Fidelity & Guaranty Life to Change GMWB for Safe Income Plus Fixed Indexed Annuity
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ANNUITY PRODUCT UPDATES   /   SAFE INCOME PLUS
FGL Updates Safe Income Plus®
FGL Agent Training Update
Fidelity & Guaranty Life to Change GMWB for Safe Income Plus® Fixed Indexed Annuity

Fidelity & Guaranty Life, like many other carriers, will be updating reserve requirements in January 2016. In order to prepare for this, we will be making changes to the Safe Income Plus Enhanced Guaranteed Minimum Withdrawal Benefit (GMWB) Rider effective December 19, 2015.
What are the Specific Changes?

New GMWB/EGMWB Rider Charge: 1.05%

New GMWB/EGMWB Payout Factors:

  Age 55 Age 60 Age 65 Age 70 Age 90+
Single Annuitant 3.75% 4.25% 4.75% 5.25% 7.25%
Joint Annuitant 3.05% 3.55% 4.05% 4.55% 6.55%
Payout percentages increase by 0.10% each year to age 90
Business Transition Rules
  • Applications issued by December 18, 2015 will receive the current version of Safe Income Plus
  • Applications issued December 19, 2015 and after will receive the updated version of Safe Income Plus
More Information

Please click below to download our dedicated flier or contact us directly at salesdesk@fglife.com with any additional questions.
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"FGL" when used herein 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

Form numbers: ACI-1018 (06-11), API-1018 (06-11), ARI-1064 (11-13), ACI-1064 (11-13); et al.
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NOT FOR USE IN SOLICITATION TO CONSUMERS.
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