NU Online News Service, Dec. 17, 9:41 a.m. – Fidelity & Guaranty Life Insurance Company, Baltimore, is introducing the Loyalty Rewards and Index Rewards annuities, two annuity contracts in its new Equity Indexed Annuity Rewards Series family of annuities.
The Loyalty Rewards annuity is a flexible-premium deferred indexed annuity that employs a 12% “account value escalator.” The escalator feature adds 1% per year to the account value for 12 years.
The Index Rewards annuity is a single-premium deferred indexed annuity that offers a shorter surrender charge schedule and a guaranteed 3% annual minimum guaranteed surrender value.
Both annuities give purchasers a choice of five variable investment options and one fixed option.
F&G is a unit of Old Mutual P.L.C., London.