Corebridge Financial Partners with Market Synergy Group to Launch Power Select Advisory for Registered Investment Advisors
22 Março 2023 - 11:00AM
Business Wire
New Fixed Index Annuity Offers Growth
Potential, Downside Protection and Lifetime Income
Corebridge Financial today announced the expansion of its
partnership with Market Synergy Group (MSG), one of the nation’s
largest networks of independent marketing organizations, to include
the launch of Power Select AdvisorySM, a fixed index annuity
created for registered investment advisors (RIAs).
“We are excited to build on our long-standing partnership with
Market Synergy Group and help their clients save more for
retirement while protecting their portfolios in volatile markets,”
said Eric Taylor, RICP®, Senior Vice President, Independent Annuity
Distribution at Corebridge Financial. “Power Select Advisory
combines growth, protection and lifetime income benefits in an
advisory solution that’s specifically designed to help meet the
needs of registered investment advisors and their clients.”
Power Select Advisory is the newest addition to The Power Series
of Index Annuities®, Corebridge’s family of fixed index annuities,
and is available exclusively through MSG. In a first for an
advisory index annuity, Power Select Advisory offers growth
potential through indices created and managed by Dimensional Fund
Advisors and AllianceBernstein (AB), two leading asset management
firms known for their research experience and expertise. The
Dimensional US Foundations Index draws on prize-winning academic
and empirical research to pursue growth with targeted volatility,
and the AB All Market Index® combines global market exposure with a
dynamic momentum strategy to help stabilize returns.
The new Power Select Advisory includes protected lifetime income
options that can add certainty and flexibility throughout
retirement. These include two optional guaranteed living benefit
(GLB) riders—Lifetime Income Plus Flex®, which guarantees a 9%
income credit every year until lifetime income begins, and Lifetime
Income Plus Multiplier Flex®, which provides income credits that
double the interest earned in the annuity while saving for
retirement and that match the interest earned after starting
lifetime income.
“Market Synergy Group is committed to providing financial
professionals with innovative product solutions, and our strong
partnership with Corebridge Financial has been instrumental in
helping us deliver on that goal,” said Lance Sparks, President,
Market Synergy Group. “In today’s market environment, it’s critical
to have retirement solutions like Power Select Advisory that
combine upside growth potential with downside principal protection,
while ensuring that clients won’t outlive their income. We are
thrilled to feature this new advisory solution exclusively to our
RIA partners.”
Power Select Advisory is issued by American General Life
Insurance Company (AGL), a subsidiary of Corebridge Financial, Inc.
Guarantees are backed by the claims-paying ability of AGL.
# # #
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 suitable or appropriate for all individuals.
Withdrawals may be subject to federal and/or state income taxes.
An additional 10% federal tax may apply if individuals make
withdrawals or surrender their annuity before age 59½. Individuals
should consult their tax advisor regarding their specific
situation.
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. They are not backed by
the broker/dealer from which this annuity is purchased. Rates are
subject to change prior to contract issue.
The Power Series of Index Annuities are issued by American
General Life Insurance Company (AGL), Houston, Texas. Contract
Numbers: AG-800 (12/12) and AG-801 (12/12). 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. Guarantees are
backed by the claims-paying ability of the issuing insurance
company. 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 $355
billion in assets under management and administration as of
December 31, 2022, 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, YouTube, Facebook and Twitter.
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Josh Smith (Investors):
investorrelations@corebridgefinancial.com Matt Burkhard (Media):
media.contact@corebridgefinancial.com
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