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.

The Power Select Builder 8 annuity doesn’t include any charges or fees except for when you withdraw an amount exceeding the penalty-free limit. 

This bonus applies to all premiums paid within the first 30 days of the contract. It is calculated as a percentage of your premium and is automatically allocated to the interest-crediting options you choose. 

The Power Select Builder 8 annuity provides built-in protection for unexpected life events, allowing the annuity holder to benefit from free withdrawals under the following circumstances:

• Extended Care: Available after receiving extended care for at least 90 consecutive days after the first year of the contract.
• Terminal Illness: Available if the annuity holder is diagnosed with a terminal illness after the contract date.
• Nursing Home Care: Available if the annuity holder requires care in a nursing home or assisted living facility, in which case withdrawal charges may be waived.
• Death Benefit: If the annuity holder passes away, the death benefit provides financial security to the designated beneficiaries, ensuring they receive the remaining contract value.

Some riders may not be available in all states. 

As with any annuity, Power Select Builder 8 comes with surrender charges that are applied in case you decide to withdraw a higher-than-penalty-free amount. To avoid extra fees, stick to the allowed amount or see how much you expect to pay:  

*The interest rate may vary depending on the state. 

The Power Select Builder 8 offers attractive waivers and features, including: 

Market Value Adjustment (MVA)
The Power Select Builder 8 annuity includes Market Value Adjustments (MVA), which vary depending on the situation. If the interest rate is higher than the rate when the contract was issued, the MVA will decrease the withdrawal amount. Conversely, if the interest rate decreases, the MVA will increase the withdrawal amount. However, the MVA will never reduce the withdrawal amount below the specified minimum value.

The MVA does not apply to death benefits, permitted RMDs, 10% penalty-free withdrawals, or annuitization.

Annuitization
The Power Select Builder 8 annuity provides lifetime income through annuitization at no additional cost or via a feature called a Guaranteed Living Benefit (GLB) rider for an annual fee. 

Your premiums can be annuitized, meaning converted into a series of payments. During this process, withdrawal charges and Market Value Adjustments (MVA) are not applied.

If you choose annuitization, the GLB and the associated lifetime income withdrawals will be canceled.