Power Index Premier NY
Corebridge Financial
8%
Best Cap
10%
Free W/D
Power Index Premier NY is a fixed index annuity that lets New York investors participate in stock market gains through multiple indices while protecting against losses, with an optional lifetime income guarantee to help secure retirement income.
Free Withdrawal
10%/yr
Available In
1 states
Min Premium
$25,000
Surrender
7 years
Current Rates & Strategies
| Index | Crediting | Cap | Participation | Fixed |
|---|---|---|---|---|
| MSCI EAFE Index | Annual | 8% | 100% | -- |
| Nasdaq-100 Index | Annual | 8% | 100% | -- |
| Russell 2000 Index | Annual | 8% | 100% | -- |
| S&P 500 Index | Annual | 7.75% | 100% | -- |
Key Features
Minimum Accumulation Value (MAV)
100% of premiums with MGR applied annuallyA guaranteed floor value equal to 100% of premiums accumulated daily at the declared Minimum Growth Rate, less withdrawal charges, ensuring a minimum amount available at surrender or death.
Lifetime Income Builder Rider
No expressed fee; cost built into product economicsOptional rider providing an annual guaranteed lifetime income amount (GLIA) calculated by multiplying an income percentage (based on issue age) by the greater of contract value or MAV.
Available Indices
S&P 500, Russell 2000, MSCI EAFEThree leading equity indices with annual point-to-point crediting strategy and rate caps.
Penalty-Free Withdrawals
Up to 10% annually or MAWAClients can withdraw annually without surrender charges, either 10% of previous anniversary value or the Maximum Annual Withdrawal Amount if lifetime income is activated.
Withdrawal Charges
9, 8, 7, 6, 5, 4, 3, 0% over years 1-7A declining 7-year surrender charge schedule protects the insurance company and allows competitive crediting rates.
Minimum Premiums
$25,000 for both non-qualified and qualified accountsHigher minimum investment ensures this product is positioned for serious retirement savers.
Issue Ages
No GLB: 18-85; With GLB: 50-80Broad age range for non-GLB contracts; restricted ages for GLB feature to manage longevity risk.
Death Benefit
Greater of CV or MAVUpon death, beneficiary receives the greater of contract value (including any index interest) or the Minimum Accumulation Value.
Highlights
First index annuity in New York with an optional guaranteed lifetime income feature
Access to 3 leading equity indices (S&P 500, Russell 2000, MSCI EAFE) with attractive crediting rates
Minimum guaranteed floor protection with Minimum Accumulation Value backed by claims-paying ability of US Life
Penalty-free withdrawal options up to 10% annually or the Maximum Annual Withdrawal Amount if income is activated
Optional Lifetime Income Builder rider provides guaranteed income for life with no expressed fee
Surrender Schedule
Yr 1
9%
Yr 2
8%
Yr 3
7%
Yr 4
6%
Yr 5
5%
Yr 6
4%
Yr 7
3%
After
0%
Best For
Clients age 50-80 seeking retirement income protection who want exposure to market upside through multiple equity indices while maintaining a guaranteed income floor and are willing to commit capital for 7 years.
Consider Alternatives If
Clients who need immediate access to their full investment without penalties, those with short time horizons (less than 7 years), or those seeking liquidity-focused vehicles rather than long-term retirement income solutions.
Carrier Ratings
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