Power Index Premier NY with Lifetime Income Builder
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.
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Learn how an annuity can provide guaranteed income for life.
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
|
6.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 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 Performance Triggered |
Performance Triggered
Annual
|
4.75%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Lifetime Income Builder | Yes |