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Experience the potential benefits of diversification

The well-worn advice to not put all of your eggs in one basket has stuck around all these years — for good reason. Diversification in your retirement solution can have real value. Thanks to the variety of indexed interest crediting options we offer, you have a number of diversification possibilities, no matter which product you choose. 

Explore the index crediting options for your F&G product.*

*Not all index crediting options are available on all products.

Morgan Stanley US Equity Allocator Index

Ticker symbol: MSUSMSUA

Targets 12% annualized volatility by adjusting its allocation on an intraday and end-of-day basis.

Performance History

Price return of Morgan Stanley US Equity Allocator Index since 2014 10-year average return: 5.16%


The table above shows historical performance of the Morgan Stanley US Equity Allocator Index over the past 10 years. The index was live on November 22, 2023. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Backtested performance is hypothetical and provided for information purposes only. Indexed products do not directly participate in any stock or equity investments. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index. The closing price does not include the receipt and reinvestment of dividends and distributions.

About the Index

  • Provide exposure to 100% U.S.-based equities
  • Use a proprietary momentum signal to determine the allocation betweena its two components, U.S. Large Caps and U.S. Tech
  • Adjust exposure multiple times over the course of a day and at the end of the day
  • Have the highest volatility target amongst the options available from F&G, allowing for relatively larger swings in value of underlying assets, increasing upside potential

Composition

The index is comprised of U.S. Large Caps represented by the S&P 500 and U.S. Tech equities represented by the Nasdaq-100®.

BlackRock Market Advantage Index™

Ticker symbol: BMADVVCX

A diversified portfolio with daily volatility-control to help mitigate risk.

Performance History

Price return of BlackRock Market Advantage Index since 2014 10-year average return: -0.33%


The table above shows historical performance of the BlackRock Market Advantage Index over the past 10 years. The index was live on January 31, 2023. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Back-tested performance is hypothetical and provided for information purposes only. Indexed life insurance does not directly participate in any stock or equity investments. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index. The closing price does not include the receipt and reinvestment of dividends and distributions.

About the Index

  • BlackRock Market Advantage Index allocates to equities, fixed income and commodities, and is designed to deliver a diversified portfolio with daily volatility-control to help mitigate risk.
  • It seeks to deliver better risk-adjusted returns than a traditional multi-asset class index by diversifying across five key macroeconomic components that drive returns across seemingly disparate asset classes.
  • The index manages to a 6% Target Volatility and allows for up to 125% exposure.
  • Index constituents include iShares® ETFs, the iShares S&P GSCI Commodity-Indexed Trust and cash.
  • The index tracks the return of the weighted constituents, above the sum of the return on the interest rate and the index fee.

What makes it stand out?

  • Diversifies differently
    The index’s macroeconomic approach looks through asset classes to the underlying key drivers to maximize diversification and benefit from many sources of return.
  • All-weather design
    Inspired by a BlackRock® institutional strategy, the index aims to achieve consistent returns at reasonable levels of risk by diversifying across many sources of return.
  • Emphasis on managing
    downside risk Ongoing dynamic risk control seeks to protect capital during extreme market environments, supported by proprietary risk analytics.
  • Liquid and cost effective
    portfolio construction Index exposures are implemented with liquid and cost-effective iShares traded in deep, public markets.

Barclays Trailblazer Sectors 5 Index

Ticker symbol: BXIITBZ5

Aims to provide stable returns through a dynamic portfolio that provides exposure to a diversified range of US stocks, bonds and cash.

Performance History

Price return of Barclays Trailblazer Sectors 5 Index since 2014 10-year average return: 1.06%


The table above shows historical performance of the Barclays Trailblazer Sectors 5 Index over the past 10 years. The index was live on November 30, 2015. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Back-tested performance is hypothetical and provided for information purposes only. Indexed life insurance does not directly participate in any stock or equity investments. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index. The closing price does not include the receipt and reinvestment of dividends and distributions.

