Power Index 5 NY
In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
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 (MAV)
This feature ensures growth of your premium at a minimum Guaranteed Growth Rate of at least 1%, adjusted for prior withdrawals and any applicable withdrawal charges. Power Index 5 NY locks in the greater of your contract value or the MAV on the 5th contract anniversary and every contract anniversary thereafter.
Minimum Accumulation Value (MAV)
This feature ensures growth of your premium at a minimum Guaranteed Growth Rate of at least 1%, adjusted for prior withdrawals and any applicable withdrawal charges. Power Index 5 NY locks in the greater of your contract value or the MAV on the 5th contract anniversary and every contract anniversary thereafter.
Available in states:
NY
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 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
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |