Corebridge Financial Enhances The Power Series of Index Annuities with New Accumulation and Diversification Capabilities

About this update from Corebridge Financial Inc.

Protected Growth Benefit builds on principal protection to deliver a guaranteed increase in contract value; preset allocation options simplify diversification through ready-made strategy blends HOUSTON, July 27, 2026--(BUSINESS WIRE)--Corebridge Financial today announced the addition of Protected Growth Benefit and preset allocation options to select versions of The Power Series of Index Annuities®, enhancing the accumulation and diversification capabilities of the company's index annuity lineup. Corebridge research found that protecting and growing retirement savings are both key goals for pre-retirees ages 45+, with 73% saying it is very important to make sure their retirement nest egg does not decline in retirement and 72% saying it is very important to continue growing it.1 The findings highlight the value of solutions that balance multiple financial objectives, and diversification can help support that approach. "Product innovation is at its best when it improves how customers achieve their financial goals, and our latest index annuity enhancements are designed to do exactly that by helping retirement savers grow and protect their assets with greater confidence," said Bryan Pinsky, President of Individual Retirement and Life Insurance at Corebridge Financial. "The Protected Growth Benefit adds another layer of accumulation support through a guaranteed increase in contract value, and preset allocation options make diversification easier through ready-made strategy blends." Protected Growth Benefit Index annuities offer opportunities for growth tied to market index performance while guaranteeing that principal will never decline due to market volatility.2 The Protected Growth Benefit builds on that foundation by adding a guaranteed level of contract value growth that can help customers pursue their long-term financial goals even in weak or flat market conditions. Specifically, Protected Growth provides a guaranteed minimum accumulation benefit at the end of the withdrawal charge period. The current Protected Growth Benefit rate for contracts with a 7-year withdrawal charge period is 26.25%. For example, if a contract with a $100,000 premium and a 7-year withdrawal charge period earns less than $26,250 in credited interest over seven years, the contract value would be adjusted to $126,250.3 The Protected Growth Benefit is available in select products wi...

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