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Power 5 Protector

The Power 5 Protector is a fantastic piece of the retirement planning puzzle. It's got stellar stability, making it a safe bet for securing your future. You can rest easy, knowing you'll always have a reliable income stream.

What stands out is its flexibility. Power 5 Protector allows you to control when and how you receive payments. It's a thoughtfully crafted annuity product to fit anyone's retirement plan. Perfect for those who value security and independence!

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Power 5 Protector

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Ratings:

A.M. Best A
Fitch A+
S&P A+
Moody's A2
Comdex 80

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

8%7%6%5%4%

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

08/11/2019

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

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.75% Fixed
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	31% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	44% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Biennial	82% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Annual	60% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	52% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Biennial	145% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Annual	100% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	100% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Biennial	275% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Annual	185% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Biennial	200% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Annual	115% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.25% Cap
5-Year S&P 500 PTP Cap	Point to Point 5-Year	45% Cap
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	60% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	37% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	6.3% Performance triggered
1-Year Fixed Account	Fixed	4% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Annual	130% Participation
1-Year S&P 500 PTP Enhanced Participation Rate	Point to Point Annual	49% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Biennial	97% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate	Point to Point Annual	75% Participation
5-Year S&P 500 PTP Cap	Point to Point 5-Year	50% Cap
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	67% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Biennial	170% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	9.25% Cap
1-Year ML Strategic Balanced PTP Enhanced Participation Rate	Point to Point Annual	125% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	36% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	125% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Biennial	290% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	50% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate	Point to Point Annual	200% Participation
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	85% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	7.3% Performance triggered

Surrender schedule

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

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Investment Amount $

Riders

No Riders for Power 5 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

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

Note:

TSP funds have to be rolled into an IRA.
We allow inherited IRA/NQ assets so long as it is being stretched and provided no GLB is elected. We will not write any inherited fixed business and we will not write new business on inherited assets subject to either the 5-year or the 10-year rule.

Withdrawal Provisions

Penalty Free Withdrawal
After the first contract year, you can withdraw up to 10% of the previous contract anniversary contract value (which includes any interest credited on that date).
Note: Penalty-free withdrawals are not permitted during the first contract year, unless it is a withdrawal of the RMD (some states require that the 10% penalty-free withdrawal be available in the first contract year).

Minimum Withdrawal Value
The Minimum Withdrawal Value is equal to: 87.5% of premiums (90% in New Jersey) less any withdrawals (excluding any withdrawal charges or any applicable MVA associated with those withdrawals) accumulated at a rate specified in the contract.