Fixed index annuity review and rates

Power Index Premier NY

The Power Index Premier NY index annuity is for clients looking for an opportunity to participate in interest earned based on the positive change in an index, while also addressing risk for retirement income. And being one of the only index annuity products available in New York with an income protection feature, the new Power Index Premier NY can be the retirement solution that may help to secure a stream of guaranteed lifetime income for your Financial Professional’s clients.
Available in states: NY

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP Cap
Point to Point
Annual
7.5% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
7.5% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
7.5% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.5% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
8.5% Cap

Surrender schedule

Year 1 2 3 4 5 6 7
Penalty 9% 8% 7% 6% 5% 4% 3%
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
7 years
Return of premium
Market value adjustment
Minimum contribution
$25,000
Types of funds
Non-Qualified, IRA, Stretch IRA, Inherited IRA, NQ Stretch, and TSP