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.
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
|
5.25%
Fixed
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
370%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
360%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
245%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
390%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
375%
Participation
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
255%
Participation
|
| 1-Year Gold PTP Cap |
Point to Point
Annual
|
15%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
14%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.75%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.5%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
330%
Participation
|
| 1-Year S&P 500 Index Gain Option with Declared Rate |
Performance Triggered
Annual
|
9.5%
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) |
| Prosperity Elite Protection Package (HI, IL) | 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
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
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