Fixed index annuity review and rates

Power 7 Protector Plus Income

The Power 7 Protector Index Annuity offers you a valuable combination of growth potential, principal protection from market downturns, and guaranteed income for life. This blend of accumulation and income, features may be the solution to achieving the retirement you envision. 
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
3.75% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
155% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
260% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
230% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
335% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
110% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
105% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
160% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
75% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
77% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
105% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
46% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
65% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
31% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
52% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.75% Cap
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
270% 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
345% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
120% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
120% 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
80% 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
51% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
36% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
55% Participation

Surrender schedule

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

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
7 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