Power Index Advisory
The Power Index Advisory annuity is a superb choice for ensuring a secure retirement. Imagine a world where your savings grow, shielded by the storm of market fluctuations. That's what this annuity offers, consistently increasing your funds along a steady trajectory.
What's more, the Power Index Advisory understands your need for flexibility and liquidity. It comes with options to access your funds when you need them. Plus, it boasts a legacy feature for your beneficiaries. Truly, a future-focused product that rings the bell of security and steady growth for retirees.
Power Index Advisory
About Product
The Power Series of Index Annuities can help you:
- Prepare for today's key retirement challenges
- Grow your retirement assets
- Protect your principal from market downturns
- Guarantee more income for life
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
4.45%
Fixed
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
66%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
94%
Participation
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
84%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
42%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7.1%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4.7%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
45%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
10.5%
Cap
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
109%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
119%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
81%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8.1%
Performance triggered
|
Riders
No Riders for Power Index Advisory annuity.
Waivers
Nursing Home
Market Value Adjustments (see below) may be waived if you are confined to a nursing home or an assisted living facility.
Terminal Illness
Market Value Adjustments may be waived if you are diagnosed with a terminal illness.
Extended Care
Market Value Adjustments (see below) may be waived if you have extended care needs.
Premium Notes
18-85 owner and annuitant
50-80 for owner and annuitant with optional living benefit rider
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
Withdrawal Provisions
Withdrawal charges Withdrawals from your account can be made without incurring withdrawal charges. Market Value Adjustment (MVA) Withdrawals during the first 5 or 7 years are subject to an MVA: 5-year MVA with no election of a guaranteed living benefit (GLB) rider. 7-year MVA with the election of a GLB rider. 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 yield of an external index since the contract was issued.
- A.M. Best A
- Fitch A+
- S&P A+
- Moody's A2
- Comdex 80
