Fixed index annuity review and rates

Power 10 Protector Plus Income

The Power 10 Protector  Plus Index Annuity offers you a valuable combination of growth potential, tax deferral, and principal protection from market downturns. This blend of accumulation and protection features may be the solution to achieving the retirement you envision. 
  • The Lifetime Income Choice is automatically included at contract issue in select Power Series Index Annuities for an annual fee of 1.1% of the Income Base.  Max Income or Level Income must be elected at contract issue and cannot be changed after the election. 
  • The GLB rider provides you with a choice of two-income options. The option you choose depends upon whether you want to generate higher income early in retirement (see Max Income below) or maintain a more consistent stream of payments (see Level Income below). The applicable withdrawal percentage when you activate income is the maximum annual withdrawal percentage maximum annual withdrawal amount; and when your contract value is reduced to zero, the applicable income payment percentage guaranteed for life is the protected income payments payment percentage. The annual withdrawal amount and Projected income payment percentage are based on which income option you elect, your choice of single life or joint life, and the age of the covered person when you activate Lifetime Income (the younger of two covered persons if joint lives).
  • Level Income Option: The maximum annual withdrawal amount and the Projected Income Payment Percentage used to calculate your Lifetime Income will be the same. This means that if your contract value is reduced to zero, your Lifetime Income amount will not change, assuming no Excess Withdrawals.
  • Max Income Option: The Maximum withdrawal Amount will be higher than the  Projected Income Payment Percentage. This means that your initial Lifetime Income withdrawals will be higher than under the Level Income option, but only until the contract value is reduced to zero. At that time the Projected Income Payment Percentage, a lower percentage, will be used to calculate your Lifetime Income payments. The Max Income option helps you optimize income during the early years of retirement when spending tends to be the highest. With high initial withdrawal rates of up to 7.25%, you'll need less money to generate the income you want for your financial future than with comparable products with lower withdrawal rates.
  • Should your contract value become depleted, you're guaranteed to receive the Protected Income Payment Percentage of up to 4.00% for life.
Important Note: Max Income does not mean that you would receive more income than under the Level Income option over the life of the contract; it refers to the higher payments upon activation. Also, under both options, Excess Withdrawals will reduce income; and if they reduce the contract value to zero, the contract and the benefit will terminate.
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.4% Fixed
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
360% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
260% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
285% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
185% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
195% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
140% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
135% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
130% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
95% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
60% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.75% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
62% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year Fixed Account
Fixed
4.4% Fixed
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
375% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
275% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
300% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
200% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
220% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
165% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
160% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
145% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
110% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
110% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
65% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
77% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
115% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Lifetime Income Choice Level Income Yes 1.10% annually
Lifetime Income Choice Max Income Yes 1.10% annually
American General Life Insurance Company
Founded: 1919
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A2
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and TSP