![]() Do not buy an annuity solely for the bonus.Looking for the highest guaranteed returns? Check out the highest fixed annuity (MYGA) rates. Studies have shown the returns of MYGA’s and index annuities to be similar. an index annuity where you might earn 1-3% more per year. You might be better off in a MYGA with a pre-determined rate of return vs.Do not trust anyone that tells you otherwise. You earn a fixed-income type of returns, not market-like returns. It does NOT compete with the stock market. The Power 10 Protector Plus Income competes with bank CDs, bonds, and other fixed-income products.Want our recommendation? Request a index annuity quote. Participation rates, spreads, and crediting rates can be changed without your permission. American General Life has the right to change the terms of their index annuity at any time.Look for products with a short surrender period and no MVA if you might need access to the money. You also might be charged a market value adjustment on early withdrawals. The product’s surrender schedule is below. If you take excess withdrawals before the term is up, you will be charged surrender charges. ![]() Do not invest money you might need to live on. Make sure you are comfortable with committing your money for this period. Read our index annuity article to learn the truth about index annuities.Ĭonsidering The Power 10 Protector Plus Income If you like bonds, bank CDs, and other safe investments, they might be right for you.You receive some of the upside, but none of the downside. Gains are linked to a positive change in a market index. They are for investors who like safety and security. The Power 10 Protector Plus Income is a fixed indexed annuity.The Power 10 Protector Plus Income annuity is a fixed indexed annuity. We want you to have realistic expectations, so you won’t be disappointed later. Our goal is to be brutally honest with you about what to expect. Index annuities and variable annuities pay the highest commissions to insurance agents. It’s what you know for sure, that just isn’t true. If you are considering the Power 10 Protector Plus Income this might be the most important message you will read.īecause when it comes to index annuities, it’s not what you know that gets you into trouble. An Independent Review of the Power 10 Protector Plus Income from American General Life
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