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Best Guaranteed Annuity Rates
2-Year
5.55%
3-Year
6.25%
5-Year
6.50%
7-Year
5.85%
10-Year
5.80%

Power Index Advisory with Lifetime Income Max

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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: 
  • 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 Lifetime Income
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
80
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, and TSP
Brochure
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Find out if the Power Index Advisory with Lifetime Income Max 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

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: 
  • TSP funds have to be rolled into an IRA.

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. 

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.15% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
34% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
57% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
77% Participation
1-Year Franklin Quality Dividend PTP Participation Rate
Point to Point
Annual
72% Participation
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
8.75% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8.75% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
5.75% Performance triggered
1-Year Fixed Account
Fixed
4.4% Fixed
1-Year S&P 500 PTP Cap
Point to Point
Annual
9.75% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
9.75% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
9.75% Cap
1-Year Franklin Quality Dividend PTP Participation Rate
Point to Point
Annual
97% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
102% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
72% Participation
1-Year S&P 500 PTP Participation Rate
Point to Point
Annual
38% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
6.75% Performance triggered

Surrender schedule

Year
Penalty

Riders

Name Inbuilt Fee
Power Index Advisory Lifetime Income Max Yes 1.00% annually

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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