F&G Annuities & Life Review (2026)

Published March 2, 2026 · Updated March 3, 2026

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.

This review covers F&G’s financial strength, full MYGA and fixed annuity product lineup with live rates, FIA products, and contact information.

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 that clears the minimum threshold most independent agents and financial advisors require for annuity recommendations. 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.

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 A-rated carriers. 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 an A-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 1-800-445-6758
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 20+ other carriers. Get a free rate comparison or call 855-583-1104.

Further Reading: Fixed Annuities & Comparisons

Resources to help you compare F&G against other fixed annuity and FIA carriers:

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Editorial Disclosure: Our editorial team independently reviews and rates annuity products. We may earn commissions when you request a quote through our partner links. This content is for informational purposes only and does not constitute financial advice. Learn more.
Disclaimer: This content is for informational and educational purposes only. It does not constitute financial, tax, or legal advice. Annuity products vary by state and carrier. Always consult a licensed financial professional before making any financial decisions. My Annuity Store is an independent marketplace and does not provide investment advice.

Pros and Cons of Fixed Annuities

Before you commit to a fixed annuity, weigh the advantages and drawbacks for your retirement situation.

✓  Pros

  • Guaranteed rate locked in for the full term — no surprises
  • Principal is 100% protected from market losses
  • Often pays significantly more than CDs or savings accounts
  • Tax-deferred growth — no annual tax bill until withdrawal
  • Up to 10% annual free withdrawal without surrender charge
  • State guaranty association coverage (typically up to $250,000)
  • Simple to understand — no moving parts or index tracking

✗  Cons

  • Surrender charges apply if you withdraw more than 10% early
  • Not FDIC insured — backed by the insurance company, not the government
  • Earnings taxed as ordinary income (not capital gains rates)
  • 10% IRS early-withdrawal penalty before age 59½
  • Rate is fixed — you won't benefit if market rates rise
  • Less liquidity than a savings account or money market

Learn more: Are annuities safe?

Compare Top MYGA Rates by Term

See today's highest guaranteed rate from an A-rated carrier for each term length.

See all rates →

Rates sourced from AnnuityRateWatch. A-rated carriers (AM Best) only. Not a solicitation. Rates vary by state. Verify before purchasing.

Types of Annuities

Insurance companies offer several types of annuities to fit different financial goals. Here's how they compare.

A MYGA (Multi-Year Guaranteed Annuity) is the simplest fixed annuity. Your rate is guaranteed for the entire term — 3, 5, or 7 years. No market exposure, no index tracking. What you see is what you earn.

Best for: Savers who want a predictable, guaranteed return and are comfortable locking funds for a set term. Often compared to CDs but frequently pays more.

Learn more about MYGAs →

A Fixed Indexed Annuity (FIA) links your interest credits to a market index (like the S&P 500) with a floor of 0% — so you can never lose principal. Upside is capped via participation rates or caps.

Best for: Investors who want some market participation with a safety net. More complex than MYGAs but potentially higher returns in strong market years.

Learn more about FIAs →

A SPIA (Single Premium Immediate Annuity) converts a lump sum into a guaranteed income stream — monthly checks that start within 30 days and continue for life or a set period.

Best for: Retirees who need guaranteed income immediately and want to eliminate the risk of outliving their money. The "pension replacement" product.

Learn more about SPIAs →

A Variable Annuity invests your premium in sub-accounts (similar to mutual funds). Returns fluctuate with the market — you can earn more but can also lose principal.

Best for: Long-term investors who want market exposure inside a tax-deferred wrapper and are comfortable with investment risk. Higher fees than fixed products.

Learn more about variable annuities →

A RILA (Registered Index-Linked Annuity) offers partial market participation with a defined buffer against losses (e.g., 10% or 20%). Unlike FIAs, RILAs can lose money — but losses are limited.

Best for: Investors willing to accept limited downside in exchange for higher upside potential than a traditional FIA. A middle ground between fixed and variable.

Learn more about RILAs →

Rate Methodology

My Annuity Store monitors MYGA rates from over 50 A-rated insurance carriers via AnnuityRateWatch. Our rate data refreshes every 6 hours.

To make our list, a carrier must be rated A− or better by AM Best — a financial strength rating that indicates the insurer's ability to meet obligations. Carriers with ratings of B++ or lower are excluded regardless of how attractive their rate appears.

Rates are sorted by highest guaranteed APY within each term group. Products using simple interest (SI) are labeled — the effective compound yield is lower than the stated rate. Minimum premiums shown are for non-qualified (after-tax) purchases.

Athene Annuity & Life
MassMutual
Corebridge Financial
Global Atlantic
North American Company
Midland National
American Equity
New York Life
Gainbridge Life
American National
Nassau Life
Sentinel Security Life
Protective Life
Pacific Life
Nationwide
Equitrust Life
F&G Annuities & Life
Oceanview Life
Oxford Life
Puritan Life
American General (Corebridge)
Delaware Life
Guggenheim Life
Integrity Life
Kansas City Life
Lafayette Life
Ibexis Life
American Fidelity
Security Benefit
Standard Insurance Company
📊 Data: AnnuityRateWatch · A-rated carriers only · Updated daily

Frequently Asked Questions

The best MYGA rate available today is shown in the rate table above. Rates change daily — the table reflects current data updated every 6 hours from AnnuityRateWatch.
Yes. The interest rate shown at the time of purchase is contractually locked in for the entire term — whether 3, 5, or 7 years. Unlike CDs at banks, MYGA rates cannot be changed by the insurance company during the guaranteed period, regardless of what happens to market interest rates.
Fixed annuities are not FDIC insured, but they are protected by your state's guaranty association — typically up to $250,000 per insurance company. Beyond that, the financial strength of the carrier matters. We only list carriers rated A− or better by AM Best, which indicates strong ability to meet policyholder obligations.
Most MYGAs allow a free annual withdrawal of 10% of your account value without a surrender charge. Withdrawals beyond 10% trigger surrender charges, which typically start around 7% and decline by one percentage point per year until they reach zero. At maturity, you can withdraw your full balance with no penalty.
Growth inside a non-qualified (after-tax funded) annuity is tax-deferred — you owe no taxes until you withdraw. When you do withdraw, earnings are taxed as ordinary income, not at the lower capital gains rate. Withdrawals before age 59½ also incur a 10% IRS early-withdrawal penalty on the earnings portion.
At maturity, most carriers give you a free-look window (typically 30 days) during which you can withdraw your full balance, roll it into a new annuity (tax-free via a 1035 exchange), or annuitize for lifetime income. If you do nothing, the contract typically renews at a new rate — which may be lower than your original rate.
For most people with a 3–7 year time horizon, MYGAs currently pay significantly more than CDs. Top 5-year MYGAs are paying competitively above 5%, while the best 5-year CDs are around 4.50%. The tradeoff: MYGAs have larger surrender charges for early withdrawal than CDs typically impose.

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