This is a sample of what an annuity quote looks like from a 24 year veteran of the annuity services industry. There are 8 types of annuity benefits available. You choose the type(s) you like. A Safe Money Singer Annuity Quotation might be the most thorough annuity quote to be found on the internet!
Fixed Indexed ANNUITY
F&G Safe Income Advantage ®
YOU
Guaranteed income that keeps pace with life’s changes.
Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Advantage: Retirement Whether you’re ready to retire now or making plans to in the coming years, now can be a good time to make sure you’re on track and to start thinking about how to turn your savings into retirement income. Talk to your financial representative about:
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What income you’ll have
How
1
What portion of your income is: • Guaranteed • Protected from market downturns • Built to last a lifetime That’s where a fixed indexed annuity (FIA) comes in, with income you can always count on.
much
income you’ll need
3
An FIA with an Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) 1 gives you a predictable way to build your future retirement INCOME BASE for a RELIABLE STREAM OF LIFETIME INCOME — without the risk of actually participating in the market.
1 State variations and conditions apply.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
What is an annuity? An annuity is a long-term retirement tool that can be a cornerstone of your financial security and success.
Premium
Promise
Your financial professional will help you select the policy that best meets your needs: Downside protection and growth potential Guaranteed lifetime retirement income Policy
In exchange for your premium, you receive unique benefits and guarantees from F&G. F&G provides an annuity policy and promises to look after your money.
You pay a premium (think of it as your principal) to F&G.
This quick reference guide is intended to provide an overview of the F&G Safe Income Advantage ® (Safe Income Advantage). It comes with the Statement of Understanding (SOU) that explains this annuity in detail.
The SOU has product information that’s important to help you understand this annuity. If you decide to complete an application, your financial professional will ask you to sign an acknowledgement to confirm you’ve read the SOU. If there is any conflict between this guide and the SOU, the SOU prevails.
Read on to learn how Safe Income Advantage can play an important part in your financial plans.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Is Safe Income Advantage a good option for you? Many Americans use their monthly annuity income to cover essential living expenses in retirement — like food, shelter and taxes. Knowing guaranteed income is there to help cover those routine expenses can create a sense of safety in retirement.
3 reasons you may consider Safe Income Advantage
With Safe Income Advantage you get: Rapid, guaranteed growth to your income base Guaranteed income that you can start tomorrow (age 50 and up) and can’t outlive Ability to give yourself an annual pay raise 1 in retirement, if you choose Increased payment amount if you become impaired Penalty-free access to your account value for terminal illness or qualified in-home or nursing home care 2 Tax-deferred growth 3 The ability to maintain control over your annuity savings (payments without annuitization)
Build an income base Get a guaranteed annual growth rate.
Never lose value due to a market downturn. Reliable stream of lifetime income 4 Your lifetime income payments are calculated based on your annuity’s income base. Know your payment percentage today based on how long you plan to wait to turn income on and your age when you do. Your payments will never run out no matter how long you live, even if your account value is depleted. 5 Choose level or increasing payments, including an income option with its growth tied to inflation, to help maintain your spending power. In case of the unexpected Impairment multiplier 6 can increase lifetime payment amount by double if, after year 1, you are ever unable to perform two out of six activities of daily living. Plus, unlock 100% of your account value in the event of terminal illness, qualifying in-home or nursing home care. 2 Consult the SOU for complete details.
1 Increasing income payments will stop when the account value becomes $0. 2 Subject to state availability. Nursing home and home health care not available in MA. 3 You pay taxes only when you make withdrawals and receive income in the future. 4 For a fee. 5 The level of Guaranteed Withdrawal Payment amount is guaranteed for life as long as no Excess Withdrawals are taken. Excess Withdrawals will reduce the Guaranteed Withdrawal Payment amount, and in some cases, reduce it to zero, terminating the contract. 6 If specific qualifications for impairment are met (see rider for details) and the account value is greater than zero, withdrawal payments increase by 2X (1.5X if joint contract). Feature is subject to state availability. The annuitant is eligible for EGMWB given they have attained age 60 and the rider has been in place for 3 years.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Income growth will make you do a double take If you aren’t planning to retire right away, leaving your initial premium in Safe Income Advantage can give you a significant advantage in retirement – doubling your income base in just 10 years. When you turn on income, you can choose to give yourself a raise each year. And if you’re ever unable to complete 2 of 6 activities of daily living and otherwise qualify, whatever your income has grown to at that time can double again thanks to the impairment multiplier.
