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Power Select Builder 8

The Power Select Builder 8 Annuity is a reliable choice for a stable future. You'll love its customizable income options and the peace of mind it offers against market downturns.

Its unique Principal Protection feature truly stands out, safeguarding your hard-earned savings. Rest easy and enjoy life with Power Select Builder 8!

Power Select Builder 8

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Investment

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Retire At

No agent will call you

About Product

Type

Fixed Index

Purpose

Accumulation

Premium Bonus

10%

Term

8 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

01/28/2019

Power Select Builder 8 is part of The Power Series of Index Annuities — fixed index annuities FIAs) that are issued by American General Life Insurance Company (AGL). They are insurance contracts, not direct investments in the stock market or any particular index. In exchange for your money (premium), the FIA provides you with the opportunity to earn interest based on specific indices or a fixed rate. When you need income, AGL promises to make regular income payments through annuitization (a process that permanently converts your contract to retirement income for no cost).

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, 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	2.05% Fixed
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	19% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	73% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	60% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	173% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	110% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	123% Participation
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	19% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	160% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	110% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	73% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	160% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	60% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	123% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	3.15% Cap
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	173% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	51% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	25% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	2.4% Performance triggered
1-Year Fixed Account	Fixed	2.2% Fixed
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Annual	185% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	148% Participation
1-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 1	Point to Point Annual	135% Participation
2-Year Dimensional US Foundations PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	198% Participation
2-Year Dimensional US Foundations PTP Participation Rate	Point to Point Biennial	98% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Annual	185% Participation
1-Year Dimensional US Foundations PTP Participation Rate	Point to Point Annual	85% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 2	Point to Point Biennial	198% Participation
2-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Biennial	148% Participation
1-Year AB All Market PTP Enhanced Participation Rate Tier 1	Point to Point Annual	135% Participation
2-Year AB All Market PTP Participation Rate	Point to Point Biennial	98% Participation
1-Year AB All Market PTP Participation Rate	Point to Point Annual	85% Participation
1-Year S&P 500 PTP Cap	Point to Point Annual	3.9% Cap
1-Year S&P 500 PTP Participation Rate	Point to Point Annual	22% Participation
1-Year PIMCO Global Optima PTP Participation Rate	Point to Point Annual	34% Participation
2-Year PIMCO Global Optima PTP Participation Rate	Point to Point Biennial	40% Participation
2-Year ML Strategic Balanced PTP Participation Rate	Point to Point Biennial	61% Participation
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	3.15% Performance triggered

Surrender schedule

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

Riders

No Riders for Power Select Builder 8 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 charge and MVA may be waived for certain withdrawals if the contract owner is diagnosed with a terminal illness. Riders may not be available in all states. Restrictions and limitations apply.

Extended Care

Unavailable in states: CA, and MA

Withdrawal charge and MVA may be waived for certain withdrawals if the contract owner has extended care needs (Extended Care Rider). Riders may not be available in all states. Restrictions and limitations apply.

Premium Notes

Premium
$25,000 minimum (qualified and non-qualified). Accepted 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

WithdrawalsWithdrawals can be taken at any time (minimum $1,000 per withdrawal), or you can set up a systematic withdrawal program to receive regular, scheduled amounts (minimum of $100 per withdrawal). The minimum remaining contract value after any withdrawal must be $2,500. Two Type of penalty-free withdrawals :Penalty-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.Penalty-Free withdrawals of required minimum distributions (RMDs) At any time, including the first contract year, that are based solely of the contract value.

Company Founded: 1919

Excellent Rated Company

Corebridge Financial Inc.

Company Ratings

4.5