Power Select Plus Income - Lifetime Income Plus Flex
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Power Select Plus Income — Index 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, 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
|
2%
Fixed
|
1-Year Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
15%
Participation
|
1-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Annual
|
120%
Participation
0.5%
Spread
|
2-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Biennial
|
160%
Participation
0.5%
Spread
|
1-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Annual
|
120%
Participation
0.5%
Spread
|
2-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Biennial
|
160%
Participation
0.5%
Spread
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
37%
Participation
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
55%
Participation
|
2-Year ML Strategic Balanced PTP Spread |
Point to Point
Biennial
|
1.75%
Spread
|
2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
40%
Participation
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
24%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2.55%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
2-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Biennial
|
180%
Participation
0.5%
Spread
|
1-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Annual
|
140%
Participation
0.5%
Spread
|
2-Year ML Strategic Balanced PTP Spread |
Point to Point
Biennial
|
1.5%
Spread
|
1-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Annual
|
140%
Participation
0.5%
Spread
|
2-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Biennial
|
180%
Participation
0.5%
Spread
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
28%
Participation
|
2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
55%
Participation
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
80%
Participation
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5%
Cap
|
1-Year Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.3%
Performance triggered
|
Surrender schedule
Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Riders
Name | Inbuilt | Fee |
---|---|---|
Lifetime Income Plus Flex | Yes | 1.10% annually |