Corebridge Financial Inc.
4.3
based on complex data
Annuity Educator Rating
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!

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Power Select Builder

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About Product

Type
Fixed Index
Purpose
Accumulation
Term
10 Years
Surrender schedule
9%
9%
8%
7%
6%
5%
4%
3%
2%
1%
Fee withdrawal:
10%
Market Value Adjustment
Yes
Return Of Premium
No
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
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%

Hypothetical Projection

Comparison against S&P 500 using current rates
indexed chart
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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.

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 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
  • A.M. Best A
  • Fitch A+
  • S&P A+
  • Moody's A2
  • Comdex 80
Assets: $160,979,555,161
Texas

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