Corebridge Financial Enhances The Power Series of Index Annuities with New Accumulation and Diversification Capabilities

Key Terms

index annuities financial

An index annuity is an insurance contract that credits returns based partly on the performance of a stock-market index while guaranteeing a minimum payment from the insurer. It works like a hybrid between a safe income product and a market-linked investment: you can gain when the indexed market rises but face limits on upside and penalties or reduced access if you withdraw early, so it matters to investors seeking steady, protected growth and predictable income.

withdrawal charge period financial

The withdrawal charge period is the set span of time after buying a financial product—such as an annuity or certain funds—during which taking out money triggers a fee or surrender charge. Think of it like a lease early-termination window: withdrawing early reduces the cash you receive. It matters to investors because it affects liquidity and the net proceeds from a sale or withdrawal, changing the effective return and timing of access to funds.

guaranteed minimum accumulation benefit financial

A guaranteed minimum accumulation benefit (GMAB) is an insurance feature often attached to a variable annuity that ensures the investment will be worth at least a specified minimum amount at a future date, regardless of market performance. Think of it as a safety net that locks in a minimum account value at a contract anniversary, which matters to investors because it reduces downside risk but typically comes with extra fees and contract limits that affect net returns.

claims-paying ability financial

Claims-paying ability is an insurance company's capacity to meet and settle policyholder claims when they arise, based on its available cash, reserves and financial strength. It matters to investors because it signals whether the company can withstand large or unexpected losses without needing outside help or cutting dividends, much like a household emergency fund shows whether a family can handle a sudden expense without borrowing or selling assets.

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Protected Growth Benefit builds on principal protection to deliver a guaranteed increase in contract value; preset allocation options simplify diversification through ready-made strategy blends

HOUSTON--(BUSINESS WIRE)-- Corebridge Financial today announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series of Index Annuities^®, enhancing the accumulation and diversification capabilities of the company’s index annuity lineup.

Corebridge research found that protecting and growing retirement savings are both key goals for pre-retirees ages 45+, with 73% saying it is very important to make sure their retirement nest egg does not decline in retirement and 72% saying it is very important to continue growing it.¹ The findings highlight the value of solutions that balance multiple financial objectives, and diversification can help support that approach.

“Product innovation is at its best when it improves how customers achieve their financial goals, and our latest index annuity enhancements are designed to do exactly that by helping retirement savers grow and protect their assets with greater confidence,” said Bryan Pinsky, President of Individual Retirement and Life Insurance at Corebridge Financial. “The Protected Growth Benefit adds another layer of accumulation support through a guaranteed increase in contract value, and preset allocation options make diversification easier through ready-made strategy blends.”

Protected Growth Benefit

Index annuities offer opportunities for growth tied to market index performance while guaranteeing that principal will never decline due to market volatility.² The Protected Growth Benefit builds on that foundation by adding a guaranteed level of contract value growth that can help customers pursue their long-term financial goals even in weak or flat market conditions.

Specifically, Protected Growth provides a guaranteed minimum accumulation benefit at the end of the withdrawal charge period. The current Protected Growth Benefit rate for contracts with a 7-year withdrawal charge period is 26.25%. For example, if a contract with a $100,000 premium and a 7-year withdrawal charge period earns less than $26,250 in credited interest over seven years, the contract value would be adjusted to $126,250.³

The Protected Growth Benefit is available in select products within The Power Series of Index Annuities family.⁴ While there are no fees for this optional product feature, interest crediting rates are lower when Protected Growth is elected.

Preset Allocation Options

Preset allocation options offer simplified access to diversification within a single annuity. Customers can select from ready-made strategy blends – U.S. Stability, Global Stability, Balanced, U.S. Growth and Global Growth – designed to support different objectives and preferences.

The options draw from a range of index strategies, including the S&P 500^®, Russell 2000^®, PIMCO Global Optima Index^®, MSCI EAFE, ML Strategic Balanced Index^® and Franklin Quality Dividend. By combining multiple strategies, preset allocation options help customers participate in growth opportunities while managing risk across different market environments.

Preset allocation options are available in select products within The Power Series of Index Annuities family.⁵ There are no fees associated with this product feature.

For more information about The Power Series of Index Annuities and the broader range of annuity solutions available from Corebridge, visit What We Offer on corebridgefinancial.com.

Important information on The Power Series of Index Annuities

Neither asset allocation nor diversification ensure a profit or protect against market loss.

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 the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be appropriate for all individuals.

Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if you make withdrawals or surrender your annuity before age 59½. Consult your tax advisor regarding your specific situation.

Index interest accounts are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company. Such circumstances include, but are not limited to, the discontinuation of an index, a change in the composition or calculation of an index, the inability to license the use of an index and the inability to hedge risks associated with these index interest accounts. Special rules govern how assets in a discontinued index interest account may be reallocated. These rules may differ by state. Please see the Owner Acknowledgment and Disclosure Statement for more information.

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 makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

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.

Annuities are issued by American General Life Insurance Company (AGL), Houston, Texas. Power Series Modified Single Premium Deferred Fixed Index Annuity. Contract numbers: AG-800 (12/12), AG-800-ID (12/12) and AG-801 (12/12).

American General Life Insurance Company (AGL) is a member of Corebridge Financial, Inc. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by AGL are its responsibility. AGL does not solicit, issue or deliver policies or contracts in the state of New York. Annuities and riders may vary by state and are not available in all states. This material is not intended for use in the state of New York.

