Power Index 7 without ROP (NY)
Fixed Indexed Annuity
The Power Index 7 without ROP is a deferred fixed indexed annuity issued by United States Life Ins Co of New York.
This annuity is a premium banded product. The rates you are eligible to earn will vary depending on the amount of premium you deposit (see Rate Details below).
Premium can be allocated between various strategy and index account options. For complete details on index account options, including current cap and participation rates, please contact AnnuityAdvantage at 1.800.239.0356.
During the time in which the annuity is subject to surrender penalties, there are policy provisions that allow partial access on a penalty free basis. Beginning in the second contract year, this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.
This annuity also waives withdrawal penalties upon death. Your named beneficiary(ies) will receive a death benefit equal to the full accumulation value. A beneficiary may choose to receive their death benefit in either a lump sum or select an available annuitization option.
Details on additional penalty waivers can be found in the Penalty Free Withdrawal Provisions section below.
United States Life Ins Co of New York is rated “A” by A.M. Best, was founded in 1850, and has over $26.2 billion in total assets.
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Oct 13th, 2020
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| Current | |
|---|---|
| Fixed Account First Year Yield: | N/A |
| Current | |
|---|---|
| Fixed Account First Year Yield: | N/A |
7 years
N/A
7 years
State variations may exist, refer to product disclosure for details.
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$10,000
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$10,000
|
|
$1,000,000
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$1,000,000
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75
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75
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75 days
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No
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|
Accumulation Value
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No
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None
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10%
|
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No
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Yes
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See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.
Available only in: NY (as of 11/04/2019)
Annual Reset Interest Crediting: On each contract anniversary, the annuity is credited with the greater of, 100% of the gain in the S&P 500 index up to the interest rate cap, or the minimum declared interest rate defined in the contract at the time of issue.
Description Here
