Ratings:

A.M. Best A
Fitch A+
S&P A+
Moody's A2
Comdex 80

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Power Index Advisory with Lifetime Income Plus Multiplier Flex

Corebridge Financial Inc. (AIG NY), formerly known as AIG Retirement Services, has undergone a transformative journey to become one of today’s leaders in the provision of annuities, life insurance, asset management, and retirement solutions. Established in 1926 under a different name (American General Insurance Company), the company has grown exponentially in the past decades to provide its industry-leading products and services. Their mission is to partner with financial professionals, institutions, and individuals by way of aiding their clientele to seize control over their finances in retirement. With a diverse customer base, the company has served as a spin-off to the American International Group (AIG) in recent years, marking its evolution into an independent, publicly traded entity.

15 customer reviews

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 x

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

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:

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	2.5% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	5.2% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	19% 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	5.2% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	5.2% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3% Performance triggered
1-Year Fixed Account	Fixed	2.75% Fixed
1-Year S&P 500 PTP Cap	Point to Point Annual	6.2% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	6.2% Cap
1-Year MSCI EAFE PTP Cap	Point to Point Annual	6.2% 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	23% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3.75% 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

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.

Other Corebridge (AIG) Products

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American Pathway Fixed 5

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