Fixed index annuity review and rates

Power Index Preferred

Power Index Preferred focus on asset accumulation with no guaranteed living benefit rider and share the features, with the exception of withdrawal charge schedule.
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 ML Strategic Balance PTP Participation Rate
Point to Point
Annual
105% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
9.75% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
9.75% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
44% Participation
1-Year Fixed Account
Fixed
4.25% Fixed
1-Year ML Strategic Balance PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
10.75% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
10.75% Cap
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
47% Participation

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 8% 7% 6% 5% 4% 3% 2%
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, TSA 403b, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP