Goldstein Scorecard: Incomplete (dated October 4, 2026). See how it is graded.
F&G Prosperity Elite 10 Review: The 0.60% Enhancement Fee, Vesting Bonus, Optional Income Rider and Two Surrender Schedules
Written & reviewed by Hans Goldstein, EA, Independent Licensed Insurance Producer · CA license 4273294 · NPN 20602398Admitted to practice before the IRS
Facts verified against F&G’s Prosperity Elite quick reference guide (ADV1986, rev. 09-2025) and F&G’s ratings page on October 4, 2026 · Updated
F&G Prosperity Elite 10 is a 10-year flexible premium fixed indexed annuity from Fidelity & Guaranty Life Insurance Company with a built-in “enhancement” package (death benefit plus vesting bonus) that costs 0.60% a year of the highest guaranteed death benefit. Per F&G’s guide (rev. 09-2025), the vesting bonus is 5% to 6% for ages 0 to 70, surrender charges start at 12% (9% in CA, TX and 21 other jurisdictions), and an optional income rider costs 0.35% of the income base. AM Best: A, per F&G.
Correction: an earlier version of this page said Prosperity Elite 10 has a “5-9% upfront bonus,” “no income rider,” a 10% to 1% surrender schedule in all states, AM Best A-, and estimated June 2026 caps of 8.0% to 10.0%. F&G’s guide (rev. 09-2025) shows a vesting bonus (not upfront) of 5% to 6% for ages 0 to 70 on the base package, an optional protection package with an income rider, and two state schedules (12% to 3%, or 9% to 1%). F&G’s ratings page shows AM Best A (Stable, 3/2026). The estimates and competitor comparisons were not from primary sources and were removed.
CD vs MYGA, after tax
What $100,000 earns in 5 years: CD vs MYGA, after tax
Rates used: CD 5.00%, the top nationally available 5-year CD (Bankrate, October 14, 2026); change it to the rate you are offered. MYGA 5.95%, the best A-rated rate we track as of October 13, 2026: Delaware Life Pinnacle Plus 5-year (AM Best A-, negative outlook, 7/31/2026), $100,000 and up, effective October 6, 2026 (Delaware Life rate sheet).
| CD, interest taxed every year | $121,081 |
|---|---|
| MYGA, tax-deferred, before tax | $133,507 |
| MYGA after paying tax on all the interest at withdrawal | $126,136 |
| Tax deferral alone adds about | $674 |
| MYGA ahead of the CD, after tax | $5,055 |
Assumes 22% federal and 0% state income tax, no withdrawals, rates held for the whole term. MYGA interest is taxed as ordinary income when you withdraw it, not as capital gains. Gains taken before age 59 1/2 can owe a 10% IRS penalty, and cashing out early can cost a surrender charge. In an IRA both grow tax-deferred, so the edge there is the rate alone. Bank and credit union deposits are FDIC or NCUA insured up to the limits; a MYGA is backed by the issuing insurer's claims-paying ability and your state's guaranty association up to its limits, not the FDIC. General education, not tax, legal or financial advice.
Enhancement vs protection: the two Prosperity Elite packages
Every Prosperity Elite contract (7, 10 and 14-year versions) comes with the enhancement package: a lump sum death benefit and a vesting bonus on first-year premium. The optional protection package adds an enhanced guaranteed minimum withdrawal benefit (lifetime income) and an enhanced death benefit that heirs can take over time, and it raises the vesting bonus. F&G calls the protection package its most popular option with Prosperity Elite clients. Lifetime income guarantees are backed by the claims-paying ability of Fidelity & Guaranty Life Insurance Company.
