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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 Plus Income

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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 Lifetime Income
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
05/18/2014
Minimum contribution
$25,000
Maximum contribution
$2,000,000
Max Age Qualified
80
Types of funds
Non-Qualified, 401k, IRA, Spousal IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, 1035 Exchange, and TSP
Brochure
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Find out if the Power 7 Protector Plus Income is the right product for you.

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Premium Notes

Principal Guarantee  
In fixed accounts you can't lose money from market return, meaning your principal is guaranteed. With required living benefit,  your principal is additionally protected because fees are less than fixed returns.

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.

Withdrawal Provisions

Free Withdrawals
Up to 10% of the annuity contract value (based on prior anniversary value) if taken after the first contract year, or the Maximum Annual Withdrawal Percentage under Lifetime Income Choice, whichever is greater

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
2.5% Fixed
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
180% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
55% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
60% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
120% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
80% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
85% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
85% Participation
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
240% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
180% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
115% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.75% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
15% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
40% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4% Performance triggered
1-Year Fixed Account
Fixed
2.75% Fixed
2-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Biennial
250% Participation
2-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Biennial
90% Participation
1-Year PIMCO Global Optima PTP Enhanced Participation Rate
Point to Point
Annual
65% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
60% Participation
1-Year S&P 500 PTP Enhanced Participation Rate
Point to Point
Annual
35% Participation
2-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Biennial
140% Participation
1-Year ML Strategic Balanced PTP Enhanced Participation Rate
Point to Point
Annual
95% Participation
2-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Biennial
95% Participation
1-Year AQR DynamiQ Allocation PTP Enhanced Participation Rate
Point to Point
Annual
190% Participation
2-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Biennial
190% Participation
1-Year AQR DynamiQ Allocation PTP Participation Rate
Point to Point
Annual
125% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
20% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
4.75% Performance triggered

Surrender schedule

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

Riders

Name Inbuilt Fee
Lifetime Income Choice Level Income Yes 1.10% annually
Lifetime Income Choice Max Income Yes 1.10% annually

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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