Fidelity & Guaranty Life Insurance Company
4.4
based on complex data
Annuity Educator Rating
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-brochure Power Accumulator 10-brochure

Power Accumulator 10

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About Product

Type
Fixed Index
Purpose
Accumulation
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
$2,500,000
Max Age Qualified
85
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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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
  • A.M. Best A
  • Fitch A-
  • S&P A-
  • Moody's A3
  • Comdex 70
Assets: $47,616,107,572
Iowa

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