F&G, also known as Fidelity and Guaranty, and formally known as Old Mutual has come out with a very enticing product series called The Prosperity Elite. This product series has some of the best features and riders available on the market. The product is available in multiple surrender charge options (7, 10 and 14 year options). The longer the surrender charge, the bigger the bonus and higher the CAPS. Currently, the 14 year product has a 2.75% monthly cap option which is almost the highest in the industry. The product has multiple packages available. My favorite is the “Protection Package.” With the “Protection Package,” your client will get a 7.25% compound income rider, a 5% simple death benefit rider. If the client need LTC (cannot do 2 of the 6 ADLs), he/she will receive double the payment of the normal payout percentages. On the subject of payout percentages, this product has the highest in the industry. One final thing I love about this product is that the 7.25% income rider is available over a 5 year payout to any beneficiary. This changes everything.
Click HERE to view the brochure on the 14 year version.