F&G Life's WealthMaster Classic Offers a Death Benefit You Can't Outlive

BALTIMORE--(PRNewswire)--Fidelity & Guaranty Life Insurance Company introduces WealthMaster Classic. With a no-lapse premium guarantee to age 100, WealthMaster Classic is a fixed universal life insurance product developed for those seeking lifetime guarantees coupled with affordable premiums.

Fidelity & Guaranty Life's WealthMaster Classic offers the best of all worlds approach combined in a single universal life policy. With an extended maturity feature, the entire death benefit will remain in force beyond age 100, as long as there is a minimum of $1 of cash value. Plus, the flexible premiums allow clients to adjust payments to correspond with changes in their financial situation and be able to "catch up" to keep valuable policy benefits in place later on.

"With WealthMaster Classic, we provide clients an unparalleled benefit- driven policy to meet their various needs for protection," said John Phelps, vice president of Brokerage Life Sales at F&G Life. Phelps added, "As an added benefit, WealthMaster Classic offers the utmost in guarantees and liquidity giving customers security and peace of mind in times of uncertainty."

WealthMaster Classic incorporates a surrender charge waiver that provides exceptional liquidity for policyholders. The policy also provides "No Cost Loans" after the tenth coverage year, 50 basis points of additional interest in years 11 through 20 and one percent of additional interest each year after the 20th year. All premiums in excess of target in any policy year flow to the guaranteed surrender value minus a small premium load. Other impressive benefits that may be added to enhance coverage include an Accelerated Death Benefit**, Disability Income Rider**, Waiver of Monthly Deduction Benefit**, Accidental Death Benefit Rider**, Children's Level Term Insurance Rider**, Additional Life Coverage Rider**.

For a complete listing of the WealthMaster Classic features contact a licensed sales representative appointed with F&G Life, visit http://www.fglife.com/, or contact an F&G Life sales support representative at 1-800-445-6758. Policy form number FGL UL-C (12-01) may not be available in all states.

About F&G Life
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 member of the Old Mutual plc family of companies.

About Old Mutual plc
Founded in 1845, the Old Mutual group managed in excess of $208 billion in funds as of December 31, 2001 and has approximately 3.8 million life assurance policyholders, 2.4 million banking customers, 400,000 short-term insurance policyholders and more than 900,000 unit trust accounts worldwide. Old Mutual's primary listing is on the London Stock Exchange (LONDON: OML) and they rank as a Fortune Global 500 company and FTSE 100 financial services group.

** Some optional benefit riders may not be available in all states. Riders may require additional premiums.

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Fidelity & Guaranty Life Insurance Company
CONTACT: Siobhan McNulty of Fidelity & Guaranty Life, +1-888-697-5433

Web site: http://www.fglife.com/