Fidelity and Guaranty Life: How Government Insurance Protects Your Policy

What Is Government‑Backed Insurance for Life Policies?

Fidelity and Guaranty Life (F&G) partners with the National Credit Union Administration's (NCUA) National Credit Union Share Insurance Fund to protect policyholders. The fund covers up to $250,000 per individual per institution, ensuring that if F&G cannot pay claims, the NCUA steps in to cover the guaranteed portion.

Coverage Limits and How They Apply

The NCUA insurance applies only to the guaranteed portion of the policy. For example, if you have a $500,000 term policy with $250,000 guaranteed, the NCUA would cover the guaranteed $250,000 if the company defaults. The remaining $250,000 would be at risk if F&G were insolvent.

Why It Matters for Policyholders

Government backing increases confidence in the insurer's solvency. It does not eliminate the need for careful underwriting or financial review, but it provides a safety net that is recognized by regulators and financial advisors alike.

How to Verify Your Policy's Coverage

Check the policy declaration page for the NCUA insurance notation. Contact F&G's customer service and request a copy of the guaranty statement. If your policy was issued after 2015, it should automatically include the NCUA guarantee unless it falls outside the coverage criteria.

Limitations and Exclusions

The guarantee does not cover:

• Policies issued before the NCUA guarantee became effective (pre‑2015 in some states).
• Claims for policy lapses due to non‑payment of premiums.
• Certain rider benefits that are not part of the guaranteed principal.

Comparing F&G to Other Insurers with Government Guarantees

Steps to Take if You're Concerned

1. Review your policy documents for the NCUA notation.2. Confirm the guaranteed amount is correctly reflected.3. If unsure, speak with a licensed financial advisor about the implications of the guarantee on your estate planning.