For a limited time, Fidelity & Guaranty Life is increasing the initial interest rate for the FG Guarantee-Platinum® 5, a single premium fixed deferred annuity, to 3.15%* for new annuity contracts issued on or after June 6, 2016.
This initial rate is guaranteed for the first 5 contract years only and is thereafter subject to change. Also, this initial rate is subject to change at their sole discretion at any time.
Along with this competitive initial interest rate, FG Guarantee-Platinum® 5 offers:
Free withdrawals of all accumulated interest
30-day surrender charge free window after each 5-year rate guarantee period
*This initial interest rate is effective for new annuities with a minimum premium deposit of $20,000 issued on or after June 6, 2016 for the first 5 contract years only. Thereafter, the company may declare at its sole discretion a new rate which could be lower.
This initial rate is also subject to change for new contracts at Fidelity & Guaranty Life’s sole discretion at ANY TIME. Surrender charges and market value adjustments apply to withdrawals in excess of the accrued interest during the "guarantee periods" which are 5 years. There is a 30-day window at the end of each 5-year guarantee period where you may withdraw all or part of your annuity value without application of surrender charges or market value adjustment. A new guarantee period and surrender charge period will begin after the end of the previous ones. The surrender charge is 9% in the first year and declines by 1% each year for the next four years and repeats for each successive period. Annuities are long-term savings vehicles that are subject to limitations and conditions, state availability and certain suitability requirements. Please see the applicable product brochure available from your licensed insurance professional for details.
Annuity contracts issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA. No bank guarantee. Not FDIC/NCUA/NCUSIF insured. May lose value if surrendered early. Subject to state availability.
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