What plans are available in the FSL MYGA annuity?

IRA, Roth IRA and Non-Qualified plans are available with 3-year, 5-year or 7-year terms.

• Plans available in all states except CA, DE, NJ, NY, OR, PA and WA.
• 7-year term not available in CT, ID, MN and NV

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What are the issue ages?

Ages 18-80

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Is there a minimum contribution to establish an FSL MYGA?

Yes, $2,500

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Does FSL MYGA allow penalty-free early withdrawals?

Yes, with selection of one of the following riders:

• 10 Free Partial Surrender Rider R-03039, Fee - 0.15%
• Accumulated Interest Withdrawal R-03038, Fee - 0.08%
• Required minimum Distribution R-03037, Fee - 0.15%
* Minimum withdrawal $500; minimum account balance after partial withdrawal $2,500

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Once the term period has expired, what are the client’s options?

The client will receive notification of a 30-day window in which they can: 1) renew at any of the terms available at the then-offered current interest rate(s); or 2) exercise a partial surrender of the contract and renew the remaining account balance at the then offered current interest rate(s); or 3) fully surrender the contract without any surrender charges.

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Are collateral assignments allowed?

Yes, but only non-qualified annuities may be used as collateral for a loan. Please advise your client to consult with a tax advisor.

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Will FSL MYGA issue a non-qualified annuity to another party other than the annuitant?

Yes, however, the annuitant must be a natural person. If a trust is the owner, a copy of the front page and signature page of the trust is required.

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When does crediting of interest begin?

Crediting of interest commences upon the effective date of the contract after the money is received.

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How long is the “free look” period?

FSL annuities have a free look period of thirty (30) days.

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Are there any hidden costs or fees?

There are no hidden costs or fees assessed against account owners.

• All initial premium is contributed to the account with no fee taken out
• The liquidity riders selected pre-contract issue will reduce the crediting rate. See liquidity riders below:
• IRC Section 72t Withdrawal
• IRC Section 72q Withdrawal
• Required Minimum Distribution Withdrawal
• Accumulated Interest Withdrawal
• 10% Free Partial Surrender
• Terminal Medical Condition / Nursing Home

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What annuitization options does FSL’s MYGA offer?

• Life Annuity: A monthly income payable during the lifetime of the Annuitant and terminating with the last payment preceding the Annuitant’s death.
• Life Annuity with a Guaranteed Period: A monthly income payable during the lifetime of the Annuitant with the guarantee that if, at the death of the Annuitant, payments have been made for less than a stated certain period, which may be 5, 10, 15 or 20 years, as elected, but not greater than the Annuitant’s life expectancy, the monthly income will be continued during the remainder of the elected period.
• Survivorship Annuity: A monthly income payable during the joint lifetime of the Annuitant and another named individual and thereafter during the lifetime of the survivor, ceasing with the last income payment due prior to the death of the survivor.
• Option 4: Any other option that is mutually agreed upon between the Owner and the Company will be available.

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Where do I send the application and initial premium?

Fidelity Security Life Insurance Company
Attention: Annuity New Business
3130 Broadway
Kansas City, MO 64111-2406
P.O. Box 418131
Kansas City, MO 64141-8131

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How often are account statements provided to customers?

FSL mails to annuity policyholders annual account statements after each policy anniversary.

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As the producer (agent), when will I be paid a commission?

FSL MYGA pays commission weekly.

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