FGL to Increase Vesting Premium Bonus and GMWB Rollup Rate
Fidelity & Guaranty Life Raises Vesting Premium Bonus for Prosperity Elite 10 & 14 and Safe Income Plus and Increases the Guaranteed Minimum Withdrawal Benefit Roll-Up Rate for Safe Income Plus
For contracts issued July 7, 2015 and after Fidelity & Guaranty Life will increase the vesting premium bonus on the Prosperity Elite 10 and 14 fixed indexed annuity products and the Safe Income Plus FIA by 1%. We will also be raising the GMWB roll-up rate on Safe Income Plus by .25%.
What Are the New Vesting Premium Bonus Amounts for Prosperity Elite 10 and 14?
The vesting premium bonus on the Prosperity Elite 10 and 14 will be:
Prosperity Elite 10
0-75
76+
Enhancement Package
4%
2%
Protection Package
7%
3.5%
Prosperity Elite 14
0-75
76+
Enhancement Package
5%
2.5%
Protection Package
8%
4%
What Are the New Vesting Premium Bonus and GMWB Roll-Up Rates for Safe Income Plus?
The new Safe Income Plus vesting premium bonus and GMWB roll-up rate will be:
Vesting premium bonus - 6%
GMWB roll-up rate - 6.75%
Business Transition Rules
Prosperity Elite 10/14 and Safe Income Plus contracts issued July 7, 2015 or after will receive the new vesting premium bonus
Prosperity Elite 10/14 and Safe Income Plus contracts issued July 6, 2015 or before will receive the current vesting premium bonus
Safe Income Plus contracts issued July 7, 2015 or after will receive the new GMWB roll-up rate
Safe Income Plus contracts issued July 6, 2015 or before will receive the current GMWB roll-up rate
Policies issued with a buy date prior to July 15, 2015 will not be re-issued to receive the new vesting premium bonus or GMWB roll-up rate
Rate lock does not apply to vesting premium bonus percentages or GMWB roll-up rate. Applications that are submitted in good order before July 7, 2015 will not be held and will be issued with the current vesting premium bonus and GMWB roll up rate
More Information
Click below to download our dedicated flier or contact us directly at salesdesk@fglife.com with additional questions.
Form Numbers: Prosperity Elite 10/14 - API-1018 (06-11), ACI-1018 (06-11), ARI-1046(11-12), ARI-1040(11-12); et al. Safe Income Plus - API-1018(06-11), ACI-1018(06-11), ARI-1065(11-13); et al.
"FGL" when used herin refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA
FOR PRODUCER EDUCATION AND USE ONLY. NOT FOR USE IN SOLICITATION TO CONSUMERS.
15-536
Fidelity & Guaranty Life Insurance Company Two Ruan Center, 601 Locust Street, 14th Floor Des Moines, IA 50309
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