Power 7 Protector Plus Income
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
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Learn how an annuity can provide guaranteed income for life.
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, 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
|
2.5%
Fixed
|
2-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Biennial
|
180%
Participation
|
2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
55%
Participation
|
1-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Annual
|
60%
Participation
|
2-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Biennial
|
120%
Participation
|
1-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Annual
|
80%
Participation
|
2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
2-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Biennial
|
85%
Participation
|
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Biennial
|
240%
Participation
|
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Annual
|
180%
Participation
|
1-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
30%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.75%
Cap
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
15%
Participation
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
40%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
2.75%
Fixed
|
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Biennial
|
250%
Participation
|
2-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Biennial
|
90%
Participation
|
1-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Annual
|
65%
Participation
|
2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
60%
Participation
|
1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
35%
Participation
|
2-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Biennial
|
140%
Participation
|
1-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Annual
|
95%
Participation
|
2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
95%
Participation
|
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Annual
|
190%
Participation
|
2-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Biennial
|
190%
Participation
|
1-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Annual
|
125%
Participation
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.75%
Performance triggered
|
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 |