Fixed index annuity review and rates

Safe Income Advantage

Safe Income Advantage is a Flexible Premium Fixed Indexed Deferred Annuity. This policy includes an Enhanced Guaranteed Minimum Withdrawal Benefit Rider. The included EGMWB Rider could benefit customers who wish to trigger a lifetime withdrawal feature. You may deposit premium at any time prior to the Maturity Date and before electing to begin the Withdrawal Period under the EGMWB Rider.
Available in states: AL, AK, AZ, AR, CA, CO, CT, 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, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
1% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
2% Cap
1-Year S&P 500 PTP Monthly Average Cap
Point to Point
Annual
Monthly average
2% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1% Cap
1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Annual
75% Participation
2% Spread
1-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
110% Participation
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
100% Participation
2% Spread
2-Year CIBC Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
115% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
1.75% 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
Safe Income Advantage: EGMWB Level Yes 1.15% annually (1.50% max)
Safe Income Advantage: EGMWB Increasing Yes 1.15% annually (1.50% max)
Safe Income Advantage: EGMWB Inflation-Adjusted Yes 1.15% annually (1.50% 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%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$10,000
Types of funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, NQ Stretch, and TSP