About the Index

  • Provide stable returns and target a 5% volatility
  • Reallocate investments as often as on a daily basis to adapt to changing market conditions
  • Track a diversified portfolio of assets with the highest return potential for a given level of risk

Composition

  • 11 U.S. stock sector ETFs, providing exposure to companies in specific sectors of the U.S. equity markets
  • Three U.S. bond ETFs, providing exposure to U.S. treasury bonds, mortgage-backed securities and higher-yield corporate bonds
  • Cash

S&P 500® Index

Ticker symbol: SPX

Widely regarded to be the financial industry’s best single gauge of large-cap US equities.

Performance History

Price return of S&P 500 Index since 2015 10-year average return: 11.07%


The table above shows historical performance of the S&P 500® Index over the past 10 years. Indexed life insurance does not directly participate in any stock or equity investments. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index. The closing price does not include the receipt and reinvestment of dividends and distributions.

About the Index

  • Track the stock performance of 500 largest companies listed on US stock exchanges, covering approximately 80% of available market capitalization
  • Measure the overall health of the equity market
  • Provide an overall index that individuals and investors can track

Composition

The index comprises 503 common stocks which are issued by 500 large-cap companies in 11 sectors (by size): Information technology, healthcare, financials, consumer discretionary, communication services, industrials, consumer staples, energy, utilities, real estate, and materials. The index is rebalanced quarterly.

LBMA Gold Price

Provides certainty to clients seeking minimal risk.

Performance History

Price return of LBMA Gold Price since 2014 10-year average return: 9.41%


The table above shows historical performance of LBMA Gold over the past 10 years. The index was live on September 12, 1919. Indexed products do not directly participate in any stock or equity investments. Historical performance is not indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index.

About the Index

  • Track the global benchmark price for unallocated gold delivered in London via the London Buillion Market Association (LBMA) and administered by ICE Benchmark Administration (IBA) Limited

Composition

The index is exclusively tied to the global benchmark price for unallocated gold.

Dow Jones U.S. Real Estate Daily Risk Control 10% Index

Ticker symbol: DJUSR10T

Provides for diversification relative to the other strategies.

Performance History

Price return of Dow Jones US Real Estate Daily Risk Control 10% Index since 2014 10-year average return: 6.30%


The table above shows historical performance of the Dow Jones U.S. Real Estate Daily Risk Control 10% Index over the past 10 years. The index was live on June 2, 2013. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Back-tested performance is hypothetical and provided for information purposes only. Indexed products do not directly participate in any stock or equity investments. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not) using the closing price of the index. The closing price does not include the receipt and reinvestment of dividends and distributions.

About the Index

  • Dynamically rebalance between the Dow Jones U.S. Real Estate Index and a cash component
  • Maintain a target risk profile of 10%

Composition

The index is comprised of the Dow Jones U.S. Real Estate Index and an interest-accruing cash component.

Balanced Asset 5 Index

Ticker symbol: CIBQB05E

Based on a traditional 60/40 strategy, index uses BlackRock ETFs and targets 5% volatility.

Performance History

Price return of Balanced Asset 5 Index since 2014 10-year average return: 1.33%


The Balanced Asset 5 Index was established on June 29, 2020. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Back-tested performance is hypothetical and provided for information purposes only. A notional financing cost is deducted from each Index component and an Index fee of 0.85% per annum is deducted from the Balanced Asset 5 Index. Indexed life insurance does not directly participate in any stock or equity investments. With respect to the Balanced Asset 5 Index, any data prior to the live date of the Index is purely hypothetical. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated on 12/31 (or next business day if 12/31 is not that calendar year).

About the Index

  • Earn interest based partly on the growth of a strategic mix of equity and fixed-income assets aiming to help reach both short- and long-term investment goals
  • Provide transparent, low-cost diversified exposure
  • Offer a flexible portfolio that can take advantage of market movements and daily liquidity

Composition

This index is comprised of specific BlackRock ETFs:

  • Blackrock iShares Core S&P 500 ETF (IVV)
  • Blackrock iShares 20+ Year Treasury Bond ETF (TLT)

The index portfolio is constructed using the 60/40 allocation to IVV and TLT respectively.

The 60/40 portfolio helps to provide balance in markets high or low, using 60% allocation to equities, 40% allocation to fixed income, and a regular systematic rebalancing of investments.

The index is rebalanced monthly back to 60/40 weights.

