Fidelity & Guaranty Life recently announced changes to the GMWB/EGMWB roll-up rates for Safe Income Plus®, Prosperity Elite® series, Income and WealthBuilder® series, FG AccumulatorPlus® series, FG Index-Choice 10® and Performance Pro®. These changes are in addition to earlier changes made for Income & WealthBuilder as well as Prosperity Elite, Safe Income Plus and FG AccumulatorPlus.
What Are the Changes?
The following updates are being made:
Product
Current Roll-up
Revised Roll-up
Safe Income Plus
7.00%
6.50%
Prosperity Elite series
7.00%
6.50%
Income and WealthBuilder series
7.00%
6.50%
FG AccumulatorPlus series
7.25%
6.75%
FG Index-Choice 10
6.50%
6.00%
Performance Pro
4.00% + add-on rate
3.50% + add-on rate
Transition Rules
For the above roll-up rate changes, applications must be in good order and funded on or before April 29, 2015 to receive the current version of the product.
Training Addendums
As a result of the previously announced EGMDB/GMDB simple interest roll-up rate for Prosperity Elite and the vesting premium bonus change for Safe Income Plus, you are now required to read and understand the new training addendums. Please click here to download the addendums.
More Information
Click below to download our dedicated flier or contact us directly at salesdesk@fglife.com with any additional questions.
"FGL" when used herein, is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York and, in New York only, Fidelity & Guaranty Life Insurance Company of New York. Each Fidelity & Guaranty Life company is solely responsible for its contractual commitments. Fidelity & Guaranty Life Insurance Company, Des Moines, IA.
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Fidelity & Guaranty Life Insurance Company Two Ruan Center, 601 Locust Street, 14th Floor Des Moines, IA 50309
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