Fidelity & Guaranty

Fidelity & Guaranty Life Insurance Company (F&G) was founded in 1959. F&G began by selling traditional term life insurance policies and eventually expanded to offer annuities in 1998.

In 2020, F&G became a subsidiary of Fidelity National Financial, Inc., a Fortune 500® company that sells title insurance and settlement services in the real estate and mortgage industries. Today, F&G offers life insurance and annuity products that have protected over 700,000 people nationwide.

Before purchasing an annuity, it’s important to check the financial strength ratings of the annuity provider you’re considering. These scores, also called credit ratings, are issued by independent agencies aiming to help consumers determine the health of an insurance company before investing with them. Since each score is a testament to the financial stability of the company, you want to look for a provider that holds high ratings.

F&G has received strong financial strength ratings from all four of the major credit rating agencies. These ratings characterize the company as having strong financial stability and a reasonable expectation of meeting its ongoing insurance obligations.

F&G’s offerings include three types of annuity products: immediate annuities, fixed indexed annuities and multi-year guaranteed annuities.

An immediate annuity differs from other types of annuities in that it does not have an accumulation period. As soon as you pay the premium to purchase the annuity, that money is converted into a stream of income payments that can be paid out immediately.

F&G offers a single premium immediate annuity (SPIA) named the FG Immediate-Income® annuity. When purchasing this product, annuity holders have six options for receiving their income payments. Holders can choose to receive guaranteed income payments for a fixed period or for life. They can also choose another annuitant to receive payments at the same time as the annuity holder or after the holder’s death.

Customers who want greater returns on their savings over time might prefer one of F&G’s fixed indexed annuities (FIAs). These annuities earn a fixed minimum interest rate, plus additional interest based on the growth of an equity market index the contract is tied to.

F&G’s fixed indexed annuities offer downside protection along with growth potential, so your money can benefit from strong market growth while simultaneously being protected from market losses.

FIA holders have the option to purchase an additional feature called a Guaranteed Minimum Withdrawal Benefit (GMWB) rider. The GMWB allows you to withdraw a certain percentage of your contract’s value each year no matter how the index your annuity is tied to performs that year. Purchasing this rider can help mitigate some of the risks associated with the FIA product.

A multi-year guaranteed annuity (MYGA) is a type of fixed annuity that accumulates interest at a fixed rate for a certain number of years. For investors looking for a more conservative way to grow savings for retirement, F&G offers a MYGA under the FG Guarantee-Platinum® Series.

The FG Guarantee-Platinum® Series offers three annuity options with varying interest rate guarantee periods: three years, five years and seven years. The longer the guarantee period is, the higher your interest rate for that period will be. When the guarantee period is up, you can either renew your contract for the same period length or withdraw your money penalty-free within 30 days of the end of the guarantee period.

F&G customers can sign up for an e-newsletter that covers important news related to the company’s life insurance and annuity products. Policyholders can also find answers to frequently asked questions on the company’s website.

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