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2-Year
5.70%
3-Year
6.25%
5-Year
6.25%
7-Year
6.00%
10-Year
5.80%

Power Select Plus Income - Lifetime Income Plus Multiplier Flex

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Highlights

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
Type
Fixed Index
Purpose Lifetime Income
Term
10 Years
Surrender schedule
9%9%8%7%6%5%4%3%2%1%
Free withdrawal
1st year: 0%
2nd+ year: 10%
Market value adjustment
Return of premium
Launch date
03/10/2014
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
Brochure
Open brochure

Find out if the Power Select Plus Income - Lifetime Income Plus Multiplier Flex is the right product for you.

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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.

Allocation Accounts

Name Type Rates
1-Year Fixed Account
Fixed
2% Fixed
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
24% Participation
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
120% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
160% Participation
0.5% Spread
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
15% Participation
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
160% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
120% Participation
0.5% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
4.25% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
32% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
55% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
1.75% Spread
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
40% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
2.55% Performance triggered
1-Year Fixed Account
Fixed
2.25% Fixed
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
140% Participation
0.5% Spread
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
180% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
180% Participation
0.5% Spread
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
28% Participation
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
140% Participation
0.5% Spread
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
20% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
55% Participation
2-Year ML Strategic Balanced PTP Spread
Point to Point
Biennial
1.5% Spread
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
80% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
45% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
5% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
3.3% 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.

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