Fixed index annuity review and rates

Power 5 Protector

Power 5 Protector is part of The Power Series of Index Annuities — fixed index annuities (FIAs) that are issued by American General Life Insurance Company (AGL). They are insurance contracts, not direct investments in the stock market or any particular index. In exchange for your money (premium), the FIA provides you with the opportunity to earn interest based on specific indices or a fixed rate. When you need income, AGL promises to make regular income payments through annuitization (a process that permanently converts your contract to retirement income for no cost).

RJ Banks
RJ Banks version of this product does not offer 5-yr S&P 500 PTP, PIMCO Crediting Strategies, or 2-yr MLSB PTP strategy
Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, 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% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
165% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
265% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
240% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
340% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
130% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
125% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
175% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
85% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
85% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
115% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
55% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.15% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% Participation
5-Year S&P 500 PTP Cap
Point to Point
5-Year
53% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year Fixed Account
Fixed
4% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
180% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
280% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
255% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
355% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
155% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
150% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
200% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
100% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
100% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
130% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
60% Participation
5-Year S&P 500 PTP Cap
Point to Point
5-Year
60% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
110% Participation

Surrender schedule

Year 1 2 3 4 5
Penalty 8% 7% 6% 5% 4%
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
5 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, Stretch IRA, Inherited IRA, NQ Stretch, and TSP