Fixed index annuity review and rates

Power Index Preferred Plus Income with Lifetime Income Max

Power Index Preferred Plus Income annuity focusing on retirement income with choice of guaranteed living benefit riders.
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
3.55% Fixed
1-Year ML Strategic Balance PTP Participation Rate
Point to Point
Annual
85% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
38% Participation
1-Year Fixed Account
Fixed
3.55% 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
8% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.25% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
40% 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 Max Yes 1.00% 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, TSA 403b, SEP IRA, IRA-Roth, and TSP