FGL Updates Income and WealthBuilder FIA
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PRODUCT NEWS   /   ANNUITY PRODUCTS
FGL Updates Income and WealthBuilder® FIA
FGL Product News
Fidelity & Guaranty Life Updates Vesting Premium Bonus and Payout Percentages for Income and WealthBuilder

Effective with the July 1, 2015 buy date, Fidelity & Guaranty Life will update both the vesting premium bonus and the payout percentages for the optional Guaranteed Minimum Withdrawal Benefit (GMWB) Rider. These changes apply to the Income and WealthBuilder 7 and 10 fixed indexed annuities.

 

What Are the New Vesting Premium Bonuses?

Income and WealthBuilder 7

  • The vesting premium bonus will change to:
    • 4% for ages 0-75
    • 2% for ages 76+

Income and Wealthbuilder 10

  • The vesting premium bonus will change to:
    • 6% for ages 0-75
    • 3% for ages 76+

 

What Are the New Payout Percentages?

The payout percentages for Income and WealthBuilder 7 and 10 will be: 

Annuity Age 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85+
Single Annuitant 3.35% 3.85% 4.35% 4.85% 5.35% 5.85% 6.35% 6.85%
Joint Annuitant 2.85% 2.85% 3.85% 3.85% 4.85% 4.85% 5.85% 5.85%

 

Transition Rules
  • Contracts issued and funded on or after June 19, 2015 will get the updated rates provided above

 

More Information

Click below to download our dedicated flier or contact us directly at salesdesk@fglife.com with additional questions.

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Form Number: API-1018 (06-11), ACI-1018 (06-11); et al. Form number and availability may vary by state.

"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

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