We’re happy to announce that, effective today, we’re increasing street-level commissions up to 50 basis points across all age bands on F&G accumulation-focused fixed indexed annuity (FIA) products.
Additionally, we updated first and second age bands on Heaped and Trail commission options. The new age band structure, and corresponding increase levels, are as follows:
0-70 now 0-75, up 50 bps across all accumulation products
71-80 now 76-80, up 25/50 bps depending on product
81-85 (no change), up 25 bps across all accumulation products
New Commission Amounts
Street-level commission and age band changes are indicated in green in the product-specific tables below.
FG AccumulatorPlus® 10, F&G Power Accumulator® 10, F&G Flex Accumulator®
Age Band
0-75
76-80
81-85
Street-Level Commission
7.00%
4.75%
3.50%
F&G Dynamic Accumulator®1
Age Band
0-75
76-80
81-85
Street-Level Commission
6.50%
NA
NA
1The max issue age is 75 for Dynamic Accumulator
FG AccumulatorPlus® 7 and F&G Power Accumulator® 7
Age Band
0-75
76-80
81-85
Street-Level Commission
5.00%
4.00%
3.00%
Please Note:
Rates apply to new business signed on May 23 or later.
Rates do not apply to pending business.
Requests to reissue previously issued contracts will not be honored.
Don’t Forget! 2022 Power Producer Commission Bonus Plan
F&G’s Commission Bonus Plan provides you with a simple, straightforward opportunity to earn basis points on total annual premium based on your calendar-year production. Learn more — and view the production thresholds — here.
For financial professional use only. Not for use with the general public.
“F&G” is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
The Commission Bonus Plan (“Plan”) is a bonus plan for eligible appointed agents of Fidelity & Guaranty Life Insurance Company (“Company”). Eligible appointed agents include individuals who represent the Company as writing agents working directly with the customer and not with respect to business written as an upline agent. Additionally, agents appointed under a bank or broker dealer are not eligible. This is an overview of the Plan, which remains subject to terms and conditions promulgated by the Company. The Company retains the right to remedy any ambiguities and resolve any disputes relating to the Plan, and to amend or terminate the Plan at any time.
22-0528
Fidelity & Guaranty Life Insurance Company, 801 Grand Ave, Suite 2600, Des Moines, IA 50309
