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October 18, 2018

FG Guarantee-Platinum 5

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3.70% Guaranteed 5 years!
Interest Rate
3.70%
Guaranteed
5 Yrs
Commission
Blurred commission%
(0-79) issues to age 90
  • Online Application Only - Log on to www.fglife.com
  • Immediate Interest Only Withdrawals
  • Penalties Waived at Death, $20,000 Minimum Premium

Important: Be sure to complete training for the exact product you are selling (ie. FG Guarantee-Platinum 3, 5 & 7) PRIOR to soliciting new business.
MYGA Bucket
1st YearBaseGuar. Yrs.MYGA YieldMin. Guar.MVAEffective
3.70%3.70%53.70%1.00%No10/15/2018
Product Features
Rate Protection 60 days from the date the application is received by the home office.
Issue Ages
Ages 0‑90
• 
NQ, Q
Minimum Premium
$20,000
• 
NQ, Q
EApp Only
Maximum Premium $1 Million for EIA products, $600,000 for Fixed products without prior home office approval.
Surrender Charges
5 Years:
9-8-7-6-5-0%
A new set of surrender charges apply for a subsequent guarantee period. Surrender charges will end after 10 contract years. See Certificate Of Application for details.
Withdrawals Interest Only
A maximum of 4 interest only withdrawals may be taken annually.
Required Distribution Penalties are waived when the RMD amount exceeds the penalty-free withdrawal amount.
Annuitization Penalties and MVA are waived
Death Benefit Penalties Waived at Death
Commission
Ages 0‑79
• 
NQ, Q
• 
Blurred commission%
• 
Effective: 11/28/2016
Ages 80‑90
• 
NQ, Q
• 
Blurred commission%
• 
Effective: 11/28/2016
Commission Notes Commissions paid Daily or Weekly via EFT. Weekly via paper check.
Commission Chargeback 100% in year 1, 50% in year 2 on full surrenders, and partial surrenders which exceed the free amount. 100% in year 1 on death.
CHARGEBACKS ON EARLY ANNUITIZATIONS: If the annuitization of the Deferred Contract is within the commission chargeback period, 100% commission will be chargeback * If the annuitization is after the commission chargeback period, there is no chargeback.
Riders
Illness
Nursing Home Waiver
If the owner is confined to a licensed nursing home for more than 60 days beginning after the first year of the annuity, F&G Life will not deduct a surrender charge from the account value upon a full or partial surrender.
Terminal Illness Waiver
If, after the first year of the annuity, the owner is diagnosed by a licensed physician as having an illness or condition resulting in a life expectancy of less than one year, F&G Life will not deduct a surrender charge from the account value upon a full or partial surrender.
Unemployment
Unemployment Waiver
(Issue Ages: 0-64)
If the owner is under age 65 and becomes unemployed after the annuity is issued, and remains unemployed for at least 30 days, F&G Life will not deduct a surrender charge from the account value upon a full or partial surrender while the owner is unemployed.
Carrier Details
Fidelity & Guaranty is rated B++ Good with A.M. Best and is domiciled in MD. As of 9/30/2017 Fidelity & Guaranty has $22 billion in assets, a 93% investment grade bond portfolio, and $1.3 billion in capital, surplus, and AVR. The company was first incorporated in 1959.
Contact Us
Phone:954.476.2505
Toll Free:800.327.1460
Fax:954.476.0051
Fairlane Financial Corp.
1200 S Pine Island Rd Ste 100
Fort Lauderdale, FL 33324
Interest Rates, Participation Rates, Caps, Fees, and Commissions are shown here for comparative purposes only. We will not be held responsible for typographical errors or changes that might occur. Please consult your Agent Commission Schedule and Rate Notices.
This material is for agent use only and is not intended to be used for soliciting annuity sales from the public.
Copyright © 2018 Fairlane Financial Corp., all rights reserved.