Power Select Advisory with Lifetime Income Plus Multiplier Flex
The Power Select Advisory with Lifetime Income Plus Multiplier Flex is the perfect annuity if you're planning for a bright financial future. Offering predictable income for life and attractive growth opportunities, it truly stands out.
With a range of investment options to suit all tastes, it allows you to grow your savings confidently and maintain your standard of living in retirement. All in all, a splendid opportunity to secure your golden years!
Power Select Advisory with Lifetime Income Plus Multiplier Flex
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Free · No obligation · Takes about a minute
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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.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year Fixed Account |
Fixed
|
1.75%
Fixed
|
| 1-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year AB All Market PTP Participation Rate |
Point to Point
Annual
|
30%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
3.15%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.2%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2%
Performance triggered
|
| 1-Year Fixed Account |
Fixed
|
2%
Fixed
|
| 1-Year Dimensional US Foundations PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year AB All Market PTP Participation Rate |
Point to Point
Annual
|
50%
Participation
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
3.9%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.9%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2.4%
Performance triggered
|
| 1-Year Invesco New Economy PTP Participation Rate |
Point to Point
Annual
|
28%
Participation
|
| 1-Year Invesco New Economy PTP Participation Rate |
Point to Point
Annual
|
33%
Participation
|
Hypothetical Projection
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Riders
| Name | Inbuilt | Fee |
|---|---|---|
| Power Select Advisory Lifetime Income Plus Multiplier 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
- 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
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.
- A.M. Best A
- Fitch A+
- S&P A+
- Moody's A2
- Comdex 82
