Power Index Advisory with Lifetime Income Max
The Power Index Advisory with Lifetime Income Max annuity is a real jewel for anyone planning for retirement. Its mix of flexible income and security would ensure your golden years are worry-free!
With potential for steady growth along with lifetime income option, this annuity is perfect if you intend to secure financial freedom efficiently. It's one of the best safe havens for your hard-earned money!
Power Index Advisory with Lifetime Income Max
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
|
3.75%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
54%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
73%
Participation
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
68%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.75%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
4%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.75%
Cap
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
93%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
98%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
69%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
34%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6%
Performance triggered
|
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.
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
