Fidelity & Guaranty Life Insurance Company
4.9
based on complex data
Annuity Educator Rating
Annuity review

Performance Pro

The Performance Pro annuity shines in aiding your financial security in retirement, filling up the gaps in your income! It impressively offers both immediate and deferred annuities, giving flexibility.

Adding a cherry on top, Performance Pro guarantees a steady income for life. Rest easy, knowing you have a stable nest egg, making it a smart choice for your golden years!

Performance Pro-brochure Performance Pro-brochure

Performance Pro

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About Product

Type
Fixed Index
Purpose
Lifetime Income
Premium Bonus
15%
Term
10 Years
Surrender schedule
14%
13%
12%
11%
10%
8%
6%
4%
2%
1%
Fee withdrawal:
10%
Flexible premium
Product Life
Market Value Adjustment
Yes
Return Of Premium
No
Minimum Contribution
$10,000
Maximum Contribution
$2,000,000
Max Age Qualified
80
Types Of Funds
Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, IRA-Roth, Inherited IRA, and TSP
Launch Date
03/17/2014
The Performance Pro with GMWB is a Flexible Premium Fixed Deferred Indexed Annuity with a 10 year surrender charge period. 

The account value available as a death benefit includes 100% of any bonus amounts regardless of the portion vested at that time.
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
2.75% Fixed
1-Year S&P 500 PTP Monthly Sum Cap
Point to Point
Annual
Monthly sum
1.95% Cap
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread
Point to Point
Biennial
185% Participation
2-Year S&P 500 PTP Cap
Point to Point
Biennial
9.75% Cap
3-Year S&P 500 PTP Cap
Point to Point
Triennial
16% Cap
1-Year Gold PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
130% Participation
2-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
225% Participation
2-Year Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
185% Participation
1-Year GS Global Factor PTP Participation Rate
Point to Point
Annual
135% Participation
2-Year GS Global Factor PTP Participation Rate
Point to Point
Biennial
245% Participation
2-Year GS Global Factor PTP Participation Rate with Spread
Point to Point
Biennial
200% Participation
2-Year BlackRock Market Advantage PTP Participation Rate with Spread
Point to Point
Biennial
145% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 14% 13% 12% 11% 10% 8% 6% 4% 2% 1%

Hypothetical Projection

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

Name Inbuilt Fee
Performance Pro: Enhanced Guaranteed Minimum Withdrawal Benefit Yes 0.10% annually (1.50% max)

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 days. In AK, AL, ID, MN, MS, MT, OR, PA, PR and WA, care or confinement must begin after the contract effective date.

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. Limitations and considerations may vary from state to state.

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 2 of 6 activities of daily living (for at least 60 days and expected to continue for at least 90 days after requesting withdrawal). In AK, AL, ID, MN, MS, MT, OR, PA, PR and WA, care or confinement must begin after the contract effective date.

Premium Notes

Eligible ages
Non-qualified: 0-80
Qualified: 18-80
If joint owner, eligibility is based on older owner’s age

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 $2,000,000.
The minimum Allocation to any account is $2,000 per contract year.

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

Withdrawal Provisions

Free Withdrawals Each contract year, after the end of the first contract year, free partial surrender of up to 10% of the account value as of the prior anniversary. 

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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