Enhanced GMWB payments
31,000
$29,554
Income payments can double again if eligible for the impairment multiplier 1
26,000
$28,409
21,000
Income payment grows until turned on (can double in 10 years)
16,000
$14,277
$10,121
11,000
Income payments can continue to grow for life 2 under the increasing income option
6,000
1,000
50
55
60
65
70
75
80
85
90
Income deferral period
Income with doubler at age 71
Increasing income
1 If specific qualifications for impairment are met (see rider for details) and the account value is greater than zero, withdrawal payments increase by 2X (1.5X if joint contract). Feature is subject to state availability. 2 Increasing income payments will stop when the account value becomes $0. This graph assumes an initial premium of $100,000, that no withdrawals are taken during the deferral period, and that no excess withdrawals are taken during the withdrawal period. It also assumes an increasing income of 3.50% and a deferral period of 10 years, after which time the guaranteed income payments commenced immediately after the policy anniversary. At age 71, the client became eligible for the enhanced guaranteed income payments. The example rates may not reflect those currently available. This hypothetical example is for illustrative purposes only and not intended to be the performance of any specific product.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
About F&G
Over 800,000 people protected
1959 established
Since 1959 , F&G has provided retirement solutions. Today, we provide annuities and life insurance for over 800,000 people across the United States. Our annuities are designed to protect your savings and provide a steady stream of tax-deferred 1 income for your retirement.
F&G is a division of Fidelity National Financial, Inc. (F&F), a Fortune 500 company.
We credit this award to our employees’ shared cultural values: Collaborative, Authentic, Dynamic and Empowered.
1 You pay ordinary income tax on the interest you’ve earned only when it’s withdrawn or paid out.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Other considerations
Guaranteed income
Safe Income Advantage provides you with 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 issue, 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, your age at that time and how long you’ve been in the product. 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. There 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 guaranteed withdrawal payment. The cost of the enhanced guaranteed withdrawal payment benefit is 1.15% of the income base, and is deducted from your account value on each policy anniversary. Excess withdrawals reduce guaranteed withdrawal amounts.
Interest crediting options You may change allocation
Choose from several options for earning interest to your account value on your premium:
Fixed interest option (with a guaranteed rate) Index crediting options tied to market indexes: • Balanced Asset 5 Index™ • BlackRock Market Advantage Index • S&P 500 ®
among the interest options at the end of index crediting periods.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Interest crediting options, cont.
Gains are locked in at the end of each crediting period. The indexed crediting options are linked to the market index, but you are not invested directly in the stock market or any index. We protect you from downside risk. You participate in a portion of the index gain, subject to certain limits called caps, participation rates and/or spreads. More details are available in the SOU. Some index crediting options are available with or without a fee. Index crediting options with a fee may provide higher caps, participation rates and declared rates, or lower spreads than options without fees. The fee is 1.25% of the option’s account value. Choose to take your income one of three ways: Level payments for life One of two increasing income options 1 • One guaranteed to increase a set amount each contract anniversary • One that increases each year (up to a cap) or stays level based on the inflation-linked CPI-U index Access your total account value with no surrender charges or Market Value Adjustment (MVA). If you need home health or nursing home care, or are diagnosed with a terminal illness, you may access your total account value with no surrender charges or MVA. The diagnosis of terminal illness must occur at least one year after the contract is issued. In AK, AL, CT, ID, MN, MS, MT, OR, PA and WA, nursing home care or confinement must begin after the contract effective date. These are defined conditions and benefits, and availability may vary from state to state.
Income options
1 Increasing income payments will stop when the account value becomes $0.
Access for unexpected health care costs Home health care 2 Nursing home care 2 Terminal illness 2 Not available in MA.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Ability to withdraw
You may withdraw your money at any time. You’ll have penalty- free access to 10% of the total account value in years 2 through the end of the surrender period. Any withdrawals over this amount will incur surrender charges and MVA. Surrender charges
1234567891011+
Most states
12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 0%
AK, AL, CA, CT, DE, FL (65+), ID, MA, MN, MS, MT, NJ, NV, OH, OK, OR, PA, SC, TX, UT and WA
9% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%
Surrender charge percentages may vary by state, by product.
