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Fixed Indexed Annuity

Power Index 5 NY

Corebridge Financial

7.25%

Best Cap

10%

Free W/D

New York

Only state

Product data status: May 29, 2026

Rates, state availability, rider terms, and contract language must be confirmed with a licensed financial advisor or insurance professional before purchase. Guarantees are backed by the issuing insurer.

Live product data

Rates as of May 29, 2026, based on the latest AdvisorWorld scan of CANNEX data.

S&P 500 annual point-to-point cap rate

7.25% cap on S&P 500

A five-year-surrender fixed indexed annuity from an A-rated Corebridge carrier, available only in New York, with a cap-and-trigger index menu across S&P 500, Nasdaq-100, Russell 2000, and MSCI EAFE — no income rider, no premium bonus, no return-of-premium.

1-year termAdvisorWorld + CANNEX data

Best fit

New York residents who want index-linked accumulation across recognizable benchmark caps with a shorter five-year surrender commitment, value seeing both a cap and a performance-trigger alternative on each index, and do not need a guaranteed lifetime-income rider built into the contract.

AM Best

A Excellent

Surrender period

5 years

Free withdrawal

10%/yr

Availability

New York only

Featured crediting strategies

Index / strategyRate mechanics

S&P 500

S&P 500 Index

7.25% cap rate

Rate varies by premium band.

S&P 500

S&P 500 Index

100% participation rate + 5.75% declared rate

Rate varies by premium band.

Nasdaq-100

Nasdaq-100 Index

7.75% cap rate

Rate varies by premium band.

Nasdaq-100

Nasdaq-100 Index

100% participation rate + 5.75% declared rate

Rate varies by premium band.

+ 2 volatility-controlled index options (Russell 2000, MSCI EAFE)

Product analyst notes

How to think about this contract

Why it can stand out

  • Carrier financial-strength is rated by three independent agencies (A.M. Best, S&P, and Moody's), so the strength view is not a single-source read.
  • Surrender term is five years — shorter than the seven- and ten-year terms common on retail FIAs, so the buyer's commitment window is correspondingly shorter.
  • Index menu spans three recognizable benchmark indexes (S&P 500, Nasdaq-100, Russell 2000) plus a developed-international option (MSCI EAFE), giving buyers a like-for-like cap on each benchmark rather than steering them into a single proprietary index.
  • Each cap index also offers a performance-trigger (declared-rate) variant, so a buyer who expects flat-to-down years can lock in a fixed credit whenever the index closes positive instead of riding a cap.

What to confirm

  • This is the New York-only filing of the Power Index 5 series. It is available exclusively to New York residents — the 49/50-state version (Power Index 5 Plus, productId A001JW) is the sibling filing for buyers outside New York, and the two contracts can differ on caps, participation rates, and features because of New York's separate suitability rules.
  • This contract is not a guaranteed-lifetime-withdrawal product. There is no GLWB income rider and no built-in Protected Income Value — the only liquidity protections beyond the free-withdrawal allowance are nursing-home and terminal-illness waivers. Do not compare its payout side-by-side with a rider-led income FIA.
  • There is no premium bonus and no return-of-premium guarantee on this contract — features that some retail FIAs include to soften the surrender commitment. A buyer comparing this to a bonus FIA should weigh that tradeoff explicitly against the shorter five-year surrender term.
  • The guaranteed-minimum cap floor sits well below the current cap, so caps on the index strategies can reset down toward that floor across the surrender term, and the buyer carries that renewal risk for the full five years.

Not ideal for

Buyers outside New York (the 49/50-state Power Index 5 Plus filing is the sibling product for them), buyers who need a contractually guaranteed lifetime withdrawal rate from a GLWB rider, buyers who want a premium bonus or a return-of-premium guarantee, or buyers who expect a death-benefit roll-up beyond the standard contract death benefit.

All crediting strategies

View rate listings (12 rows)

These are the current crediting strategy listings returned for this product. Use the filters to narrow by index, term, premium band, or rate type.

