AIG has announced the launch of Power Index Premier NY with the Lifetime Income Builder optional guaranteed living benefit rider:
- 5.15% LIFETIME WITHDRAWALS at 65 (single life) with guaranteed increases of 0.15% each year that income is deferred for up to 15 years.
- 1% GUARANTEED GROWTH in any market. Clients will receive lifetime income based on the greater of contract value or a Minimum Accumulation Value that increases at 1% per year.
- 3 LEADING EQUITY INDICES to help clients grow their assets and lifetime income: S&P 500®, Russell 2000®, MSCI EAFE.