Your premium grows with a rate of interest that F&G guarantees at the outset for each 3-year period.
At the end of each 3-year period, you will have a choice to withdraw any amount of funds within 30 days, withdraw the full value of your account or automatically renew into a new 3-year period. If you renew, a new rate of interest will be fixed, and a new surrender charge period will begin.
You may withdraw your money. Withdrawals of principal incur withdrawal charges; withdrawals of earnings do not.
The growth of your savings is tax-deferred (you pay taxes only when you withdraw your earnings).
On the annuity date of the contract, you have the option of turning your annuity into guaranteed payments for life.
You’ll have full access to your account for unexpected health care costs, namely qualifying nursing home care, or in the event of terminal illness. This benefit applies to conditions that arise one year or more after the contract begins.
From day one you have a death benefit for peace of mind.
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Subject to state availability. Certain restrictions may apply. Contracts issued by Fidelity & Guaranty Life Insurance Company of New York, New York, NY. Before purchasing, consider your financial situation and alternatives available to you. Your F&G financial professional can help you determine the most suitable alternative for your goals and needs.
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.
It is important to note that when the declared participation rate is greater than 100% and the index change percentage at the end of the index term period is 0 or negative, no index interest credits will be applied to the account value. Please see the Statement of Understanding for a detailed explanation.