Other considerations Access for unexpected health care costs • Nursing home confinement 1 • Terminal illness 1 1 Not available in MA.
Access your total account value with no surrender charges. If you need 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 AL, MN, MS, OR, PA and WA, nursing home care or confinement must begin after the contract effective date. In all other states, nursing home care or confinement must begin at least 1 year after the contract effective date. These are defined conditions and benefits, and availability may vary from state to state. You may withdraw your money at any time. You have penalty-free access to your earnings during the surrender charge period. Any other withdrawals made will incur surrender charges and MVA. Surrender Charges Years into Guarantee Period 1 2 3 4 5 6 7 8+ FG Guarantee-Platinum 3 9.00 % 8.00 % 7.00 % 0.00 % FG Guarantee-Platinum 5 9.00 % 8.00 % 7.00 % 6.00 % 5.00 % 0.00 % FG Guarantee-Platinum 7 9.00 % 8.00 % 7.00 % 6.00 % 5.00 % 4.00 % 3.00 % 0.00 % When your guarantee period ends, you have a 30-day window to withdraw your account value without incurring a surrender charge. At the end of this 30-day window, F&G will automatically renew your annuity and roll your premium and earnings tax-free into a guarantee period the same length as your original policy. You will continue to earn compound, tax- deferred interest at the rate F&G fixes at the beginning of your new guarantee period. Each time the contract is renewed, the surrender charge schedule starts over at 9% and decreases each year. If you renew the annuity after age 91, surrender charges and MVA no longer apply. In CA, CT, ID, NC, NJ, OK and VT, after the initial surrender period, surrender charges continue to decrease 1% annually until they reach zero and do not restart. 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 the rates have risen, the MVA will decrease the surrender value; if they have fallen, the MVA will increase the surrender value. An MVA does not apply in CA or NJ.
Ability to withdraw See the SOU for details on surrender charges and MVA.
30-day window
Market Value Adjustment
Death benefit
Your account value is paid as a lump sum death benefit.
F&G has provided retirement products since 1959. Today, we provide annuities and life insurance for over 700,000 people across the United States. Our annuities are designed to protect your savings and provide a steady stream of tax-deferred 2 income for your retirement.
2 You pay taxes only when you make withdrawals and receive income in the future.
3
Fidelity & Guaranty Life Insurance Company
ADV 2010 (02-2019)
Rev. 09-2022 22-0240
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