American Pathway Advisory Represents Next Step
Forward as Corebridge Connects with RIAs Seeking Solutions that
Build Assets and Protect Income
Corebridge Financial today announced the expansion of its
annuity lineup for registered investment advisors (RIAs) with the
launch of American Pathway AdvisorySM—a multi-year guaranteed
annuity (MYGA) that offers growth and principal protection, along
with flexibility and convenience.
American Pathway Advisory is a fixed annuity that brings
enhanced flexibility to the MYGA space through innovative renewal
options. Like many MYGAs, American Pathway Advisory allows
consumers to lock in growth for three, five or seven years, but
where the Corebridge MYGA stands out is the ability of consumers to
maintain or modify their term at renewal without having to fill out
a new application or purchase a new contract. Additionally,
American Pathway Advisory has no withdrawal charges, giving
consumers access to their money and making it easier for RIAs to
manage assets, should needs or circumstances change.1
"American Pathway Advisory MYGA makes it simple and efficient
for RIAs to maintain a consistent allocation to guaranteed rates
within their client portfolios,” said Bryan Pinsky, President of
Individual Retirement at Corebridge Financial. “While most MYGAs
default to a one-year rate at the end of their term, American
Pathway Advisory allows consumers to easily renew for another
three, five or seven years and possibly benefit from higher
rates."
American Pathway Advisory represents the next step forward as
Corebridge continues to provide fee-based advisors with flexible
advisory solutions that help clients grow assets on a tax-deferred
basis, manage risk and generate predictable income. Registered
investment advisors can visit the Corebridge RIA-dedicated website
to find business development and client education programs, access
interactive tools that help clients better plan and prepare for
retirement and discover more about the full suite of Corebridge
advisory solutions.
Corebridge has expanded its set of technology solutions and
support to create a seamless digital experience for RIAs, both for
those who are insurance-licensed and for those who work with
licensed outsourced insurance desks (OIDs). Corebridge has also
established strategic alliances with industry-leading platforms
that provide integrated data so RIAs can better manage client
portfolios.
"Corebridge Financial is helping more and more registered
investment advisors take action to improve retirement outcomes for
their clients,” said Eric Taylor, RICP®, Senior Vice President,
National Sales Manager, Corebridge Financial. “With guaranteed
rates, enhanced flexibility and integrated technology and support,
our new American Pathway Advisory MYGA provides RIAs with a
versatile advisory solution to help meet the diverse retirement
needs of their clients.”
American Pathway Advisory also 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.2
Since American Pathway Advisory is not invested in equities or
fixed income, consumers have the security of knowing that their
principal and earnings will not be vulnerable to market risk and
will never decline in a down market.1 Additionally, American
Pathway Advisory can provide consumers with protected income for
life, no matter how long they live or how the markets perform.3
American Pathway Advisory is issued by American General Life
Insurance Company (AGL), a subsidiary of Corebridge Financial,
Inc., and is available to fee-based advisors at RIAs, as well as at
broker-dealers, banks and other financial institutions. Guarantees
are backed by the claims-paying ability of AGL.
# # #
Annuities are long-term products designed for retirement. A
fixed annuity is a contract between consumers and an insurance
company that, in exchange for their premium (earning a fixed rate
of interest), offers a stream of guaranteed income payments.
Earnings are subject to taxation upon withdrawal. Early
withdrawals may be subject to a market value adjustment. 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 10% federal tax may apply.
Tax-qualified plans such as IRAs, 401(k)s or 403(b) plans are
tax deferred regardless of whether or not they are funded with an
annuity. Consumers should only use an annuity in a tax-qualified
plan if they want to benefit from features other than tax
deferral.
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 benefit guarantees including any fixed account
crediting rates or annuity rates are backed by the claims-paying
ability of the issuing insurance company. Rates are subject to
change prior to contract issue.
Annuities are issued by American General Life Insurance
Company (AGL), Houston, Texas. American Pathway Advisory
Contract Numbers: ICC23-AG-810 (7/23) and AG-810 (7/23). AGL is a
member company 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 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 states
of Idaho and New York.
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 (NYSE: CRBG) makes it possible for more
people to take action in their financial lives. With more than $360
billion in assets under management and administration as of
September 30, 2023, Corebridge 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 and YouTube.
1 Withdrawals may be subject to a market value adjustment, which
can increase or decrease the value of the annuity, depending on the
interest rate environment. 2 CDs and fixed annuities have different
objectives, risk tolerance levels and time horizons. For example,
CDs are insured by the Federal Deposit Insurance Corporation
(FDIC), while fixed annuities are not. Consumers should consult
with their financial professional or agent to see which financial
products may be best for their individual circumstances. 3 Lifetime
income is available through annuitization, a process that
permanently converts the annuity contract into periodic income
payments. Once clients annuitize a contract, they will no longer
have access to the principal.
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version on businesswire.com: https://www.businesswire.com/news/home/20240123832709/en/
Işıl Müderrisoğlu (Investors):
investorrelations@corebridgefinancial.com Matt Ward (Media):
media.contact@corebridgefinancial.com
Corebridge Financial (NYSE:CRBG)
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