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Power Index 5 NY

The Power Index 5 NY is a great tool to secure your financial future. It guarantees stable income, peace of mind, and the power to plan for your golden years.

With its easy-to-understand terms, this annuity shines as a reliable option for retirement planning. Add security to your life with Power Index 5 NY!

Power Index 5 NY

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About Product

Type

Fixed Index

Purpose

Accumulation

Term

5 Years

Surrender schedule

Fee withdrawal:

10%

Market Value Adjustment

Return Of Premium

Minimum Contribution

$25,000

Maximum Contribution

$2,000,000

Max Age Qualified

Types Of Funds

Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP

Launch Date

03/28/2022

Power Index 5 NY is a 5-year solution with flexibility and guaranteed growth. This is a single premium deferred fixed index annuity. This annuity offers interest crediting that is linked to the price changes in the S&P 500 Index, the MSCI EAFE Index, and the Russell 2000 Index.

Minimum Accumulation Value (MAV)
This feature ensures growth of your premium at a minimum Guaranteed Growth Rate of at least 1%, adjusted for prior withdrawals and any applicable withdrawal charges. Power Index 5 NY locks in the greater of your contract value or the MAV on the 5th contract anniversary and every contract anniversary thereafter.

Available in states: NY

Allocation Accounts

Name	Type	Rates
1-Year S&P 500 PTP Cap	Point to Point Annual	6% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	6% Cap
1-Year MSCI EAFE PTP Cap	Point to Point Annual	6% Cap
1-Year S&P 500 PTP Cap	Point to Point Annual	7% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	7% Cap
1-Year MSCI EAFE PTP Cap	Point to Point Annual	7% Cap
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	4.75% Performance triggered
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	5.75% Performance triggered

Surrender schedule

Year	1	2	3	4	5
Penalty	8%	7%	6%	5%	4%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

No Riders for Power Index 5 NY annuity.

Waivers

Nursing Home

Withdrawal charges may be waived if you are confined to a nursing home or an assisted living facility. Restrictions and limitations apply.

Terminal Illness

The owner must be diagnosed with a Terminal Illness after the contract issue date. Only one partial or full withdrawal is permitted.

Extended Care

The owner must receive Extended Care for at least 90 consecutive days, beginning after the second contract year. The Extended Care may not have begun until after the second Contract Year. The rider terminates when the owner turns age 86.

Premium Notes

Note:

TSP funds have to be rolled into an IRA.
We allow inherited IRA/NQ assets so long as it is being stretched and provided no GLB is elected. We will not write any inherited fixed business and we will not write new business on inherited assets subject to either the 5-year or the 10-year rule.

Withdrawal Provisions

Penalty-Free withdrawalsAfter the first contract year, you are allowed to withdraw up to 10% of the contract value as of the preceding contract anniversary, without any withdrawal charges. You may not carry over the unused portion of the penalty-free withdrawal amount to the next contract year.

Company Founded: 1850

Excellent Rated Company

Corebridge Financial Inc. of New York

Company Ratings

4.2