Balanced Asset 10 Index

Ticker symbol: CIBQB10E

Like the Balanced Asset 5 Index, the Balanced Asset 10 Index is based on a traditional 60/40 strategy and uses BlackRock ETFs, but it targets 10% volatility providing for potentially higher upside compared to Balanced Asset 5.

Performance History

Price return of Balanced Asset 10 Index since 2014 10-year average return: 1.64%


The Balanced Asset 10 Index was established on August 1, 2019. All index value information shown prior to this date is hypothetical and was determined using the methodology currently used to calculate the Index. Back-tested performance is hypothetical and provided for information purposes only. With respect to the Balanced Asset 10 Index, a notional financing cost is deducted from each Index component and an Index fee of 0.85% per annum is deducted from the Balanced Asset 10 Index. Indexed life insurance does not directly participate in any stock or equity investments. With respect to the Balanced Asset 10 Index, any data prior to the live date of the Index is purely hypothetical. Neither historical nor hypothetical historical performance is indicative of future performance. The returns shown above are calculated based on 12/31 (or next business day if 12/31 is not that calendar year).

About the Index

  • Earn interest based partly on the growth of a strategic mix of equity and fixed-income assets aiming to help reach both short- and long-term investment goals
  • Provide transparent, low-cost diversified exposure
  • Offer a flexible portfolio that can take advantage of market movements and daily liquidity

Composition

This index is comprised of specific BlackRock ETFs:

  • Blackrock iShares Core S&P 500 ETF (IVV)
  • Blackrock iShares 20+ Year Treasury Bond ETF (TLT)

The index portfolio is constructed using the 60/40 allocation to IVV and TLT respectively.

The 60/40 portfolio helps to provide balance in markets high or low, using 60% allocation to equities, 40% allocation to fixed income, and a regular systematic rebalancing of investments.

The index is rebalanced monthly back to 60/40 weights.

“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.

Subject to state availability. Certain restrictions may apply. Optional provisions and riders have limitations, restrictions and additional charges.

Even though contract values may be affected by external indexes, the contract is not an investment in the stock market and does not participate in any stock, bond or equity investments.

Indexed interest rates may be subject to a cap, spread and/or participation rate. These rates are subject to change at the discretion of Fidelity & Guaranty Life Insurance Company.

