Corebridge Financial Inc.
4.0
based on complex data
Annuity Educator Rating
Annuity review

Power Select Plus Income - Lifetime Income Plus Flex

The Power Select Plus Income annuity truly shines as a retirement game-changer. It perfectly balances growth and safety, safeguarding your hard-earned nest egg while providing a reliable income stream for your golden years.

We love the Lifetime Income Plus Flex feature - it offers the flexibility you need to adapt to life changes. Better still, your income can only increase over time! A dependable future is just one decision away with Power Select Plus Income.

Power Select Plus Income - Lifetime Income Plus Flex-brochure Power Select Plus Income - Lifetime Income Plus Flex-brochure

Power Select Plus Income - Lifetime Income Plus Flex

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About Product

Type
Fixed Index
Purpose
Lifetime Income
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, and TSP
Launch Date
03/10/2014
Power Select Plus Income — Index annuity focusing on retirement income with choice of guaranteed living benefit riders.
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
1.5% Fixed
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
11% Participation
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
95% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
125% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
95% Participation
0.5% Spread
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
125% Participation
0.5% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
3.25% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
27% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
45% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
2.35% Spread
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
30% Participation
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
16% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
2% Performance triggered
1-Year Fixed Account
Fixed
1.75% Fixed
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
145% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
115% Participation
0.5% Spread
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
2.1% Spread
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
115% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
145% Participation
0.5% Spread
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
20% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
45% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
70% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
35% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
4% Cap
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
16% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
2.55% 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

Name Inbuilt Fee
Lifetime Income Plus Flex Yes 1.10% annually

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

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