Par: 100% + Fixed: 5.75% · 1-yr

S&P 500 Index

trigger

5-yr surrender$100,000+

Par: 100% + Fixed: 5.75% · 1-yr

Nasdaq-100 Index

trigger

5-yr surrender$100,000+

Cap: 7.75% · 1-yr

Russell 2000 Index

cap

5-yr surrender$100,000+

Cap: 7.75% · 1-yr

MSCI EAFE Index

cap

5-yr surrender$100,000+

Cap: 7.75% · 1-yr

Nasdaq-100 Index

cap

5-yr surrender$100,000+

Cap: 7.25% · 1-yr

S&P 500 Index

cap

5-yr surrender$100,000+

Par: 100% + Fixed: 5.75% · 1-yr

S&P 500 Index

$100,000+

Par: 100% + Fixed: 5.75% · 1-yr

Nasdaq-100 Index

$100,000+

Cap: 7.75% · 1-yr

Russell 2000 Index

$100,000+

Cap: 7.75% · 1-yr

MSCI EAFE Index

$100,000+

Cap: 7.75% · 1-yr

Nasdaq-100 Index

$100,000+

Cap: 7.25% · 1-yr

S&P 500 Index

$100,000+

Income riders

Accumulation-focused — no income rider

This contract is designed for tax-deferred accumulation, not guaranteed lifetime income. No GLWB rider was returned because none is part of the contract design — compare against other accumulation FIAs on cap, participation rate, and surrender terms rather than lifetime income.

Key Features

Free withdrawal

10%/yr

Annual amount that may be available without surrender charges, subject to contract terms.

Surrender waivers

2

Nursing home waiver, Terminal illness waiver

Death benefit

Standard Death Benefit

Beneficiary value depends on contract terms, withdrawals, and rider elections.

Strategy guarantee

Minimum guaranteed cap: 2.95%

Strategy guarantee

Minimum guaranteed declared rate: 2.70%

Strategy guarantee

Minimum guaranteed participation: 100.00%

Annuitization options

Single and joint

Contract conversion options should be confirmed before purchase.

Fund types

Non-qualified, Qualified

Availability can vary by state and product terms.

Surrender schedule

Yr 1

8%

Yr 2

7%

Yr 3

6%

Yr 4

5%

Yr 5

4%

After

0%

Nursing home waiver, Terminal illness waiver, Surrender waivers

Documents

product guide

corebridge power series.pdf

Confidence: highReviewed Apr 14, 2026

Direct link not published — request the document from the carrier.

Carrier Ratings

AM BestA
S&PA+
Moody'sA2
S&PA+

Contract notes from product data

Crediting design

How the interest-crediting choices are framed

Power Index 5 NY currently shows 6 distinct indexed or fixed crediting choices across 12 current rate listings, including S&P 500 Index and Nasdaq-100 Index, with 2 volatility-controlled index options grouped separately. These choices matter because caps, participation rates, fixed accounts, spreads, and renewal terms are different mechanics and should not be ranked as one simple rate list.

  • S&P 500 Index: 7.25% cap
  • S&P 500 Index: 100% participation
  • Nasdaq-100 Index: 7.75% cap

Liquidity terms

Why access rules deserve as much attention as rates

A fixed indexed annuity can preserve more control than an income-only contract, but access is still governed by the surrender schedule, free-withdrawal terms, and waiver language. Those details are where many product comparisons become more meaningful than a simple rate list.

  • 10%/yr free withdrawal
  • 5 surrender years
  • Nursing home waiver
  • Terminal illness waiver

Verification note

Use carrier materials as term evidence, then confirm the current version

Carrier materials such as corebridge power series.pdf help explain the contract language behind the data on this page; the latest document activity we see is Apr 24, 2026. For the current brochure, rate sheet, or specimen contract, confirm the state-specific version with the carrier or a licensed financial professional.

  • Rates and rider terms can vary by state and issue age
  • Carrier guarantees depend on claims-paying ability
  • Current contract forms should be confirmed before purchase

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