Last updated: February 2026 | By AnnuityJournal Editorial Team
Fidelity & Guaranty Life — now operating as F&G Annuities & Life — has become one of the most competitive MYGA carriers in the market. Where household-name carriers like Nationwide and Allianz dominate brand recognition, F&G competes on rate. For buyers who want strong guaranteed yields from a solid A-rated carrier, F&G consistently earns a spot at the top of the comparison table.
Key Takeaways
- AM Best rating: A (Excellent) — solid investment-grade financial strength
- Subsidiary of Fidelity National Financial (FNF), a Fortune 500 company
- Frequently among the top MYGA rates in the market for 3–7 year terms
- Headquartered in Des Moines, Iowa; founded 1959
- Simpler product lineup than major competitors — easier to compare and understand
F&G Annuities & Life Company Overview
Fidelity & Guaranty Life was founded in 1959 in Baltimore, Maryland, and is now headquartered in Des Moines, Iowa. In 2020, Fidelity National Financial — one of the nation’s largest title insurance companies — acquired a majority stake, bringing Fortune 500 backing to the carrier.
F&G went public in 2022 (NYSE: FG) while remaining majority-owned by FNF. The company focuses on the middle market — Americans with $50,000–$500,000 to place in retirement products — with a straightforward lineup of MYGAs and fixed indexed annuities.
F&G Financial Strength Ratings
| Rating Agency | Rating | Meaning |
|---|---|---|
| AM Best | A (Excellent) | Third-highest possible rating |
| S&P Global | BBB+ | Good credit quality |
| Moody’s | Baa1 | Medium grade |
F&G’s A from AM Best is solid and meets the threshold most financial advisors set for annuity carrier recommendations. Their S&P rating is lower than competitors like Nationwide or Pacific Life — a trade-off worth understanding for buyers placing large, long-term contracts.
F&G Annuity Products
MYGA — Guarantee-Platinum Series
F&G’s Guarantee-Platinum MYGA is their flagship product and one of the most competitive fixed-rate annuities in the market. Available in terms from 3 to 10 years, the Guarantee-Platinum consistently appears at or near the top of MYGA rate comparisons — often 0.10%–0.30% above what A+ carriers offer for the same term.
Minimum premium is typically $10,000. The 10% annual free withdrawal provision is standard. Surrender schedules match the guarantee period — a 5-year MYGA has a 5-year surrender period.
Fixed Indexed Annuities
SafeGuard Plus: F&G’s core FIA offering with S&P 500 index strategies, a 0% floor, and optional income riders. Competitive cap rates relative to the market.
Performance Pro: An accumulation-focused FIA with higher potential upside through higher participation rates. Suited for buyers with longer time horizons who want market-linked growth.
Income Annuities
F&G offers single premium immediate annuities (SPIAs) and deferred income annuities (DIAs) for buyers who want to convert a lump sum directly into guaranteed lifetime income. Their payout rates are competitive and the products are straightforward.
F&G Annuity Pros and Cons
| Pros | Cons |
|---|---|
| Frequently top MYGA rates in the market | A rating — below A+ carriers like Nationwide, Pacific Life |
| Simpler product lineup — easier to understand | Lower brand recognition than major competitors |
| Fortune 500 parent (Fidelity National Financial) | S&P rating (BBB+) lower than peers |
| Low minimum premium ($10,000) | Publicly traded — subject to stock market pressures |
| Consistent top-tier MYGA rate performer | Smaller scale than Allianz or Nationwide |
Who Should Consider F&G Annuities
F&G is the right choice for rate-conscious buyers who have confirmed the carrier’s A rating meets their minimum threshold. If you’re comparing 5-year MYGAs and F&G is offering 5.65% versus an A+ carrier at 5.40%, the extra yield on a $200,000 contract is $500 per year — meaningful over a 5-year term.
For buyers placing under $250,000 in a 3–7 year MYGA, F&G’s competitive rates and Fortune 500 backing make a compelling case. For very large contracts or 10-year commitments, the rating differential versus A+ carriers deserves more weight.
Frequently Asked Questions
Is F&G (Fidelity & Guaranty Life) safe?
F&G holds an A (Excellent) rating from AM Best and is backed by Fidelity National Financial, a Fortune 500 company. They are considered a safe carrier within the industry’s standard guidelines. Buyers placing very large amounts may prefer an A+ carrier for the additional margin of safety.
What is the difference between F&G and Fidelity Investments?
They are completely separate companies. F&G (Fidelity & Guaranty Life) is an insurance company based in Des Moines owned by Fidelity National Financial — a title insurance company. Fidelity Investments is an entirely separate Boston-based investment management firm. The similar names cause frequent confusion but there is no corporate relationship.
How competitive are F&G MYGA rates?
F&G is consistently among the top 3–5 MYGA rates in the market for most terms. Their Guarantee-Platinum series regularly appears at the top of rate aggregator tables, typically 0.10%–0.30% above comparable A+ carriers.
What is the minimum investment for an F&G annuity?
The minimum premium for F&G’s Guarantee-Platinum MYGA is typically $10,000. Some products have higher minimums — confirm with your agent based on the specific product and state.
