Key benefits
Guaranteed income with the protection package
If you have selected the protection package, you may receive scheduled income for life as Guaranteed Withdrawal Payments. If you haven’t made excess withdrawals in any year, payments will never run out, no matter how long you live, even if your account value is depleted. You may begin Guaranteed Withdrawal Payments any time after the first contract year, if you are at least 50 years old. The time to start is up to you, and you may stop income payments, and restart them later. The payment amount is determined by the income base of your account at the time you begin withdrawal payments. The income base is different from your account value and cannot be surrendered or withdrawn. Your Guaranteed Withdrawal Payments may increase if you become impaired to the extent you are unable to perform at least two out of six activities of daily living. These are defined terms, and may vary from state to state. Increased payments will continue until your account value is depleted or the impairment no longer qualifies you for the benefit. Payments then revert to the original guaranteed income payment. Prior withdrawals reduce guaranteed income amounts. The death benefit in the base “enhancement” package is always paid as a lump sum, while the protection package offers either a lump sum or payments over time. Prior withdrawals reduce death benefit amounts. A death benefit and vesting bonus are automatically included in this annuity for a fee of 0.60% of the highest guaranteed death benefit amount each year. This is known as the enhancement package. If you choose to add the protection package with its optional enhanced guaranteed minimum withdrawal benefit (EGMWB) and enhanced guaranteed minimum death benefit (EGMDB) rider, a fee of 0.90% of the income base will be charged annually.
Death benefits
Fees
8
ADV 1986 (02-2019)
Fidelity & Guaranty Life Insurance Company
Rev. 11-2022 22-0243
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