Their new structured annuity has an unique feature

October 8, 2024 by Sheryl J. Moore

Corebridge Financial just entered the structured annuity (RILA) space.

Their new MarketLock Annuity has a unique feature:

“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 30%, 40%, or 50% for 3-year terms and 50%, 75%, or 100% with 6-year terms.”

Congratulations to my main man Bryan Pinsky, my sister from another mister Tina Haley, and the entire product development team at Corebridge.

Specs are available in Wink’s AnnuitySpecs tool. Subscribers may log in to view product specifications. – sjm