Power Select Plus Income - Lifetime Income Plus Multiplier Flex
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Highlights
Power Select Plus Income Multiplier - 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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
10 Years |
|
Surrender schedule
|
9%9%8%7%6%5%4%3%2%1% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 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, and TSP |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2%
Fixed
|
| 2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
24%
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 Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
15%
Participation
|
| 2-Year Dimensional US Foundations 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
|
| 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
|
32%
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
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2.55%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
| 1-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Annual
|
140%
Participation
0.5%
Spread
|
| 2-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Biennial
|
180%
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
|
| 1-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Annual
|
140%
Participation
0.5%
Spread
|
| 1-Year Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
55%
Participation
|
| 2-Year ML Strategic Balanced PTP Spread |
Point to Point
Biennial
|
1.5%
Spread
|
| 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 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 Multiplier Flex | Yes | 1.10% annually |