Power Index Premier NY
Power Index Premier NY annuity is a dependable choice for future planning. It guarantees steady income streams, protecting you from market drops. It truly feels like a safety net!
Moreover, it gives potential for growth through index-linked interest. Your golden years can shine brighter with the Power Index Premier NY annuity!
Power Index Premier NY
About Product
Allocation Accounts
| Name | Type | Rates |
|---|---|---|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
6.5%
Cap
|
| 1-Year S&P 500 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year Russell 2000 PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year MSCI EAFE PTP Cap |
Point to Point
Annual
|
7.5%
Cap
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
5%
Performance triggered
|
| 1-Year S&P 500 Performance Triggered |
Performance Triggered
Annual
|
6%
Performance triggered
|
Surrender schedule
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
|---|---|---|---|---|---|---|---|
| Penalty | 9% | 8% | 7% | 6% | 5% | 4% | 3% |
Riders
No Riders for Power Index Premier NY annuity.
Waivers
Nursing Home
Withdrawal Charges and MVA may be waived if you are confined to a nursing home or an assisted living facility. Restrictions and limitations apply.
Terminal Illness
Withdrawal Charges and MVA may be waived if you are diagnosed with a terminal illness. Restrictions and limitations apply.
Extended Care
Withdrawal Charges and MVA may be waived if you have extended care needs. Restrictions and limitations apply.
Premium Notes
- 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.
- a non-New York resident may purchase Power Index Premier NY as long as purchasing the annuity was not the sole purpose for them being in the state and as long as the policy is delivered in New York.
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. RMDsAll withdrawals will reduce your contract value. Withdrawal Charges will not apply to RMDs attributable to the contract. RMDs count against the 10% FW Amount and the Guaranteed Lifetime Income Amount (if the Lifetime Income Builder GLB rider is elected).
- A.M. Best A
- Fitch A+
- S&P A+
- Moody's A2
- Comdex 80
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