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1 Fidelity & Guaranty Life products are underwritten by OM Financial Life Insurance Company in all states and DC other than New York and, in New York only, OM Financial Life Insurance Company of New York. NOTE: ANY and ALL consumer brochures distributed to a prospective customer, must contain a copy of this message

2 Product Highlights Prosperity Elite Series Fixed Deferred Indexed Annuities ADV 1129 ( )

3 Prosperity Elite Series Fixed Indexed Annuities Product Highlights - Offers guarantees plus upside potential (Subject to caps/declared rate) - Choice of seven interest crediting options - Accumulation, Income, Wealth Transfer, Protection Needs MINIMUM PREMIUM $10,000 ($2,000 per option) Prosperity Elite SM 7 MAXIMUM PREMIUM $1,000,000 ISSUE AGE (age last birthday) Joint owners are permitted with the oldest joint owner as the basis of issue. INDEXED INTEREST CREDITING OPTIONS FIXED INTEREST OPTION MINIMUM GUARANTEED SURRENDER VALUE 0-85 Non-Qualified/18-85 Qualified 1. One-year monthly point-to-point with a cap Minimum cap per year: 1% 2. One-year annual point-to-point with a cap Minimum cap per year: 3% 3. One-year monthly average with a cap Minimum cap per year: 3% 4. Two year point-to-point with a cap Minimum cap per year: 3% 5. Three year point-to-point with a cap Minimum cap per year: 3% 6. Point-to-point fixed declared rate on index gain crediting option Minimum declared rate per year: 1% The initial interest rate is GUARANTEED for the first year. A new current interest rate is declared annually and will never be less than the guaranteed minimum effective annual interest rate which is set at issue between 1% and 3% for the life of the annuity contract. Interest is credited daily. 87.5% of premiums, plus daily interest accruing at a rate between 1% and 3%, less applicable surrender charges. The rate is set at issue and fixed for the life of the contract.

4 Prosperity Elite Series Fixed Indexed Annuities Product Highlights BONUS PARTIAL FREE WITHDRAWALS SURRENDER CHARGES The vesting bonus is included in the Enhancement and Protection packages. A vesting bonus of 3% of the initial premium if the Enhancement package is elected or 5% of the initial premium if the Protection package is elected. 7 The bonus amount, plus any interest earned on that amount, then vests over a period of seven years. The vesting schedule is as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 and Up 14% 29% 43% 57% 71% 86% 100% Fully Vested A vesting bonus of 5% of the initial premium if the Enhancement package is elected or 8% of the initial premium if the Protection package is elected. 10 The bonus amount, plus any interest earned on that amount, then vests over a period of ten years. The vesting schedule is as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 and Up 10% 20% 30% 40% 50% 60% 70 80% 90% 100% Fully Vested A vesting bonus of 6% of the initial premium if the Enhancement package is elected or 9% of the initial premium if the Protection package is elected. 14 The bonus amount, plus any interest earned on that amount, then vests over a period of 14 years. The vesting schedule is as follows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 and Up 7% 14% 21% 29% 36% 43% 50% 57% 64% 71% 79% 86% 93% 100% Fully Vested Each contract year, after the end of the first contract year, free partial surrender of up to 10% of the vested account value as of the prior anniversary. 7 Annuity Year: Surrender Charge: 10% 9% 8% 7% 6% 5% 4% 0% 10 Annuity Year: Surrender Charge: 12% 11% 10% 9% 8% 7% 6% 5% 4% 3% 0% SURRENDER VALUES 14 Annuity Year: Surrender Charge: 14.75% 13.75% 12.75% 11.75% 10.75% 10% 9% 8% 7% 6% 5% 4% 3% 2% 0% Lower surrender charges may apply in some states. Please refer to Product Details on SalesLink. The account value, less any applicable surrender charges, is available for full or partial surrender. On a full surrender, the surrender value will not be less than the MGSV.

