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Series Modified Single Premium Deferred Fixed Index Annuity (Single For legal,Īccounting or tax advice, consult the appropriate professional.Īnnuities are issued by American General Life InsuranceĬompany, 2727-A Allen Parkway, Houston, Texas 77019.

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With your financial professional regarding your situation. Laws and regulations are complex and subject to change. Tax advice, nor is it intended to make any recommendations. This material is general in nature, was developed for educational use only,Īnd is not intended to provide financial, legal, fiduciary, accounting or

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Income Base under the Lifetime Income Plus rider if it occurs during the Is a withdrawal and, as such, will prevent the application of the Minimum In addition, a Required Minimum Distribution under a qualified contract A Power Select Index Annuity may not be appropriateįor use with contributory plans if you plan to make ongoing contributions. If you intend to take Required Minimumĭistributions (RMDs), please consult with a tax advisor concerning your Only use an index annuity in a tax-qualified plan if you want to benefitįrom features other than tax deferral. Interest beyond the treatment by the tax-qualified plan itself. That an annuity does not provide any additional tax-deferred treatment of Power Select Index Annuity to fund a tax-qualified plan, you should know Regardless of whether or not they are funded with an annuity. Tax-qualified plans such as IRAs, 401(k)s or 403(b) plans are tax deferred Consult your tax advisor regarding your specific situation. An additionalġ0% federal tax may apply if you make withdrawals or surrender your annuityīefore age 59½. Withdrawals may be subject to federal and/or state income taxes.

May not be suitable or appropriate for all individuals. Risk of loss of premium due to market downturns or fluctuations. They provide the potential for interest to beĬredited based in part on the performance of the specified index, without the Long-term insurance products with guarantees backed by the claims-paying ability Index annuities are not a direct investment in the stock market. Interest will never be less than zero in flat *Interest earned depends on the index’s performance and interestĬrediting strategy of the selected index interest account, which limits theĪmount of potential interest. May be issued per contract and cannot be changed thereafter. These riders are backed by theĬlaims-paying ability of AGL and are subject to annual fees. Of two guaranteed living benefit riders that guarantee lifetime time income, Income: When you need income, the issuing company promises to make regular income payments that can last for life or for a time period you choose using a process known as annuitization (for no additional cost).įor additional income guarantees, Power Select Plus Income offers the choice.Accumulation: In exchange for your money (premium), the annuity provides you with the opportunity to earn interest based in part on the performance of a particular index and/or based on a fixed rate.It is not a direct investment in the stock market or any particular index. Understanding the Power Select Index AnnuitiesĪ Power Select Index Annuity is an insurance contract issued by American General Life Insurance Company (AGL), a member company of AIG. With the guidance of your agent, make informed decisions. This site is intended only for educational purposes to help you,

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