Accelerator Plus 10
Status:
Active
Group:
Fidelity and Guaranty
Product Type:
Indexed Annuity
Product Status:
Approved
Version:
0
Inception Date:
February 12, 2018
Closed Date:
Last Modified:
April 08, 2026 09:11
Description:
The Accelerator Plus 10 is a flexible premium deferred indexed annuity with a market value adjustment (availability varies by state). The minimum single premium is $10,000 for qualified and non-qualified money ($2,000 per option). Additional contributions can be made for $2,000 or more. 10% of the account value as of the prior anniversary may be withdrawn after the first policy year. Surrender charges are ten years in duration, vary by state and are waived in the event of annuitization, death, entrance into a nursing home, or diagnosis of a terminal illness. There is a guaranteed minimum withdrawal benefit available for an additional cost. Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Fee Based:
No
Free Look:
Yes
Plan Types:
401 (k), HR-10 (Keogh), 403 (b), Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, Spousal IRA, Others, 401 (a)
Premium Types:
Flexible
States Available:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IND, IA, KS, KY, LA, MZ, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, ORG, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, DC
States Exception:
Version Note:
Update in Performance Factor and states.
Scrap Book:
Bonus Increases as per the mail: Feature rate change effective 06/06/2025. IN moved to Compact states as per Monika's email on 4/14/2025: Indiana now a compact state. Changes made in GMWB, Age, Withdrawals, Surrenders. Changes in states as per trello card "E2025750 - Accelerator Plus 10".
Death benefits
| Name | Internal name | Sequence | Inception date |
|---|---|---|---|
| Basic Death Benefit | Basic Death Benefit | 1 | 12 Feb 2018 |
Riders
| Name | Rider type | Internal name | Sequence | Inception date |
|---|---|---|---|---|
| Enhanced Guaranteed Minimum Withdrawal Benefit | GLWB | Enhanced Guaranteed Minimum Withdrawal Benefit (Roll-up 5%) | 12 Feb 2018 |