5 Prosperity Elite Series Fixed Indexed Annuities Product Highlights UNSCHEDULED WITHDRAWALS Up to four unscheduled partial withdrawals may be taken in any annuity year at a minimum withdrawal amount of $500. SYSTEMATIC WITHDRAWALS LIQUIDITY RIDERS DEATH BENEFIT ANNUITIZATION REALLOCATION OF ACCOUNT VALUES ISSUE DATES QUALIFIED PLANS FREE LOOK RATE PROTECTION ON SECTION 1035 EXCHANGES/QUALIFIED TRANSFERS The client can choose an automatic payment of either a specific amount or interest only on a recurring basis. Surrender charges may apply. Minimum payment per mode is $100. Frequency can be monthly, quarterly, semiannual or annual. Surrender charges will be waived when any of the following benefits are exercised under the terms as defined by these riders. Payout is based on the Total Account Value, which includes 100% of the bonus amount regardless of the vesting schedule. Please refer to the Agent Training Manual for specific terms and conditions. Nursing Home Terminal Illness Unemployment Home Health Care Riders subject to state availability. For more information refer to State Availability on SalesLink. Surrender charges will be waived if the owner dies. If the MGSV is greater than the account value, the MGSV will be paid. The client must annuitize no later than the maturity date. The maturity date is fixed at contract issue and is no later than the contract anniversay following the annuitant s (or the oldest annuitant s if a second annuitant is named) 100th birthday. If annuitization occurs in the first five contract years, we will apply the greater of the surrender value and MGSV. If annuitization occurs in the sixth contract year or later, we will apply the greater of the account value and MGSV. Some states allow waiver of surrender charges upon annuitizing prior to the fifth contract year. For more information refer to Product Details on SalesLink. Account value may be moved among interest crediting options on interest crediting anniversaries after any applicable indexed interest credits are applied. The amount allocated must be moved in increments of at least $2,000, subject to minimum account value constraints for each option. The reallocation will become effective on the interest crediting anniversary. Annuities are issued with an effective date of the 1st, 8th, 15th or 22nd of the month. Applications and premium must be received in good order two business days prior to the effective date. Applications and premium are held without interest until the next available effective date. Rollovers from IRAs, 401(k), 403(b), pension or profit sharing plans. 10 days or longer as required by state law. 60 days

6 Prosperity Elite Series Fixed Indexed Annuities Product Highlights FG Prosperity Index-Safety Elite 7, 710 & 10 & 14 MONTHLY POINT-TO-POINT WITH A CAP ANNUAL POINT-TO-POINT WITH A CAP MONTHLY AVERAGING WITH A CAP TWO YEAR POINT-TO-POINT WITH A CAP THREE YEAR POINT-TO-POINT WITH A CAP Point-to-Point Fixed Declared Rate on Index Gain 1. The monthly point-to-point index change is determined by subtracting the prior month s index value from the current month s index value and dividing it by the prior month s index value. 2. If this results in a positive index change and is not more than the declared cap, it is used as the capped index change for that month. If the index change is greater than the declared cap, the declared cap rate is used as the capped index change for that month. If the index change is negative, a negative index change is used for that month. A negative monthly point-to-point index change is not subject to a floor. 3. At the end of the annual index interest crediting period, the positive capped and negative index changes for each month during the period will be added together on the index interest crediting date. The sum will be the rate used in calculating the index interest credit. If the sum of the index changes results in a negative value, the index interest credit applied will be zero. There will never be a negative index interest credit. 1. The index value on the current year s anniversary is compared to the index value on the prior year s anniversary. 2. The index change is determined by subtracting the prior anniversary s index value from the current anniversary s index value and dividing it by the prior anniversary s index value. 3. If this results in a positive index change and is not more than the declared cap, it is the rate used to calculate the index credit on the index crediting date. 4. If the index change is negative, a zero percent credit is applied. If the index change is greater than the declared cap, the declared cap rate is used as the index change. The cap is set at the beginning of each contract year and is guaranteed for one year. 1. The index average, calculated at the end of the current year, is determined by averaging the index values, on a monthly basis, over the current year. 2. The index average for the current year is compared to the index value on the prior anniversary. 3. The index change is determined by subtracting the prior anniversary s index value from the index average and then dividing it by the prior anniversary s index value. 4. If this results in a positive index change and is not more than the declared cap, it is the rate used to calculate the index interest credit on the index crediting date. 5. If the index change is negative, a zero percent credit is applied. If the index change is greater than the declared cap, the declared cap rate is credited to the account value. 1. The two-year point-to-point index percentage change is determined by subtracting the starting index value of the crediting period from the index value two years from the index starting value then dividing by the starting index value, the prior anniversary s index value. 2. If this results in a positive index change and is not more than the declared cap, it is applied as the index credit rate. 3. If the index change is negative, a zero percent credit is applied. If the index change is greater than the declared cap, the declared cap is used as the index change. The cap is set at the beginning of each index crediting period. 1. The three-year point-to-point index percentage change is determined by subtracting the starting index value of the crediting period from the index value three years from the index starting value then dividing by the starting index value, the prior anniversary s index value. 2. If this results in a positive index change and is not more than the declared cap, it is applied as the index credit rate, 3. If the index change is negative, a zero percent credit is applied. If the index change is greater than the declared cap, the declared cap is used as the index change. The cap is set at the beginning of each index crediting period. 1. The Declared Rate on Index Gain Crediting Option Rider compares the value of the S&P 500 Index at the beginning and end of the one-year indexed crediting period. 2. If the change of those two values is positive, by any amount, the declared interest rate is credited to the option's account value. 3. If the change of those two values is zero or negative, no interest will be credited to the option's account value. 4. The declared interest rate is set at the beginning of each index crediting period.

