Established in 1959, F&G is headquartered in Des Moines, Iowa, and offers unique life insurance and annuity solutions to meet individual financial security needs through a national network of financial professionals.
F&G Annuities & Life, formerly known as Fidelity & Guaranty Life, has emerged as one of the fastest-growing annuity carriers in the United States, with an A (Excellent) rating from AM Best and over $50 billion in assets. Backed by FNF Group (Fidelity National Financial), F&G has aggressively expanded its MYGA lineup and consistently offered top-tier rates, making it one of the most searched annuity brands among independent agents and rate-conscious consumers.
Is F&G a Good Annuity Company?
Yes, F&G is a solid and fast-growing annuity company. It holds an A (Excellent) rating from AM Best with a stable outlook and has become a significant writer of fixed and fixed index annuities. Founded in 1959, F&G is majority-owned by Fidelity National Financial (FNF), a Fortune 500 company, and trades publicly under the ticker FG. Its rates are frequently competitive, making it a regular contender on MYGA and FIA shortlists.
F&G Annuities & Life at a Glance
| Detail | Information |
|---|---|
| Full Legal Name | Fidelity & Guaranty Life Insurance Company |
| Brand Name | F&G Annuities & Life |
| Parent Company | FNF Group (Fidelity National Financial, NYSE: FNF) |
| Headquarters | Des Moines, Iowa |
| Founded | 1959 |
| AM Best Rating | A (Excellent) |
| S&P Rating | BBB+ (Good) |
| Total Assets | $50+ billion |
| Products Offered | MYGAs, Fixed Index Annuities |
| States Available | 49 states + D.C. (not available in New York) |
| Minimum Premium | $10,000 (most products) |
F&G’s Financial Strength
F&G holds an A (Excellent) rating from AM Best, a solid tier. Its parent, FNF Group, is one of the largest title insurance and real estate services companies in the country, providing additional institutional backing.
F&G has been one of the fastest-growing annuity carriers in the U.S. market over the past four years, driven by consistently competitive MYGA rates. For a client shopping on rate, particularly one putting $50,000–$200,000 into a 3 to 5-year MYGA, F&G regularly appears at or near the top of rate comparison tables.
Who Actually Owns F&G (It Is Not Blackstone)
Here is a point most reviews get muddled: F&G’s controlling owner is Fidelity National Financial, the Fortune 500 title-insurance giant, which acquired it in 2020. Blackstone’s role is as F&G’s investment manager, running a large share of its general-account assets, not as its equity owner. That distinction matters because the asset-management relationship is part of why F&G has been able to grow quickly and offer competitive rates. F&G dates to 1959, is headquartered in Des Moines, and re-listed on the NYSE in 2022. The takeaway: a strong, growing carrier, an unusual (title-insurer) parent, and an investment partnership that is often mistaken for ownership.
What Types of Annuities Does F&G Offer?
- Multi-Year Guaranteed Annuities (MYGAs), F&G’s Guarantee-Platinum series and Heritage+ MYGA products provide guaranteed fixed rates across 3, 5, and 7-year terms. F&G’s MYGA rates are consistently among the most competitive in the market.
- Fixed Index Annuities (FIAs), F&G’s Safe Income series and Prosperity Elite products offer index-linked growth with optional income riders for guaranteed lifetime withdrawals.
No rate data found for this carrier at this time.
F&G MYGA Products
F&G Guarantee-Platinum Series
F&G’s flagship MYGA product, available in 3, 5, and 7-year terms. Provides a locked guaranteed interest rate for the full term with tax-deferred accumulation and a 10% annual free withdrawal provision. Consistently one of the top-yielding MYGA products among top annuity companies. Minimum premium $10,000.
F&G Heritage Plus MYGA
A MYGA with an enhanced interest rate structure for higher premiums. Rate tiers typically kick in at $100,000, making it well-suited for clients rolling over an IRA or 401(k). Available in select terms through independent agents.
F&G Fixed Index Annuity Products
F&G Safe Income Advantage
An income-focused FIA with optional guaranteed lifetime withdrawal benefits. Designed for clients who want index-linked accumulation with a guaranteed income floor. Includes multiple index crediting strategies with an S&P 500 point-to-point option. Download the Safe Income Advantage brochure (PDF).
Who Is F&G Best For?
- Rate-focused MYGA buyers who want top-tier guaranteed rates from a top-rated carrier. F&G consistently ranks in the top 5 for MYGA rates nationally across 3 and 5-year terms.
- Clients with $100,000+ who benefit from F&G’s rate tiers, which meaningfully improve yields at higher premium levels.
- IRA/401(k) rollover clients looking to lock in a strong rate for 3–7 years while preserving principal.
- Agents and advisors who need competitive rates from a carrier with strong distribution infrastructure and a growing market presence.
Note: F&G products are not available in New York state. New York residents should see our full carrier directory for NY-approved alternatives.
Contact F&G Annuities & Life
| Contact Method | Details |
|---|---|
| Website | www.fglife.com |
| Customer Service | 1-888-513-8797 |
| Mailing Address | Fidelity & Guaranty Life Insurance Company 801 Grand Avenue Des Moines, IA 50309 |
| Hours | Monday–Friday, 7 a.m.–6 p.m. CT |
Compare F&G Against Other Top-Rate Carriers: My Annuity Store compares F&G alongside Athene, MassMutual, Protective, and 90+ top annuity companies. Get a free rate comparison or call 855-277-8088.
Further Reading: Fixed Annuities & Comparisons
Resources to help you compare F&G against other fixed annuity and FIA carriers:
- The Drawbacks of Fixed Index Annuities, Key risks to weigh when comparing F&G FIA products to alternatives.
- MassMutual Ascend American Legend 7 Review, How a competing 7-year FIA with premium bonuses compares to F&G products.
- What Is a MYGA?, F&G also offers MYGA products. This plain-English guide explains how multi-year guaranteed annuities work.
- TruStage (CUNA Mutual) Annuity Review, Another carrier in a similar tier to F&G worth comparing for fixed annuity shoppers.
F&G Product Reviews
Related: FIA Sales Leaders: Complete Indexed Annuity Market Data (2015-2025)
F&G Pros and Cons
Pros
- Fastest-growing MYGA carrier in the U.S. market
- A (Excellent) AM Best rating
- Consistently top-tier MYGA rates - regularly in the top 5 nationally
- Backed by FNF Group (Fidelity National Financial)
- Multiple MYGA terms available (3, 5, 7 years)
- $10,000 minimum premium
Cons
- AM Best A is lower than A+ competitors
- S&P rating (BBB+) is lower than most peers
- Not available in New York state
- Shorter multi-decade track record than some established competitors