| Charge | Amount | Applies to |
|---|---|---|
| Enhancement package (death benefit + vesting bonus) | 0.60% a year of the highest guaranteed death benefit amount, each contract anniversary | Every contract (automatic) |
| Protection package (EGMWB + EGMDB rider) | Additional 0.35% of the income base a year | Only if you elect it |
| Index option rider with a fee | 1.25% | Only if you elect one; F&G says these may offer higher caps, higher participation or lower spreads |
| Surrender charge and MVA | See the surrender schedule on this page | Withdrawals above the free amount during the surrender period |
Vesting bonus (current F&G percentages)
| Prosperity Elite 10 | Enhancement (base), ages 0 to 70 | Enhancement, ages 71 to 85 | With protection package, ages 0 to 70 | With protection package, ages 71 to 85 |
|---|---|---|---|---|
| AR, AZ, CO, DC, FL (0 to 64), GA, HI, IA, IL, KS, KY, LA, MD, ME, MI, MO, NC, ND, NE, NH, NM, RI, SD, TN, VA, VT, WI, WV and WY | 6.00% | 3.00% | 12.00% | 6.50% |
| AK, AL, CA, CT, DE, FL (65+), ID, IN, MA, MN, MS, MT, NJ, NV, OH, OK, OR, PA, PR, SC, TX, UT and WA | 5.00% | 2.75% | 11.00% | 5.75% |
The bonus vests over the 10-year surrender period, so leaving early forfeits the unvested part, and the 10% free withdrawal is measured on the vested account value. F&G’s guide notes that annuities with bonus features may have higher fees and charges, longer surrender periods or lower rates than annuities without them. Background: is an annuity premium bonus good or bad?
Prosperity Elite 10 surrender charges by year
| Contract year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11+ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AR, AZ, CO, DC, FL (0 to 64), GA, HI, IA, IL, KS, KY, LA, MD, ME, MI, MO, NC, ND, NE, NH, NM, RI, SD, TN, VA, VT, WI, WV and WY | 12% | 11% | 10% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 0% |
| AK, AL, CA, CT, DE, FL (65+), ID, IN, MA, MN, MS, MT, NJ, NV, OH, OK, OR, PA, PR, SC, TX, UT and WA | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 0% |
Model your exit cost in the annuity surrender charge calculator.
Contract basics (verified)
| Feature | Prosperity Elite 10 |
|---|---|
| Issuer | Fidelity & Guaranty Life Insurance Company, Des Moines, IA |
| Type | Flexible premium, deferred fixed indexed annuity with a minimum guaranteed surrender value |
| Availability | Not available in NY |
| Crediting | A fixed interest option (rate set annually, not below 1%) and index options on the Balanced Asset 5 Index, Barclays Trailblazer Sectors 5 Index, Gold Commodity, GS Global Factor Index and S&P 500 Index, each subject to caps, participation rates and/or spreads |
| Free withdrawal | 10% of the vested account value a year, starting in year 2 |
| MVA | With any surrender charge, except in AK, AL, CT, ID, IL, IN, MN, MO, MS, MT, OR, PA, PR and WA |
| Health access | Home health care, nursing home care and terminal illness access to the total account value without surrender charges or MVA, subject to conditions (not available in MA) |
| RMDs | Surrender charges and MVA waived on RMD withdrawals above the free amount |
| Protection package income terms | 18% bonus on first-year premium to the income base, 10% compound annual roll-up, payments from the later of age 50 and one year after issue, impairment multiplier up to double the payment if unable to perform 2 of 6 activities of daily living (state variations apply) |
| Issue ages | Bonus table covers ages 0 to 85 (maximum issue age in IN is 80); minimum premium not stated in the guide |
| Maturity | If you hold the contract to its maturity date, it must be annuitized then |
| Agent pay | F&G says it pays the selling professional, factors that into contract pricing, and does not deduct it from premium |
Current caps, participation rates and spreads are not publicly disclosed by F&G. Ask for the current rate sheet with its effective date for your state before you sign.
Is the annuity you're looking at actually the best one available?
Send your email and I'll send what it really guarantees, what the surrender schedule costs you, and the two or three carriers paying more for the same guarantee. If it's already a good fit, I'll tell you that.
