Fidelity & Guaranty Select Provides Flexibility and a Multi-Year Rate Guarantee

Apr 02, 2001, 01:00 ET from Fidelity and Guaranty Life Insurance Company

    BALTIMORE, April 2 /PRNewswire/ -- Fidelity & Guaranty Life Insurance
 Company (F&G Life) has launched a single premium deferred annuity that
 provides a choice of guaranteed interest rates for 5,7, or 10 years.  The
 annuity, named Fidelity & Guaranty Select(SM), also provides consumers with
 free withdrawals of accumulated interest and surrender charge periods that
 match the number of years the interest rate is guaranteed.
     "Fidelity & Guaranty Select offers individuals the flexibility of choosing
 a guaranteed interest rate for a selected period of time, and accessibility to
 their retirement money, instead of guessing what their interest earnings may
 be during an uncertain economy," said Harry N. Stout, president of F&G Life.
     In addition to guaranteeing the initial interest rate for 5,7, or 10
 years, Fidelity & Guaranty Select also offers a 1% first year interest rate
 bonus, the ability to have surrender charges waived in the event of nursing
 home confinement, terminal illness, or unemployment, and a 30-day window at
 the end of each interest rate guarantee period to decide if you want to
 withdrawal all of your funds or renew for a new guarantee period.
     The Fidelity & Guaranty Select annuity can be issued to individuals who
 are looking to build their retirement nest egg with as little as $2,000 of
 pre-taxed money, or $5,000 of after-tax money.
     For more information about Fidelity & Guaranty Select or any of F&G Life's
 products, contact a licensed sales representative, visit www.fglife.com, or
 contact an F&G Life sales support representative at 1-800-445-6758.
     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 subsidiary of The St. Paul Companies.
     The St. Paul Companies (NYSE:   SPC) headquartered in Saint Paul, Minnesota
 provides commercial property-liability insurance and non-life reinsurance
 worldwide.  The St. Paul ranked No. 204 on the Fortune 500 list of largest
 U.S. companies and reported 2000 revenues of more than $8.6 billion and total
 assets of $41 billion.
 
 

SOURCE Fidelity and Guaranty Life Insurance Company
    BALTIMORE, April 2 /PRNewswire/ -- Fidelity & Guaranty Life Insurance
 Company (F&G Life) has launched a single premium deferred annuity that
 provides a choice of guaranteed interest rates for 5,7, or 10 years.  The
 annuity, named Fidelity & Guaranty Select(SM), also provides consumers with
 free withdrawals of accumulated interest and surrender charge periods that
 match the number of years the interest rate is guaranteed.
     "Fidelity & Guaranty Select offers individuals the flexibility of choosing
 a guaranteed interest rate for a selected period of time, and accessibility to
 their retirement money, instead of guessing what their interest earnings may
 be during an uncertain economy," said Harry N. Stout, president of F&G Life.
     In addition to guaranteeing the initial interest rate for 5,7, or 10
 years, Fidelity & Guaranty Select also offers a 1% first year interest rate
 bonus, the ability to have surrender charges waived in the event of nursing
 home confinement, terminal illness, or unemployment, and a 30-day window at
 the end of each interest rate guarantee period to decide if you want to
 withdrawal all of your funds or renew for a new guarantee period.
     The Fidelity & Guaranty Select annuity can be issued to individuals who
 are looking to build their retirement nest egg with as little as $2,000 of
 pre-taxed money, or $5,000 of after-tax money.
     For more information about Fidelity & Guaranty Select or any of F&G Life's
 products, contact a licensed sales representative, visit www.fglife.com, or
 contact an F&G Life sales support representative at 1-800-445-6758.
     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 subsidiary of The St. Paul Companies.
     The St. Paul Companies (NYSE:   SPC) headquartered in Saint Paul, Minnesota
 provides commercial property-liability insurance and non-life reinsurance
 worldwide.  The St. Paul ranked No. 204 on the Fortune 500 list of largest
 U.S. companies and reported 2000 revenues of more than $8.6 billion and total
 assets of $41 billion.
 
 SOURCE  Fidelity and Guaranty Life Insurance Company