Power Index Plus® Annuity
Accumulate more retirement assets through interest crediting strategies.
Power Index Plus is an index annuity designed to help you grow assets, while avoiding the risk of losing principal during down markets. You can choose to allocate your money across a range of tax-deferred index interest accounts or a fixed interest account.
Potential Benefits of Power Index Plus
Protect your principal from market downturns1 while earning potential interest from your choice of index interest accounts and a fixed interest account.
Keep more of your pre-retirement income by deferring taxes on earned interest until it is withdrawn (based on current tax laws).
1. Principal will decline with withdrawals. Please see the Owner Acknowledgment and Disclosure Statement for more information.
Your Choice of Index Interest Accounts
Two index interest accounts are available based in part on the growth potential of the S&P 500® (without dividends): annual point-to-point and annual point-to-point participation rate.
You can choose between two index interest accounts – annual and two-year point-to-point options –based in part on the performance of the ML Strategic Balanced Index® a hybrid index that diversifies across stocks, bonds, and cash to help stabilize returns.
Talk to Your Financial Professional
Ask your insurance-licensed, FINRA-registered financial professional for more information about annuity solutions that can help you establish a reliable retirement income source.
Annuities issued by American General Life Insurance Company (AGL) except the Power Index Elite index annuity, which is issued by The Variable Annuity Life Insurance Company (VALIC). AGL does not solicit business in the state of New York.
Products and riders may vary by state or may not be available in all states.
The aforementioned insurance company(ies) is(are) members of American International Group, Inc. Contract and optional guarantees are backed by the claims-paying ability of the issuing insurance company.
"AIG" is a marketing name for products issued by AGL and VALIC.
AIG/VALIC, its distributors and representatives cannot provide tax, accounting, legal, financial or investment advice or recommendation, and do not serve in any fiduciary capacity in our relationship with you. This material is intended to help you, with your financial advisor, make the best long-term decisions for your future. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For advice concerning your situation, consult your professional attorney, tax advisor or accountant.
Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be suitable or appropriate for all individuals. Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if you make withdrawals or surrender your annuity before age 59½. Consult your tax advisor regarding your specific situation.
Tax-qualified plans such as IRAs, 401(k)s or 403(b) plans are tax deferred regardless of whether or not they are funded with an annuity. If you use an annuity to fund a tax-qualified plan, you should know that an annuity does not provide any additional tax-deferred treatment of interest beyond the treatment by the tax-qualified plan itself. You should only use an index annuity in a tax-qualified plan if you want to benefit from features other than tax deferral.
Power Index Plus Modified Single Premium Deferred Fixed Index Annuity (Single Premium Only in Oregon), Contract Number AG-800 (12/12); Market Value Adjustment (MVA) Rider, Form Number AGE-8000 (12/12); Annual Point-to-Point Index Interest Account Rider, Form Number AGE-8003 (12/12); Terminal Illness Rider, Form Number AGE-8007 (12/12); Extended Care Rider, Form Number AGE-8008 (12/12); Activities of Daily Living Rider, Form Number AGE-8009 (12/12); and Annual Point-to-Point, Annual Point-to-Point with Annual Spread and 2-Year Point-to-Point Index Interest Account Riders, Form Number AGE-8028 (4/14).
The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American General Life Insurance Company and affiliates. Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by American General Life Insurance Company and affiliates. American General Life Insurance Company and affiliates’ products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index.
The ML Strategic Balanced Index® (“the Index”) provides systematic, rules-based access to the blended performance of the S&P 500® (without dividends), which serves to represent equity performance, and the Merrill Lynch 10-year U.S. Treasury Futures Total Return Index, which serves to represent fixed income performance. To help manage overall return volatility, the Index may also systematically utilize cash performance in addition to the performance of these two underlying indices.
American General Life Insurance Company’s licensing relationship with Merrill Lynch, Pierce, Fenner & Smith Incorporated for use of the Index and for use of certain service marks includes American General Life Insurance Company’s purchase of financial instruments for purposes of meeting its interest crediting obligations. Some portion of those instruments will, or may be, purchased from Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates.
Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The products of licensee American General Life Insurance Company have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY INDEX, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, ITS QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).
The Index is the property of Merrill Lynch, Pierce, Fenner & Smith Incorporated, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Merrill Lynch, Pierce, Fenner & Smith Incorporated.
Not FDIC or NCUA/NCUSIF Insured. May Lose Value - No Bank or Credit Union Guarantee - Not a Deposit - Not Insured by any Federal Government Agency.