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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	3.85% Fixed
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	60% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	123% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	295% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	195% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	245% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	223% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	173% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	173% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	223% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	123% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	195% Participation
1-Year Russell 2000 PTP Participation Rate	Point to Point Annual	23% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	8.25% Cap
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	245% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	31% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	295% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	34% Participation
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	54% Participation
2-Year ML Strategic Balanced PTP Spread	Point to Point Biennial	2.15% Spread
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	6.15% Performance triggered
1-Year Fixed Account	Fixed	4.1% Fixed
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	238% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	265% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	188% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	315% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	138% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	44% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	315% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	265% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	238% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	188% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	215% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	138% Participation
1-Year Russell 2000 PTP Participation Rate	Point to Point Annual	28% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	9.25% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	37% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	75% Participation
2-Year ML Strategic Balanced PTP Spread	Point to Point Biennial	1.9% Spread
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	79% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	7.15% 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