Corebridge Financial launches new MYGA for RIAs

HOUSTON – January 24, 2024 – Corebridge Financial today announced the expansion of its annuity lineup for registered investment advisors with the launch of American Pathway Advisory—a multi-year guaranteed annuity that offers growth and principal protection, along with flexibility and convenience.

American Pathway Advisory is a fixed annuity that brings enhanced flexibility to the MYGA space through innovative renewal options. Like many MYGAs, American Pathway Advisory allows consumers to lock in growth for three, five or seven years, but where the Corebridge MYGA stands out is the ability of consumers to maintain or modify their term at renewal without having to fill out a new application or purchase a new contract. Additionally, American Pathway Advisory has no withdrawal charges, giving consumers access to their money and making it easier for RIAs to manage assets, should needs or circumstances change.

"American Pathway Advisory MYGA makes it simple and efficient for RIAs to maintain a consistent allocation to guaranteed rates within their client portfolios,” said Bryan Pinsky, President of Individual Retirement at Corebridge Financial. “While most MYGAs default to a one-year rate at the end of their term, American Pathway Advisory allows consumers to easily renew for another three, five or seven years and possibly benefit from higher rates."

American Pathway Advisory represents the next step forward as Corebridge continues to provide fee-based advisors with flexible advisory solutions that help clients grow assets on a tax-deferred basis, manage risk and generate predictable income. Registered investment advisors can visit the Corebridge RIA-dedicated website to find business development and client education programs, access interactive tools that help clients better plan and prepare for retirement and discover more about the full suite of Corebridge advisory solutions.

Corebridge has expanded its set of technology solutions and support to create a seamless digital experience for RIAs, both for those who are insurance-licensed and for those who work with licensed outsourced insurance desks (OIDs). Corebridge has also established strategic alliances with industry-leading platforms that provide integrated data so RIAs can better manage client portfolios.\

"Corebridge Financial is helping more and more registered investment advisors take action to improve retirement outcomes for their clients,” said Eric Taylor, RICP^®, Senior Vice President, National Sales Manager, Corebridge Financial. “With guaranteed rates, enhanced flexibility and integrated technology and support, our new American Pathway Advisory MYGA provides RIAs with a versatile advisory solution to help meet the diverse retirement needs of their clients.”

American Pathway Advisory also offers tax-deferred growth, meaning that no income taxes are paid until earnings are withdrawn. This benefit allows the annuity’s assets to compound over time and potentially grow faster than certificates of deposit (CDs) and other taxable fixed income investments.

Since American Pathway Advisory is not invested in equities or fixed income, consumers have the security of knowing that their principal and earnings will not be vulnerable to market risk and will never decline in a down market.¹ Additionally, American Pathway Advisory can provide consumers with protected income for life, no matter how long they live or how the markets perform.

American Pathway Advisory is issued by American General Life Insurance Company (AGL), a subsidiary of Corebridge Financial, Inc., and is available to fee-based advisors at RIAs, as well as at broker-dealers, banks and other financial institutions. Guarantees are backed by the claims-paying ability of AGL.