Power 5 Protector
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Highlights
Power 5 Protector is part of The Power Series of Index Annuities — fixed index annuities (FIAs) that are issued by American General Life Insurance Company (AGL). They are insurance contracts, not direct investments in the stock market or any particular index. In exchange for your money (premium), the FIA provides you with the opportunity to earn interest based on specific indices or a fixed rate. When you need income, AGL promises to make regular income payments through annuitization (a process that permanently converts your contract to retirement income for no cost).
RJ Banks
RJ Banks version of this product does not offer 5-yr S&P 500 PTP, PIMCO Crediting Strategies, or 2-yr MLSB PTP strategy
RJ Banks
RJ Banks version of this product does not offer 5-yr S&P 500 PTP, PIMCO Crediting Strategies, or 2-yr MLSB PTP strategy
Available in states:
AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, 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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
8%7%6%5%4% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
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 |
Brochure
|
Open brochure |
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.6%
Fixed
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
58%
Participation
|
| 2-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Biennial
|
95%
Participation
|
| 1-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
65%
Participation
|
| 2-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Biennial
|
160%
Participation
|
| 1-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Annual
|
110%
Participation
|
| 2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
115%
Participation
|
| 2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Biennial
|
325%
Participation
|
| 1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Annual
|
220%
Participation
|
| 2-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Biennial
|
250%
Participation
|
| 1-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Annual
|
145%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 5-Year S&P 500 PTP Cap |
Point to Point
5-Year
|
52.5%
Cap
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
70%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.75%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.85%
Fixed
|
| 1-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Annual
|
160%
Participation
|
| 1-Year S&P 500 PTP Enhanced Participation Rate |
Point to Point
Annual
|
63%
Participation
|
| 2-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Biennial
|
110%
Participation
|
| 1-Year PIMCO Global Optima PTP Enhanced Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 5-Year S&P 500 PTP Cap |
Point to Point
5-Year
|
57.5%
Cap
|
| 2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
80%
Participation
|
| 2-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Biennial
|
185%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11.5%
Cap
|
| 1-Year ML Strategic Balanced PTP Enhanced Participation Rate |
Point to Point
Annual
|
135%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 2-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Biennial
|
140%
Participation
|
| 2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Biennial
|
340%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
60%
Participation
|
| 1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate |
Point to Point
Annual
|
235%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
95%
Participation
|
| 2-Year AQR DynamiQ Allocation PTP Participation Rate |
Point to Point
Biennial
|
265%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.75%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |