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Product Details
Prosperity Elite 7 Protection
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Product Name
Prosperity Elite 7 Protection
Annuity Type
FIA
Issuing Insurance Company and Ratings
Fidelity & Guaranty Life Insurance Company
Ratings
Product Information
The Prosperity Elite 7 Protection is a Flexible Premium Fixed Indexed Deferred Annuity with a @scyear@-year surrender charge period and a market value adjustment provision. The Protection Package includes a premium bonus that vests over time and two riders: an Enhanced Guaranteed Minimum Withdrawal Benefit Rider (“EGMWB Rider”) and an Enhanced Guaranteed Minimum Death Benefit Rider (“EGMDB Rider”). The Policy is primarily intended for customers seeking a long-term retirement savings vehicle. The Protection Package is provided with an additional charge, the primary purpose is for customers who wish to trigger a lifetime withdrawal feature provided under the EGMWB Rider as well as a focus on a death benefit for loved ones.
Key Features
Premium Types: Flexible for Life of the Product
Minimum Premium: Min Single Premium: 10,000
Maximum Premium: 1,000,000
Free Look Period: 19 Days
Rate Lock Period: 60 Days
Tax-Qualified: IRA, NonQual, SEP IRA, TSA 403b, IRA-Roth
Rates
Effective Date: 14/11/2025
Initial Guarantee Period: Fixed Rate 1 Year
Next Change: N/A
Premium Amount: $100,000 - See Notes (High-Band)
3 Year Guarantee Period Annual Yield:
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Premium Amount: Min Single Premium: 10,000 - 1,000,000
Current
1 Year Guarantee Period Annual Yield:
3.75%
Interest rate start of year 1 through end of year 1:
3.75%
Accumulation Value (assuming no withdrawals)
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Cases over $1 million, we [F&G] reserve the right to review.
Interest rate start of year 1 through end of year 3:
Current
4.05%
4.05%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
State Approvals
Not available in GU NY VI
Withdrawal Provisions
First Year Withdrawals: No
Withdrawal Years 2+: 10%
Wait Period Interest Only : 1 Year
Withdraw from the accumulation Value After : One Year
Minimum Policy Value : $2,000
Withdrawl Calculated On: Accumulation
Date For Calculation: Issue
Systematic Withdrawl: Yes
Min Withdrawl Amount: $500
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Owner: 85, Annuitant: 85
Premium Limits: Cases over $1 million, we [F&G] reserve the right to review.
State Restrictions: Option 2 Unavailable for states: AK, AL, ID, MN, MS, MT, OR, PA, PR, and WA.
