Fidelity & Guaranty Life Insurance Company

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Annuity review

Power Accumulator 10

The Power Accumulator 10 is a fantastic product for those wanting a financial cushion during retirement. It offers guaranteed lifetime income, offering peace of mind knowing you'll never outlive your money.

What's really great is its flexibility. With options to withdraw without penalties and potential for tax-deferred growth, the Power Accumulator 10 ensures that you're in control of your money always. It's a smart choice for a worry-free future.

Power Accumulator 10

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

12%

11%

10%

Fee withdrawal:

10%

Flexible premium

Product Life

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$10,000

Maximum Contribution

$2,500,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Inherited IRA, and TSP

Launch Date

10/23/2019

F&G Power Accumulator 10 is a Flexible Premium Fixed Indexed Deferred Annuity.

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	3.75% Fixed
1-Year Balanced Asset 10 PTP Participation Rate	Point to Point Annual	90% Participation
1-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Annual	135% Participation
1-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Annual	180% Participation
2-Year BlackRock Market Advantage PTP Participation Rate with Spread	Point to Point Biennial	190% Participation
2-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Biennial	220% Participation
2-Year Balanced Asset 5 PTP Participation Rate	Point to Point Biennial	295% Participation
2-Year Balanced Asset 5 PTP Participation Rate with Spread	Point to Point Biennial	255% Participation
1-Year Balanced Asset 5 PTP Participation Rate	Point to Point Annual	225% Participation
1-Year Balanced Asset 5 PTP Participation Rate	Point to Point Annual	170% Participation
1-Year iShares US Real Estate PTP Participation Rate	Point to Point Annual	40% Participation
1-Year iShares Core S&P 500 PTP Participation Rate	Point to Point Annual	40% Participation
1-Year iShares MSCI EAFE PTP Participation Rate	Point to Point Annual	40% Participation
2-Year iShares MSCI EAFE PTP Participation Rate with Spread	Point to Point Biennial	70% Participation 4.5% Spread
1-Year iShares Gold Trust PTP Participation Rate	Point to Point Annual	40% Participation
2-Year iShares Core S&P 500 PTP Participation Rate with Spread	Point to Point Biennial	55% Participation 2.5% Spread
2-Year iShares US Real Estate PTP Participation Rate with Spread	Point to Point Biennial	60% Participation 2.5% Spread
2-Year Balanced Asset 10 PTP Participation Rate with Spread	Point to Point Biennial	175% Participation 3% 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

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Investment Amount

Riders

No Riders for Power Accumulator 10 annuity.

Waivers

Nursing Home

Unavailable in states: MA

Nursing Home Care (in a licensed nursing home) -Access to account value, with no surrender charge or MVA -Must be confined to nursing home for at least 60 days In AK, AL, CT, ID, MN, MS, MT, OR, PA and WA confinement must begin after the contract effective date. In all other states confinement must begin at least 1 year after the contract effective date.

Terminal Illness

Terminal Illness -Access to account value, with no surrender charge or MVA 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) -Access to account value, with no surrender charge or MVA -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, CT, ID, MN, MS, MT, OR, PA and WA care must begin after the contract effective date. In all other states care must begin at least 1 year after the contract effective date.

Premium Notes

Eligible ages:
Non-qualified: 0-85
Qualified: 18-85
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 $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

Free partial withdrawals You may withdraw your money at any time. We know you may have unexpected opportunities or expenses. You’ll have penalty-free access to 10% of the total account value in years 2-10. Any other withdrawals will incur surrender charges and an MVA.

Company Founded: 1959

Excellent Rated Company

Fidelity & Guaranty Life Insurance Company

Company Ratings

4.1