Morgan Stanley US EQUITY ALLOCATOR Index (the “Index” or “MSUA index”) is the property of Morgan Stanley & Co. LLC. Any product that is linked to the performance of the Index is not sponsored, endorsed, sold or promoted by Morgan Stanley & Co. LLC, or any of its affiliates (collectively, “Morgan Stanley”). Neither Morgan Stanley nor any other party (including without limitation any calculation agents or data providers) makes any representation or warranty, express or implied, regarding the advisability of purchasing any product linked to this Index. In no event shall Morgan Stanley have any liability for any special, punitive, indirect or consequential damages including lost profits, even if notified of the possibility of such damages. The Index is the exclusive property of Morgan Stanley. Morgan Stanley and the Index are service marks of Morgan Stanley and have been licensed for use for certain purposes by fidelity and guaranty life insurance (“licensee”). Neither Morgan Stanley nor any other party has or will have any obligation or liability to owners of this product in connection with the administration or marketing of this product, and neither Morgan Stanley nor any other party guarantees the accuracy and/or the completeness of the Index or any data included therein. No purchaser, seller or holder of this product, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product, without first contacting Morgan Stanley to determine whether Morgan Stanley’s permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley. In calculating the performance of the Index, Morgan Stanley deducts, on a daily basis, a servicing cost of 0.85% per annum. This reduces the positive change or increase the negative change in the Index level and thus decreases the return of any product linked to the Index. The Index applies a bespoke volatility control mechanism to identify changing market conditions using intraday data and stabilize the overall level of risk of the Index. The volatility control calculation applied by Morgan Stanley as part of the Index’s methodology may decrease the Index’s performance and thus the return of any product linked to the Index. In addition, because the volatility control calculation is expected to reduce the overall volatility of the Index, it will also reduce the cost of hedging certain products linked to the Index. Morgan Stanley may transact derivative transactions linked to the Index. Potential purchasers of products linked to this Index should refer to the full offering document for important information concerning such products, including the related risk factors and make their own appraisal of the risks and suitability of such products. NOTE ON SIMULATED RETURNS: Back-testing and other statistical analyses provided herein use simulated analysis and hypothetical circumstances to estimate how the Index may have performed between July 2, 2003, to November 22, 2023, prior to its actual existence. The results obtained from such “back-testing” should not be considered indicative of the actual results that might be obtained from an investment or a product linked to the Index. The actual performance of the Index may vary significantly from the results obtained from back-testing. Unlike an actual performance record, simulated results are achieved by means of the retroactive application of a back-tested model itself designed with the benefit of hindsight and knowledge of factors that may have possibly affected its performance. Morgan Stanley provides no assurance or guarantee that any product linked to the Index will operate or would have operated in the past in a manner consistent with these materials. Calculation based on simulated performance is purely hypothetical and may not be an accurate or meaningful comparison. Past performance (actual or simulated) is not necessarily indicative of future results. Risk Factors: • The level of the Index can go down. The Index components are exposed to various risks and their market price may be influenced by many unpredictable factors. • The Index has embedded costs, including, but not limited to, transaction, futures roll and margin costs. The return of such component and, as a result, the return of the Index will be lower than if there were no associated costs. • The servicing cost of 0.85% per annum will adversely affect the performance of the Index in all cases, whether the Index appreciates or depreciates. The Index includes a servicing cost of 0.85% per annum which is deducted daily from the level of the Index. The level of the Index may decline even if the Index components appreciate. Because of the deduction of the servicing cost, the Index will underperform the performance of an identical index without such a servicing cost feature. • The Index nor any of the components comprising the Index are guaranteed to yield specific results. There can be no assurance that the Index will be successful. • There are risks relating to the volatility target mechanism. The Index’s volatility target mechanism is applied to target an overall level of realized volatility equal to 12% but the realized volatility may be less than or greater than 12% and the volatility target may adversely affect Index performance. The Index may have greater than 100% exposure (up to 175% to the various Index components at any time as a result of the volatility target mechanism, which may exacerbate losses and subsequent deleveraging may increase the time taken to recover from a drawdown event. • There are risks associated with leverage. The Index may utilize leverage to target the 12% volatility level, which is expected to magnify any declines in the level of the Index. • The Index has limited history. The Index was established on November 22, 2023, and therefore has a very limited history. Any investment in an instrument linked to the Index may involve greater risk than an investment linked to an index with longer actual historical performance and a proven track record. Any performance prior to the establishment of the Index has been retrospectively simulated by Morgan Stanley & Co. LLC and is subject to significant limitations. Past performance (actual or simulated) is never a guarantee of future performance. • Investing in an instrument linked to the Index is not equivalent to investing in any underlying instrument linked to S&P 500 Index or any other equity indices or ETFs. There is no actual portfolio of assets to which any person who purchases a product linked to the Index is entitled or has any ownership interest in. Investors in an instrument linked to the Index will not have rights to the underlying futures contracts. • Index may be impacted by extraordinary or disruption events.

Barclays Bank PLC and its affiliates (“Barclays”) is not the issuer or producer of annuity products or life insurance products and Barclays has no responsibilities, obligations or duties to policy owners of annuity products or life insurance products. The Index is a trademark owned by Barclays Bank PLC and licensed for use by Fidelity & Guaranty Life Insurance Company as the Issuer of annuity products and life insurance products. While Fidelity & Guaranty Life Insurance Company as Issuer of annuity products and life insurance products may for itself execute transaction(s) with Barclays in or relating to the Index in connection with annuity products or fixed indexed universal life products. Policy owners acquire annuity products and fixed indexed universal life products from Fidelity & Guaranty Life Insurance Company and policy owners neither acquire any interest in Index nor enter into any relationship of any kind whatsoever with Barclays upon making an investment in annuity products or life insurance products. The annuity products an life insurance products are not sponsored, endorsed, sold or promoted by Barclays and Barclays makes no representation regarding the advisability of the annuity products or life insurance products or use of the Index or any data included therein. Barclays shall not be liable in any way to the Issuer, policy owners or to other third parties in respect of the use or accuracy of the Index or any data included therein. 

For more information about Barclays Trailblazer Sectors 5 index, see http://indices.barclays/trailblazer5.

