Hi F&G Contact,
Effective October 31, 2014, Fidelity & Guaranty Life will be implementing a new life application for two of our fixed indexed universal life products – FG Life-Choice® and FG Life-Elite®. One important change is that we will no longer accept credit card payments for initial premium. Please note that the older application version will not be accepted after November 21, 2014.
The following areas have been updated on the new life insurance application:
- Page one – bullet six and nine – we removed ALL CREDIT CARD references
- Page three:
- We added the new option for FG Life-Choice® – S&P 500® Index One-Year Annual Point-to-Point rate with a cap, 3% minimum guaranteed interest rate
- In the credit card block we added: NO LONGER OFFERED
- Page seven we added:
- I (We) understand that Fidelity & Guaranty Life Insurance Company or our reinsurer(s) may make a brief report thereon to MIB, a not-for-profit membership organization of life insurance companies which operates an information exchange on behalf of its members. If you apply to another MIB Member company for life or health insurance coverage, or a claim for benefits is submitted to such a company, the MIB, upon request, will supply such company with the information in its file.
- We changed the FGL city from Baltimore, MD to Des Moines, IA.
Please click below to read the full transition rules for the new life application including a grid showing form number by state. Our agent portal SalesLink will be updated with the new product application by October 31, 2014.
Please contact us directly at salesdesk@fglife.com with any additional questions.
Sincerely,
The FGL Life Team
