F&G 1-2-3 Fixed Indexed Annuity – Income Flexibility, Market Growth, and Lifetime Protection
At Diversified Insurance Brokers, we specialize in guiding individuals through the complex world of annuities to find the best-fit solution for their retirement needs. One of the most innovative annuity options available today is the F&G 1-2-3 Fixed Indexed Annuity, issued by Fidelity & Guaranty Life Insurance Company. This product stands out for its customizable income options, market-driven growth opportunities, and reliable principal protection—giving policyholders flexibility, security, and control in their financial planning.
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A Tailored Approach to Lifetime Income
The F&G 1-2-3 Annuity offers a unique advantage for individuals who want both guaranteed income and the ability to choose when and how that income begins. It provides two distinct income paths:
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Anytime Income: Withdrawals can begin whenever you’re ready—ideal for retirees seeking flexible access to income.
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Future Income: For those who want to maximize their payout, this option allows you to defer withdrawals and build a larger income base over time.
This flexibility ensures the annuity aligns with your retirement lifestyle and timeline, whether you want immediate access or want to plan for the long run.
Growth Without Market Losses
Like many fixed indexed annuities, the F&G 1-2-3 offers market-linked growth potential with zero downside risk to your principal. You can choose from several powerful index crediting strategies, including:
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S&P 500 Index
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Balanced Asset 5 and Balanced Asset 10 Indexes
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BlackRock Market Advantage Index
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Morgan Stanley US Equity Allocator Index
These strategies allow you to participate in market growth through carefully designed indices, while ensuring your principal is never reduced due to market downturns. This blend of protection and participation is ideal for individuals who want growth with peace of mind.
Accessible, Flexible, and Secure
The F&G 1-2-3 Annuity is designed to be both accessible and adaptable. With a modest minimum premium requirement, it allows a wide range of individuals to take advantage of tax-deferred growth and guaranteed income features.
Other flexible benefits include:
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10% penalty-free withdrawals annually starting after the first year
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Health-related waivers for nursing home confinement, terminal illness, and impairment
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A death benefit that pays out the full accumulation value to beneficiaries
Additionally, the surrender charge schedule is structured to match different financial timelines, providing clarity and consistency in your planning.
Who Should Consider the F&G 1-2-3?
This annuity is a great match for individuals who:
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Want customized income timing and control
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Need a balance of market growth and principal protection
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Value flexible withdrawal options and health-related waivers
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Are interested in building retirement income while keeping legacy protection in place
Whether you’re planning to turn on income now or later, the F&G 1-2-3 gives you the tools to build a secure retirement with options that evolve as your life changes.
The Diversified Insurance Brokers Advantage
At Diversified Insurance Brokers, we provide unbiased, expert advice to help you compare products and choose the right annuity strategy. With access to over 75 top-rated insurance carriers, our advisors work with you to evaluate your goals and ensure every decision aligns with your long-term needs.
We take time to explain the income paths, crediting strategies, and contract features so you’re confident in your choices. If the F&G 1-2-3 is a fit for your plan, we’ll guide you through the application process and help you structure the annuity for maximum value.
Let’s build your retirement income—on your terms.
Talk to an Advisor or Request Your Annuity Quote
Ready to explore this annuity in more detail—or compare it with other carriers to see if even higher rates are available? With guaranteed income, principal protection, and long-term growth potential on the line, making the right choice is essential. The experienced advisors at Diversified Insurance Brokers will guide you through the options and design a strategy tailored to your retirement goals.
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FAQs: F&G 1-2-3 Fixed Indexed Annuity
What is the F&G 1-2-3 Fixed Indexed Annuity?
It is a multi-term fixed indexed annuity offering principal protection, index-linked growth, and a simple ladder-style structure designed to balance flexibility and growth potential.
Why is it called the “1-2-3” annuity?
The product earns its name from its three-phase term structure, which allows the contract’s crediting strategies to reset at planned intervals over the term.
How does the annuity credit interest?
Interest is based on index performance using caps, participation rates, or spreads. Your premium is never directly invested in the stock market.
Does it offer fixed-rate growth options?
Yes. The annuity includes a fixed interest option for savers who want predictable annual growth alongside indexed choices.
Are penalty-free withdrawals available?
Most versions allow annual penalty-free withdrawals up to a set percentage of the account value, typically after the first contract year.
Does the product include a market value adjustment (MVA)?
Some versions include an MVA feature, which may adjust the surrender value based on interest rate changes during early withdrawals.
Is there an income rider option?
While the 1-2-3 FIA focuses on accumulation, optional income riders may be available depending on state approval and distribution channel.
What surrender charge period does it use?
The annuity is available with multi-year surrender schedules, typically aligning with its 1-2-3 tiered crediting structure.
Are required minimum distributions allowed?
Yes. Contracts held in qualified accounts generally allow RMDs to be taken without penalty, even during the surrender period.
Who is the F&G 1-2-3 FIA best suited for?
This annuity suits individuals who want index-based growth but prefer a structured, multi-stage accumulation design with full principal protection.
About the Author:
Jason Stolz, CLTC, CRPC, is a senior insurance and retirement professional with more than two decades of real-world experience helping individuals, families, and business owners protect their income, assets, and long-term financial stability. As a long-time partner of the nationally licensed independent agency Diversified Insurance Brokers, Jason provides trusted guidance across multiple specialties—including fixed and indexed annuities, long-term care planning, personal and business disability insurance, life insurance solutions, and short-term health coverage. Diversified Insurance Brokers maintains active contracts with over 100 highly rated insurance carriers, ensuring clients have access to a broad and competitive marketplace.
His practical, education-first approach has earned recognition in publications such as VoyageATL, highlighting his commitment to financial clarity and client-focused planning. Drawing on deep product knowledge and years of hands-on field experience, Jason helps clients evaluate carriers, compare strategies, and build retirement and protection plans that are both secure and cost-efficient.
