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Updated rates from F&G=E2=80=A6get any apps in by Friday to lock in the =
higher rates.
=20
Holler with any questions!
=20
-Sam
From: F&G Updates =20
Sent: Monday, March 2, 2020 1:52 PM
To: swiss@gpis4u.org
Subject: Rate Adjustments for MYGAs and Select FIA Strategies Effective =
March 8
=20
We’re changing rates for MYGAs and select FIA strategies due to current =
economic volatility and challenging market momentum.=20
=09
=09
Dear Financial & Insurance Professional,=20
=20
Rate Adjustments for MYGAs and Select FIA Strategies Effective March 8
Due to current economic volatility and challenging market momentum, =
we’re adjusting rates for MYGAs and select FIA index crediting =
strategies effective March 8, 2020. As a reminder, our special =
compensation for F&G Power Accumulator=C2=AE 7 & 10 has also ended.
What’s changing:
* Interest rates for FG Guarantee Platinum=C2=AE 3, 5 & 7 single premium =
deferred annuities are decreasing
* Index crediting strategies for FIAs are decreasing
What’s staying the same:=20
* Barclays Trailblazer Sectors 5 Index crediting strategies
* F&G Power Accumulator 7 & 10 index crediting strategies including the =
Balanced Asset 10 Index=E2=84=A2
What do I need to know:
* For applications we receive before March 8, we will issue the policy =
with the current rates.
* For applications we receive on or after March 8, we will issue the =
policy with the new rates.=20
* Standard rate lock rules will apply except for cash with application =
FIAs and MYGAs. Please refer to our rate lock procedures.=20
We want you to know that we’re taking a selective and measured approach =
to these changes while doing our best to provide sustainable client =
value. We’ll continue to monitor the economic environment and adjust as =
conditions require.=20
As always, thank you for your business, partnership and support. Click =
below to download our updated rate package or =
contact us with questions.=20
=20
=09
For producers only. Not for use with the general public.
Form Numbers: API-1018 (06-11), ACI-1018 (06-11), FGL SPDA-MY-F-C =
(6-04), FGL SPDA-MY-F (07-04), ICC14-1095 (06-14); et al. Form number =
and availability varies by state.
Barclays Bank PLC and its affiliates (=E2=80=9CBarclays=E2=80=9D) is not =
the issuer or producer of Fixed Indexed Annuities and Barclays has no =
responsibilities, obligations or duties to contract owners of Fixed =
Indexed Annuities. The Index is a trademark owned by Barclays Bank PLC =
and licensed for use by Fidelity & Guaranty Life Insurance Company as =
the Issuer of Fixed Indexed Annuities. Fidelity & Guaranty Life =
Insurance Company as Issuer of Fixed Annuities may for itself execute =
transaction(s) with Barclays in or relating to the Index in connection =
with Fixed Indexed Annuities. Contract owners acquire Fixed Indexed =
Annuities from Fidelity & Guaranty Life Insurance Company and contract =
owners neither acquire any interest in the Index nor enter into any =
relationship of any kind whatsoever with Barclays upon making an =
investment in Fixed Indexed Annuities. The Fixed Indexed Annuities are =
not sponsored, endorsed, sold or promoted by Barclays and Barclays makes =
no representation regarding the advisability of the Fixed Indexed =
Annuities or use of the Index or any data included therein. Barclays =
shall not be liable in any way to the Issuer, contract owners or to =
other third parties in respect of the use or accuracy of the Index or =
any data included therein.
The Balanced Asset 10 Index=E2=84=A2 (the =E2=80=9CIndex=E2=80=9D) is =
the exclusive property of Canadian Imperial Bank of Commerce (Canadian =
Imperial Bank of Commerce, together with its affiliates, =
=E2=80=9CCIBC=E2=80=9D). CIBC has engaged Bloomberg Index Services =
Limited (=E2=80=9CBISL=E2=80=9D) to maintain and to make certain =
calculations related to the Index. =E2=80=9CCanadian Imperial Bank of =
Commerce=E2=80=9D, =E2=80=9CCIBC=E2=80=9D and =E2=80=9CIndex=E2=80=9D =
(collectively, the =E2=80=9CCIBC Marks=E2=80=9D) are trademarks or =
service marks of CIBC. CIBC has licensed use of the Index and the CIBC =
Marks to Fidelity and Guaranty Life Insurance Company =
(=E2=80=9CF&G=E2=80=9D) for use in one or more fixed indexed annuities =
offered by F&G (the =E2=80=9CProduct(s)=E2=80=9D). CIBC is not the =
issuer of the Products and its sole contractual relationship with F&G is =
to license the Index and the CIBC Marks to F&G. CIBC developed the Index =
without considering the needs of F&G or any annuitant. CIBC makes no =
representation or warranty, express or implied, regarding the Index or =
its development and has no responsibilities, obligations or liabilities =
with respect to the inception, adjustment, maintenance, operation or =
calculation of the Index. For more information on the Balanced Asset 10 =
index, see indices.cibccm.com/CIBQB10E/.
