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Why annuities from Corebridge Financial?
Corebridge Financial1 makes it possible for more people to take action in their financial lives. They offer expansive solutions to help secure financial futures, as well as industry experts all-in on your success, and experiences and resources to drive action.
With more than $390B in assets under management and administration as of June 30, 2024, Corebridge is one of the largest providers of retirement solutions and insurance products in the United States. Corebridge proudly partners with financial professionals and institutions to help individuals plan, save for, and achieve secure financial futures.
The insurance rating agency of AM Best recently affirmed Corebridge's financial strength rating of A (Excellent).2 The rating reflects its balance sheet strength, strong operating performance, favorable business profile, and appropriate enterprise risk management.>
Corebridge products available through Flourish Annuities*
|
Product |
Rate<†† |
Term†† |
Penalty-free withdrawals†† |
|---|---|---|---|
|
American Pathway Advisory 3 |
4.75% ($100k+) 4.00% ($25k+) |
3 years
|
Available starting in year 1
|
|
American Pathway Advisory 5 |
4.70% ($250k+)
4.65% ($100k+) 4.00% ($25k+) |
5 years
|
|
|
American Pathway Advisory 7 |
4.70% ($250k+)
4.65% ($100k+) 4.00% ($25k+) |
7 years
|
|
What is the American Pathway Advisory MYGA?
American Pathway Advisory is a single premium, tax deferred fixed annuity that offers multi-year guaranteed interest rate terms of either three, five, or seven years to help clients accumulate assets for retirement.
This product offers:
Enhanced flexibility
The fixed annuity has no withdrawal charges, giving clients access to their money and making it easier for RIAs to manage assets, should needs or circumstances change.3††
Protection from loss
Since American Pathway Advisory is not invested in equities or fixed income, you have the security of knowing that principal and earnings will not be vulnerable to market risk and will not decline due to a down market.3††
Tax-deferred growth
American Pathway Advisory offers tax-deferred growth, meaning that no income taxes are paid until earnings are withdrawn.^^ This benefit allows the annuity’s assets to compound over time and potentially grow faster than certificates of deposit (CDs) and other taxable fixed income investments.4‡‡††
American Pathway Advisory product information5††
|
Guarantee periods
|
3, 5, or 7 years
|
|
Issue ages
|
3-year and 5-year MYGA: 18-90 years
7-year MYGA: 18-88 years |
|
Premium3
|
Minimum of $25,000 and maximum of $2,000,000
|
|
Availability
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Available in all states except CA, ID, and NY
|
|
Death Benefit
|
If the owner dies before annuitization or surrender, the beneficiaries will receive at least the full contract value, with no market value adjustment (MVA) applied.
|
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Penalty-free Withdrawals
|
Before the first contract anniversary:Up to 10% of the premium may be withdrawn without incurring a MVA.
After the first contract anniversary:Up to 10% of the previous anniversary contract value may be withdrawn without incurring a MVA. During the 60-day renewal period (at the end of each guarantee period):No MVA will be imposed on any full or partial withdrawals. |
|
Extended care waiver
|
After the first contract year, if the owner is confined to a nursing home or other long-term care facility for at least 90 consecutive days, up to 100% of the contract value can be withdrawn without incurring a MVA. To receive the extended care waiver, the owner cannot be confined on the contract issue date or be over age 85.
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Terminal Illness Waiver
|
If the owner is initially diagnosed with a terminal illness after the contract issue date, one partial or a full withdrawal can be taken without incurring a MVA.
|
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Market Value Adjustment (MVA)
|
Subject to the exceptions stated in the contract, an MVA will be applied if part or all of the contract value is withdrawn above any allowable free amount. The MVA can be positive or negative.
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