Fixed index annuity review and rates

Power Index 5 NY

Power Index 5 NY is a 5-year solution with flexibility and guaranteed growth. This is a single premium deferred fixed index annuity. This annuity offers interest crediting that is linked to the price changes in the S&P 500 Index, the MSCI EAFE Index, and the Russell 2000 Index. 

Minimum Accumulation Value
The Minimum Accumulation Value (MAV) is an amount guaranteed to be available for withdrawal upon surrender, payment of a death benefit, or upon beginning an income plan. The minimum accumulation value is 100% of premiums less withdrawals taken (including withdrawal charges), accumulated on a daily basis at the annual interest rate for the minimum growth rate less any current withdrawal charge.
Available in states: NY

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7.25% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.25% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.25% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.25% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
8.25% Cap

Surrender schedule

Year 1 2 3 4 5
Penalty 8% 7% 6% 5% 4%
The United States Life Insurance Company (AIG)
Founded: 1850
A.M. Best: A
Fitch: A+
S&P: A
Moody's: A2
Carrier details
Free withdrawal
1st year: 0%
2nd+ year: 10%
Surrender schedule
5 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP