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Power Index Premier NY with Lifetime Income Builder

The Power Index Premier NY with Lifetime Income Builder is a game changer for those planning their golden years. It promises secure income that lasts a lifetime, giving you the peaceful retirement you deserve.

With this annuity, you can expect profitable growth and protection against market fluctuations. Perfect for individuals seeking peace of mind in their financial future. Relax and let Power Index Premier NY do the work!

Power Index Premier NY with Lifetime Income Builder

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About Product

Type

Fixed Index

Purpose

Lifetime Income

Term

7 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, and TSP

Launch Date

10/13/2020

The Power Index Premier NY index annuity is for clients looking for an opportunity to participate in interest earned based on the positive change in an index, while also addressing risk for retirement income. And being one of the only index annuity products available in New York with an income protection feature, the new Power Index Premier NY can be the retirement solution that may help to secure a stream of guaranteed lifetime income for your Financial Professional’s clients.

Available in states: NY

Allocation Accounts

Name	Type	Rates
1-Year S&P 500 PTP Cap	Point to Point Annual	5% Cap
1-Year Russell 2000 PTP Cap	Point to Point Annual	5% Cap
1-Year MSCI EAFE PTP Cap	Point to Point Annual	5% Cap
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 Performance Triggered	Performance Triggered Annual	3.25% Performance triggered
1-Year S&P 500 Performance Triggered	Performance Triggered Annual	4.25% Performance triggered

Surrender schedule

Year	1	2	3	4	5	6	7
Penalty	9%	8%	7%	6%	5%	4%	3%

Hypothetical Projection

Comparison against S&P 500 using current rates

See if this annuity ranks in your top 3 for Ohio

Investment Amount

Riders

Name	Inbuilt	Fee
Lifetime Income Builder	Yes

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

Notes:

TSP funds have to be rolled into an IRA.
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).

Company Founded: 1850

Excellent Rated Company

Corebridge Financial Inc. of New York

Company Ratings

4.2