Volatility/risk control seeks to provide smoother returns and mitigate sharp market fluctuations.  While this type of strategy can lessen the impact of market downturns, it can also lessen the impact of market upturns, potentially limiting upside potential.

The "DJ US Real Estate Daily Risk Control 10% USD Total Return Index" is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and has been licensed for use by Fidelity & Guaranty Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); These trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Fidelity & Guaranty Life Insurance Company. These Annuities and Life Insurance products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the DJ US Real Estate Daily Risk Control 10% USD Total Return Index.

ICE BENCHMARK ADMINISTRATION LIMITED MAKES NO WARRANTY, EXPRESS OR IMPLIED, EITHER AS TO THE RESULTS TO BE OBTAINED FROM THE USE OF THE LBMA GOLD PRICE AND/OR THE FIGURE AT WHICH THE LBMA GOLD PRICE STANDS AT ANY PARTICULAR TIME ON ANY PARTICULAR DAY OR OTHERWISE. ICE BENCHMARK ADMINISTRATION MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE FOR USE WITH RESPECT TO THIS INSURANCE PRODUCT. PRECIOUS METALS LIMITED OWNS THE “LBMA GOLD PRICE” TRADE MARK.

The BlackRock Market Advantage Index is a product of BlackRock Index Services, LLC and has been licensed for use by Fidelity & Guaranty Life. The BlackRock Market Advantage Index does not guarantee future income or protect against loss of principal. There can be no assurance that an investment strategy or financial product based on or in any way tracking the BlackRock Market Advantage Index will be successful. Indexes are unmanaged and one cannot invest directly in an index. The product is not sponsored, endorsed, marketed, sold, or distributed by BlackRock Index Services, LLC, BlackRock, Inc., or any of its affiliates, or any of their respective third party licensors (including the Index calculation agent, as applicable) (collectively, “BlackRock”). BlackRock makes no representation or warranty, express or implied, to the owners of the product or any member of the public regarding the advisability of investing the product or the ability of the BlackRock Market Advantage Index to meet its stated objectives. BlackRock’s only relationship to Fidelity & Guaranty Life with respect to the BlackRock Market Advantage Index is the licensing of the Index and certain trademarks of BlackRock. The BlackRock Market Advantage Index is created, compiled, and calculated by BlackRock Index Services, LLC without regard to Fidelity & Guaranty Life or the product. BlackRock Index Services, LLC has no obligation to take the needs of Fidelity & Guaranty Life or the owners of the product into consideration in calculating the BlackRock Market Advantage Index. BlackRock is not responsible for and has not participated in the determination of the benefits and charges of the product or the timing of the issuance or sale of the product or in the determination or calculation of the equation by which the product is to be converted into cash, surrendered or redeemed, as the case may be. BlackRock has no obligation or liability in connection with the administration of the product. There is no assurance that products based on the BlackRock Market Advantage Index will accurately track index performance or provide positive investment returns. BlackRock Index Services, LLC is not an investment advisor. Inclusion of a security within an index is not a recommendation by BlackRock to buy, sell, or hold such security, nor is it considered to be investment advice. Notwithstanding the foregoing, BlackRock, Inc. and its affiliates may independently issue and/or sponsor financial products unrelated to the product currently being issued by Fidelity & Guaranty Life, but which may be similar to and competitive with the product. In addition, BlackRock, Inc. and its affiliates may trade financial products which are linked to the performance of the BlackRock Market Advantage Index. THE INDEX AND THE INDEX DATA ARE PROVIDED “AS-IS” AND “AS AVAILABLE”. BlackRock DOES NOT GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS AND/OR THE COMPLETENESS OF THE BlackRock Market Advantage Index OR ANY DATA RELATED THERETO OR ANY COMMUNICATION WITH RESPECT THERETO, INCLUDING, ORAL, WRITTEN, or ELECTRONIC COMMUNICATIONS. BlackRock SHALL NOT BE SUBJECT TO ANY DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS, OR DELAYS THEREIN. BlackRock MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES, OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, TITLE, NON-INFRINGEMENT, OR AS TO RESULTS TO BE OBTAINED BY Fidelity & Guaranty Life, OWNERS OF THE PRODUCT, OR ANY OTHER PERSON OR ENTITY FROM THE USE OF THE BlackRock Market Advantage Index OR WITH RESPECT TO ANY DATA contained therein or RELATED THERETO. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL BlackRock BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES INCLUDING, WITHOUT LIMITATION, LOSS OF PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT, STRICT LIABILITY, OR OTHERWISE. THERE ARE NO THIRD PARTY BENEFICIARIES OF ANY AGREEMENTS OR ARRANGEMENTS BETWEEN BlackRock AND Fidelity & Guaranty Life. BlackRock®, BlackRock Market Advantage Index™, and the corresponding logos are registered and unregistered trademarks of BlackRock, Inc. or its subsidiaries. All rights reserved. http://www.blackrock.com/us/marketadvantageindex

