Power 7 Protector Plus Income
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
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
|
|---|---|
|
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
|
|
|
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, and TSP |
Brochure
|
Open brochure |
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 |