Prosperity Elite 14 Enhancement
The Fidelity & Guaranty Life Insurance Company, also known as F&G for short, was established in 1959. Presenting a broad range of insurance solutions, which include annuities and life insurance policies, the company strives to guide its clients toward financial stability. One of F&G’s standout products is its innovative fixed-indexed annuity, which provides customers the potential for growth with downside protection in the case of market recessions.
Prosperity Elite 14 Enhancement
Ratings:
- A.M. Best A
- Fitch A-
- S&P A-
- Moody's A3
- Comdex 70
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
4%
Fixed
|
1-Year Gold PTP Cap |
Point to Point
Annual
|
10%
Cap
|
1-Year S&P 500 PTP Monthly Average Cap |
Point to Point
Annual
Monthly average
|
10%
Cap
|
1-Year S&P 500 PTP Monthly Sum Cap |
Point to Point
Annual
Monthly sum
|
2.6%
Cap
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.5%
Cap
|
2-Year Barclays Trailblazer Sectors 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
260%
Participation
|
1-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Annual
|
190%
Participation
|
2-Year CIBC Balanced Asset 5 PTP Participation Rate with Spread |
Point to Point
Biennial
|
270%
Participation
|
2-Year CIBC Balanced Asset 5 PTP Participation Rate |
Point to Point
Biennial
|
310%
Participation
|
1-Year GS Global Factor PTP Participation Rate |
Point to Point
Annual
|
195%
Participation
|
2-Year GS Global Factor PTP Participation Rate with Spread |
Point to Point
Biennial
|
280%
Participation
|
2-Year GS Global Factor PTP Participation Rate |
Point to Point
Biennial
|
320%
Participation
|
1-Year S&P 500 Performance Trigger |
Performance Triggered
Annual
|
6.25%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Penalty | 15% | 14% | 13% | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
Name | Inbuilt | Fee |
---|---|---|
GMDB Prosperity Elite Enhancement Package | Yes | 0.60% annually |
Waivers
Nursing Home
Confinement must begin at least 1 year after contract effective date. Must be confined to nursing home for at least 60 days. Home Health Care is an acceptable option.
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.
Premium Notes
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 Withdrawals