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Goldstein Scorecard (dated October 4, 2026)
| Dimension | Grade | Basis (sourced fact) |
|---|---|---|
| Financial strength | B+ | AM Best A (Stable) as of 3/2026; S&P A- (9/2025), Fitch A- (10/2025), Moody’s A3 (10/2025), per F&G’s ratings page. |
| Rate or cap competitiveness | Incomplete | F&G publishes no current Prosperity Elite caps, participation rates or spreads. |
| Guaranteed floor | Incomplete | Fixed option floor 1% is public; minimum index caps are not publicly disclosed. F&G's rate page (F&G product interest rates dated April 9, 2026, posted by CreativeOne) footnotes 100% minimum participation and 3.5% to 5% maximum spreads on the 2-year strategies. |
| Liquidity | C- | Ten years, from 12% (9% in 23 jurisdictions incl. CA); free withdrawal is 10% of the vested account value from year 2; MVA in most states. |
| Costs | C | 0.60% a year enhancement charge on every contract; optional 0.35% of income base for the protection package; optional 1.25% index rider. |
| Transparency | C | Fees, bonus percentages, surrender schedules and state limits are public; current rates and index minimums are not. |
| Complexity | C | Two packages, a vesting bonus, an income base that is not cash, state-specific schedules and an MVA. |
| Guaranteed minimum cap | Not publicly disclosed | The current F&G Prosperity Elite Statement of Understanding ADV2948 (Rev. 09-2025) gives no number. An older form, the 2020 Statement of Understanding ADV1635 (Rev. 02-2020, posted by a broker), listed 1.00% (secondary, older version). |
| Maximum spread | 3.5% to 5% | 2-year spread strategies, F&G product interest rates dated April 9, 2026, posted by CreativeOne. |
| Minimum participation rate | 100% (2-year strategies) | 2-year spread strategies; no stated minimum on the 1-year participation strategies (F&G product interest rates dated April 9, 2026, posted by CreativeOne). |
| Overall | Incomplete | Weighted toward financial strength, guaranteed floor and liquidity for a buyer who wants a known result. |
How these contract minimums compare across products: guaranteed minimum caps across FIAs (October 2026).
Get the current numbers for your amountor call 213-414-2808
Pros and cons
- Pro: Fees, bonus percentages and the surrender schedule by state are published in F&G’s guide.
- Pro: Health access to the total account value without surrender charges or MVA, subject to conditions (not in MA), and RMDs above the free amount are not charged.
- Pro: The optional protection package adds lifetime income with an 18% income-base bonus and 10% compound roll-up, plus an impairment multiplier.
- Con: The 0.60% a year enhancement charge applies to every contract, whether or not you need the death benefit.
- Con: The bonus vests over the surrender period, and free withdrawals are 10% of the vested account value only.
- Con: Current caps and participation rates are not public.
- Con: Ten years of surrender charges, starting at 12% outside the 23 lower-schedule jurisdictions.
Who it’s for, and when to look elsewhere
Fits: a buyer who can leave the money for 10 years, values the built-in death benefit and vesting bonus enough to pay 0.60% a year for them, and, if income is the goal, wants the protection package with a written income quote.
Look elsewhere if:
- You want the longest-term bonus version and live where it is sold; see Prosperity Elite 14. Or you do not need the death benefit package; F&G’s Power Accumulator 10 describes no package fee.
- You want income: compare the protection package with an immediate annuity using the income rider vs annuitization calculator.
- You mainly want a known rate. A MYGA locks a declared rate for the term, backed by the claims-paying ability of the issuing insurer. For comparison, A-rated-or-better insurers were paying about 5.50% to 6.05% on 5-year MYGAs and the best nationally available 5-year CDs about 4.35% to 4.50% APY (MYGAs: public carrier rate sheets, October 14, 2026; CDs: DepositAccounts, September 24, 2026). Current rates: MYGA rates.
Run the numbers: annuity surrender charge calculator and annuity calculator. Related reviews: F&G Prosperity Elite 14, F&G Power Accumulator, income riders compared and how annuity crediting actually works.
Questions to ask your agent
- Which package is on my Prosperity Elite 10 illustration, enhancement only or enhancement plus protection, and what do the 0.60% and 0.35% charges total in dollars each year?
- What are the guaranteed minimum caps, participation rates and spreads in my Statement of Understanding, and the minimum guaranteed surrender value? Please put them in writing with the dated current rate sheet.
- Show me the surrender schedule for my state by year, the MVA, and how much of the vesting bonus I keep if I leave in year 3, 5 and 8.
- If I take the protection package, what payout factor applies at my starting age, and what is the guaranteed income in dollars (not the income base)?
- How are you paid on Prosperity Elite 10? F&G says it pays the agent, factors that into pricing and does not deduct it from premium. What percentage is it, and would a shorter term pay you less? (Background: how annuity commissions work.)
From my desk
When I review a Prosperity Elite illustration, I first check which package it shows. The enhancement package is on every contract and costs 0.60% a year of the highest guaranteed death benefit; the protection package adds 0.35% of the income base. I add both to the illustrated return before I compare anything.
The number buyers misread most on this product type is the income base. A 10% compound roll-up and an 18% bonus apply to the income base, which is only used to calculate rider payments; it is not cash and cannot be surrendered. The figure that matters is the guaranteed annual income in dollars at the age you plan to start.
