Power Index 7 Plus
Corebridge Financial
10%
Free W/D
49
States
The Power Series of Index Annuities is a fixed index annuity that protects your retirement savings from market losses while giving you the chance to earn interest based on stock index performance. It's designed for people near or in retirement who want growth potential without stock market risk, plus guaranteed lifetime income.
Free Withdrawal
10%/yr
Available In
49 states
Min Premium
$25,000
Surrender
7 years
Key Features
Principal Protection (Power of Zero)
Zero impact on principal from market declinesNo loss of principal or earned interest due to market downturns. Your contract value is protected from negative index performance.
Tax-Deferred Growth
No annual tax on interest earnedEarnings are not taxed until withdrawn, allowing more assets to accumulate. You may benefit from lower tax brackets in retirement.
Index-Based Interest
S&P 500 positive 77% of time over last 30 years; average 10.49% annual returnInterest earned is linked to index performance (such as S&P 500). You earn interest when the index is positive; earn zero (not negative) when it's flat or down.
Guaranteed Lifetime Income (Annuitization)
No additional charge to annuitizeAt no extra cost, convert your contract to regular income payments guaranteed for life or the lives of you and your spouse.
Guaranteed Living Benefit Rider (Optional)
Rising lifetime income potential; continued contract accessPay an annual fee to access guaranteed lifetime income while retaining access to your contract value. Income has potential to rise with index performance.
Fixed Account Option
Guaranteed rate on fixed portionA 1-year fixed account with a guaranteed rate of interest provides stability and certainty alongside index accounts.
Highlights
Principal protection—your money doesn't decline if the market drops
Tax-deferred growth linked to index performance like the S&P 500
Guaranteed lifetime income options with no additional cost at annuitization
Upside potential on positive market years with downside protection on negative years
Optional income rider available for guaranteed lifetime withdrawals plus rising income potential
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
6%
Yr 4
5%
Yr 5
4%
Yr 6
3%
Yr 7
2%
After
0%
Nursing home waiver, RMD waiver, Terminal illness waiver
Best For
Retirees or near-retirees who want principal protection, tax-deferred growth with market upside, and guaranteed lifetime income without direct stock market exposure.
Consider Alternatives If
Investors who need immediate access to funds, those under 59½ seeking penalty-free withdrawals, or those in a high tax bracket where tax deferral offers minimal benefit.
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