Questions? 1.800.239.0356

Back to Top
fixed annuities

Fixed Indexed Annuity Details

Power Select Plus Income

Product Name

Power Select Plus Income

Annuity Type

Fixed Indexed Annuity

Issuing Insurance Company and Ratings

(3rd of 15 ratings)
(5th of 20 ratings)
(6th of 21 ratings)
(5th of 21 ratings)
(percentile of rated companies)

Product Information

The Power Select Plus Income is a deferred fixed indexed annuity issued by American General Life Insurance Company.

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). When your full premium deposit is allocated to the fixed interest account, the highest first year yield available (including bonus if applicable) is 2.25% on premium amounts of $100,000 - $1,000,000.

You can also allocate your premium 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this annuity provides up to 10% (noncumulative) of the contract value as the penalty free withdrawal amount that may be withdrawn from the annuity each contract year.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.

American General Life Insurance Company is rated “A” by A.M. Best, was founded in 1960, and has over $151.9 billion in total assets.

Rate Details

Premium Amount: $100,000 - $1,000,000 High-Band

Fixed Account First Year Yield: 2.25%
Fixed Account Current Interest Rate: 2.25%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Participation Rate: 80.00%
S&P 500 - Point-to-Point Cap: 5.00%

Premium Amount: $25,000 - $99,999 Low-Band

Fixed Account First Year Yield: 2.00%
Fixed Account Current Interest Rate: 2.00%
Fixed Account Guaranteed Minimum Interest Rate: 1.00%
Index Accounts - Annual Cap and Participation Rates:
Any Index - Highest Participation Rate: 55.00%
S&P 500 - Point-to-Point Cap: 4.25%

Initial Surrender Charge and MVA Periods

10 years

10 years

10 years

State variations may exist, refer to product disclosure for details.

Policy Details

Penalty Free Withdrawal Provisions

ADL-based, Death, Extended Care and Terminal Illness

See product brochure, disclosure and riders for additional details, limitations and availability. State variations, age restrictions and holding periods may apply.

State Variations

Not available in:  NY (as of 04/18/2022)

Market Value Adjustment (MVA) not applicable in all states.


Income Rider Available: The Lifetime Income Plus Flex – Guaranteed Living Benefit Rider is automatically included as part of the contract for an additional annual fee.