Fidelity & Guaranty Life Insurance Company (IA) (F&G Life), domiciled in the State of Iowa.
Operates as a stock life insurance company and falls under the regulatory oversight of the Iowa Insurance Division.
As an indirect wholly-owned subsidiary of Fidelity National Financial, Inc. (NYSE: FNF).
F&G Life was established in 1959 and maintains its corporate headquarters in Des Moines, Iowa.
| Contact Details | Information |
|---|---|
| Address | 100 F&G Tower, 1200 Walnut Street, Des Moines, IA 50309 |
| Phone | 1-800-344-8376 |
| Website | https://www.fglife.com/ |
Fidelity & Guaranty Life Insurance Company (IA) Services and Products
Fidelity & Guaranty Life Insurance Company (IA)
Also known as F&G Life, is a financial company that provides annuities and life insurance products.
F&G Life is a subsidiary of Fidelity National Financial, a Fortune 500 company.
F&G Life’s services and products include:
Fidelity & Guaranty Life Insurance Company (IA), also known as F&G Life, is a financial company that provides a range of annuities and life insurance products.
F&G Life operates as a subsidiary of Fidelity National Financial, a Fortune 500 company.
F&G Life offers a diverse portfolio of services and products, including:
Annuities
- Fixed Annuities: These provide a secure and predictable income stream in retirement, guaranteeing a rate of return on your investment.
- Fixed Indexed Annuities: Combining safety and growth potential, these annuities offer the potential for higher returns while maintaining some level of risk.
- Variable Annuities: With the potential for higher returns but also higher risk, variable annuities are suited for those comfortable with risk and seeking wealth growth.
Life Insurance
- Term Life Insurance: This option provides coverage for specific periods (e.g., 10, 20, or 30 years), ideal for those safeguarding their family’s financial future during specific life stages.
- Whole Life Insurance: Offering lifelong coverage and the accumulation of tax-free cash value, it’s a choice for those aiming to build wealth for retirement or other financial goals.
- Universal Life Insurance: This flexible insurance type blends death benefit protection with cash value growth, allowing you to customize premiums and allocation towards benefits and cash value.
In addition to these offerings, F&G Life extends its product range to include:
- Juvenile Life Insurance: Safeguarding your child’s financial future in the unfortunate event of their passing.
- Rider Benefits: Additional coverage, such as protection for accidental death or disability, can be added to your life insurance policy.
- Business Life Insurance: Helping protect businesses from the financial repercussions of a key employee’s demise.
F&G Life maintains a strong financial position with an A- rating from AM Best, S&P Global, and Fitch Ratings, ensuring its ability to meet financial obligations.
To access F&G Life’s products and services, their products are available through a network of independent agents.
You can contact a local independent agent to explore and learn more about their offerings.
F&G Life’s Financial Details:
- Total Assets: Amounting to $40.0 billion, indicating the company’s substantial size and established financial presence.
- Net Income: Stands at $1.4 billion, signifying the company’s profitability and financial stability.
- Financial Rating: F&G Life holds an A+ (Superior) rating from A.M. Best, highlighting its exceptionally strong financial standing.
Analysis:
- F&G Life’s $40.0 billion in total assets underscores its position as a significant and well-established financial institution.
- With a net income of $1.4 billion, F&G Life demonstrates robust financial health, ensuring profitability.
- The A+ (Superior) financial rating from A.M. Best confirms F&G Life’s capability to meet its financial commitments and further strengthens its financial position.
Overall, F&G Life’s financial details are exceedingly positive, showcasing its substantial size, profitability, and top-tier financial rating.
Additional Information:
- The company’s financial strength reassures customers, ensuring that it can fulfill claims in the event of a covered event, such as death.
- F&G Life’s superior financial rating instills confidence among customers regarding the company’s long-term stability and presence in the market.
Fidelity & Guaranty Life Insurance Company (IA) Claims Process:
Initiate Contact:
Start the claims process by reaching out to F&G Life’s customer service line at 1-800-344-8376. You must furnish your policy number and claim specifics.
Claims Adjuster Assignment:
After contacting F&G Life, a claims adjuster will be designated to handle your case.
This adjuster will be responsible for investigating and rendering a decision on your claim.
Evidentiary Support:
The claims adjuster will require supporting evidence for your claim, which could encompass medical records, death certificates, or police reports.
You are responsible for providing all pertinent evidence at your disposal.
