Power Index 5 NY
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Highlights
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.
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
|
Type
|
Fixed Index
|
|---|---|
|
Term
|
5 Years |
|
Surrender schedule
|
8%7%6%5%4% |
|
Free withdrawal
|
1st year: 0% 2nd+ year: 10% |
|
Market value adjustment
|
|
|
Return of premium
|
|
|
Minimum contribution
|
$25,000 |
|
Types of funds
|
Non-Qualified, IRA, IRA Rollover, IRA Transfer, SEP IRA, IRA-Roth, Stretch IRA, Inherited IRA, NQ Stretch, and TSP |
Brochure
|
Open brochure |
Find out if the Power Index 5 NY is the right product for you.
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
8.25%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
9.25%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
7%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| Penalty | 8% | 7% | 6% | 5% | 4% |
Riders
No Riders for Power Index 5 NY annuity.
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