Fidelity and Guaranty (F&G) Safe Income Plus Fixed Indexed Annuity


Fidelity and Guaranty Safe Income Plus fixed index annuity is a 10-year retirement savings plan designed to preserve your nest egg and provide an income for the rest of your life.

Safe Income Plus is a flexible premium, deferred, fixed indexed annuity designed to help you:

  • Maximize retirement income with guaranteed payments for life
  • Preserve your savings with indexed growth potential and no downside market risk
  • Leave a financial legacy with a death benefit for peace of mind


What is an annuity?

What is an annuity? An annuity is a long-term retirement tool that can be a cornerstone of your financial security and success.

You pay a premium (think of it as your principal) to F&G and F&G provides an annuity contract with unique benefits to you.

An annuity protects and potentially builds your savings, with the option of converting them into scheduled income payments for retirement.

If you’re interested in an opportunity to grow your savings based on a market index–without the risk of actually participating in the market–a FIXED INDEXED ANNUITY may be a good choice for you.


Benefits and Features

Safe Income Plus protects your savings from market risks while potentially giving you market-based growth with tax-deferred earnings.

  • It is a long-term retirement planning product with these important features:
  • We give you a bonus to your account that vests over 10 years.
  • You can choose from several options for earning interest on your premium: one fixed interest option (with a guaranteed rate) and additional options tied to market indexes.
  • Any growth of your savings is tax-deferred (you pay taxes only when you make withdrawals or receive income in the future).
  • You have the option of guaranteed income for life.
  • You’ll have full access to your account for unexpected health care costs, namely qualifying nursing or home health care, or in the event of a terminal illness. This benefit applies to conditions that arise one year or more after the contract begins.
  • From day one you have a death benefit for peace of mind.
  • You may withdraw your money at any time. Withdrawals in year one, or withdrawals in years 2-10 of over 10% of your vested account value, will incur withdrawal charges.

Guaranteed Income

Safe Income Plus provides you with income for life as Guaranteed Withdrawal Payments.

If you haven’t made excess withdrawals in any year, payments will never run out, no matter how long you live, even if your account value is depleted.

You may begin Guaranteed Withdrawal Payments any time after the first contract year if you are at least 50 years old.

The time to start is up to you, and you may stop income payments, and restart them later.

The payment amount is determined by the Income Base of your account at the time you begin withdrawal payments.

The income base is different from your account value and cannot be surrendered or withdrawn.

Your Guaranteed Withdrawal Payments may increase if you become impaired to the extent you are unable to perform at least two out of six activities of daily living.

There are defined terms and may vary from state to state.

Increased payments will continue until your account value is depleted or the impairment no longer qualifies you for the benefit.

Payments then revert to the Guaranteed Withdrawal Payment.

The cost of the Guaranteed Withdrawal Payment benefit is 1.15% of the income base and is deducted annually from your vested account value at the end of each contract year.

Prior withdrawals reduce guaranteed withdrawal amounts.

Check out a Long Term Care Annuity to supplement your long term care insurance needs.

Death Benefit

Your account value is paid as a lump sum death benefit.

Access For Unexpected Health Care Costs

If you need home health or nursing home care, or in the event of terminal illness, you may access your account value with no surrender charges or Market Value Adjustment (MVA). The diagnosis of terminal illness, or the beginning of home health or nursing home care, must occur at least one year after the contract is issued. These are defined conditions, and this benefit may vary from state to state.


Ability to Withdraw

You may withdraw your money at any time. We know you may have unexpected opportunities or expenses. You’ll have penalty-free access to 10% of the vested account value in years 2-10. Any other withdrawals will incur withdrawal charges. These consist of surrender charges and MVA. The surrender charge in contract year one is 12% of the withdrawal, and this percentage decreases each year for 10 years. The following states follow an alternative surrender charge schedule:

  • AK
  • CA
  • DE
  • FL (65+)
  • MA
  • NJ
  • NV
  • OH
  • OK
  • SC
  • TX 
  • UT

In these states, the surrender charge in year one is 9%, and this percentage decreases over 10 years.

What is a Market Value Adjustment?

Any time a withdrawal incurs a surrender charge, an MVA will be made. The Market Value Adjustment is based on a formula that takes into account changes in the U.S. Treasury yields since the contract was issued. Generally, if treasury yields have risen, the MVA will decrease the surrender value; if they have fallen, the MVA will increase the surrender value. The MVA does not apply in AK and MO.



Minimum Premium

Maximum Premium

Enhanced Benefits


Contract Length

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Maximum Issue Age

Premium Bonus (Up to)

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Insurance Company

Premium Type

Annuitization Required

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Death Benefit


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Cancellation Policy

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Lifetime Income

Retire in 11+ Years

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