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.