Important information on the indices

Indices are unmanaged, have no identifiable objectives and cannot be purchased. Performance of indices do not reflect the deduction of any fees and charges.

The S&P 500^® is an equity index that tracks the performance of 500 of the largest companies in the U.S. It 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.

The Russell 2000^® is an equity index that tracks the performance of small-cap stocks in the U.S. The index annuity product to which this disclosure applies (the “Product”) has been developed solely by American General Life Insurance Company (“AGL”). The Product is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies.

All rights in the Russell 2000^® Index (the “Index”) vest in the relevant LSE Group company which owns the Index. Russell^®, Russell 2000^®, and FTSE Russell^® are trademark(s) of the relevant LSE Group companies and are used by any other LSE Group company under license. TMX^® is a trademark of TSX, Inc. and used by the LSE Group under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) the purchase of or operation of the Product. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by AGL.

The PIMCO Global Optima Index^® (the “Index”) is a comprehensive equity and bond index, offering exposure to global equity and U.S. fixed income markets. The Index is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use by American General Life Insurance Company (“AGL”) with the Power Series of Index Annuities (the “Product”). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs including, but not limited to, the suitability or appropriateness needs, as applicable, of AGL, the Product, or owners of the Product. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. Neither PIMCO, the index calculation agent nor any of the constituent owners provides investment advice to AGL with respect to the Product or to owners of the Product.

Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to AGL with respect to the Product. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the Product particularly.

PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. PIMCO shall have no responsibility or liability whatsoever with respect to the Product. The Index is comprised of a number of constituents, some of which are owned by entities other than PIMCO. The Index relies on a variety of publicly available data and information and licensable equity and fixed income sub-indices. All disclaimers relative to PIMCO also apply separately to those constituent owners and to the index calculation agent.

The MSCI EAFE is an international equity index that tracks the performance of large- and mid-cap stocks from developed markets around the world, excluding the U.S. and Canada. The product referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such product or any index on which such product is based. The contract contains a more detailed description of the limited relationship MSCI has with Licensee and any related product.

The ML Strategic Balanced Index^® is a hybrid index that seeks growth and risk management by actively allocating to equities, fixed income and cash. It embeds an annual index cost in the calculations of the change in index value over the index term. This “embedded index cost” will reduce any change in index value over the index term that would otherwise have been used in the calculation of index interest, and it funds certain operational and licensing costs for the index. It is not a fee paid by you or received by American General Life Insurance Company (“AGL”). AGL’s licensing relationship with Merrill Lynch, Pierce, Fenner & Smith Incorporated for use of the ML Strategic Balanced Index^® and for use of certain service marks includes AGL’s purchase of financial instruments for purposes of meeting its interest crediting obligations. Some portion of those instruments will, or may be, purchased from Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates.

Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The products of licensee AGL have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY INDEX, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, ITS QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS).

The ML Strategic Balanced Index^® (the “Index”) is the property of Merrill Lynch, Pierce, Fenner & Smith Incorporated, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Merrill Lynch, Pierce, Fenner & Smith Incorporated.

The Franklin Quality Dividend (“FQD”) Index is a hybrid index that seeks steady growth by combining two types of U.S. dividend-paying stocks and cash. It has been developed and is owned solely by QS Investors LLC, a subsidiary of Franklin Resources, Inc. Neither BlackRock (the sponsor of iShares ETFs) nor Invesco is affiliated with Franklin Resources, Inc. and QS Investors, LLC. FQD and any security or product based on or making use of FQD are not sponsored, endorsed, or promoted by BlackRock or Invesco, and neither company bears any responsibility or liability for or with respect to FQD or any security or product based on or making use of FQD.

FQD is calculated on behalf of QS Investors, LLC by Solactive or its affiliate, agent or partner. Solactive, QS Investors, LLC, Franklin Resources, Inc. and their respective affiliates do not make any claim, prediction, warranty or representation as to the accuracy and completeness of FQD, the results to be obtained from use of FQD or the suitability of FQD for the purpose to which it is being put by American General Life Insurance Company, and bear no liability for FQD or for any security or product based on or making use of FQD. FQD embeds an annual index cost in the calculations of the change in index value. This embedded index cost will reduce any change in index value, and it funds certain operational and licensing costs for the Index. Since it will affect the return of the Index, it may also impact the amount of interest credited to an index annuity; however, it is not a fee paid by the policy owner or received by the issuing insurance company.

About Corebridge Financial

Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than $380 billion in assets under management and administration as of March 31, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn.

¹ Corebridge Financial, Decumulation Planning Gap Study, June 2026.
² Index annuities are not a direct investment in the stock market. Interest earned is never less than zero in flat or down markets.
³ This hypothetical example reflects a 7-year withdrawal charge period where no withdrawals were taken. Rates are subject to change. Please see the current rate sheet for Protected Growth Benefit rates. The Protected Growth Benefit Rate is currently 26.25% for the 7-year product and 17.5% for the 5-year product.
⁴ Protected Growth Benefit is available only on Power Index 5 Plus and Power Index Plus and is not available in California or New York.
⁵ Preset allocation options are available only on Power Index 5 Plus, Power Index Plus, Power Index Plus Income and AG Choice 10 and are not available in New York.

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Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com
Matt Burkhard (Media): media.contact@corebridgefinancial.com

Source: Corebridge Financial