7 Additional Enhancement or Protection Package 1 Available with Prosperity Elite SM 7 Prosperity Elite SM 10 Prosperity Elite SM 14 Enhancement Package Protection Package 3 Vested Bonus 3 3 Guaranteed Minimum Death Benefit Enhanced Guaranteed Minimum Death Benefit 3 Enhanced Guaranteed Minimum Withdrawal Benefit Rider 3 Enhancement Package A Vesting Bonus of 3%, 5% or 6% of the Initial Premium Vesting Bonus How does it work? The annuity offers a premium bonus that is calculated as 3%, 5% or 6% 2 of the initial premium. The bonus is credited to the account value at issue, is split equally to each crediting option elected, and is eligible to earn interest based on the crediting options elected. The bonus amount, plus any interest earned on that amount, then vests over a period of seven, ten or fourteen years. The vesting schedules are: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 and Up 14% 29% 43% 57% 71% 86% 100% Fully Vested Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 and Up 10% 20% 30% 40% 50% 60% 70 80% 90% 100% Fully Vested Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Year 11 Year 12 Year 13 Year 14 and Up 7% 14% 21% 29% 36% 43% 50% 57% 64% 71% 79% 86% 93% 100% Fully Vested Vested percentages shown in the vesting schedule are as of the end of the contract year for each crediting option elected. The vested account value available at any given time for free withdrawals, surrenders, or annuitization includes only the vested portion of the bonus amount at that time. The account value available as a Death Benefit includes 100% of any bonus amounts regardless of the portion vested at that time. 1 If you elect either the Enhancement or Protection package, there is an explicit charge which is deducted from the contract s account value annually after the completion of the first contract year. The Enhancement Package charge is 0.40%; the Protection Package charge is 1.10%. 2 Subject to change. Guaranteed Minimum Death Benefit Rider At the death of the owner, the value of the Guaranteed Minimum Death Benefit (GMDB) rider is determined to be the greater of: The annuity s account value, The minimum guaranteed surrender value, or The initial premium plus the premium bonus growing at 5% simple interest up to10 years or until age 85, whichever occurs first. All GMDB values are reduced proportionately by withdrawals previously taken.

