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Fixed Indexed Annuity

FGNY Index-Choice 10 — Fg Annuities And Life

Fg Annuities And Life

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6.5%

Best S&P 500 Annual Cap

10%

Free W/D

New York

Only state

Product data status: September 24, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Model this product

See what FGNY Index-Choice 10 would do for you

Set your numbers and switch between growth strategies and liquidity scenarios. Negative index performance does not produce a negative index credit. Fees, withdrawals and surrender charges can reduce contract value.

Product analyzer
Illustrative — live CANNEX rates as of September 24, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$269,317
Est. value at age 80 (FGNY Index-Choice 10)
2%
Premium bonus offered
S&P 500 Index — 6.5% Cap (Annual)
✦
How crediting works: the cap limits positive index returns; a down year credits 0%, never a loss. A cap strategy tracks the index within its terms. What is a cap vs participation? →
Assumptions: illustrative — applies FGNY Index-Choice 10's published cap rate (6.5% on S&P 500 Index) to a standard benchmark hypothetical index path (~5.4%/yr average, including down years) with a 0% floor over 20 years. Growth starts from a bonus-adjusted illustrative account value: $100,000 premium + $2,000 premium bonus (2%) = $102,000. Bonus vesting and withdrawal treatment follow the contract. Not a projection, quote, or guarantee. Live CANNEX rates as of September 24, 2026.

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See how FGNY Index-Choice 10 compares for your age, state, premium, and income goals alongside other Fg Annuities And Life fixed indexed annuity options.

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rate data

Run numbers for FGNY Index-Choice 10

rates, riders, crediting strategies, state availability, and contract facts stay scoped to this Fg Annuities And Life product.

Live product data

Rates as of September 24, 2026, from AdvisorWorld and CANNEX.

S&P 500 annual cap rate

6.5% cap on S&P 500

F&G's New York-only fixed indexed annuity — a ten-year-surrender contract issued by the carrier's NY subsidiary with a focused strategy menu (an S&P 500 annual point-to-point cap plus a fixed account), a small premium bonus, two surrender waivers, and three-agency financial-strength corroboration.

1-year term10-year surrenderDoes not vary by premiumAdvisorWorld + CANNEX data

Best fit

New York residents who want an F&G fixed indexed annuity (the carrier's broader FIA shelf is not available to NY buyers), accept a simple S&P-only crediting menu on a ten-year deferral, and value a small upfront premium bonus and a higher guaranteed fixed-rate floor than the typical FIA.

AM Best

A Excellent

Surrender period

10 years

Free withdrawal

10%/yr

Availability

New York only

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

monthly avg cap

5.5% cap rate

Monthly cap

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

6.5% cap rate

Annual cap

1-year term · 10-year surrender · Does not vary by premium

S&P 500

S&P 500 Index

monthly sum cap

2.2% cap rate

Monthly sum

1-year term · 10-year surrender · Does not vary by premium

Fixed Account

Fixed Account

3% declared rate

Fixed account

1-year term · 10-year surrender · Does not vary by premium

Product analyst notes

How to think about this contract

Why it can stand out

  • This is F&G's New York-only fixed indexed annuity filing — issued by the NY subsidiary specifically to meet the state's distinct insurance-product rules. Most of F&G's broader FIA shelf is not available to New York residents at all, so this contract is the F&G FIA option for buyers in NY.
  • Carrier financial-strength is rated by three independent agencies (A.M. Best, S&P, and Moody's), so the strength view is corroborated across multiple agencies rather than resting on a single-source read.
  • Strategy menu is intentionally simple — an annual point-to-point cap on the unmanaged S&P 500 plus a fixed-account option — so the buyer is not asked to evaluate a long list of proprietary volatility-controlled indexes. The headline cap can be compared like-for-like to peer FIAs without index-mechanics complications.
  • A small premium bonus is credited at issue per the published features, and the guaranteed-minimum fixed-rate floor on this contract is notably higher than the typical F&G filing — both features reflect the more conservative product design New York regulators require.

What to confirm

  • This contract is sold only in New York — every other US jurisdiction is outside its addressable footprint. Buyers outside NY should look at F&G's standard ROC (rest-of-country) filings (Power Accumulator, AccumulatorPlus, 1-2-3, etc.), which are issued by the parent F&G Annuities & Life entity under different state insurance frameworks.
  • This contract is not a guaranteed-lifetime-withdrawal product. There is no optional GLWB income rider attached — the live feed shows an empty income-rider list — so a buyer who needs a contractually defined lifetime payout should not compare this contract side-by-side with a rider-led income FIA. NY-issued FIAs typically offer a narrower product feature set than the equivalent ROC filings.
  • The ten-year surrender term is at the long end of the FIA market, with a first-year surrender charge well into the high single digits. NY-specific surrender-charge regulations apply, so buyers should verify the schedule against the contract documents before committing premium. Only two surrender-charge waivers (nursing home, terminal illness) are attached to this contract — one fewer than the typical F&G ROC filing.
  • The narrow strategy menu means a buyer whose accumulation view differs from the S&P 500 outlook has no alternatives on this contract — only the fixed account as a non-S&P option. The headline-cap exposure on this contract is to a single recognizable benchmark, with no diversification across other indexes.

