Fixed index annuity review and rates

Prosperity Elite 14 Protection

Prosperity Elite 14 Protection is a flexible premium deferred annuity with a 14-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. 

The Prosperity Elite 14 Protection includes Premium Bonus (varies by age) on your initial premium which vests over a 14-year period.
Available in states: AZ, AR, CO, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MI, MO, NE, NH, NM, NC, ND, RI, SD, TN, VT, VA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
335% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
300% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
220% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
345% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
310% Participation
1-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
225% Participation
1-Year Gold PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
10.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
3% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.25% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
280% Participation
1-Year S&P 500 Index Gain Option with Declared Rate
Performance Triggered
Annual
7.5% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14
Penalty 15% 14% 13% 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2%

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
7%
Surrender schedule
14 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