Power Index Preferred Plus Income with Lifetime Income Max
Get an annuity today!
Learn how an annuity can provide guaranteed income for life.
Highlights
Power Index Preferred Plus Income annuity focusing on retirement income with choice of guaranteed living benefit riders.
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
|
|---|---|
|
Term
|
7 Years |
|
Surrender schedule
|
8%7%6%5%4%3%2% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, 401k, IRA, IRA Rollover, IRA Transfer, TSA 403b, SEP IRA, IRA-Roth, and TSP |
Brochure
|
Open brochure |
Find out if the Power Index Preferred Plus Income with Lifetime Income Max is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
3%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
65%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
5.25%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
25%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
3.85%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
3.25%
Fixed
|
| 1-Year ML Strategic Balance PTP Participation Rate |
Point to Point
Annual
|
85%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6%
Cap
|
| 1-Year S&P 500 PTP Participation Rate |
Point to Point
Annual
|
27%
Participation
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
4.6%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% | 3% | 2% |
Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Lifetime Income Max | Yes | 1.00% annually |
Ready to Protect Your Financial Future?
Request a free quote or talk to our financial expert to get help