F&G Life's WealthMaster Classic Offers A Death Benefit You Can't Outlive.Business Editors BALTIMORE--(BUSINESS WIRE)--June 3, 2002 Fidelity & Guaranty Life Insurance Company introduces WealthMaster Classic. With a no-lapse premium guarantee to age 100, WealthMaster Classic is a fixed universal life insurance product developed for those seeking lifetime guarantees coupled with affordable premiums. Fidelity & Guaranty Life's WealthMaster Classic offers the best of all worlds approach combined in a single universal life policy. With an extended maturity feature, the entire death benefit will remain in force beyond age 100, as long as there is a minimum of $1 of cash value. Plus, the flexible premiums allow clients to adjust payments to correspond with changes in their financial situation and be able to "catch up" to keep valuable policy benefits in place later on. "With WealthMaster Classic, we provide clients an unparalleled benefit-driven policy to meet their various needs for protection," said John Phelps John Phelps may refer to:
WealthMaster Classic incorporates a surrender charge Surrender Charge A fee levied on a life insurance policyholder upon cancellation of his or her life insurance policy. The fee is used to cover the costs of keeping the insurance policy on the insurance provider's books. waiver that provides exceptional liquidity for policyholders. The policy also provides "No Cost Loans" after the tenth coverage year, 50 basis points of additional interest in years 11 through 20 and one percent of additional interest each year after the 20th year. All premiums in excess of target in any policy year flow to the guaranteed surrender value surrender value See cash surrender value. minus a small premium load. Other impressive benefits that may be added to enhance coverage include an Accelerated Death Benefit(1), Disability Income Rider(1), Waiver of Monthly Deduction Benefit(1), Accidental Death Benefit A provision of a life insurance policy stating that if the insured—the person whose life has been insured—dies in an accident, the beneficiary of the policy—the person to whom its proceeds are payable—will receive twice the face value of the policy. Rider(1), Children's Level Term Insurance Rider(1), Additional Life Coverage Rider(1). For a complete listing of the WealthMaster Classic features contact a licensed sales representative appointed with F&G Life, visit www.fglife.com, or contact an F&G Life sales support representative at 800/445-6758. Policy form number FGL 1. FGL - Flow Graph Lisp. A distributed dataflow language for AMPS (Applicative Multi-Processing System). "A Loosely-Coupled Applicative Multi-Processing System", R. Keller et al, NCC, AFIPS June 1979, pp.613- 622. 2. FGL - Function Graph Language. Related to FEL. UL-C (12-01) may not be available in all states. About F&G Life F&G Life has offered a diverse portfolio of life insurance and annuity products since 1959. The company is one of the nation's leading providers of term and universal life insurance, deferred and immediate annuities, and structured settlement and tax-sheltered annuities. Based in Baltimore, Maryland, F&G Life is a member of the Old Mutual plc family of companies. About Old Mutual plc Founded in 1845, the Old Mutual group managed in excess of $208 billion in funds as of December 31, 2001 and has approximately 3.8 million life assurance policyholders, 2.4 million banking customers, 400,000 short-term insurance policyholders and more than 900,000 unit trust accounts worldwide. Old Mutual's primary listing is on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (LSE LSE - Language Sensitive Editor :OML OML Object Manipulation Language (ODMG) OML Ordinary Maternity Leave (UK) OML Order of Merit List OML Orquestra Metropolitana de Lisboa (Portugese) OML Oil Mining License ) and they rank as a Fortune Global 500 company and FTSE FTSE A company that specializes in index calculation. Although not part of a stock exchange, co-owners include the London Stock Exchange and the Financial Times. Notes: The FTSE is similar to Standard & Poor's in the United States. 100 financial services group. (1) Some optional benefit riders may not be available in all states. Riders may require additional premiums. |
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