Power Index Advisory with Lifetime Income Plus Multiplier Flex
The Power Index Advisory with Lifetime Income Plus Multiplier Flex is a remarkable annuity product. It offers steady income for life, perfect for those golden retiree years. Plus, it has an attractive feature that multiplies your income if you delay withdrawals!
This annuity also adapts to market changes to grow your retirement savings. It's a safe and smart choice for a secure future. Definitely a power-packed plan for mindful future planning!
Power Index Advisory with Lifetime Income Plus Multiplier Flex
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Ratings:
- A.M. Best A
- Fitch A+
- S&P A+
- Moody's A2
- Comdex 80
About Product
Type
Fixed Index
Purpose
Lifetime Income
Surrender schedule
No Surrender Charge
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
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
Launch Date
05/14/2018
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
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
2.25%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.75%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
16%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
41%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
59%
Participation
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
54%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
4.75%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
4.75%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2.5%
Fixed
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
5.75%
Cap
|
| 1-Year Franklin Quality Dividend PTP Participation Rate |
Point to Point
Annual
|
79%
Participation
|
| 1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
84%
Participation
|
| 1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
56%
Participation
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
20%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.5%
Performance triggered
|
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Power Index Advisory Lifetime Income Plus Multiplier Flex | 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
Issue Age
18-85 owner and annuitant
50-80 for owner and annuitant with optional living benefit rider
Premium
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:
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:
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.
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