Power Select Builder 8
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
Power Select Builder 8 is part of The Power Series of Index Annuities — fixed index annuities FIAs) that are issued by American General Life Insurance Company (AGL). They are insurance contracts, not direct investments in the stock market or any particular index. In exchange for your money (premium), the FIA provides you with the opportunity to earn interest based on specific indices or a fixed rate. When you need income, AGL promises to make regular income payments through annuitization (a process that permanently converts your contract to retirement income for no cost).
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, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY
|
Type
|
Fixed Index
|
|---|---|
|
Premium Bonus
|
10% |
|
Term
|
8 Years |
|
Surrender schedule
|
8%8%7%6%5%4%3%2% |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3.05%
Fixed
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
36%
Participation
|
| 2-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 2-Year AB All Market PTP Enhanced Participation Rate Tier 2 |
Point to Point
Biennial
|
245%
Participation
|
| 1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1 |
Point to Point
Annual
|
155%
Participation
|
| 2-Year AB All Market PTP Enhanced Participation Rate Tier 1 |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
32%
Participation
|
| 1-Year AB All Market PTP Enhanced Participation Rate Tier 2 |
Point to Point
Annual
|
205%
Participation
|
| 1-Year AB All Market PTP Enhanced Participation Rate Tier 1 |
Point to Point
Annual
|
155%
Participation
|
| 2-Year AB All Market PTP Participation Rate |
Point to Point
Biennial
|
145%
Participation
|
| 1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2 |
Point to Point
Annual
|
205%
Participation
|
| 1-Year AB All Market PTP Participation Rate |
Point to Point
Annual
|
105%
Participation
|
| 2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1 |
Point to Point
Biennial
|
195%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.4%
Cap
|
| 2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2 |
Point to Point
Biennial
|
245%
Participation
|
| 2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
75%
Participation
|
| 2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
45%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.2%
Fixed
|
| 1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2 |
Point to Point
Annual
|
230%
Participation
|
| 2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1 |
Point to Point
Biennial
|
220%
Participation
|
| 1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1 |
Point to Point
Annual
|
180%
Participation
|
| 2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2 |
Point to Point
Biennial
|
270%
Participation
|
| 2-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year AB All Market PTP Enhanced Participation Rate Tier 2 |
Point to Point
Annual
|
230%
Participation
|
| 1-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 2-Year AB All Market PTP Enhanced Participation Rate Tier 2 |
Point to Point
Biennial
|
270%
Participation
|
| 2-Year AB All Market PTP Enhanced Participation Rate Tier 1 |
Point to Point
Biennial
|
220%
Participation
|
| 1-Year AB All Market PTP Enhanced Participation Rate Tier 1 |
Point to Point
Annual
|
180%
Participation
|
| 2-Year AB All Market PTP Participation Rate |
Point to Point
Biennial
|
170%
Participation
|
| 1-Year AB All Market PTP Participation Rate |
Point to Point
Annual
|
130%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.15%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
35%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
51%
Participation
|
| 2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
60%
Participation
|
| 2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
85%
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 | 8 |
|---|---|---|---|---|---|---|---|---|
| Penalty | 8% | 8% | 7% | 6% | 5% | 4% | 3% | 2% |