Power Index 5 NY
Corebridge Financial
7.75%
Best Cap
10%
Free W/D
A fixed index annuity designed to grow your retirement savings and provide guaranteed lifetime income that can increase with market returns. Best for people age 50+ seeking income security without market risk.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$25,000
Surrender
5 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| MSCI EAFE Index | Annual | 7.75% | 100% | -- |
| Nasdaq-100 Index | Annual | 7.75% | 100% | -- |
| Russell 2000 Index | Annual | 7.75% | 100% | -- |
| S&P 500 Index | Annual | 7.5% | 100% | -- |
Key Features
Income Multiplier
2x before, 1x after activationAnnual Income Credits equal 200% of interest earned before activation, then 100% after you begin withdrawals
Guaranteed Withdrawal Rate
Up to 7.80% annually for lifeMaximum annual withdrawal percentage based on age at activation, ranging from 5.65% to 7.80% for single life
Principal Protection
0% floor, index-linked upsideYour principal is protected against market downturns while you earn interest based on index performance
Coverage Flexibility
Adjustable at activation or life eventsChange between single or joint life coverage, add/remove beneficiaries, and take pre-activation withdrawals without losing benefits
Enhanced Income Benefit
200% single / 150% joint lifeIf confined to a qualified facility for 90+ days, increase withdrawals up to 200% for up to 5 years
Highlights
Double your interest earned before taking income, then match it after withdrawals begin for maximum lifetime income
Guaranteed lifetime income with up to 7.80% annual withdrawals that can increase based on market performance
Flexible coverage options—change from single to joint life, take pre-activation withdrawals, and adjust plans as life changes
Enhanced income benefit (up to 200% for assisted living) automatically included with no additional fee
Principal protected from market downturns while maintaining upside growth potential
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Individuals age 50 and older seeking guaranteed lifetime income protection combined with market growth potential and the flexibility to adjust coverage as life circumstances change.
Consider Alternatives If
People who need immediate access to their full principal without fees, or those seeking to maximize short-term gains without protection from market downturns.
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