Fidelity & Guaranty Life Insurance Company
4.2
based on complex data
Annuity Educator Rating
Annuity review

Flex Accumulator

The Flex Accumulator annuity is a great choice if you're planning for a secure retirement. It offers steady income, enabling you to relax and enjoy life without financial worries.

Importantly, your investment grows tax-deferred, which means more for you in the long run. The Flex Accumulator provides peace of mind for your golden years!

Flex Accumulator-brochure Flex Accumulator-brochure

Flex Accumulator

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About Product

Type
Fixed Index
Purpose
Accumulation & Legacy
Term
10 Years
Surrender schedule
12%
11%
10%
9%
8%
7%
6%
5%
4%
3%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$1,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, 1035 Exchange, Inherited IRA, and TSP
Launch Date
07/08/2020
F&G Flex Accumulator is a fixed indexed annuity offering enhanced legacy, increased liquidity and strong accumulation potential.
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
3.5% Fixed
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
55% Participation
3% Spread
1-Year S&P 500 PTP Participation Rate with Spread
Point to Point
Annual
40% Participation
3% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
6.75% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.25% Cap
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
2.95% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
260% Participation
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
220% Participation
2-Year BlackRock Market Advantage PTP Participation Rate with Spread
Point to Point
Biennial
175% Participation
2-Year BlackRock Market Advantage PTP Participation Rate
Point to Point
Biennial
205% Participation
1-Year CIBC Balanced Asset 10 PTP Participation Rate
Point to Point
Annual
85% Participation
2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Biennial
160% Participation
4% Spread
2-Year CIBC Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Biennial
190% Participation
4% Spread

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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Riders

Name Inbuilt Fee
Enhanced Death Benefit rider (ages 0-69) Yes
Enhanced Death Benefit rider (ages 70+) Yes

Waivers

Nursing Home

Unavailable in states: MA

Nursing Home Care (in a licensed nursing home) • Confinement must begin at least 1 year after contract effective date • Must be confined to nursing home for at least 60 consecutive days

Terminal Illness

Diagnosis must be made at least 1 year after contract effective date and certified by licensed physician. Life expectancy must be less than 1 year.

ADL

Unavailable in states: MA

Home Health Care (provided by licensed home health care provider) • Care must begin at least 1 year after contract effective date • Must be unable to perform at least 2of 6 activities of daily living (for at least 60 days and expected to continue for at least 90 days after requesting withdrawal)

Premium Notes

Eligible ages
Non-qualified: 0-85
Qualified: 18-85
If joint owner, eligibility is based on older owner’s age

Premium 
  • Minimum premium: $10,000 
  • $2,000 per interest option 
  • $1M and over requires home office approval
Flexible Premium
Any additional premium (the amount of money you may at any time and as often as you want until the Maturity Date) must be at least $2,000 and may not exceed $1,000,000.
The minimum Allocation to any account is $2,000 per contract year.

Note: TSP funds have to be rolled into an IRA.

Withdrawal Provisions

Death benefit Prior withdrawals reduce benefit amounts. Interest rates are subject to change. Partial index credit, if applicable, paid up to the date of death. Paid as a lump sum, greatest of: Account value Minimum guaranteed surrender value OR: Enhanced death benefit rider at no charge Interest multiplier: Issue ages 0-69, two times the interest crediting rate for the death benefit baseIssue ages 70+, 1.5 times the interest crediting rate for the death benefit base Tailor payments over five years or longer 

Company Founded: 1959
Excellent Rated Company
Fidelity & Guaranty Life Insurance Company
Company Ratings
4
  • A.M. Best A
  • Fitch A-
  • S&P A-
  • Moody's A3
  • Comdex 70
Assets: $47,616,107,572
Iowa

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