Here’s how the Power Producer Program works: Each year we set a Power Producer qualification level. Producers earn credits throughout the calendar year and can combine both their annuity and life sales. The 2018 qualification level to earn one credit is 1.5 million points. $1 of FIA premium is equal to 1 point and $1 of life premium, up to target, is equal to 15 points. The Power Producer credit is determined each year, but each credit is typically worth between $3-5,000. The deposit amounts are cumulative and below is an example. By qualifying for just one credit a year, from 2011- 2016, FGL would have contributed over $73,000 on your behalf to a non-qualified deferred compensation plan.
The current qualification period is January 1 – December 31, 2018. Call 800.992.2642 for more information and details on excluded products.
“FGL” when used herein refers to Fidelity & Guaranty Life®, the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York and, in New York only, Fidelity& Guaranty Life Insurance Company of New York. Each Fidelity & Guaranty Life company is solely responsible for its contractual commiments.
The Power Producer arrangement is unfunded. Your account value is a “bookkeeping” account that is subject to risk of forfeiture in the event of insolvency or bankruptcy of the Company, or such other claims as may be made by the general creditors of the Company. The Power Producer program is a deferred bonus compensation plan for eligible appointed agents of Fidelity & Guaranty Life Insurance Company. Terms are as stated in the Power Producer plan document, which Fidelity & Guaranty Life may amend, limit or terminate at any time. FGL reserves the right to exclude products at its discretion.
FOR PRODUCER USE ONLY – NOT FOR USE WITH THE GENERAL PUBLIC 18-0070