The following product updates apply to any Prosperity Elite® series and Safe Income Plus® applications that are not funded and in good order prior to January 14, 2015. To receive the current version of these products, your pending annuity must be issued by January 13, 2015.
Prosperity Elite 7*
- Enhancement package
- The charge for the Guaranteed Minimum Death Benefit (GMDB) rider will change to 50 bps
- Protection package
- The charge for the Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) rider will change to 80bps
- The charge for the Enhanced Guaranteed Minimum Death Benefit (EGMDB) rider will change to 50 bps
Prosperity Elite 10*
- Enhancement package
- The vesting premium bonus will change to 3% for issue ages 0-75 and 1.5% for issue ages 76+
- The charge for the GMDB rider will change to 50 bps
- Protection package
- The vesting premium bonus will change to 6% for issue ages 0-75 and 3% for issue ages 76+
- The charge for the EGMWB rider will change to 80bps
- The charge for the EGMDB rider will change to 50 bps
Prosperity Elite 14*
- Enhancement package
- The vesting premium bonus will change to 4% for issue ages 0-75 and 2% for issue ages 76+
- The charge for the GMDB rider will change to 50 bps
- Protection package
- The vesting premium bonus will change to 7% for issue ages 0-75 and 3.5% for issue ages 76+
- The charge for the EGMWB rider will change to 80bps
- The charge for the EGMDB rider will change to 50 bps
Safe Income Plus
- The vesting premium bonus will change to 7%
- The payout percentages will change to:
| Annuity Age |
50 |
55 |
60 |
65 |
70 |
75 |
80 |
85 |
90+ |
| Single Annuitant |
3.40% |
3.90% |
4.40% |
4.90% |
5.40% |
5.90% |
6.40% |
6.90% |
7.40% |
| Joint Annuitant |
2.70% |
3.20% |
3.70% |
4.20% |
4.70% |
5.20% |
5.70% |
6.20% |
6.70% |
Please click below to download our flier or contact us directly at salesdesk@fglife.com with any additional questions.
