Fidelity & Guaranty Life Insurance Company

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Power Accumulator 7

The Power Accumulator 7 annuity is a secure option for future planning. It offers steady income growth that eases anxiety about retirement. Its tax-deferred status keeps more money in your pocket!

You'll appreciate added bonuses like death benefits and accessibility features. Simplifying your finances has never been so comfortable with Power Accumulator 7!

Power Accumulator 7

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

7 Years

Surrender schedule

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 7 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	85% Participation
2-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Biennial	215% Participation
2-Year BlackRock Market Advantage PTP Participation Rate with Spread	Point to Point Biennial	185% Participation
1-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Annual	175% Participation
1-Year BlackRock Market Advantage PTP Participation Rate	Point to Point Annual	130% Participation
2-Year Balanced Asset 5 PTP Participation Rate	Point to Point Biennial	290% Participation
2-Year Balanced Asset 5 PTP Participation Rate with Spread	Point to Point Biennial	250% Participation
1-Year Balanced Asset 5 PTP Participation Rate	Point to Point Annual	220% Participation
1-Year Balanced Asset 5 PTP Participation Rate	Point to Point Annual	165% 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	65% 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	170% Participation 3% Spread

Surrender schedule

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

Hypothetical Projection

Comparison against S&P 500 using current rates

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Investment Amount

Riders

No Riders for Power Accumulator 7 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 $2,500,000.
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 2-7. 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