None of CIBC, BISL or any other third-party licensor (collectively, the =
=E2=80=9CIndex Parties=E2=80=9D) to CIBC is acting, or has been =
authorized to act, as an agent of F&G or has in any way sponsored, =
promoted, solicited, negotiated, endorsed, offered, sold, issued, =
supported, structured or priced any Products or provided investment =
advice to F&G. No Index Party is a fiduciary or agent of any purchaser, =
seller or holder of any Product, or has made any representation or =
warranty, express or implied, regarding the advisability of purchasing, =
selling or holding any Product or the ability of the Index to track =
corresponding or relative market performance. Purchasers of any Product =
neither acquire any interest in the Index nor enter into any =
relationship of any kind whatsoever with any of the Index Parties. No =
Index Party guarantees the timeliness, accurateness, or completeness of =
the Index or any data or information relating thereto and shall have no =
liability in connection with the Index or any data or information =
relating thereto. No Index Party shall have any liability with respect =
to any Product, nor any liability for any loss relating to any Product, =
whether arising directly or indirectly from the use of the Index, its =
methodology, or otherwise. The selection of the Index as a crediting =
option under any Product does not obligate F&G to invest annuity =
premiums in the components of the Index. Any obligation to invest =
annuity premiums received under the Products are determined solely by =
F&G.
BLOOMBERG is a trademark and service mark of Bloomberg Finance L.P. =
(collectively with BISL and their other affiliates, =
=E2=80=9CBloomberg=E2=80=9D). Bloomberg is not affiliated with F&G or =
CIBC. Bloomberg=E2=80=99s association with CIBC is limited to =
BISL=E2=80=99s role to act as the administrator and calculation agent of =
the Index, which is the property of CIBC. Bloomberg does not guarantee =
the timeliness, accurateness, or completeness of the Index or any data =
or information relating thereto and shall have no liability in =
connection with the Index or any data or information relating thereto.
In calculating the level of the Index, the index methodology deducts a =
maintenance fee of 0.85% per year, calculated daily. This fee will =
reduce the level of the Index and thus the amount of interest, if any, =
that will be credited to any Product. Furthermore, while the volatility =
control applied by CIBC as part of the index methodology may result in =
less fluctuation in rates of return as compared to indices without =
volatility controls, it may also reduce the overall rate of return for =
products referencing the Index as compared to other indices not subject =
to volatility controls.
“F&G” is the marketing name for Fidelity & Guaranty Life Insurance =
Company issuing insurance in the United States outside of New York. Life =
insurance and annuities issued by Fidelity & Guaranty Life Insurance =
Company, Des Moines, IA.
20-0252
F&G
Two Ruan Center, 601 Locust Street, 14th Floor=20
Des Moines, IA 50309
800.445.6758=20
salesdesk@fglife.com=20
fglife.com=20
=20
Fidelity & Guaranty Life Insurance Company Two Ruan Center, 601 Locust =
Street, 14th Floor Des Moines, IA 50309
You received this email because you are subscribed to F&G Annuity =
Updates from Fidelity & Guaranty Life Insurance Company.=20
Update your =
email preferences to choose the types of emails you receive or =
to =
unsubscribe.
Add FGLUpdates@fglife.com to your =
address book to ensure delivery of FGL emails.=20
If this email was forwarded to you and you would like to subscribe to =
our email list, please click here.
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=20
=09
=
=
=20
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Updated rates from F&G=E2=80=A6get any apps in by =
Friday to lock in the higher rates.
Holler with =
any questions!
-Sam
From: F&G Updates =
<FGLUpdates@fglife.com>
Sent: Monday, March 2, 2020 =
1:52 PM
To: swiss@gpis4u.org
Subject: Rate =
Adjustments for MYGAs and Select FIA Strategies Effective March =
8
We’re changing rates for MYGAs and select FIA =
strategies due to current economic volatility and challenging market =
momentum.
|