F&G Power Accumulator 10 Annuity Review

This review of the F&G Power Accumulator 10 Annuity is an independent review intended to show you where Annuity Review F&G Power Accumulator 10 Annuity is strong and where it has weaknesses. In order to make an informed decision, it’s important to consider all available facts.  On the other hand, comparing this Annuity against other conservative alternatives can be valuable. In this review, we will cover:

  • Product type
  • Fees
  • Investment options that are available and their realistic long-term investment F&G Power Accumulator 10 Annuityeturn expectations
  • Understanding the difference between interest and Income in Annuity Speak.
  • Features that make it a positive addition to your portfolio
  • How it’s most poorly used as part of your financial plan

F&G Power Accumulator 10 Annuity Quick Facts

Product Name F&G Power Accumulator 10
Issuer F&G Annuity and Life
Type of Product Fixed Indexed Annuity
Standard & Poor’s Rating   AM Best “BBB+” (Good)   “A-” (Excellent)
Phone Number 1-888-513-8797
Website https://www.fglife.com/annuities/fg-power-accumulator.html

Before we go into detail, here is an important legal disclosure.

This review of F&G Power Accumulator 10 Annuity is an independent review at the request of readers. This review is intended to explain my perspective when breaking down the positives and negatives of this particular model annuity. This is an independent product review, not a recommendation to buy or sell an annuity. Fidelity and Guarantee Life Insurance Company has not endorsed this review in any way, nor do I receive any compensation for this review. Before purchasing any investment product be sure to do your own due diligence and consult a properly licensed professional. This review is not intended to give specific advice and your adviser may know more about your circumstances to make an appropriate recommendation. All names, marks, and materials used for this review are property of their respective owners.

Below, you can find some information about the company:

Fidelity and Guaranty Life Insurance Company provides annuities and life insurance for over 700,000 policyholders across the United States. The company was founded in 1959 and is based in Des Moines, Iowa.

You can learn more about this from https://www.fglife.com 

How do Agents Typically Pitch This Product?

  • Uncapped market growth
  • Market returns with less risk
  • Tax-deferred accumulation. 

F&G Power Accumulator 10 Annuity fees in detail: 

Annual admin fee: 0.85% of daily net assets

Fixed Interest Option: It will never be less than 1%

Free Withdrawal fee: Up to 10% annually

Surrender charges:  

Contract years 1 2 3 4 5 6 7 8 9 10 11+
Withdrawal Charge 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 0%
Annuity Lessons

What are the uncapped investment options for F&G Power Accumulator 10 Annuity?

iShares Core S&P 500 ETF

The IVV ETF tracks the performance of the S&P 500 index which investment results of an index composed of large-capitalization U.S. equities. However, there is an expense fee for this ETF that you can find out more by visiting iShares.com and searching the ticker symbol IVV.


This ETF seeks to track the investment results of an index composed of large- and mid-capitalization developed market equities excluding the U.S. and Canada. Nonetheless, it is worth to mention that this fund has no expense fee.

iShares U.S. Real Estate ETF

The IYR ETF main objective is to track the investment results of an index composed of U.S. equities in the real estate sector. There is an expense fee for the ETF that can be found by visiting iShares.com and searching ticker symbol IYR.

iShares Gold Trust ETF

The IAU ETF buys and holds physical gold the second-largest gold fund and it tracks the investment performance of the price of gold. For more information about the fees, you can visit iShares.com and search the ticker symbol IAU.

CIBC Balanced Asset 10 Index

Canadian Imperial Bank of Commerce is a Canadian Index that has engaged Bloomberg Finance L.P. to maintain and to make certain calculations. Consequently, CIBC has developed the index without considering the needs of any person and it seeks to provide excess returns across market conditions through a combination of equity and fixed income ETFs developed by Blackrock. Bloomberg’s association with CIBC is to act as the administrator and calculation agent of the Index, which is the property of CIBC.

The F&G power Accumulator 10 Annuity

Where does it work best:

  • Safety of principal
  • Producing Good long term level of Interest Income
  • Taxed deferred growth
  • A Bond Replacement

Where it works worst

  • Younger investors
  • Looking for mid to high level of returns
  • Access to the funds within the annuity’s 10-year surrender charge period 

Annuity Edu’s Summary on the F&G Power Accumulator 10 Annuity

In conclusion, this F&G Power Accumulator 10 Fixed Indexed annuity has some good features. Moreover, this F&G Accumulator annuity focus’s on high levels of interest income that should cause it to deliver nice levels of interest. This Annuity does not have an income rider which can often be a good thing depending on your goals and performance.

Contrary to popular belief, Annuities without income riders typically produce more income than annuities with income riders, so if you want to fully understand this concept sign up for the 7 lessons the rich use to buy annuities.

The F&G Power Accumulator 10 has a high probability of outperforming a similar annuity with an income rider due to the uncapped strategies.

The F&G Accumulator is not only for accumulation but can be great for those needing income of real Interest income and not a Withdrawal guarantee.   In my view annuities are best used to enhance your asset allocation and improve the return or reduce the risk or both.

Buying an Equity Indexed Annuity is a long-term commitment. Do you understand how this annuity works now? Continue to educate yourself on Annuity and annuity Strategies and how to improve your asset allocation. Annuity and Retirement Planning Education is something we do for free here at www.annuityedu.com. Take one of our free online courses.

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We hope you found it helpful as you’re conducting your own research on the F&G Power Accumulator 10 Annuity.

All the best,