The "S&P 500 Index" is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”) and has been licensed for use by Fidelity & Guaranty Life Insurance Company. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); These trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Fidelity & Guaranty Life Insurance Company. These Annuity products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates, and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Index.

The Balanced Asset 10 Index™️ and Balanced Asset 5 Index™️ (the “Indexes”) are the exclusive property of Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce, together with its affiliates, “CIBC”). CIBC has engaged Bloomberg Index Services Limited (“BISL”) to maintain and to make certain calculations related to the Indexes. “Canadian Imperial Bank of Commerce”, “CIBC” and “Index(es)” (collectively, the “CIBC Marks”) are trademarks or service marks of CIBC. CIBC has licensed use of the Indexes and the CIBC Marks to Fidelity and Guaranty Life Insurance Company (“F&G”) for use in one or more fixed indexed annuities offered by F&G (the “Product(s)”). CIBC is not the issuer of the Products and its sole contractual relationship with F&G is to license the Indexes and the CIBC Marks to F&G. CIBC developed the Indexes without considering the needs of F&G or any annuitant. CIBC makes no representation or warranty, express or implied, regarding the Indexes or their development and has no responsibilities, obligations or liabilities with respect to the inception, adjustment, maintenance, operation or calculation of the Indexes.

None of CIBC, BISL or any other third-party licensor (collectively, the “Index Parties”) to CIBC is acting, or has been authorized to act, as an agent of F&G or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Products or provided investment advice to F&G. No Index Party is a fiduciary or agent of any purchaser, seller or holder of any Product, or has made any representation or warranty, express or implied, regarding the advisability of purchasing, selling or holding any Product or the ability of the Indexes to track corresponding or relative market performance. Purchasers of any Product neither acquire any interest in the Indexes nor enter into any relationship of any kind whatsoever with any of the Index Parties. No Index Party guarantees the timeliness, accurateness, or completeness of the Indexes or any data or information relating thereto and shall have no liability in connection with the Indexes or any data or information relating thereto. No Index Party shall have any liability with respect to any Product, nor any liability for any loss relating to any Product, whether arising directly or indirectly from the use of the Indexes, its methodologies or otherwise. The selection of an Index as a crediting option under any Product does not obligate F&G to invest annuity premiums in the components of such Index. Any obligation to invest annuity premiums received under the Products are determined solely by F&G.

BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. (collectively with BISL and their other affiliates, “Bloomberg”). Bloomberg is not affiliated with F&G or CIBC. Bloomberg’s association with CIBC is limited to BISL’s role to act as the administrator and calculation agent of each Index, which are the property of CIBC.

Bloomberg does not guarantee the timeliness, accurateness, or completeness of the Indexes or any data or information relating thereto and shall have no liability in connection with the Indexes or any data or information relating thereto.

In calculating the level of the Balanced Asset 10 index and level of the Balanced Asset 5 index, the index methodology deducts a maintenance fee of 0.85% per year, calculated daily. This fee will reduce the level of each Index and thus the amount of interest, if any, that will be credited to any Product. Furthermore, while the volatility control applied by CIBC as part of the index methodology may result in less fluctuation in rates of return as compared to indexes without volatility controls, it may also reduce the overall rate of return for products referencing one of the Indexes as compared to other indexes not subject to volatility controls.

For more information on the Balanced Asset 10 index, see indices.cibccm.com/CIBQB10E. For more information on the Balanced Asset 5 index, see indices.cibccm.com/CIBQB05E.