Power Select Plus Income - Lifetime Income Plus Multiplier Flex

Corebridge Financial Inc. (AIG)
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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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
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
1.65% 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.

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