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Product Details
FG Immediate-Income
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Product Name
FG Immediate-Income
Annuity Type
SPIA
Issuing Insurance Company and Ratings
Fidelity & Guaranty Life Insurance Company
Ratings
Product Information
Guaranty Income Plan is a single premium immediate annuity (SPIA) designed to convert retirement savings into income free from market risk. Guaranty Income Plan can convert retirement savings accumulated from CDs, mutual funds and other investments into guaranteed income your clients cannot outlive.
Key Features
Premium Types: Single
Minimum Premium: 10,000
Maximum Premium: 1,000,000
Free Look Period: 10 Days
Rate Lock Period: 60 Days
Tax-Qualified: IRA, NonQual, SEP IRA, TSA 403b, IRA-Roth, Inherited IRA
Rates
Initial Guarantee Period: N/A
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%
Accumulation Value (assuming no withdrawals)
Deposit Amount: $
Premium Amount: $100,000 - See Notes (Low-Band)
Lifetime payout max issue age 89. Lifetime Payouts issue ages 0-79 max premiums in excess of $500,000. Not to exceed $750,000. Lifetime Payouts issue ages 80-89 max premiums in excess of $250,000. Not to exceed $750,000.
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 MS NY PA PR VI
Withdrawal Provisions
First Year Withdrawals: No
Withdrawal Years 2+: Interest Only
Wait Period Interest Only : –
Withdraw from the accumulation Value After : End of Term
Minimum Policy Value : –
Withdrawl Calculated On: Accumulation
Date For Calculation: Contribution
Systematic Withdrawl: No
Min Withdrawl Amount: –
Cumulative Free Withdrawl: No
Eligibility & Restrictions
Age Limits(Owner and Annuitant): Non-Qual: 0-89 – Life Contingency, 0-100 – Certain Only; Qualified: 18-89 – Life Contingency, 18-100 – Certain Only
Premium Limits: Lifetime payout max issue age 89. Lifetime Payouts issue ages 0-79 max premiums in excess of $500,000. Not to exceed $750,000. Lifetime Payouts issue ages 80-89 max premiums in excess of $250,000. Not to exceed $750,000.
State Restrictions: Accelerated Benefit Rider not available in: CT, DC, MA, NJ, NY, TX. Medicaid Waiver Endorsement not available in: KS, Nj, NY, OH.