8 Additional Enhancement or Protection Package 1 Available with Prosperity Elite SM 7 Prosperity Elite SM 10 Prosperity Elite SM 14 Enhancement Package Protection Package 3 Vested Bonus 3 3 Guaranteed Minimum Death Benefit Enhanced Guaranteed Minimum Death Benefit 3 Enhanced Guaranteed Minimum Withdrawal Benefit Rider 3 Protection Package A Vesting Bonus of 5%, 8% or 9% 2 of the Initial Premium See details outlined in the Enhancement Package. Protection for Longevity: Guaranteed Minimum Withdrawal Benefit (GMWB) Rider The guaranteed minimum withdrawal benefit is designed to provide a guaranteed income amount for life as long as excess withdrawals have not been taken. 3 The longer your client waits to take withdrawal payments, the greater each guaranteed withdrawal payments may be. After election, if account value is subsequently reduced to $0, this rider guarantees that your client will have an income for life. 3 The guaranteed withdrawal payment amount is calculated when your client elects to receive withdrawal payments. The amount of the withdrawal payment is a percentage of the Income Base, an account tracked separately from the account value. The Income Base is the greater of: Your initial premium, plus 18% bonus, Your premium growing at 7.25% compounded for no more than 10 years, Your Vested Account Value minus surrender charges, and The minimum guaranteed surrender value. The GMWB is made up of two different periods: Accumulation Period During the accumulation period the Income Base can grow as defined above, adjusted proportionately for any withdrawals taken prior to election of the withdrawal payments. If the Income Base grows 4, the guaranteed withdrawal payment amount will also grow. Withdrawal Period Your client may begin taking payments through a series of withdrawals annually, semi-annually, quarterly or monthly at ANY time after the first contract year (subject to surrender charges, if any), and after having reached age 50. Your client may take up to the Guaranteed Withdrawal Payment amount which is the maximum amount that can be withdrawn each contract year without negatively affecting the Income Base. In any year if you do not exceed this guaranteed amount this is the amount guaranteed to be paid for your client's lifetime 3, even if the account value falls to zero. The Guaranteed Withdrawal Payment amount is calculated by multiplying the guaranteed withdrawal payment Base by the Guaranteed Withdrawal Percentage and is based on your client's age at the time they elect to receive income payments. Spousal Benefit Income under this rider can be based on the lives of two people as long as they are joint annuitants and legal spouses. In the case of joint annuitants, the guaranteed withdrawal percentage is determined by the age of the younger of the two annuitants at the time income payments are elected. The guaranteed withdrawal payment is guaranteed to be paid until the death of the second annuitant. 5 Termination At contract maturity (age 100% 6 ), should your client elect a payment option of income for life with no guaranteed period, then the annuity payment amount is the greater of the annuity payment amount provided under the base contract for that payout option and the guaranteed withdrawal payment. Should they choose another annuity option per the contract, the annuity payment amount will be based on the annuity payment amount provided under the base contract. Spousal Continuation If the rider is in the accumulation period on the date of the first owner's death, this rider will continue if your spouse continues the contract. The guaranteed withdrawal percentage will be based on your spouse's age, single annuitant, at the time income payments are elected. If the rider is in the withdrawal period, guaranteed withdrawal payments will continue based on the same annuitant's age as it was at the time of owner's death, and will increase upon step-up. Excess Withdrawal An excess withdrawal is a withdrawal that causes the total withdrawals for the contract year to exceed the guaranteed withdrawal payment amount. The income base will be reduced in proportion to the reduction in the account value. The guaranteed withdrawal payment amount will be recalculated following an excess withdrawal. Depending on the amount of the withdrawal, surrender charges and other penalties may apply. Guaranteed Withdrawal Percentages: Annuitant s Age 50 to to to to Single Annuitant 4.00% 5.00% 6.00% 7.00% 8.00% Joint Annuitant 3.00% 4.00% 5.00% 6.00% 7.00% 1 There is an explicit charge for the Protection Package. The charge is 1.10% and is deducted from the contract s account value annually after the completion of the first contract year. 2 Subject to change. 3 If your client elects annuitization under his/her contract, he/she must elect a lifetime payment option as defined in the contract in order to receive payments for life. 4 If your client elects to begin taking withdrawals the Accumulation Period will end, starting the Withdrawal Period. 5 In order for payments to continue until the death of the second annuitant, the second annuitant must elect spousal continuation of the contract and, at the contract maturity must annuitize as defined in the rider. 6 May vary by state.

