Ratings:

A.M. Best A
Fitch A+
S&P A+
Moody's A2
Comdex 80

James Alden

Experienced Financial Advisor

25 years

experience

3,712

career consultations

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Power Select Plus Income - Lifetime Income Plus Multiplier Flex

Corebridge Financial Inc. (AIG NY), formerly known as AIG Retirement Services, has undergone a transformative journey to become one of today’s leaders in the provision of annuities, life insurance, asset management, and retirement solutions. Established in 1926 under a different name (American General Insurance Company), the company has grown exponentially in the past decades to provide its industry-leading products and services. Their mission is to partner with financial professionals, institutions, and individuals by way of aiding their clientele to seize control over their finances in retirement. With a diverse customer base, the company has served as a spin-off to the American International Group (AIG) in recent years, marking its evolution into an independent, publicly traded entity.

Power Select Plus Income - Lifetime Income Plus Multiplier Flex

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Ratings:

A.M. Best A
Fitch A+
S&P A+
Moody's A2
Comdex 80

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

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, and TSP

Launch Date

03/10/2014

Power Select Plus Income Multiplier - 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	1.65% 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

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.

Withdrawal Provisions

Free Withdrawals
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.