annuity-educator-logo
Best Guaranteed Annuity Rates
2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Power Select Builder

Get an annuity today!
Learn how an annuity can provide guaranteed income for life.

Highlights

Power Select Builder - Index annuity focusing on asset accumulation with no guaranteed living benefit Rider.
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
Purpose Accumulation
Term
10 Years
Surrender schedule
9%9%8%7%6%5%4%3%2%1%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
03/10/2014
Minimum contribution
$25,000
Maximum contribution
$2,000,000
Max Age Qualified
78
Types of funds
Non-Qualified, IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP
Brochure
Open brochure

Find out if the Power Select Builder is the right product for you.

$

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.

Note: 
  • TSP funds have to be rolled into an IRA.
  • We allow inherited IRA/NQ assets so long as it is being stretched and provided no GLB is elected. We will not write any inherited fixed business and we will not write new business on inherited assets subject to either the 5-year or the 10-year rule.

Withdrawal Provisions

Free Withdrawals
After the first contract year, you can withdraw up to 10% of your contract value (based on your prior anniversary value) without incurring any company-imposed charges

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
4.9% Fixed
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
80% Participation
1-Year Dimensional US Foundations PTP Participation Rate
Point to Point
Annual
165% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2
Point to Point
Biennial
355% Participation
2-Year Dimensional US Foundations PTP Participation Rate
Point to Point
Biennial
255% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1
Point to Point
Biennial
305% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2
Point to Point
Annual
265% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1
Point to Point
Annual
215% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1
Point to Point
Annual
215% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2
Point to Point
Annual
265% Participation
1-Year AB All Market PTP Participation Rate
Point to Point
Annual
165% Participation
2-Year AB All Market PTP Participation Rate
Point to Point
Biennial
255% Participation
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
30% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
10.5% Cap
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1
Point to Point
Biennial
305% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
49% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2
Point to Point
Biennial
355% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
50% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
75% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
1.1% Spread
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
8% Performance triggered
1-Year Fixed Account
Fixed
5.15% Fixed
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2
Point to Point
Annual
280% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1
Point to Point
Biennial
325% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1
Point to Point
Annual
230% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2
Point to Point
Biennial
375% Participation
2-Year Dimensional US Foundations PTP Participation Rate
Point to Point
Biennial
275% Participation
1-Year Dimensional US Foundations PTP Participation Rate
Point to Point
Annual
180% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
60% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2
Point to Point
Biennial
375% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1
Point to Point
Biennial
325% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2
Point to Point
Annual
280% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1
Point to Point
Annual
230% Participation
2-Year AB All Market PTP Participation Rate
Point to Point
Biennial
275% Participation
1-Year AB All Market PTP Participation Rate
Point to Point
Annual
180% Participation
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
11.5% Cap
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
55% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
95% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
0.85% Spread
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
100% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
9% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6 7 8 9 10
Penalty 9% 9% 8% 7% 6% 5% 4% 3% 2% 1%

Riders

No Riders for Power Select Builder annuity.

Waivers

Nursing Home

Withdrawal charges and Market Value Adjustments may be waived if you are confined to a nursing home or an assisted living facility. Restrictions and limitations apply. May not be available in all states.

Terminal Illness

Unavailable in states: CA, MA, and WA

Withdrawal charges and Market Value Adjustments may be waived if you are diagnosed with a terminal illness. Restrictions and limitations apply. May not be available in all states.

Extended Care

Unavailable in states: CA, and MA

Withdrawal charges and Market Value Adjustments may be waived if you have extended care needs. Restrictions and limitations apply. May not be available in all states.

Ready to Protect Your Financial Future?

Request a free quote or talk to our financial expert to get help