Power Index Advisory
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Highlights
Power Index Advisory is part of the Power Series of Index Annuities and a fixed index annuity (FIA) issued by American General Life Insurance Company (AGL). These fixed index annuities offer a powerful combination of tax-deferred growth potential, principal protection and guaranteed income for life that may be the solution to achieving the retirement you've always envisioned.
The Power Series of Index Annuities can help you:
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
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 |
|
Surrender schedule
|
No Surrender Charge |
|
Free withdrawal
|
10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Launch date
|
05/14/2018 |
|
Minimum contribution
|
$25,000 |
|
Maximum contribution
|
$2,000,000 |
|
Max Age Qualified
|
85 |
|
Types of funds
|
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the Power Index Advisory is the right product for you.
Premium Notes
Issue Age
18-85 owner and annuitant
50-80 for owner and annuitant with optional living benefit rider
18-75 with no guaranteed living benefit (GLB) rider elected.
50-75 with the election of a GLB rider.
Premium
18-85 owner and annuitant
50-80 for owner and annuitant with optional living benefit rider
18-75 with no guaranteed living benefit (GLB) rider elected.
50-75 with the election of a GLB 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
If your state imposes a premium tax and unless otherwise provided by law, it will be deducted from the amount applied to begin your income plan when you annuitize your contract.
Note:
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
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:
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.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
5.15%
Fixed
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
72%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
102%
Participation
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
92%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
11.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
11.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
11.25%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
8%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
5.4%
Fixed
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
53%
Participation
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
12.25%
Cap
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
117%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
127%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
87%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
9%
Performance triggered
|
Surrender schedule
| Year |
|---|
| Penalty |
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.
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