Fixed index annuity review and rates

Prosperity Elite 10 Protection

The Prosperity Elite 10 Protection is a flexible premium deferred annuity with a 10-year surrender charge period offering multiple index options and one fixed interest rate option. It is designed to be a long-term retirement savings tool with a variety of options to help you achieve the standard of living you want during your retirement. 
Available in states: AL, AK, AZ, AR, CA, CO, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
1-Year Gold PTP Cap
Point to Point
Annual
7.75% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
10.5% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.9% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
275% Participation
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
330% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
295% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
215% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
340% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
305% Participation
1-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
220% Participation
1-Year S&P 500 Index Gain Option with Declared Rate
Performance Triggered
Annual
7.25% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 12% 11% 10% 9% 8% 7% 6% 5% 4% 3%

Riders

Name Inbuilt Fee
Prosperity Elite Protection Package Yes 0.90% annually (1.00% max)
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
6%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, TSA 403b, IRA-Roth, Inherited IRA, NQ Stretch, and TSP