Market Value Adjustment (MVA)
Any time a withdrawal incurs a surrender charge, an MVA will be applied. The MVA is based on a formula that takes into account changes in the rates since the contract was issued. Generally, if rates have risen, the MVA will decrease the surrender value; if they have fallen, the MVA will increase the surrender value. MVA does not apply in AK, AL, CT, ID, IL, MN, MO, MS, MT, OR, PA or WA.
Death benefit
Your account value is paid as a lump sum death benefit to the beneficiary or beneficiaries you name in your contract.
Annuitization
You don’t have to worry about outliving your assets — you can turn your annuity into scheduled payments for life on its maturity date. The maturity date of your annuity is set when it’s issued.
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
Advantage: Retirement Take control of your retirement, and be prepared no matter what it brings, with guaranteed income in a fixed indexed annuity from F&G. Talk to your financial professional about Safe Income Advantage today!
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Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
This document is not a legal contract. For the exact terms and conditions, refer to the annuity contract, which is issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA. “F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA. Fidelity & Guaranty Life Insurance Company offers a diverse portfolio of fixed and fixed indexed deferred annuities, immediate annuities and optional additional features. Annuities are long-term vehicles to help with retirement income needs. Before purchasing, consider your financial situation and alternatives available to you. Visit us at fglife.com for more information, and consult a financial or insurance professional who can help you determine the alternatives for your goals and needs. Guarantees are based on the claims paying ability of the issuing insurer, Fidelity & Guaranty Life Insurance Company, Des Moines, IA. Policy form numbers: API-1018(06-11), ACI-1018(06-11), ICC11-1035(11-11), API-1018 (12-18), API-1018 (07-18), ARI-1045(11-12), ARI-1049(11-12), ARI-1050(11-12), ARI-1051(11-12), ARI-2007 (12-18), ARI-1075(09-15), ARI-1065(07-18), OM TSA 2009, ICC18-1018(12-18), ICC11-1036(11-11), ICC11-1043(11-11), ICC11-1044(11-11), ICC11-1045(11-11), ICC18-2007(12- 18), ICC20-1065(12-20), ICC11-1054(11-11), ICC20-AE-2037(5-20), ICC20- AE-2038(5-20), AE-2005(10-18), ARI-1060(11-13), ARI-1061(11-13), ARI- 1062(11-13), ARI-1063(11-13), ICC20-1107(01-20), ICC20-1108(01-20), ICC20-1109(01-20), ICC20-1110(01-20). This product is a deferred, fixed indexed annuity that provides a minimum guaranteed surrender value. You should understand how the minimum guaranteed surrender value is determined before purchasing an annuity contract. Even though contract values may be affected by external indexes, the annuity is not an investment in the stock market and does not participate in any stock, bond, or equity investments. Indexed interest rates are subject to caps, participation rates and/or spreads, which may change at the discretion of F&G. Interest rates are subject to change. The provisions, riders and optional additional features of this product have limitations and restrictions, may have additional charges, and are subject to change. Contracts are subject to state availability, and certain restrictions may apply. See the SOU for details. F&G may change your annuity contract from time to time, to follow federal and state laws and regulations. If this happens, we’ll tell you about the changes in writing. This product is offered on a group or individual basis, subject to state approval. For group contracts, the group certificate and master contract provide the terms and conditions, which are subject to the laws of the issuing state. Surrender charges and an MVA may apply to withdrawals. An MVA may increase or decrease the surrender value. Withdrawals may be taxable and may be subject to penalties prior to age 59 ½. Withdrawals will reduce the available death benefit. The “S&P 500 Index” is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and has been licensed for use by Fidelity & Guaranty Life Insurance Company. Standard & Poor’s ® and S&P ® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones ® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). These trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Fidelity & Guaranty Life Insurance Company. These annuity products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index. The Balanced Asset 5 Index TM (the “Index”) is the exclusive property of Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce, together with its affiliates, “CIBC”). CIBC has engaged Bloomberg Finance L.P. (“Bloomberg”) to maintain and to make certain calculations related to the Index. “Canadian Imperial Bank of Commerce”, “CIBC” and “Index” (collectively, the “CIBC Marks”) are trademarks or service marks of CIBC. CIBC has licensed
