Fixed index annuity review and rates

Power Select Plus Income - Lifetime Income Plus Multiplier Flex

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, 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
2.4% Fixed
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
20% Participation
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
155% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
105% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
155% Participation
0.5% Spread
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
105% Participation
0.5% Spread
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
36% 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
0.25% Spread
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
75% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
47% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.25% Cap
1-Year Fixed Account
Fixed
2.4% Fixed
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
25% Participation
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
175% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
125% Participation
0.5% Spread
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
125% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
175% Participation
0.5% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
6% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
60% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
100% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
70% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
40% Participation

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 10% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

Name Inbuilt Fee
Lifetime Income Plus Multiplier Flex Yes 1.10% 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
10 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP