Corebridge Financial announced the launch of Power Select AICO SM, a new index annuity developed in partnership with Market Synergy Group (MSG), one of the nation’s largest networks of independent marketing organizations. This exclusive product expands the existing strong partnership between Corebridge and MSG, offering enhanced growth potential for retirement savers.
The Power Select AICO index annuity features a unique Additional Interest Credit Overlay (AICO) with a 200% multiplier, designed to potentially double total interest earned from index interest accounts over five years, subject to a maximum amount. This innovative feature differentiates it from other index annuities in the market, providing both principal protection and amplified growth opportunities.
Issued by American General Life Insurance Company (AGL), a Corebridge Financial subsidiary, Power Select AICO offers growth potential linked to the S&P 500®, Nasdaq-100®, or select multi-asset, risk-managed indices. This product launch strengthens Corebridge's Individual Retirement product suite and leverages strategic distribution channels to meet diverse customer needs in varying market environments.
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