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
4.25% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
175% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
275% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
250% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
350% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
135% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
130% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
190% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
90% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
90% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
125% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
58% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
90% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
43% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
62% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.2% Cap
1-Year Fixed Account
Fixed
4.25% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
190% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
290% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
265% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
365% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
160% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
155% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
215% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
105% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
105% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
140% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
62% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
47% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.6% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
77% 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