Fidelity and Guaranty FG Guarantee Platinum 5 Annuity Review

fixed deferred annuity fidelity guarantee

The Fidelity & Guaranty FG Guarantee Platinum 5 Annuity is a fixed interest deferred annuity that provides compounded, tax-deferred growth for 5 years. Your interest rate is determined at contract issue and does not change during the guaranteed period. F&G also offers a 7 year rate guarantee and a 3 year rate guarantee.

FG Guarantee Platinum Annuity Highlights:

Frequently Asked Questions About the FG Guarantee Platinum Annuity:

Q: Does the interest compound?
A: Yes.

Q: Is the interest taxed?
A: The interest you leave in the account grows tax-deferred until you withdraw it. That interest is not taxed within the annuity. This is an advantage over interest you earn on a bank CD which is taxed each year even if you leave it in the CD.

Q: Are there any fees?
A: No. There are no upfront sales charges or ongoing maintenance fees.

Q: Is it FDIC insured?
A: No. FDIC insurance is only for bank deposits. Fixed annuities are guaranteed by the issuing insurance company.

Q: How do I get at my money?
A: You can setup monthly withdrawals of interest starting in the first month.

Q: What are the early surrender charges?
A: The early surrender charges only apply to withdrawals which are greater than the annual accrued interest amount. You can always withdraw the annual accrued interest penalty-free. If surrender charges apply, they start at 9% and decline to 0% after the 5th year. The schedule is 9%, 8%, 7%, 6% , 5%, 0%

Q: If I withdraw more than the penalty-free amount, will a Market Value Adjustment (MVA) be applied?
A: Yes. You can read more about market value adjustments here.

Q: What happens after the initial 5 year rate guarantee period?
A: You have a 30 day window to do whatever you want with the full cash value any penalties. You can remove all of it or let your cash balance roll over into a new 5 year rate guarantee period.

Q: What happens to the money in my account if I die?
A: Your beneficiaries will receive the full account value.

Q: How do I apply?
A: You can apply online. Start by calling 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.

Q:What is the minimum premium?
A:$20,000

Q:Are there any age restrictions?
A:Yes. You can purchase this annuity up to age 90. In some states the age requirements may differ.

Q:In which states is the FG Guarantee Platinum 5 available?
A: The FG Guarantee Platinum 5 annuity is not available in all states. Call 800-872-6684 to find out if it's available in your state.

To review the FG Guarantee Platinum annuity with an agent or to receive a free personalized illustration call 800-872-6684 or fill in the "Get My Free Quote" form in the upper right section of this page.

Read more about the Fidelity and Guaranty FG Guarantee Platinum Annuity on the Fidelity and Guaranty site

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