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Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.30%
7-Year
6.00%
10-Year
5.80%

Power 7 Protector

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Highlights

The Power 7 Protector Index Annuity offers you a valuable combination of growth potential, principal protection from market downturns, and guaranteed income for life. This blend of accumulation and income, 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, 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
Purpose Accumulation
Term
7 Years
Surrender schedule
8%7%6%5%4%3%2%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
05/19/2014
Minimum contribution
$25,000
Maximum contribution
$2,000,000
Max Age Qualified
85
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

Find out if the Power 7 Protector is the right product for you.

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Premium Notes

Principal Protection
After 14 years, you would get your money back through minimum withdrawal value.  You are not required to use the fixed account.

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

Free Withdrawals
After 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. 

Market Value Adjustment (MVA)
Withdrawals in excess of the Free Withdrawal amount or amounts annuitized during the first 7 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 Value
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.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.85% Fixed
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
220% 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
75% 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
110% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
165% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
75% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
145% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
250% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
325% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
58% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
70% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8% Performance triggered
1-Year Fixed Account
Fixed
5.1% Fixed
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
160% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
90% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
90% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
125% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
63% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
140% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
135% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
190% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
265% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
235% 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 S&P 500 PTP Cap
Point to Point
Annual
11.5% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
95% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
9% Performance triggered

Surrender schedule

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

Riders

No Riders for Power 7 Protector annuity.

Waivers

Nursing Home

Contact us to get more information about this waiver.

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.

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