Corebridge Financial Inc.
4.2
based on complex data
Annuity Educator Rating
Annuity review

Power Select Plus Income - Lifetime Income Plus Multiplier Flex

Power Select Plus Income - Lifetime Income Plus Multiplier Flex is an excellent choice for retirees. It guarantees lifetime income, giving a secure and worry-free retirement.

Adding to its appeal is the Multiplier Flex feature, increasing your income potential. Secure your future today with this fantastic annuity.

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

Power Select Plus Income - Lifetime Income Plus Multiplier 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 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% Fixed
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
7% Participation
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
65% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
85% Participation
0.5% Spread
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
7% Participation
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
85% Participation
0.5% Spread
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
65% Participation
0.5% Spread
1-Year S&P 500 PTP Cap
Point to Point
Annual
2.25% Cap
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
12% Participation
1-Year ML Strategic Balanced PTP Participation Rate
Point to Point
Annual
25% 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
20% Participation
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
2% Performance triggered
1-Year Fixed Account
Fixed
1.25% Fixed
1-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Annual
85% Participation
0.5% Spread
2-Year Dimensional US Foundations PTP Participation Rate with Spread
Point to Point
Biennial
105% Participation
0.5% Spread
2-Year AB All Market PTP Participation Rate with Spread
Point to Point
Biennial
105% Participation
0.5% Spread
2-Year S&P 500 PTP Participation Rate
Point to Point
Biennial
11% Participation
1-Year AB All Market PTP Participation Rate with Spread
Point to Point
Annual
85% Participation
0.5% Spread
1-Year Russell 2000 PTP Participation Rate
Point to Point
Annual
12% Participation
2-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Biennial
35% 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
50% Participation
1-Year PIMCO Global Optima PTP Participation Rate
Point to Point
Annual
25% Participation
1-Year S&P 500 PTP Cap
Point to Point
Annual
3% Cap
1-Year S&P 500 Performance Triggered
Performance Triggered
Annual
2.1% 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 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. 

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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