Fixed index annuity review and rates

Index-Choice 10 New York

FGNY Index-Choice 10 is a flexible-premium, indexed annuity. It is a highly competitive Indexed Annuity which offers four interest-crediting options to assist your clients in meeting their financial goals. Clients can select from a monthly average, an annual point-to-point, and a monthly point-to-point, all which are linked to a formula based, in part, on changes in the S&P 500; additionally, there is a traditional fixed interest account option.
Available in states: NY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
3.25% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Monthly average
3.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Monthly sum
1.25% Cap

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 10% 10% 9% 8% 7% 6% 5% 4% 2%
Fidelity & Guaranty Life Insurance Company
Founded: 1959
A.M. Best: A-
Fitch: A-
S&P: A-
Moody's: Baa1
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Premium bonus
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, TSA 403b, Inherited IRA, NQ Stretch, and TSP