FGL Rates and Commission July 2016

LegacyGram

 

Lock in higher rates, commission on Fidelity & Guaranty Life Products
LegacyGram
Need-to-know information critical to your business.
July 14, 2016
Lock in Higher Rates, Commission on Fidelity & Guaranty Life Products
We strive to offer products that provide excellent value to consumers, balanced with equally strong compensation for you. To continue to do so in these uncertain economic times, it has become necessary to make adjustments to cap rates and commissions.
SpectraMark® Series
The 50 bps commission special currently offered on SpectraMark FIAs is ending soon. The GA-level commission rate for ages 0–75 will revert to 8.50%. Watch LegacyNet® for an updated Compensation Schedule, including older issue ages. SpectraMark’s interest crediting rates will remain untouched, maintaining the product’s strong consumer value proposition.
Commission Deadline Rules
Product Version What Must Be Received by the
Administrative Office?
By When?
SpectraMark with commission special
Cash with applications in good order.
1035 Exchange and transfer paperwork in good order.
On or before Thursday, August 4, 2016.
SpectraMark without commission special
Cash with applications.
1035 Exchange and transfer paperwork.
On or after Friday, August 5, 2016.
AdvanceMarkSM Series and LegendMarkSM Series
AdvanceMark Ultra Series and LegendMark Series FIAs will continue to offer the limited-time 50 bps commission special at issue ages 0–75. However, some rates and caps are decreasing. Decreases are shown in the table below in red.
AdvanceMark Ultra LegendMark
10-Year 14-Year
Crediting Option 10-Year 14-Year No Fee 1% Fee No Fee 1% Fee
S&P 500® one-year monthly point-to-point 1.85% 1.85% 1.85% 2.60% 2.00% 2.85%
S&P 500® one-year annual point-to-point 4.00% 4.25% 4.25% 6.75% 4.50% 7.25%
S&P 500® one-year monthly average 4.50% 4.75%
S&P 500® three-year monthly average with spread 2.00% 2.00%
Declared Rate on Gain 3.50% 3.50% 3.50% 5.25% 3.75% 5.75%
One-Year Fixed Interest 1.00% 1.00% 1.00% 1.00%
Rate and Cap Deadline Rules
Product Version What Must Be Received by the
Administrative Office?
By When?
AdvanceMark Ultra and LegendMark with higher caps and rates
Cash with applications in good order.
Pending 1035 Exchange and transfer paperwork in good order (policy must be issued within 60 days).
On or before Thursday, August 4, 2016.
AdvanceMark Ultra and LegendMark with lower caps and rates
Cash with applications.
1035 Exchange and transfer paperwork.
On or after Friday, August 5, 2016.

Pending 1035 Exchange and transfer paperwork received on or before August 4, 2016, but issued after 60 days, will receive the rates in effect at the time of issue.
Administrator Mailing Address: Administrator Overnight Address: Fax: 800-813-6095
P.O. Box 81728 777 Research Drive
Lincoln, NE 68501 Lincoln, NE 68521

Questions? Call the Sales Team at 800-395-1053, Ext. 4002.
AdvanceMark Ultra, LegendMark, and SpectraMark flexible premium fixed deferred indexed annuities are issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA; products are distributed by Legacy Marketing Group®. Subject to state availability. Certain restrictions may apply. Refer to contract, sales guide, Compensation Schedule, and State Approval Matrix for details. Form Nos: ACI-1018(06-11), API-1018(06-11), ICC11-1035 (11-11), et al.Rates effective August 5, 2016, and subject to change. Indexed interest rates are subject to a cap, spread, or declared rate, which are subject to change at the discretion of Fidelity & Guaranty Life.

“S&P 500®” is a trademark of the McGraw-Hill Companies, Inc. and has been licensed for use by Fidelity & Guaranty Life Insurance Company. The Product is not sponsored, endorsed, sold or promoted by Standard & Poor’s and Standard & Poor’s makes no representation regarding the advisability of purchasing the Product.

FG1925v0716 FOR AGENT USE ONLY. NOT FOR USE WITH CONSUMERS. 16-609