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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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Investment

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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, Traditional IRA, Spousal IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, TSP, Roth Conversion (Partial), and Roth Conversion (Full)

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	3.8% Fixed
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	65% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	150% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	320% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	220% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	270% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	235% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	190% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	190% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	235% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	150% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	220% 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	8.5% Cap
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	270% Participation
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	39% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	320% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	60% Participation
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	85% Participation
2-Year ML Strategic Balanced PTP Spread	Point to Point Biennial	0.85% Spread
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	6% Performance triggered
1-Year Fixed Account	Fixed	4.05% Fixed
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	250% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	290% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	205% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	340% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	240% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	165% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	70% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	340% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	290% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	250% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	205% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	240% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	165% 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	9.5% Cap
2-Year S&P 500 PTP Participation Rate	Point to Point Biennial	45% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	80% Participation
2-Year ML Strategic Balanced PTP Spread	Point to Point Biennial	0.6% Spread
1-Year ML Strategic Balanced PTP Participation Rate	Point to Point Annual	110% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	7% Performance triggered
1-Year Invesco New Economy PTP Participation Rate	Point to Point Annual	50% Participation
1-Year Invesco New Economy PTP Participation Rate	Point to Point Annual	55% Participation

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

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

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 the contract value as of the preceding contract anniversary or 10% of the premium if the withdrawal happens in the first year, without incurring any company imposed charges.Market Value Adjustment (MVA) Withdrawals in excess of the free withdrawal amount or amounts annuitized during the first 10 years are subject to an MVA. This adjustment may either increase or decrease the amount you receive and is determined by a formula in the contract that reflects changes in the yield of an external index since the contract was issued. May not apply in all states.

Company Founded: 1919

Excellent Rated Company

Corebridge Financial Inc.

Company Ratings

4.5