Old Mutual Financial Network Introduces Safety Index 4, 7 and 10

This product is offered on a group or individual basis as determined by state availability. Policies issued by Fidelity and Guaranty Insurance Company, Baltimore, MD. The minimum guaranteed surrender value on a full surrender is 100% of premium, plus daily interest accruing at the MGSV accumulation...

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Bibliographic Details
Published inBusiness Wire p. 1
Format Newsletter
LanguageEnglish
Published New York Business Wire 10.08.2006
Subjects
Guarantees
Interest rates
Life insurance
BALTIMORE
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Summary:This product is offered on a group or individual basis as determined by state availability. Policies issued by Fidelity and Guaranty Insurance Company, Baltimore, MD. The minimum guaranteed surrender value on a full surrender is 100% of premium, plus daily interest accruing at the MGSV accumulation interest rate, less any current surrender charges. The 3% rate is set at issue fixed for the life of the contract. MGSV is reduced by prior withdrawals and adjusted for any reallocations. Withdrawals may be subject to income tax and IRS penalty tax if made before age 59 1/2. Consult your tax advisor regarding your unique situation. Surrender charges may apply to withdrawals. May lose value if surrendered early. No bank guarantee. Not FDIC/NCUA/NCUSIF insured.