Company Information
Company Name
Fidelity & Guaranty Life
Product Name
Fidelity & Guaranty FG Guarantee-Platinum 5
Description
The FG Guarantee-Platinum 5 is a single premium, fixed annuity with a five-year rate lock. After five years, owners have a 30-day window to withdraw, transfer, or renew their full account value. If no action is taken, a new five-year term will begin with the same surrender schedule.
There are no surrender penalties at death and spousal continuance options are allowed. Accounts accept both qualified and non-qualified deposits and include an MVA provision.
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
Int / Int
Rate
5.00%
Term
5 Years
Minimum Investment
$ 20,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
90
Surrender Schedule
9%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
Competitive fixed rates from an A rated insurance company. Free accumulated interest withdrawals after 30 days. Small minimums to start and no surrender penalties at death.
Notable Features
At no cost, both a nursing home and terminal illness riders are included. Account can be annuitized at any time for systematic payments of interest and principal.
Other Popular Products
Fidelity and Guaranty Life offers competitive fixed-indexed annuities for growth and lifetime income. Their fixed-indexed universal life is also popular for estate planning purposes.
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About Fidelity & Guaranty Life Insurance Company
This A rated company was established in 1959 and is headquartered in Des Moines, IA. They have over 900,000 policyholders across the United States. Their parent company is Fidelity National Financial (FNF), a publicly traded company on the NYSE.
Fidelity and Guaranty Life focuses on life insurance and annuities for individuals and business interests alike. Their goal is to best serve their customers through positive social and environmental governance and improve their financial well-being.