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
|
4.5%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
42%
Participation
|
| 1-Year Fixed Account |
Fixed
|
4.75%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
115%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
10.5%
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
|
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
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
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