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Power Select Advisory with Lifetime Income Plus Flex

The Power Select Advisory with Lifetime Income Plus Flex offers a reliable safety net for those golden years. This annuity guarantees an income for life, perfect for retirees wanting peace of mind.

With Power Select Advisory, there's flexibility in managing and growing your hard-earned money. It's savvy, well-rounded, and geared towards maximizing your retirement benefits!

Power Select Advisory with Lifetime Income Plus Flex

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Surrender schedule

No Surrender Charge

Fee withdrawal:

10%

Market Value Adjustment

Yes

Return Of Premium

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

03/13/2023

Power Select Advisory is part of the Power Series of Index Annuities and a fixed index annuity (FIA) issued by American General Life Insurance Company (AGL).
Designed exclusively for advisory accounts, the Power Select Advisory Index Annuity offers clients the opportunity to:

Grow their retirement assets with potential interest from index interest accounts that are based in part on the performance of:
- S&P 500
- AB All Market Index
- MSCI EAFE
- Dimensional US Foundations Index
Accumulate more assets for retirement through the power of tax deferral.
Protect their principal against market loss with a fixed interest account and 4 index interest accounts.

In addition, Power Select Advisory offers clients a choice of two optional guaranteed living benefit riders—Lifetime Income Plus Flex. and Lifetime Income Plus Multiplier Flex. Each guaranteed living benefit rider can help clients generate 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 Dimensional US Foundations PTP Participation Rate	Point to Point Annual	95% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	95% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	4.75% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	4.75% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	2.85% Performance triggered
1-Year Fixed Account	Fixed	2.75% Fixed
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	115% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	115% Participation
1-Year MSCI EAFE PTP Cap	Point to Point Annual	5.5% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	5.5% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3.6% Performance triggered

Riders

Name	Inbuilt	Fee
Power Select Advisory Lifetime Income Plus Flex	Yes	1.10% annually

Waivers

Nursing Home

Market Value Adjustments may be waived if you are confined to a nursing home or an assisted living facility.

Terminal Illness

MVA may be waived for certain withdrawals if the contract owner is diagnosed with a terminal illness.

Extended Care

MVA may be waived for certain withdrawals if the contract owner has extended care needs.

Premium Notes

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.

Withdrawal Provisions

Market Value Adjustment (MVA)Withdrawals during the first 7 years are subject to an MVA. This adjustment may either increase or decrease the amount a client receives, and is determined by a formula in the contract that reflects changes in the yield of an external index since the contract was issued. MVA-free withdrawals (non-cumulative)You may withdraw up to 10% of the premium in the first year or up to 10% of the contract value in years 2+ without incurring an MVA.Required Minimum Distributions (RMDs)MVA will not apply to RMDs attributable to the contract. Failure to satisfy the RMD requirements may result in a tax penalty.

Company Founded: 1919

Excellent Rated Company

Corebridge Financial Inc.

Company Ratings

4.5