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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

Power Accumulator 7

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Highlights

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
Type
Fixed Index
Purpose Accumulation
Term
7 Years
Surrender schedule
9%9%8%7%6%5%4%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Flexible premium Product Life
Market value adjustment
Return of premium
Launch date
10/23/2019
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
Brochure
Open brochure

Find out if the Power Accumulator 7 is the right product for you.

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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. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4% Fixed
1-Year Balanced Asset 10 PTP Participation Rate
Point to Point
Annual
115% Participation
2-Year BlackRock Market Advantage PTP Participation Rate
Point to Point
Biennial
265% Participation
2-Year BlackRock Market Advantage PTP Participation Rate with Spread
Point to Point
Biennial
235% Participation
1-Year BlackRock Market Advantage PTP Participation Rate
Point to Point
Annual
205% Participation
1-Year BlackRock Market Advantage PTP Participation Rate
Point to Point
Annual
160% Participation
2-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Biennial
365% Participation
2-Year Balanced Asset 5 PTP Participation Rate with Spread
Point to Point
Biennial
325% Participation
1-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
285% Participation
1-Year Balanced Asset 5 PTP Participation Rate
Point to Point
Annual
225% Participation
1-Year iShares US Real Estate PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year iShares Core S&P 500 PTP Participation Rate
Point to Point
Annual
55% Participation
1-Year iShares MSCI EAFE PTP Participation Rate
Point to Point
Annual
60% Participation
2-Year iShares MSCI EAFE PTP Participation Rate with Spread
Point to Point
Biennial
95% Participation
4.5% Spread
1-Year iShares Gold Trust PTP Participation Rate
Point to Point
Annual
50% Participation
2-Year iShares Core S&P 500 PTP Participation Rate with Spread
Point to Point
Biennial
70% Participation
2.5% Spread
2-Year iShares US Real Estate PTP Participation Rate with Spread
Point to Point
Biennial
75% Participation
2.5% Spread
2-Year Balanced Asset 10 PTP Participation Rate with Spread
Point to Point
Biennial
205% Participation
3% Spread

Surrender schedule

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

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.

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