Fixed index annuity review and rates
Prosperity Elite 7 Protection
Prosperity Elite 7 Protection
The Prosperity Elite 7 Protection is a flexible premium deferred annuity with a 7-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 7 Protection includes a 4% (varies by age) Premium Bonus on your initial premium which vests over a 7-year period. Bonus for Age 76+: 3%
The Prosperity Elite 7 Protection is a flexible premium deferred annuity with a 7-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 7 Protection includes a 4% (varies by age) Premium Bonus on your initial premium which vests over a 7-year period. Bonus for Age 76+: 3%
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
|
5.25%
Fixed
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
245%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
365%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
380%
Participation
|
| 1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
235%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
350%
Participation
|
| 2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
360%
Participation
|
| 1-Year Gold PTP Cap |
Point to Point
Annual
|
14.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
13.5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
3.6%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12%
Cap
|
| 2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
320%
Participation
|
| 1-Year S&P 500 Index Gain Option with Declared Rate |
Performance Triggered
Annual
|
9%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 10% | 9% | 8% | 7% | 6% | 5% | 4% |
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
4%
Surrender schedule
7 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP