Corebridge Financial Launches Registered Index-Linked Annuity (RILA), Becoming the Only Top 3 Annuity Provider with Products in Every Major Category
Corebridge Financial has launched Corebridge MarketLock® Annuity, a registered index-linked annuity (RILA) issued by its subsidiary American General Life Insurance Company. This launch makes Corebridge the only top 3 annuity provider with products in every major category. MarketLock features an exclusive Lock Strategy that automatically secures gains when a preset growth target is reached, along with popular RILA investment strategies.
The new RILA offers 20 different strategy account options, including Cap, Trigger, and Dual Direction crediting methods. It provides growth potential with downside protection through a buffer system. RILAs have been gaining popularity, setting new sales records for five consecutive quarters. Corebridge aims to meet diverse retirement needs and help tackle challenges like inflation, rising healthcare costs, and market volatility with this product.
Corebridge Financial ha lanciato Corebridge MarketLock® Annuity, una rendita indicizzata registrata (RILA) emessa dalla sua sussidiaria American General Life Insurance Company. Questo lancio rende Corebridge il solo fornitore di rendite tra i primi 3 con prodotti in ogni grande categoria. MarketLock presenta una strategia di blocco esclusiva che assicura automaticamente i guadagni quando viene raggiunto un obiettivo di crescita prestabilito, insieme a popolari strategie di investimento RILA.
La nuova RILA offre 20 diverse opzioni di strategie di conto, tra cui metodi di accredito Cap, Trigger e Dual Direction. Fornisce potenziale di crescita con protezione al ribasso attraverso un sistema di buffer. Le RILA stanno guadagnando popolarità, stabilendo nuovi record di vendite per cinque trimestri consecutivi. Corebridge mira a soddisfare diverse esigenze pensionistiche e ad affrontare sfide come l'inflazione, l'aumento dei costi sanitari e la volatilità del mercato con questo prodotto.
Corebridge Financial ha lanzado Corebridge MarketLock® Annuity, una anualidad vinculada a un índice (RILA) emitida por su subsidiaria American General Life Insurance Company. Este lanzamiento convierte a Corebridge en el único proveedor de anualidades entre los 3 principales con productos en todas las categorías importantes. MarketLock cuenta con una estrategia de bloqueo exclusiva que asegura automáticamente las ganancias cuando se alcanza un objetivo de crecimiento predefinido, junto con populares estrategias de inversión RILA.
La nueva RILA ofrece 20 diferentes opciones de cuentas estratégicas, incluidos métodos de acreditación Cap, Trigger y Dual Direction. Proporciona potencial de crecimiento con protección a la baja a través de un sistema de buffer. Las RILA han ido ganando popularidad, estableciendo nuevos récords de ventas durante cinco trimestres consecutivos. Corebridge tiene como objetivo satisfacer diversas necesidades de jubilación y ayudar a abordar desafíos como la inflación, el aumento de los costos de atención médica y la volatilidad del mercado con este producto.
코어브릿지 파이낸셜이 자회사인 아메리칸 제너럴 생명보험회사가 발행한 등록 지수 연금인 코어브릿지 마켓락® 연금을 출시했습니다. 이번 런칭으로 코어브릿지는 모든 주요 카테고리에 제품이 있는 상위 3개 연금 제공자 중 유일한 존재가 되었습니다. 마켓락은 사전 설정된 성장 목표에 도달했을 때 수익을 자동으로 확보하는 독점적인 잠금 전략을 특징으로 하며, 인기 있는 RILA 투자 전략과 함께 제공됩니다.
새로운 RILA는 20가지 다양한 전략 계좌 옵션을 제공하며, 여기에는 Cap, Trigger 및 Dual Direction 신용 방법이 포함됩니다. 버퍼 시스템을 통해 하락 보호와 함께 성장 잠재력을 제공합니다. RILA는 인기를 얻고 있으며, 5분기 연속으로 새로운 판매 기록을 세우고 있습니다. 코어브릿지는 이 제품을 통해 다양한 퇴직 요구를 충족하고 인플레이션, 증가하는 의료 비용 및 시장 변동성과 같은 문제를 해결하는 데 도움을 주는 것을 목표로 하고 있습니다.
Corebridge Financial a lancé Corebridge MarketLock® Annuity, une rente indexée enregistrée (RILA) émise par sa filiale American General Life Insurance Company. Ce lancement fait de Corebridge le seul des 3 principaux fournisseurs de rentes avec des produits dans toutes les grandes catégories. MarketLock propose une stratégie de verrouillage exclusive qui sécurise automatiquement les gains lorsque un objectif de croissance prédéfini est atteint, ainsi que des stratégies d'investissement RILA populaires.
La nouvelle RILA offre 20 différentes options de compte stratégique, y compris des méthodes de crédit Cap, Trigger et Dual Direction. Elle offre un potentiel de croissance avec une protection à la baisse grâce à un système de buffer. Les RILA gagnent en popularité, établissant de nouveaux records de ventes pendant cinq trimestres consécutifs. Corebridge vise à répondre à divers besoins de retraite et à aider à relever des défis tels que l'inflation, l'augmentation des coûts de soins de santé et la volatilité du marché avec ce produit.
Corebridge Financial hat die Corebridge MarketLock® Annuity eingeführt, eine registrierte indexgebundene Rente (RILA), die von ihrer Tochtergesellschaft American General Life Insurance Company ausgegeben wird. Mit diesem Launch ist Corebridge der einzige Anbieter unter den Top 3 mit Produkten in jeder wichtigen Kategorie. MarketLock verfügt über eine exklusive Lock-Strategie, die automatisch Gewinne sichert, wenn ein festgelegtes Wachstumsziel erreicht wird, zusammen mit beliebten RILA-Investitionsstrategien.
Die neue RILA bietet 20 verschiedene strategische Kontowahlmöglichkeiten, darunter die Kreditierungsverfahren Cap, Trigger und Dual Direction. Sie bietet Wachstumspotenzial mit Abwärtschutz durch ein Buffersystem. RILAs gewinnen an Popularität und setzen in fünf aufeinander folgenden Quartalen neue Verkaufsrekorde. Corebridge zielt darauf ab, unterschiedliche Rentenbedürfnisse zu erfüllen und Herausforderungen wie Inflation, steigende Gesundheitskosten und Marktvolatilität mit diesem Produkt zu bewältigen.
- Launch of Corebridge MarketLock® Annuity makes the company the only top 3 annuity provider with products in every major category
- Exclusive Lock Strategy automatically secures gains when preset growth targets are reached
- 20 different strategy account options available, offering versatility to meet client needs
- RILAs have been setting new sales records for five consecutive quarters, indicating market demand
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Insights
Corebridge Financial's launch of the MarketLock® Annuity, a registered index-linked annuity (RILA), is a significant move that positions the company as the only top 3 annuity provider with products in every major category. This diversification strategy is likely to strengthen Corebridge's market position and appeal to a broader range of investors.
The RILA market has been experiencing rapid growth, with record sales for five consecutive quarters. By entering this market, Corebridge is tapping into a high-demand product segment, which could potentially boost its revenue and market share. The exclusive Lock Strategy feature, which automatically secures gains when preset growth targets are reached, differentiates MarketLock from competitors and may attract investors seeking more control over their returns.
With
While the impact on Corebridge's financials remains to be seen, this product launch positions the company well in a growing market segment and could contribute positively to future earnings.
The launch of Corebridge MarketLock® Annuity is strategically timed to capitalize on the growing popularity of Registered Index-Linked Annuities (RILAs) in the U.S. market. RILAs have shown exceptional growth, outpacing other annuity product categories for five consecutive quarters. This trend indicates a shifting consumer preference towards products that offer a balance of growth potential and downside protection.
Corebridge's entry into the RILA market with a product featuring both exclusive and popular investment strategies could potentially disrupt the competitive landscape. The Lock Strategy, in particular, addresses a specific market need for more control over investment gains, which could be a key differentiator in attracting both financial professionals and end-consumers.
The product's design, catering to concerns about inflation, healthcare costs and market volatility, aligns well with current market trends and consumer anxieties about retirement planning. By offering 20 different strategy account options, Corebridge is positioning itself to capture a wide range of investor profiles and risk appetites.
This product launch, combined with Corebridge's existing portfolio, could potentially lead to increased market share and strengthen the company's position in the competitive annuity market landscape.
Corebridge MarketLock Annuity features an exclusive new accumulation strategy, along with many of the most popular RILA investment options in the market
With its new RILA, Corebridge has added to its expansive suite of retirement solutions to become the only top 3 annuity provider with products in every major category—fixed annuities, index annuities, variable annuities and now registered index-linked annuities.1
“We recognize how essential it is for financial professionals to have a single trusted annuity provider that can help them meet the diverse retirement needs of all their clients. With MarketLock, Corebridge is expanding on what is already one of the broadest and most comprehensive annuity platforms in the industry,” said Bryan Pinsky, President of Individual Retirement at Corebridge Financial. “As more Gen Xers and millennials start planning for retirement, annuities and especially RILAs have become increasingly important in diversifying investment portfolios and helping to deliver growth potential with some downside protection.”
RILAs are growing in popularity across the
The new MarketLock RILA includes a powerful investment strategy exclusive to Corebridge. This Lock Strategy is the only available RILA strategy account option that locks and credits a rate based on actual S&P 500® index performance on the day the preset growth target is reached, securing these gains automatically and immediately—even if the target is hit before the strategy term’s end date. After the gains are locked in, consumers are guaranteed a fixed rate of interest until the next contract anniversary, when they can transfer assets to any available MarketLock strategy account option. Growth targets for the Lock Strategy are
“As a longtime annuity pioneer, Corebridge is proud to bring our track record of success and innovation to the RILA space. Our Lock Strategy, with its convenience, ease-of-use and ability to lock in actual index performance, is a key differentiator that separates MarketLock from other RILAs with lock-in features,” said Tina Haley, Senior Vice President & Head of Product for Individual Retirement at Corebridge Financial. “What makes Corebridge MarketLock Annuity stand out is that we deliver this powerful new enhancement while also providing many of the RILA strategies that are already familiar to financial professionals. Having all this versatility packed into a single RILA is incredibly valuable in helping meet clients’ needs and goals in changing market environments.”
Corebridge MarketLock Annuity is highly customizable with 20 different strategy account options that include the exclusive Lock Strategy, as well as some of the most popular crediting methods in the industry, such as Cap (offers earnings potential up to a maximum percentage), Trigger (can guarantee a preset rate of return when index performance is
Corebridge has developed a range of high-impact interactive tools for financial professionals and their clients to demonstrate how each MarketLock strategy account option may perform across different market environments. More information about Corebridge MarketLock Annuity can be found here on the Corebridge website. The full breadth of Corebridge annuity products can be seen here.
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Registered index-linked annuities (RILAs) are long-term insurance products designed for retirement. They are not a direct investment in the stock market. RILAs provide the potential for earnings to be credited based in part on the performance of the specified index with the potential for risk of loss of principal due to market downturns or fluctuations. The principal value and returns will fluctuate so that the value when redeemed may be worth more or less than the original cost. RILAs may not be suitable or appropriate for all individuals.
Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax and if taken prior to age 59½, an additional
Indices are unmanaged, have no identifiable objectives and cannot be purchased. Index options are price return options and do not reflect dividends paid. Strategy account options are subject to change at any time. See the prospectus for more information. Strategy account options are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company. Strategy account options may vary by firm and may not be available in all firms or states.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by American General Life Insurance Company (“AGL”) and affiliates. Standard & Poor's®, S&P®, and S&P 500® are registered trademarks of Standard & Poor's Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AGL and affiliates. AGL and affiliates' products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions or interruptions of the S&P 500® Index.
This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.
All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not obligations of or backed by the distributor, insurance agency or any affiliates of those entities and none make any representations or guarantees regarding the claims-paying ability of the issuing insurance company. Products and features may vary by state and may not be available in all states or firms. The purchase of Corebridge MarketLock Annuity is not required for and is not a term or provision of any banking service or activity.
Corebridge MarketLock Annuity is sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract, which should be considered carefully before investing. A prospectus and summary prospectus if available may be obtained by calling 1-877-445-1262. Investors should read the prospectus carefully before investing.
Corebridge MarketLock Annuity is issued by American General Life Insurance Company (AGL),
Not FDIC or NCUA/NCUSIF Insured |
May Lose Value • No Bank or Credit Union Guarantee |
Not a Deposit • Not Insured by any Federal Government Agency |
About Corebridge Financial
Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than
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1 LIMRA, “U.S. Individual Annuity Sales (2024 Second Quarter Results),” “U.S. Individual Fixed Annuity Sales (2024 Second Quarter Fixed Breakout Results)” and “U.S. Individual Variable Annuity Sales (2024 Second Quarter VA Breakout Results),” LIMRA Fact Tank, https://www.limra.com/en/newsroom/fact-tank/
2 LIMRA, “LIMRA:
View source version on businesswire.com: https://www.businesswire.com/news/home/20241004784165/en/
Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com
Matt Burkhard (Media): media.contact@corebridgefinancial.com
Source: Corebridge Financial
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