Corebridge Financial Bolsters Index Annuities with Growth and Diversification Features — Corebridge Financial, Inc.

Event summary

Corebridge Financial added Protected Growth Benefit and preset allocation options to The Power Series of Index Annuities on July 27, 2026.
Protected Growth Benefit guarantees a minimum accumulation benefit at the end of the withdrawal charge period, with a current rate of 26.25% for a 7-year period.
Preset allocation options offer simplified diversification through ready-made strategy blends like U.S. Stability, Global Stability, Balanced, U.S. Growth, and Global Growth.
The enhancements aim to address pre-retirees' goals of protecting and growing retirement savings.

The big picture

Corebridge Financial's enhancements to its index annuities reflect a strategic move to cater to pre-retirees' dual priorities of protecting and growing their retirement savings. With over $380 billion in assets under management as of March 2026, the company is leveraging product innovation to strengthen its position in the competitive retirement solutions market. The additions align with broader industry trends toward offering more flexible and secure financial products for an aging population.

What we're watching

Product Differentiation: How Corebridge Financial's new features will position it against competitors in the index annuity market.
Customer Adoption: The pace at which pre-retirees adopt these enhanced products given their focus on accumulation and diversification.
Regulatory Compliance: Whether the new features comply with evolving regulations in key markets like California and New York, where certain options are unavailable.