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Fidelity & Guaranty Life launches indexed annuity series

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Fidelity & Guaranty Life Insurance Company is now offering Prosperity Elite, a fixed deferred indexed annuity series designed for flexibility and customization.

The product offers six indexed interest-crediting options and a fixed interest option, minimum guarantees, upside potential and a protective floor. Options include riders with an 8% vesting bonus, guaranteed minimum death benefit and a guaranteed minimum withdrawal benefits. Clients can choose 7-, 10- or 14-year durations, and the minimum initial premium is $10,000.

“Prosperity Elite provides agents with an opportunity to deliver highly customized retirement income and liquidity protection solutions to a broad market,” says Brian Grigg, vice president, annuity distribution.

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