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Best Guaranteed Annuity Rates
2-Year
5.25%
3-Year
6.25%
5-Year
6.30%
7-Year
5.80%
10-Year
5.80%

Power Index 5 NY

In the complex world of retirement planning, annuities stand out as a popular choice for those seeking steady income streams in their golden years. Amidst a crowded market, a few annuity companies have distinguished themselves through their robust financial strength, customer service excellence, and diverse product offerings.

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Key Takeaways

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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
The Minimum Accumulation Value (MAV) is an amount guaranteed to be available for withdrawal upon surrender, payment of a death benefit, or upon beginning an income plan. The minimum accumulation value is 100% of premiums less withdrawals taken (including withdrawal charges), accumulated on a daily basis at the annual interest rate for the minimum growth rate less any current withdrawal charge.

Guaranteed Step-Up
Power Index 5 NY locks in the greater of the MAV or CV on each contract anniversary beginning on the 5th contract anniversary.
Available in states: NY

Allocation Accounts

Name Type Rates
1-Year S&P 500 PTP Cap
Point to Point
Annual
8% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
8% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
8% Cap
1-Year S&P 500 PTP Cap
Point to Point
Annual
9% Cap
1-Year Russell 2000 PTP Cap
Point to Point
Annual
9% Cap
1-Year MSCI EAFE PTP Cap
Point to Point
Annual
9% Cap

Surrender schedule

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