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
|
9%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
10%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10%
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
Brochure
Free withdrawal
1st year: 0%
2nd+ year: 10%
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