FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.

ADV 1598 (06-2015) Fidelity & Guaranty Life Insurance Company 15-445

FG Retirement Pro Modified Single Premium Deferred Annuity

Product-at-a-Glance

FG Retirement Pro Features: ISSUE AGES NQ: 0 – 80 / Q: 18 – 80

MINIMUM PREMIUM Minimum Premium: $10,000 ($2,000 per option)

PREMIUM BONUS Applies to all states EXCEPT: FL issue ages 65+, NV, OK, TX and UT.

Premium Bonus: A vesting bonus of 7.00% of Premiums received in the first policy year is applied. The bonus is immediately vested to the Benefit Base and Death Benefit. For other benefits, the bonus vests over a period of 12 years.

Premium Bonus Vesting Schedule End of Policy Year 1 2 3 4 5 6 7 8 9 10 11 12 Percentage 1% 2% 3% 4% 5% 10% 15% 20% 25% 50% 75% 100%

Applies to: FL issue ages 65+, NV, OK, TX and UT.

Premium Bonus: A vesting bonus of 5.00% of Premiums received in the first policy year is applied. The bonus is immediately vested to the Benefit Base and Death Benefit. For other benefits, the bonus vests over a period of 10 years.

Premium Bonus Vesting Schedule End of Policy Year 1 2 3 4 5 6 7 8 9 10 Percentage 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

MINIMUM GUARANTEED SURRENDER VALUE (MGSV)

87.5% of Premium accumulated at 1%-3% (MGSV Accumulation Interest Rate is set at issue and guaranteed for the life of the policy.)

SURRENDER CHARGE Applies to: all states EXCEPT: FL issue ages 65+, NV, OK, TX and UT.

12 years

Surrender Charge Schedule Policy Year 1 2 3 4 5 6 7 8 9 10 11 12 13+ Surrender Charge 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

Applies to FL issue ages 65+, NV, OK, TX and UT.

10 years

Surrender Charge Schedule Policy Year 1 2 3 4 5 6 7 8 9 10 11+ Surrender Charge 9% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%

MARKET VALUE ADJUSTMENT A Market Value Adjustment (MVA) will apply to all withdrawals/surrenders to which a surrender charge applies.

   

         

 

FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.

ADV 1598 (06-2015) Fidelity & Guaranty Life Insurance Company 15-445

FG Retirement Pro Modified Single Premium Deferred Annuity

Product-at-a-Glance

Growth Opportunity: ACCOUNT VALUE INTEREST CREDITING

Fixed Interest Method – The initial rate is guaranteed for the first policy year. A renewal interest rate is declared annually which will never be less than the guaranteed minimum effective annual interest rate. Interest is credited daily.

Benefit Base Crediting Options: INDEXED INTEREST CREDITING OPTIONS

S&P 500® • One-year Annual Point-to-Point with Cap • One-year Monthly Point-to-Point with Cap • One-year Monthly Average with Cap

FIXED INTEREST CREDITING OPTION

Fixed interest rate guaranteed for 12 years. New interest rate declared each year thereafter. Minimum fixed interest rate is 2.00% and set at issue.

MINIMUM BENEFIT VALUE The Guaranteed Withdrawal Payment will be based on the greater of the Benefit Base and the Minimum Benefit Value. The Minimum Benefit Value is only used on the first day of the Withdrawal Period to determine the Guaranteed Minimum Payment and is equal to Premium plus Premium Bonus, accumulating at 3.50% interest per year, for up to 12 years, less withdrawals, if any.

BREAKTHROUGH Is a feature that may potentially grow Account Value and unvested Premium Bonus based on Breakthrough Interest Credits. This feature applies only if the Breakthrough Value is achieved on a policy anniversary. The Breakthrough Value will be determined on the first policy anniversary. The Breakthrough Value is determined by multiplying the Premium plus any applicable Premium Bonus by the Breakthrough Factor currently 160%. If this condition is met, Breakthrough Interest Credits, if any, will be credited to the Account Value and unvested Premium Bonus on each policy anniversary until the earlier of the Maturity Date or the date the Account Value is depleted.

Liquidity Features: FREE WITHDRAWAL 10% of Account Value after the 1st year

(Systematic withdrawals available on a monthly, quarterly or semi-annual basis) (4 non-systematic withdrawals allowed per policy year)

         

 

FOR PRODUCER USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.

ADV 1598 (06-2015) Fidelity & Guaranty Life Insurance Company 15-445

FG Retirement Pro Modified Single Premium Deferred Annuity

Product-at-a-Glance

SURRENDER CHARGE WAIVERS

Home Health Care Rider (This rider is not available in FL and ID.) If the annuitant requires 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 in policy, and such care begins at least one year after the annuity’s effective date, and the impairment has lasted at least 60 days and is expected to continue for at least 90 days following the request, Surrender Charges and MVA will be waived on withdrawals made while the annuitant is impaired. Nursing Home Benefit Rider If the owner (or the annuitant if the owner is a non-natural person) is confined to a licensed nursing home for more than 60 days, and confinement begins at least one year after the annuity’s effective date, Surrender Charges and MVA will be waived on withdrawals made during the confinement period. Terminal Illness Benefit Rider If a licensed physician certifies that the owner (or annuitant if owner is a non-natural person) has been diagnosed with an illness or condition that causes his/her life expectancy to be less than one year, and the diagnosis takes place at least one year after the annuity’s effective date, Surrender Charges and MVA will be waived during this period of terminal illness.

DEATH BENEFIT Account Value plus any unvested Premium Bonus or MGSV (whichever is greater) paid at death – Surrender Charge and MVA waived. Any vesting bonus is 100% vested for the Death Benefit.

ANNUITIZATION The client must annuitize on the Maturity Date. It is fixed at policy issue and is no later than the policy anniversary following the annuitant’s 100th birthday. In FL and TX, annuity payments are based on the based on the greater of Account Value or the Minimum Guaranteed Surrender Value.

“FGL”, when used herein, refers to Fidelity & Guaranty Life, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York and, in New York only, Fidelity & Guaranty Life Insurance Company of New York.

FG Retirement Pro policy form numbers: API-1074(01-15), FGL NH 1 (2003), FGL TI 1 (2003), ARI-1006 (02-11), ARI-1056(06-13), ARI-1050(11-12), ARI-1049(11-12); et al.

Product features, including limitations and riders may vary by state. Optional provisions and riders may have limitations, restrictions and additional charges.

Guarantees are based upon the claims paying ability of the issuing insurer. Interest rates are subject to change. Indexed interest rates are subject to a cap and/or spread.

Withdrawals may be taxable and, when made prior to age 59½, may result in tax penalties.

S&P 500® is a trademark of the McGraw-Hill Companies, Inc. and has been licensed for use by Fidelity & Guaranty Life Insurance Company. Standard and Poor’s does not sponsor, endorse, promote or make any representation regarding the advisability of purchasing this product.

Annuities are issued by Fidelity & Guaranty Life Insurance Company, Des Moines, Iowa.