Not ideal for

Buyers outside New York (look at F&G's standard ROC filings — Power Accumulator, AccumulatorPlus, 1-2-3 — none of which require purchase in NY), buyers who want a guaranteed-lifetime-withdrawal income rider on the contract, or buyers who want a broad strategy menu spanning small-cap, international, or volatility-controlled indexes — this contract intentionally trades feature breadth for NY-compliance simplicity.

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All crediting strategies

View rate listings (4 strategies)

These are the current crediting strategies available for this product. Use the filters to narrow by index, term, premium band, or rate type.

Cap: 6.5% · 1-yr

S&P 500 Index

cap · 0% annual strategy fee

10-yr surrenderDoes not vary by premium

Cap: 5.5% · 1-yr

S&P 500 Index

monthly_avg_cap · 0% annual strategy fee

10-yr surrenderDoes not vary by premium

Fixed: 3% · 1-yr

Fixed Account

fixed · 0% annual strategy fee

10-yr surrenderDoes not vary by premium

Cap: 2.2% · 1-yr

S&P 500 Index

monthly_sum_cap · 0% annual strategy fee

10-yr surrenderDoes not vary by premium

Accumulation profile

Accumulation-focused contract

The CANNEX information identifies this product as tax-deferred accumulation. Compare cap, participation rate, fees, liquidity, and surrender terms; use a separate payout-focused contract when guaranteed payout mechanics are required.

Common questions about FGNY Index-Choice 10

● Can I lose money in FGNY Index-Choice 10?

A negative index return by itself does not reduce the contract's account value: FGNY Index-Choice 10 credits 0% — the floor — for that indexed period. The account value can still decrease from withdrawals, surrender charges, other contract-specific deductions. In years with no credited interest, those deductions can reduce the account value. Up to 10% of your value can be withdrawn each year without a charge; withdrawals above the penalty-free amount during the surrender period can incur a surrender charge.

● When can I access my money without a surrender charge?

Up to 10% of your account value each year is penalty-free. The scheduled surrender charges run 10 years; after that the surrender-charge schedule ends. Bonus vesting, market value adjustments when applicable, and other contract rules can still affect the amount available. The Liquidity tab of the analyzer shows the year-by-year surrender charge.

● How do FGNY Index-Choice 10's crediting strategies compare?

Use "Compare against" in the analyzer to overlay another available FGNY Index-Choice 10 strategy on the same premium, age, years, and hypothetical index path. The control labels the strategy type, rate, index, and context so caps, participation rates, triggers, spreads, and fixed-account choices are not treated as interchangeable.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Premium bonus

2%

Bonus terms can vary by state, premium band, and rider election.

Death benefit

Standard AV Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Cap-rate floor

1.00%

Minimum guaranteed cap for cap-based indexed strategies.

Fixed account guarantee

2.75%

Guaranteed minimum interest rate for the fixed account.

Participation-rate floor

100.00%

Minimum guaranteed participation rate for participation-rate indexed strategies.

Annuitization options

Certain period, Joint life, Single life

Published payout options from the normalized contract facts.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

10%

Yr 2

10%

Yr 3

10%

Yr 4

9%

Yr 5

8%

Yr 6

7%

Yr 7

6%

Yr 8

5%

Yr 9

4%

Yr 10

2%

After

0%

Nursing home waiver, Terminal illness waiver

Documents

product guide

indexchoice10.pdf

Confidence: highReviewed Apr 7, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA
FitchA-
Moody'sA3
S&PA-

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

FGNY Index-Choice 10 currently shows 4 indexed or fixed crediting options, including S&P 500 Index and Fixed Account. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 5.5% monthly cap, 0% annual strategy fee
  • S&P 500 Index: 6.5% annual cap, 0% annual strategy fee
  • S&P 500 Index: 2.2% monthly cap, 0% annual strategy fee
  • Fixed Account: 3% fixed account rate, 0% annual strategy fee

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 10 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as indexchoice10.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 8, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

Free Comparison Report

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See how FGNY Index-Choice 10 compares for your age, state, premium, and income goals alongside other Fg Annuities And Life fixed indexed annuity options.

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