A principal-protected fixed-indexed annuity with a built-in Lifetime Income Choice rider — combining indexed growth potential with guaranteed lifetime income.
| Annuity Type | Fixed-Indexed Annuity (FIA) with Market Value Adjustment (MVA) |
| Issued By | Corebridge Financial Inc. (formerly AIG Life & Retirement) — one of the largest insurance and financial services providers in the U.S. |
| AM Best Rating | A (Excellent) — strong financial strength and ability to meet ongoing obligations |
| Surrender Period | 10 years — charges start at 9% in Year 1 (most states), declining to 1% in Year 10, then 0% |
| Minimum Premium | $25,000 initial (qualified and non-qualified); subsequent premiums only in first 30 days after issue, minimum $100 |
| Issue Ages | Ages 50–75 |
| Tax Type | Traditional IRA |
| Free Withdrawals | Up to 10% of annuity contract value per year (after Year 1), or the Maximum Annual Withdrawal under Lifetime Income Choice — whichever is greater |
| Income Rider | Lifetime Income Choice — automatically included; 1.10% annual fee from Income Base; 9% simple roll-up; activation at age 65 |
| Market Value Adj. | Applies to surrenders and excess withdrawals during the first 10 years (based on Barclays US Credit Index yield changes) |
This illustration uses a single 100% allocation to the S&P 500 Point-to-Point Cap strategy. Each year the index gains, you earn up to the cap. If it falls, you earn 0% — your balance is protected.
Tracks the S&P 500 index over a one-year term. If the index gains, you earn up to 4.9%. If it falls, you earn 0% — your principal stays protected. Interest is locked in permanently at each anniversary.
The lower cap on the Power 10 reflects the trade-off for the more powerful income rider. The Lifetime Income Choice provides a 9% simple roll-up — one of the highest in the market — which compensates for the more modest index cap.
Hypothetical comparison of the annuity's accumulation value vs. the S&P 500 index (2016–2025), using current cap rates and including income withdrawals starting at age 65:
Best, worst, and most recent 10-year periods at the current 4.9% cap (accumulation only, no rider charges reflected):
The Lifetime Income Choice rider is automatically included at contract issue. It creates a separate Income Base that grows independently of your account value — and guarantees lifetime income even if your account value is depleted.
Your Account Value is the actual money in your annuity — what you could surrender or withdraw. It grows with indexed credits and shrinks with withdrawals and rider fees.
Your Income Base (also called Benefit Base) is a separate, higher number used only to calculate your income. It grows at a guaranteed 9% simple roll-up each year during deferral — regardless of market performance. It cannot be surrendered or inherited.
| Roll-Up Rate | 9% simple interest per year during deferral (from issue to activation, or age 95) |
| Rider Fee | 1.10% per year of the Income Base — deducted from your account value annually |
| Income Base at Issue | $100,000 (equal to initial premium — no bonus on this product) |
| Income Base at Age 65 | $145,000 (after 5 years of 9% simple roll-up: $100,000 + $45,000) |
| Activation Age (Illustration) | Age 65 — 5 years of deferral from issue age 60 |
| Payout Rate at Age 65 | 7.50% of the Income Base |
| Annual Income at Age 65 | $10,875/year ($145,000 × 7.50%) — guaranteed for life |
| Enhanced Income Option | Up to 200% of MAWA for single life (150% for joint) if qualifying health impairment — at no extra cost |
| Income Option | Level Income — consistent payments that do not decrease as long as no excess withdrawals are taken |
The longer you defer income, the higher your Income Base and payout percentage. Here's how it scales:
The 1.10% annual fee is charged on the Income Base (not the account value). In Year 1 this equals $1,099/year on a $100,000 premium, rising to $1,595/year once the Income Base reaches $145,000. Over the deferral period this fee reduces your accumulation value by roughly $6,000–$8,000 — but in return you receive $10,875/year for life starting at age 65, guaranteed regardless of market performance.
The hypothetical illustration shows cumulative lifetime withdrawals of $337,125 by age 96 (36 years of payments), representing a 3.9% annual effective return on the original $100,000 premium including the rider cost.
After the first contract year, you may withdraw up to 10% of the annuity contract value (based on prior anniversary value) each year without incurring surrender charges. Once income withdrawals begin under the rider, the free withdrawal amount becomes the greater of 10% or your Maximum Annual Withdrawal amount.
| Contract Year | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11+ |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charge | 9% | 9% | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 1% | 0% |
State variations apply. AK, CT, DE, FL, MA, NV, ND, OH, OR, SC, SD, TX, UT, WA start at 10%. CA has a 9-year schedule starting at 9%. NJ starts at 10% with 90% GMCSV floor.
Withdrawals beyond the free amount during the first 10 years are subject to an MVA based on changes in the Barclays US Credit Index yield since contract issue. If rates have risen, the MVA reduces your surrender value; if rates have fallen, it may increase it. The MVA ends completely after Year 10.
If confined to a nursing home or long-term care facility for at least 90 consecutive days (after Year 1), you may withdraw up to 100% of account value with no surrender charge or MVA.
If diagnosed with a terminal illness (prognosis of 12 months or less), after Year 1, you may withdraw up to 100% of account value with no surrender charge or MVA.
If you become unable to perform at least 2 of 6 activities of daily living, your income payments can be doubled (200% of MAWA) for single life — or 150% for joint life — at no extra charge. This is not long-term care insurance.
Waivers not available in GU, NY, PR, VI. State variations may apply.
This review is for informational purposes only and is not a quote, contract, or guarantee of future performance. Hypothetical values are based on actual historical index performance using current cap rates and do not predict future results. All rates, caps, and rider terms are subject to change. The Lifetime Income Choice rider fee of 1.10% is deducted annually from the account value based on the Income Base. The Income Base is not available for surrender, death benefit, or annuitization. Annuity guarantees are subject to the claims-paying ability of Corebridge Financial (American General Life Insurance Company). Early withdrawals may be subject to surrender charges, MVA, and income taxes. Withdrawals before age 59½ may incur a 10% federal tax penalty. Not a bank deposit. Not FDIC insured. Not guaranteed by any bank. May lose value if surrendered early. FOR AGENT/PRODUCER USE — not for use with the general public as sales literature without accompanying carrier disclosure documents.
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