CUSIP Number:
02640M731
CUSIP Name:
5 Year Annuity
Product Policy Type:
Indexed Annuity
Inception Date:
08 Oct 2018
Close Date:
CUSIP Note:
Scrap Book:
The Power Index 5 Plus is a modified, single premium deferred index annuity with a market value adjustment. The minimum single premium is $25,000 for non-qualified and qualified money. Additional contributions are accepted within the first 30 days only. After the first contract year, 10% of the prior anniversary value may be withdrawn without withdrawal charges or MVA. Surrender charges are 5 years in duration and are waived in the event of death, the need for Extended care, diagnosis of a terminal illness, or requires assistance with activities of daily living . Withdrawals and taxable distributions may be subject to ordinary income tax and if made prior to age 59 1/2, may also be subject to a 10% federal income tax penalty. Guarantees based on claims paying ability of insurer. Products / features may not be available in all states. This is an annuity contract issued by an insurance company and not a bank product protected by the FDIC.
Last Modified:
01 Apr 2026 07:25