Learn how to “Keep the Difference” with American General Power Select Plus Income
Thursday, February 12, 2015 10:30 a.m. CST 8:30 a.m. PST | 9:30 a.m. MST | 11:30 a.m. EST
For your clients who are looking for a guaranteed retirement income with competitive payouts in the industry, take a look at this short webinar on the newest product offered through CreativeOne. The Power Select Plus Income Index Annuity with Lifetime Income Plus offers:
- Clients the opportunity to “Keep the Difference” and can provide guaranteed rising income for the first 10 contract years.
- Clients the potential for more income throughout retirement while doing business with a highly rated rated carrier.
Listen as CreativeOne’s Jason Westover and Jared Anderson discuss this innovative new product.
Jason Westover VP, Annuity Sales Jared Anderson VP, Sales, Market Synergy
Can’t attend the live event? Register today and we will forward you the link to the recorded webinar within 24 hours of the event.
After registering, you will receive a confirmation email containing information about joining the webinar.
For more information, call 800.992.2642 or email at [email protected]
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC. Lifetime Income Plus is automatically included with the Power Select Plus Income contract for an annual fee of 1.10% of the Income Base. The Income Base is the value on which guaranteed withdrawals are based; it is not used in the calculation of the contract value or any other benefits under the contract, and cannot be withdrawn partially or in a lump sum. Eligible premiums are all premiums made in the first 30 days of the contract and do not include premium enhancements or income credits. Restrictions and limitations apply. Contract and living benefit guarantees are backed by the claims-paying ability of American General Life Insurance Company. The Income Base is initially equal to the first eligible premium and premium enhancement. On each contract anniversary, the Income Base can increase to the greater of 1) the anniversary value, when higher than all previous anniversary values; or 2) the Income Base plus any available income credit. On the 10th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of eligible premiums, including premium enhancements) if no withdrawals have been taken from the contract. The Income Base is adjusted for excess withdrawals and is increased each time an eligible premium or corresponding premium enhancement is made.The Maximum Annual Withdrawal Amount (MAWA) is the amount of guaranteed income clients can withdraw each year. The MAWA is a percentage of the Income Base and varies from 3.75% to 6.50%, depending on whether one or two people are covered and their age at the time of the first withdrawal on or after age 60. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may also reduce benefits available under the contract as well as the amount available upon a full surrender. Please see the Owner Acknowledgement for details.Fixed 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 a specified index, depending on contract value allocation, without the risk of loss of premium due to market downturns or fluctuation. Index annuities may not be suitable or appropriate for all clients. Withdrawals may be subject to income taxes, and if taken prior to age 59½, an additional 10% federal tax may apply For more information regarding American General Life Insurance Company’s ratings, please visit aig.com. Annuities are issued by American General Life Insurance Company (AGL), a member of the American International Group, Inc. (AIG) family of financial services companies. AGL and AIG are not affiliated with CreativeOne.The Power Select Plus Income annuities are Modified Single Premium Deferred Fixed Index Annuities, Contract Number AG-801 (12/12). Rider form numbers: AGE-8009 (12/12); AG-8008 (12/12); AGE-8007 (12/12); AGE-8003 (12/12); AGE-8005 (12/12); AGE-8024 (9/13); AGE-8000 (12/12); AGE-8002 (9/13); AGE-8001 (12/12). Contract and guaranteed living benefit rider guarantees are backed by the claims-paying ability of the issuing insurer.
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