F&G 1-2-3 with Anytime Income
F&G 1-2-3 with Anytime Income
About Product
- One FIA Solution – A retirement income strategy tailored to you.
- Two Income Options – Choose Anytime Income (immediate access) or Future Income (10-year wait for enhanced benefits).
- Three Key Benefits – Lifetime income, growth potential, and a legacy opportunity for your beneficiaries.
The Anytime Income Rider is inbuilt into this product.
You may begin taking income any time after issue, if you are at least 50 years old.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.4%
Fixed
|
| 1-Year Fixed Account (TX Only) |
Fixed
|
2.4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
| 1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
1.8%
Cap
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Annual
|
105%
Participation
5.5%
Spread
|
| 1-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Annual
|
110%
Participation
|
| 1-Year BlackRock Market Advantage PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year Morgan Stanley US Equity Allocator PTP Participation Rate with Spread |
Point to Point
Annual
|
50%
Participation
|
| 2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread |
Point to Point
Biennial
|
80%
Participation
|
| 2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
160%
Participation
|
| 2-Year BlackRock Market Advantage PTP Participation Rate with Spread |
Point to Point
Biennial
|
125%
Participation
|
| 2-Year Morgan Stanley US Equity Allocator PTP Participation Rate with Spread |
Point to Point
Biennial
|
75%
Participation
|
| 1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
3.5%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Penalty | 10% | 10% | 10% | 9% | 8% | 6% | 5% | 4% | 3% | 1% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Anytime Income Rider | Yes |
Waivers
Nursing Home
If you, as the Contract owner, become confined to a state-licensed, nursing long-term care facility that provides skilled, continuous nursing care or services under the supervision of a licensed nurse or physician, you may qualify for the Nursing Home Rider. With this rider, you may withdraw all or part of your account value without a surrender charge and MVA (where applicable). If on full surrender, the minimum guaranteed surrender value is greater than the account value, you will receive the minimum guaranteed surrender value.
Terminal Illness
If you, as the Contract owner, have an illness or physical condition that results in your having a life expectancy of 12 months or less, you may qualify for the Terminal Illness Rider. With this rider, you may withdraw all or part of your account value without a surrender charge and MVA (where applicable). If on full surrender, the minimum guaranteed surrender value is greater than the account value, you will receive the minimum guaranteed surrender value.
ADL
If you, as the Contract owner, are unable to physically care for yourself without the assistance of another person, you may qualify for the Impairment Rider. This rider includes specific definitions about your physical self-care abilities. The critical measurement of your abilities is the prevention of injury without physical intervention. To determine your need for care, we lay out six activities of daily living. If you need another person within arm’s reach to help you with at least two out of the six activities in order to prevent injury, then we consider you unable to physically care for yourself. Your home health care services for at least two out of the six activities of daily living must be received in your personal residence from a licensed home health care agency or provider. Care providers include, but are not limited to, part-time and intermittent skilled nursing services, home health aid services, physical therapy, occupational therapy, speech therapy, audiology services, and medical social services by a social worker.
Premium Notes
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age
Withdrawal Provisions
Ability to withdraw You may withdraw your money at any time. You’ll have penalty-free access to 10% of your initial premium in year 1 and 10% of beginning of year account value in years 2+ through the end of the surrender period. Any withdrawals over this amount will incur surrender charges and MVA.Market Value Adjustment (MVA) Any time a withdrawal incurs a surrender charge, an MVA will be applied. The MVA is based on a formula that takes into account changes in the rates since the contract was issued. Generally, if rates have risen, the MVA will decrease the surrender value; if they have fallen, the MVA will increase the surrender value.
- A.M. Best A
- Fitch A-
- S&P A-
- Moody's A3
- Comdex 71
