Power Select Plus Income - Lifetime Income Plus Multiplier Flex
Power Select Plus Income - Lifetime Income Plus Multiplier Flex
Ratings:
- A.M. Best A
- Fitch A+
- S&P A+
- Moody's A2
- Comdex 80
About Product
Allocation Accounts
Name | Type | Rates |
---|---|---|
1-Year Fixed Account |
Fixed
|
1.65%
Fixed
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
18%
Participation
|
1-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Annual
|
100%
Participation
0.5%
Spread
|
2-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Biennial
|
135%
Participation
0.5%
Spread
|
1-Year Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
12%
Participation
|
2-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Biennial
|
135%
Participation
0.5%
Spread
|
1-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Annual
|
100%
Participation
0.5%
Spread
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
3.5%
Cap
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
26%
Participation
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
48%
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
|
33%
Participation
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2%
Performance triggered
|
1-Year Fixed Account |
Fixed
|
1.9%
Fixed
|
1-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Annual
|
120%
Participation
0.5%
Spread
|
2-Year Dimensional US Foundations PTP Participation Rate with Spread |
Point to Point
Biennial
|
155%
Participation
0.5%
Spread
|
2-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Biennial
|
155%
Participation
0.5%
Spread
|
2-Year S&P 500 PTP Participation Rate |
Point to Point
Biennial
|
22%
Participation
|
1-Year AB All Market PTP Participation Rate with Spread |
Point to Point
Annual
|
120%
Participation
0.5%
Spread
|
1-Year Russell 2000 PTP Participation Rate |
Point to Point
Annual
|
17%
Participation
|
2-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Biennial
|
48%
Participation
|
2-Year ML Strategic Balanced PTP Spread |
Point to Point
Biennial
|
2.1%
Spread
|
1-Year ML Strategic Balanced PTP Participation Rate |
Point to Point
Annual
|
73%
Participation
|
1-Year PIMCO Global Optima PTP Participation Rate |
Point to Point
Annual
|
39%
Participation
|
1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
4.25%
Cap
|
1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
2.75%
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
Name | Inbuilt | Fee |
---|---|---|
Lifetime Income Plus Multiplier 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
- 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
Note: TSP funds have to be rolled into an IRA.
Withdrawal Provisions
After 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.