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December 19, 2018

Accelerator Plus 10 (Older Ages)

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FIA with Premium Bonus and required EGMWB Rider (Older Ages)
First Year Rate
4.03%
Base Rate
1.50%
Commission*
Blurred commission%
  • 1 Fixed Bucket, 8 Index Buckets to choose from
  • 10 year surrender
  • Penalties Waived at Death of Policyowner
  • EGMWB Rider is included for an additional charge

* (76-80) issues to age 85
Fixed Bucket
1st YearBaseGuar. Yrs.Min. Guar.MVAEffective
Fixed Account 4.03%1.50%11.00%Yes6/1/2018
Index BucketsShow All Buckets
Participation Cap Asset Fee Effective
This product has 7 additional buckets. Click here to show.
Product Features
Premium Bonus
Year 1
• 
2.50%
Vesting Schedule 10-20-30-40-50-60-70-80-90-100%
Rate Protection 60 days from the date the application is received by the home office.
Issue Ages
Ages 76‑85
• 
NQ, Q
Minimum Premium
$10,000 Initial $2,000 Flexible
• 
NQ, Q
Maximum Premium $1 Million for EIA products, $600,000 for Fixed products without prior home office approval.
Surrender Charges
10 Years:
9-9-8-7-6-5-4-3-2-1-0%
Withdrawals 10% of AV after year 1
Systematic withdrawals available on a monthly, quarterly or semi-annual basis. Up to 4 non-systematic withdrawals allowed per year.
Required Distribution Penalties are waived when the RMD amount exceeds the penalty-free withdrawal amount.
Annuitization Annuitization is based on the Surrender Value.
Death Benefit Penalties Waived at Death of Policyowner
Total account value or MGSV (whichever is greater) paid at death no surrender charges or MVA.
(Partial Index Credit, if applicable, paid up to the date of death)
Minimum Guarantee
Years 1-10
• 
1% on 87.5% of Premium
Commission
Ages 76‑80
• 
NQ, Q
• 
Blurred commission%
• 
Effective: 2/12/2018
Ages 81‑85
• 
NQ, Q
• 
Blurred commission%
• 
Effective: 2/12/2018
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
Home Health Care Rider
If you require Home Health Care Services by a licensed Home Health Care provider as a result of being impaired in performing two out of six activities of daily living as outlined in your contract, and such care begins at least one year after the annuity's effective date, surrender charges will be waived on withdrawals made while you are impaired.
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.
Income
EGMWB
Protection Against Impairment
Enhanced Guaranteed Minimum Withdrawal Benefit (EGMWB) Rider includes a valuable feature that guarantees a higher guaranteed income stream while impaired and the account value is more than zero. If your client is a single annuitant, the enhanced guaranteed withdrawal payment will be 2 times the standard guaranteed withdrawal payment. If your clients are joint annuitants, the enhanced guaranteed withdrawal payment will be 1.5 times the standard guaranteed withdrawal payment.
In order to receive the enhanced guaranteed withdrawal payments, the annuitant must be certified by a physician as impaired and expected to be permanently unable to perform at least two out of six activities of daily living (ADLs) as outlined in the contract. ADLs include eating, bathing, dressing, transferring, toileting, and continence. Care for the related impairment must be received by a licensed professional. To qualify for this benefit all of the following conditions must apply:
• The contract must be in force for a minimum of three years with no premiums paid for at least three years.
• Impairment begins at least 1 year after the contract date of issue
• The annuitant is age 60 or older,
• The annuitant must be a U.S. resident on the approval date and;
• Must meet ADL guidelines listed above.
If impairment conditions cease or if the account value has been reduced to $0, the owner can continue guaranteed minimum withdrawl payments at the original level of 100%.

You may only terminate the EGMWB Rider after it has been in effect for at least 10 years. If you terminate it, the rider charges will cease.
Income Rider Features
Roll-Up Rate: 5.00%
Roll-Up Years: 10
Cost (Based on Income AV): 0.80%
Minimum Start Age: 50
Minimum Deferral: 1 Year
Withdrawal Percentages
AgesSingleJoint
50‑543.50%3.00%
55‑594.00%3.00%
60‑644.50%4.00%
65‑695.00%4.00%
70‑745.50%5.00%
75‑796.00%5.00%
80‑846.50%6.00%
85+7.00%6.00%
Carrier Details
Fidelity & Guaranty is rated A- (Excellent) with A.M. Best and is domiciled in MD. As of 11/20/2018 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.
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