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
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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
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