Company Information
Company Name
Corebridge Life
Product Name
Corebridge Life American Pathway VisionMYG 6
Description
This is a single premium, fixed annuity with a 6-year rate lock and a ten year surrender schedule. After 6 years, owners have a 30-day window to withdraw, transfer, or reinvest their entire account balance. If no action is taken, the annuity continues for another 4 years with a new, decreasing surrender charge.
Two interest rate bands are available. The highest rate is on deposits of $100K or over while a lower rate is offered on amounts between $25K and $99.9K. Qualified and non-qualified funds are accepted. Corporate ownership is allowed.
AM Best Rating
A
URL
Product Type
MYGA (Multi-Year Guaranteed Annuity)
Free Withdrawals Yr1 / Yr2+
0% / 15%
Rate
4.50%
Term
6 Years
Minimum Investment
$ 100,000
Maximum Investment
$1,000,000 without prior approval
Maximum Age
85
Surrender Schedule
8%, 8%, 8%, 7%, 6%, 5%, 0%
What We Like About This Annuity
Offered from a strong A rated company. After one year, 15% withdrawals of account balance are allowed. Several qualified and corporate ownership options.
Notable Features
No surrender charges and spousal continuance options at passing. Extended Care, Terminal Illness and Annuitization waivers offered at no extra charge.
Other Popular Products
Corebridge Life (formerly AIG) offers several popular fixed and fixed-indexed annuities. Their income annuities - offered through American General - have some of the highest lifetime income payments on the market.
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About Corebridge Life
Formerly AIG, Corebridge Life is a large, well-diversified insurance company providing life and annuity solutions for individuals, families, and businesses. They are the number 2 ranked insurance company in total annuity sales.
With nearly $13 billion in reserves alone and an A rating from AM Best, consumers can rest assured they’ve placed their funds with a stable and well-capitalized insurance company.