Lifetime Income Plus Multiplier Historical Rate of Return
The hypothetical historical performance provided herein showcases the annualized return of allocation strategies, representing the investment's annual growth rate considering compounding effects. Similar analyses can be found for each account in official fixed index annuity illustrations provided by insurance carriers.
What's not reflected:
The annualized return does not encompass rider charges, strategy fees, or applicable premium bonuses.
Notes on rates:
The information presented assumes the annuities' current caps, spreads, participation rates, and other related rates, without guarantee.
No guarantees:
These actual elements are subject to change over time, resulting in potentially higher or lower outcomes. Additionally, no single index consistently outperforms in every scenario. It is advisable to consult with a properly licensed and educated annuity professional before making any decisions.
Fees and Charges
The annual fee charged is 1.10% of the Income Base.
Index Options
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Russell 2000
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AB All Market
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Dimensional US Foundations
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PIMCO Global Optima
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ML Strategic Balanced
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S&P 500
Crediting Method
Crediting methods are used to determine the amount of indexed interest an annuity earns based on changes in the index over the ‘crediting period.’ Beneficiaries of the Power Index Advisory with Lifetime
Plus Multiplier can select from the following crediting methods:
- Annual point-to-point with a cap
- Annual point-to-point with a participation rate
- Monthly sum
- Multi-year point-to-point with a participation rate
Surrender Schedule
Here is the power index advisory with lifetime income plus multiplier flex surrender schedule.
| Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Penalty | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% |
Power Index Advisory With Lifetime Income Plus Multiplier Key Features
Market Value Adjustment (MVA)
This is a change that might have an effect on the amount you get if you cash out early, depending on how well the index you've picked is doing.
Protected Value Income
Is the market going down? Do not worry, your funds are safe. Nothing will happen to your money should the market take a downturn. However, if the market goes bullish, you will reap the benefits.
Income Multiplier
The more you put in as your first investment, the higher the gains. With this policy, your first investment is the most important and could be life-changing.
Power Index Advisory With Lifetime Income Plus Multiplier Pros and Cons
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Boosted Income Potential: With the Lifetime Income Plus Multiplier Flex®, you can potentially earn more over time through dynamic interest growth and matched withdrawals
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Security: It's a safe investment tied to how well certain market indices perform.
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Withdrawal Flexibility: After the first year, you can make withdrawals up to 10% annually without facing extra fees.
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Early Withdrawal Charges: If you take out more than the penalty-free amount before a certain time, you might have to pay fees.
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Market Adjustments: Taking out money early could mean your payout changes based on market conditions.
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Limited Upside: Your potential earnings might be capped or affected by rates tied to the market index you've chosen.
About the Company
Company Name
American General Life Insurance Company
Website
Phone Number
1-800-445-7862
A.M. Best Rating
A (excellent)
Moody’s Best Rating
A2 (Good)
About the Product
Product Name
Power Index Advisory with Lifetime Income Max
Product Type
Power Index Advisory with Lifetime Income Plus Multiplier Flex
Product Information
The Lifetime Income Plus Multiplier Flex is a powerful feature of the Power Index Advisory fixed index annuity that offers a diverse and potentially fruitful way to grow the income benefit base. It all depends on how much you put in at the star. It's designed to give your retirement income a real boost. Here's how it works: it doubles the interest you earn before you start taking money out and then matches that rate while you're withdrawing funds.
By doubling the interest earned before withdrawals and matching it during withdrawals, it provides a great mechanism for - hopefully - increasing retirement income. This feature, combined with the maximum withdrawal rate of 6.75%, makes it a wonderful and interesting option for retirees seeking both growth and security in their retirement income. As always, it is important to take into consideration any additional costs and understand the product's intricacies to make an informed decision that aligns with one's financial goals.
Account Types
Non-Qualified, Spousal IRA, 401k, IRA, TSA 403b, IRA Rollover, SEP IRA, IRA Transfer, IRA-Roth, Stretch IRA, 1035 Exchange, NQ Stretch, Inherited IRA, and TSP.
Not Available In
NY