use of the Index and the CIBC Marks to Fidelity & Guaranty Life Insurance Company (“FGL”) for use in one or more fixed indexed annuities offered by FGL (the “Product(s)”). CIBC is not the issuer of the Products and its sole contractual relationship with FGL is to license the Index and the CIBC Marks to FGL. CIBC developed the Index without considering the needs of FGL or any annuitant. CIBC makes no representation or warranty, express or implied, regarding the Index or its development and has no responsibilities, obligations or liabilities with respect to the inception, adjustment, maintenance, operation or calculation of the Index. None of CIBC, Bloomberg or any other third-party licensor (collectively, the “Index Parties”) to CIBC is acting, or has been authorized to act, as an agent of FGL or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Products or provided investment advice to FGL. No Index Party is a fiduciary or agent of any purchaser, seller or holder of any Product, or has made any representation or warranty, express or implied, regarding the advisability of purchasing, selling or holding any Product or the ability of the Index to track corresponding or relative market performance. Purchasers of any Product neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with any of the Index Parties. No Index Party guarantees the timeliness, accurateness, or completeness of the Index or any data or information relating thereto and shall have no liability in connection with the Index or any data or information relating thereto. No Index Party shall have any liability with respect to any Product, nor any liability for any loss relating to any Product, whether arising directly or indirectly from the use of the Index, its methodology, or otherwise. The selection of the Index as a crediting option under any Product does not obligate FGL to invest annuity premiums in the components of the Index. Any obligation to invest annuity premiums received under the Products are determined solely by FGL. BLOOMBERG is a trademark and service mark of Bloomberg. Bloomberg and its affiliates are not affiliated with FGL or CIBC. Bloomberg’s association with CIBC is to act as the administrator and calculation agent of the Index, which is the property of CIBC. Bloomberg does not guarantee the timeliness, accurateness, or completeness of the Index or any data or information relating thereto and shall have no liability in connection with the Index or any data or information relating thereto. In calculating the level of the Index, the index methodology deducts a maintenance fee of .85% per year, calculated daily. This fee will reduce the level of the Index and thus the amount of interest, if any, that will be credited to any Product. Furthermore, while the volatility control applied by CIBC as part of the index methodology may result in less fluctuation in rates of return as compared to indices without volatility controls, it may also reduce the overall rate of return for products referencing the Index as compared to other indices not subject to volatility controls. For more information on the Balanced Asset 5 index, see indices.cibccm.com/ CIBQB05E. The BlackRock Market Advantage Index is a product of BlackRock Index Services, LLC and has been licensed for use by Fidelity & Guaranty Life. BlackRock ® , BlackRock Market Advantage Index™, and the corresponding logos are registered and unregistered trademarks of BlackRock. The annuity product is not sponsored, endorsed, sold or promoted by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock has no obligation or liability in connection with the administration or marketing of the annuity product. BlackRock makes no representation or warranty, express or implied, to the owners of the annuity product or any member of the public regarding the advisability of investing the annuity product or the ability of the BlackRock Market Advantage Index to track general market performance. BlackRock does not guarantee the adequacy, accuracy, timeliness, and/or completeness of the Index or any data or communication related thereto nor does it have any liability for any errors, omissions or interruptions of the BlackRock Market Advantage Index. http://www.blackrock.com/us/marketadvantageindex. It is important to note that when the declared participation rate is greater than 100% and the index change percentage at the end of the index term period is 0 or negative, no index interest credits will be applied to the account value. Please see the SOU for a detailed explanation. Please contact us at 888.513.8797 or visit us at fglife.com for more information.
No bank guarantee.
Not FDIC/NCUA/NCUSIF insured.
May lose value if surrendered early.
Fidelity & Guaranty Life Insurance Company
ADV2780 (03-2022)
Rev. 11-2023 23-1448
888.513.8797
fglife.com
Your annuity values are guaranteed by Fidelity & Guaranty Life Insurance
Company, Des Moines, IA. F&G offers our series of focused life insurance and annuity products through a network of independent marketing organizations (IMOs) and financial or insurance professionals. We pay the IMO, financial or insurance professional, or firm for selling the annuity to you, and factor that into our contract pricing. Their compensation isn’t deducted from your premium. Insurance products are offered through Fidelity & Guaranty Life Insurance Company in every state, other than New York, as well as the District of Columbia and Puerto Rico. In New York,
products are offered through a wholly owned subsidiary, Fidelity & Guaranty Life Insurance Company of New York. Each company is solely responsible for its contractual obligations. As a legal reserve company, we’re required by state regulation to maintain reserves equal to or greater than guaranteed surrender values. Ask your financial or insurance professional today about F&G and let’s get to work ensuring you have a bright tomorrow.
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