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 |
Fixed
|
1%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
3.25%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
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
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
2nd+ year: 10%
Premium bonus
2%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, 401k, Profit Sharing, IRA, Pension, IRA Rollover, TSA 403b, Inherited IRA, NQ Stretch, and TSP