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Power 10 Protector

The Power 10 Protector Annuity is a fantastic choice for a secured future. It ensures a stable income for your golden days, adding peace to your retirement plan. Its flexibility lets you control your yearly payout and retirement date!

Want a worry-free retirement? With Power 10 Protector, you are assured financial safety amidst market risks. Plus, it comes with death benefit options, securing your family too. It's truly a win-win!

Power 10 Protector

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, Stretch IRA, Inherited IRA, NQ Stretch, and TSP

Launch Date

05/19/2014

The Power 10 Protector Index Annuity offers you a valuable combination of growth potential, tax deferral, and principal protection from market downturns. This blend of accumulation and protection features may be the solution to achieving the retirement you envision.

Available in states: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	4.35% Fixed
2-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Biennial	120% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Biennial	165% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Annual	80% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	115% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Annual	115% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Biennial	295% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	80% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Annual	215% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Biennial	220% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Annual	140% Participation
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	85% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	46% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	35% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	55% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	6.5% Performance triggered
1-Year Fixed Account	Fixed	4.6% Fixed
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Biennial	305% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Biennial	125% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	90% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	51% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Annual	90% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Biennial	185% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	135% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Annual	135% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Annual	225% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Biennial	230% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Annual	150% Participation
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	105% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	40% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	9.5% Cap
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	60% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	7.5% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7	8	9	10
Penalty	9%	9%	8%	7%	6%	5%	4%	3%	2%	1%

Riders

No Riders for Power 10 Protector annuity.

Waivers

Nursing Home

Terminal Illness

Unavailable in states: CA, MA, and WA

To utilize this rider, an owner must be diagnosed with a Terminal Illness as defined in the rider. One partial or full withdrawal is permitted.

Extended Care

Unavailable in states: CA, and MA

To utilize this rider, an owner, after a 1-year deferral period, must receive qualifying Extended Care, which is treatment prescribed by a Qualified Physician, given by a Qualified Medical Professional and received by the owner while staying in a Qualified Institution for at least 90 consecutive days. The rider terminates when the owner turns age 86.

Premium Notes

Issue Age
Power 10 Protector is available to individuals aged 18-75.

Premium

Initial: $25,000 minimum (qualified and non-qualified)
Subsequent: Only in the first 30 days after contract issue (as a Lump Sum or Periodic Payments). Minimum additional premium is $100.
Requires prior company approval if total of all contracts issued to the same owner and/or annuitant exceeds $2 million

Withdrawal Provisions

Free WithdrawalsAfter the first contract year, you can withdraw up to 10% of your contract value (based on your prior anniversary value) without incurring any company-imposed charges. In some states Penalty-Free Withdrawals are available in the first contract year.Withdrawal ChargeWithdrawals in excess of the Free Withdrawal amount are subject to withdrawal charges that decline over 10 years.Market Value Adjustment (MVA)Withdrawals in excess of the Free Withdrawal amount or amounts annuitized during the first 10 years are subject to an MVA. This adjustment may either increase or decrease the amount you receive and is determined by a formula in the contract that reflects changes in the Barclays US Credit Index yield since the contract was issued. The MVA may not apply in all states.Minimum Withdrawal ValuePower 10 Protector guarantees that upon full surrender, payment of death benefit, or annuitization, you will never receive less than 87.5% of your premium, less withdrawals (excluding any withdrawal charge and MVA), growing at an annual rate as specified in your contract. State variations apply.

Company Founded: 1919

Excellent Rated Company

Corebridge Financial Inc.

Company Ratings

4.5