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Fixed Indexed Annuity

FGNY Index-Choice 10

F&G 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: July 9, 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, income, and liquidity. Index losses credit 0% — the floor — so a down market never reduces your value.

Product analyzer
Illustrative — live CANNEX rates as of July 9, 2026; not a projection or guarantee.
Crediting strategy
Compare against
$264,036
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. Not a projection, quote, or guarantee. Live CANNEX rates as of July 9, 2026.

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

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Live rate data

Run live numbers for FGNY Index-Choice 10

Current rates, riders, crediting strategies, state availability, and contract facts stay scoped to this F&G Annuities and Life product.

Live product data

Rates as of July 8, 2026, based on the latest AdvisorWorld scan of CANNEX data.

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 termAdvisorWorld + 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 · Premium band not shown

S&P 500

S&P 500 Index

6.5% cap rate

Annual cap

1-year term · 10-year surrender · Premium band not shown

S&P 500

S&P 500 Index

monthly sum cap

2.2% cap rate

Monthly sum

1-year term · 10-year surrender · Premium band not shown

Fixed Account

Fixed Account

3% declared rate

Fixed account

1-year term · 10-year surrender · Premium band not shown

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 filing 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 filing 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 filing 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 filing — 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 filing — only the fixed account as a non-S&P option. The headline-cap exposure on this filing 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 filing intentionally trades feature breadth for NY-compliance simplicity.

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All crediting strategies

View rate listings (4 rows)

These are the current crediting strategy listings returned 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

10-yr surrender

Cap: 5.5% · 1-yr

S&P 500 Index

monthly_avg_cap

10-yr surrender

Fixed: 3% · 1-yr

Fixed Account

fixed

10-yr surrender

Cap: 2.2% · 1-yr

S&P 500 Index

monthly_sum_cap

10-yr surrender

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

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 applicable rider fees, Performance Rate Rider or other strategy charges, administrative charges, withdrawals, surrender charges, or 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 surrender period runs 10 years; after that you reach full liquidity. 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 current 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

Single and joint

Contract conversion options should be confirmed before purchase.

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, Surrender waivers

Documents

product guide

indexchoice10.pdf

Confidence: highReviewed Apr 7, 2026

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

Carrier Ratings

AM BestA
S&PA-
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, renewal terms, and fee-bearing rider variants are different mechanics and should not be ranked as one simple rate list.

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

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

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

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