Cooperate and Respond:
The claims adjuster may pose questions regarding your claim.
It’s crucial to be forthcoming and cooperative to facilitate a fair and informed decision.
Await Decision:
Once the claims adjuster completes their investigation, they will determine the fate of your claim.
An approved claim results in a payment from F&G Life, while a denied claim allows you the opportunity to appeal the decision.
Additional Tips for Claimants:
Provide the claims adjuster with comprehensive information regarding your claim to expedite processing.
Maintain honesty and cooperation throughout interactions with the claims adjuster.
Keep copies of all documentation submitted to the claims adjuster.
If you have any inquiries concerning the claims process, don’t hesitate to reach out to the claims adjuster or F&G Life’s customer service line.
F&G Life is dedicated to delivering a transparent and efficient claims process, striving to process claims swiftly and disburse benefits promptly to its customers.
Cancellations and Renewals:
Cancellation Option:
You have the flexibility to cancel your F&G Life policy at any time.
However, if the cancellation occurs before the surrender period ends, surrender charges may apply.
These charges are highest in the early policy years and gradually decrease over time.
Renewal Process:
To renew your F&G Life policy, you’ll be required to remit the renewal premium.
F&G Life will dispatch a renewal notice prior to your policy’s expiration, containing details about the renewal premium amount and the due date.
Affiliates and Partnerships:
Affiliation with FNF:
F&G Life maintains an affiliation with Fidelity National Financial, Inc. (FNF), a diversified financial services company offering various products and services, including title insurance, escrow services, and specialty insurance.
Strategic Partnerships:
F&G Life has cultivated partnerships with numerous financial advisors and investment firms.
Expanding its ability to provide a broader range of products and services to a more extensive customer base.
Customer Reviews:
- Customer Reputation: F&G Life garners a favorable reputation among its clientele. It boasts a Trustpilot rating of 4.2 out of 5 stars and a Google Reviews rating of 4.1 out of 5 stars.
Benefits of Choosing Fidelity & Guaranty Life Insurance Company (IA):
Strong Financial Rating:
F&G Life holds a robust financial rating, ensuring confidence in its ability to meet financial obligations.
Diverse Product Portfolio:
F&G Life offers a broad spectrum of products and services, catering to various financial needs.
Competitive Rates:
Customers benefit from competitive rates, enhancing the value of their insurance and annuity products.
Excellent Customer Service:
F&G Life maintains a good reputation for providing quality customer service, ensuring a positive experience for its clients.
Frequently Asked Questions (FAQs):
-
- Fixed Annuity vs. Fixed Indexed Annuity:
- A fixed annuity guarantees an interest rate.
- A fixed indexed annuity offers the potential for higher returns but comes with some risk.
- Term Life Insurance vs. Whole Life Insurance:
- Term life insurance covers a specified period, like 10, 20, or 30 years.
- Whole life insurance provides lifetime coverage.
- Universal Life Insurance vs. Whole Life Insurance:
- Universal life insurance is flexible, allowing you to modify the death benefit and premium payments.
- Whole life insurance has fixed death benefits and premium payments.
- Filing a Claim with Fidelity & Guaranty Life Insurance Company(IA):
- To initiate a claim with F&G Life, contact their customer service line at 1-800-344-8376.
- Fixed Annuity vs. Fixed Indexed Annuity:
Eric White
CURRENTLY
Content Writer, Insurance Insights
RESIDES IN
Texas
EDUCATION
University of Texas
EXPERTISE
Insurance Writing, Risk Management, Claims Assessment, Customer Education
Summary
Eric White, a proficient Content Writer at Insurance Insights, brings a unique perspective to the insurance industry. With a solid foundation in insurance writing, risk management, claims assessment, and customer education, Eric plays a pivotal role in creating insightful and accessible content.
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Experience
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Based in Texas, Eric contributes significantly to Insurance Insights, leveraging his expertise to provide valuable insights into the world of insurance. His dedication to making insurance-related topics accessible sets him apart in the industry.
Education
Eric White earned his educational credentials from the University of Texas, where he honed his skills and gained in-depth knowledge of insurance writing, risk management, and claims assessment. His commitment to staying at the forefront of industry trends ensures that he continues to be a valuable asset to the insurance field.
Eric has won various awards like
- Insurance Insight Pioneer Award:
- Acknowledging Eric’s groundbreaking work in transforming insurance writing and making it accessible to a wider audience.
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