9 Additional Enhancement or Protection Package 1 Available with Prosperity Elite SM 7 Prosperity Elite SM 10 Prosperity Elite SM 14 Enhancement Package Protection Package 3 Vested Bonus 3 3 Guaranteed Minimum Death Benefit Enhanced Guaranteed Minimum Death Benefit 3 Enhanced Guaranteed Minimum Withdrawal Benefit Rider 3 Protection Package, cont'd Protection against Impairment GMWB includes a valuable feature that guarantees a higher guaranteed income stream while impaired and the account value is more than zero. If your client is a single annuitant, the guaranteed withdrawal payment will be 2 times the standard guaranteed withdrawal payment. If your clients are joint annuitants, the guaranteed withdrawal payment will be 1.5 times the guaranteed withdrawal payment. In order to receive the enhanced guaranteed withdrawal payments the annuitant must be certified by a physician as impaired and expected to be permanently unable to perform at least two out of six activities of daily living (ADLs) as defined in the contract. ADLs include eating, bathing, dressing, transferring, toileting, and continence. Care for the related impairment must be received by a licensed caregiver and cannot be an immediate member of the annuitant's family. To qualify for this benefit all of the following conditions must apply: The contract must be in force for a minimum of five years with no premiums paid for at least three years. (This benefit will not be available until the completion of five contract years.) the annuitant is age 60 or older, the annuitant must be a U.S. resident on the approval date and; must meet ADL guidelines listed above. If impairment conditions cease, the owner can continue withdrawal payments at the original level, even if the account value has been reduced to $0. Protection at Death: Enhanced Guaranteed Minimum Death Benefit Rider At the death of the owner, the beneficiary can choose to receive either: The Income Base of the Guaranteed Minimum Withdrawal Benefit (GMWB) taken in payouts over at least five years (10 years if your client was age 71 or older at the time the contract was issued).or A Guaranteed Minimum Death Benefit that will be the greater of: The annuity s account value, The minimum guaranteed surrender value, and The initial premium plus the premium bonus growing at 5% simple interest up to 10 years or until age 85, whichever comes first. All enhanced GMDB values are reduced proportionately by withdrawals previously taken. If contract is owned jointly, this benefit is only available upon the death of the first owner. 1 If you elect either the Enhancement or Protection package, there is an explicit charge which is deducted from the contract's account value annually after the completion of the first contract year. The Enhancement Package charge is 0.40%; the Protection Package charge is 1.10%.

10 WHAT SHOULD I KNOW ABOUT FIDELITY & GUARANTY LIFE? Incorporated in 1959, Fidelity & Guaranty Life Insurance Company has a solid commitment to serving the individuals it knows best middle market consumers seeking the safety, protection, accumulation and income features of secure life insurance and annuity products. Fidelity & Guaranty Life will continue to offer its series of focused life insurance and annuity products through its independent network of master general agents in every state, other than New York, as well as the District of Columbia. In New York, products are offered through a wholly owned subsidiary, Fidelity & Guaranty Life Insurance Company of New York.

11 Prosperity Elite Form Numbers: API-1013(02-11), ACI-1013(02-11); et al. Guarantees are based upon the claims paying ability of the issuing insurer. Subject to state availability. Certain restrictions may apply. Interest rates subject to change. Indexed interest rates are subject to a cap. Surrender charges may apply to withdrawals. Withdrawals may be taxable and, when made prior to age 59½, may result in tax penalties. Withdrawals will reduce available death benefit. This product is offered on a group or individual basis as determined by state approval. Annuities are long-term investments to help with retirement income needs. Optional provisions and riders may have limitations, restrictions and additional charges. Annuities are issued by Fidelity & Guaranty Life Insurance Company, Baltimore, Maryland. * Standard & Poor s, S&P, S&P 500, Standard & Poor s 500 and 500 are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity & Guaranty Life Insurance Company. The Product is not sponsored, endorsed, sold, or promoted by Standard & Poor s and Standard & Poor s makes no representation regarding the advisability of purchasing the Product.