Against a MYGA, I set the guaranteed surrender value by year next to a MYGA compounding at its declared rate for the same term. With an annual package charge and a 10-year surrender schedule, the FIA has to do clearly better on reasonable index assumptions to be worth the trade.
Frequently asked questions
What is F&G Prosperity Elite 10?
A 10-year flexible premium deferred fixed indexed annuity from Fidelity & Guaranty Life Insurance Company. Every contract includes the “enhancement” package (a lump sum death benefit and a vesting bonus) for 0.60% a year of the highest guaranteed death benefit; an optional “protection” package adds lifetime income features for 0.35% of the income base.
What does “enhancement” mean on Prosperity Elite?
It is the base package that every Prosperity Elite contract includes automatically: a lump sum death benefit and a vesting bonus, charged at 0.60% of the highest guaranteed death benefit amount on each contract anniversary, per F&G’s guide (rev. 09-2025). It is not a separate higher-cap version.
What are the Prosperity Elite 10 surrender charges?
12%, 11%, 10%, 9%, 8%, 7%, 6%, 5%, 4% and 3% in years 1 to 10 in most states; 9%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2% and 1% in AK, AL, CA, CT, DE, FL (65+), ID, IN, MA, MN, MS, MT, NJ, NV, OH, OK, OR, PA, PR, SC, TX, UT and WA. Zero from year 11.
How big is the Prosperity Elite bonus?
It is a vesting bonus on first-year premium, vesting over 10 years. F&G’s guide (rev. 09-2025) lists 6.00% (ages 0 to 70) and 3.00% (71 to 85) in most states, or 5.00% and 2.75% in the 23 jurisdictions with the lower surrender schedule; with the protection package, 12.00% and 6.50%, or 11.00% and 5.75%. F&G calls these current percentages, subject to change.
Does Prosperity Elite have an income rider?
Yes, optionally. The protection package adds an enhanced guaranteed minimum withdrawal benefit and enhanced death benefit for 0.35% of the income base a year, with an 18% bonus on first-year premium to the income base and a 10% compound annual roll-up. Payments can start at the later of age 50 and one year after issue. The income base is not cash and cannot be withdrawn.
What are the current Prosperity Elite rates?
F&G does not publish current Prosperity Elite caps, participation rates or spreads on its public site (checked October 4, 2026). The guide says the fixed interest option is guaranteed not to be below 1%. Ask for the dated rate sheet for your state.
Is F&G a strong company?
F&G’s ratings page lists AM Best A with a Stable outlook as of 3/2026, S&P A- (9/2025), Fitch A- (10/2025) and Moody’s A3 (10/2025). Contract guarantees are backed by the claims-paying ability of Fidelity & Guaranty Life Insurance Company.
Sources (checked October 4, 2026)
- F&G, Prosperity Elite quick reference guide, ADV1986 (rev. 09-2025): packages, fees, vesting bonus table, income rider terms, index options, surrender schedules by state, MVA states, availability, compensation disclosure
- F&G, About F&G, Our Ratings: AM Best A (3/2026), S&P A- (9/2025), Fitch A- (10/2025), Moody’s A3 (10/2025): checked October 4, 2026
MYGA and CD benchmark: public carrier rate sheets (MYGAs, October 14, 2026) and DepositAccounts (CDs, September 24, 2026).
Hans Goldstein is an independent licensed insurance producer (CA license 4273294, NPN 20602398). Not affiliated with F&G. No carrier paid for this review. Figures are copied from the carrier documents named, with their dates; they change and vary by state. Confirm current terms in the latest disclosure and the contract before buying.
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Hans Goldstein · 213-414-2808 · NPN 20602398, independent licensed insurance producer appointed with multiple A-rated carriers
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Disclosure
This review is based on the carrier's public product materials and rates as of the date shown above. Annuity rates, caps, participation rates, payout factors, and crediting methods change often, sometimes monthly. Confirm current figures in the latest carrier disclosure and the contract before you buy. This is general education, not a personal recommendation or an offer of any product. Hans Goldstein is an independent licensed insurance producer (NPN 20602398) appointed with multiple A-rated carriers; the producer's specific appointment status with the carrier discussed in this review may vary, and this review is not an endorsement or representation of carrier appointment. No carrier paid for this review. Always read the actual contract and consult a licensed advisor before purchasing any annuity. Past index performance does not predict future credited interest. Annuities are long-term contracts with surrender charges; they are not suitable for funds you may need before the end of the surrender period. AM Best ratings and tax treatment are subject to change.