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Annuity review

Power Select Builder

The Power Select Builder annuity truly shines for those planning for an enjoyable retirement. Its flexible structure, allowing tailored payouts, is a definite stand-out. The safety of having a steady income stream along with benefits for health emergencies, genuinely inspire confidence.

Further key advantages include options for spouse protection and potential for growth linked to market performance. If you're on the hunt for a reliable, accommodating annuity that caters to your unique needs, the Power Select Builder is an excellent contender. Future-proof your retirement today!

Power Select Builder

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

10 Years

Surrender schedule

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, Stretch IRA, Inherited IRA, NQ Stretch, and TSP

Launch Date

03/10/2014

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

Allocation Accounts

Name	Type	Rates
1-Year Fixed Account	Fixed	3.95% Fixed
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	62% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	135% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	310% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	210% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	260% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	225% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	180% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	180% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	225% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	135% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	210% Participation
1-Year Russell 2000 PTP Participation Rate	Point to Point Annual	25% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.5% Cap
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	260% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	34% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	310% 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	1.95% Spread
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	6.3% Performance triggered
1-Year Fixed Account	Fixed	4.2% Fixed
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	240% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	280% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	195% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	330% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	230% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	150% 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	330% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	280% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	240% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	195% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	230% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	150% 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	9.5% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	40% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	77% Participation
2-Year ML Strategic Balanced PTP Spread	Point to Point Biennial	1.7% 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	7.3% 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.

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

Free WithdrawalsAfter 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

Company Founded: 1919

Excellent Rated Company

Corebridge Financial Inc.

Company Ratings

4.5