MADISON, Wisconsin, April 19 -- The Wisconsin Senate Democrats issued the following news release:

Despite Republican efforts to undermine the Affordable Care Act, repeal patient protections and drive up costs, the landmark health care bill continues to provide much-needed relief to Wisconsin families. State officials announced this week that premiums for health care plans purchased through the Affordable Care Act's federal marketplace are expected to drop roughly 5 percent in the upcoming year.

"The fact that the Affordable Care Act continues to provide affordable access to quality health insurance is great news for Wisconsin families," said Senate Democratic Leader Jennifer Shilling (D-La Crosse). "The cost of health care continues to be one of the top concerns for families and small businesses and I'm glad that the Affordable Care Act is helping to hold costs down while expanding access to coverage."

Shilling noted that Wisconsin is still eligible for federal funding to expand BadgerCare coverage, lower costs and save state taxpayers millions of dollars. Gov. Walker's ongoing refusal to accept the federal Medicaid expansion has cost Wisconsin taxpayers over $1 billion while preventing thousands of families from accessing affordable care. The plan has been derided nationally as cruel, immoral, nonsensical and fiscally irresponsible.

"While the Affordable Care Act is helping to hold down costs for consumers, Wisconsin needs to do its part to expand access and save taxpayer dollars," added Shilling. "We should accept the federal Medicaid funding, expand access to BadgerCare and save Wisconsin taxpayers millions of dollars. It's time for Gov. Walker to stop shifting more costs onto Wisconsin taxpayers and start putting the wellbeing of Wisconsin residents - and our state's fiscal security - ahead of his personal political ambitions."

A Democratic effort to accept the full federal Medicaid expansion in the 2017-19 budget was rejected by majority party Republicans. The move would have saved Wisconsin taxpayers $286.3 million over the next two years. To date, Gov. Walker's rejection of federal funds has cost Wisconsin taxpayers $1.07 billion more than if the state had fully expanded BadgerCare, according to the Legislature's non-partisan budget office.

New strategy preserves growth potential during periods of negative performance, allowing multiple years to contribute to an interest credit when markets recover

• Progressive Trigger’s built-in Memory feature carries forward eligible interest percentages following negative index performance
• The strategy maintains the same starting index value for up to five years, providing annual opportunities to meet or exceed that value
• If the trigger condition is met, the current year’s percentage is added to the eligible percentages retained in Memory to determine the interest credit

HOUSTON--(BUSINESS WIRE)--
Corebridge Financial today announced the launch of Progressive Trigger, a first-of-its-kind index annuity interest-crediting strategy designed to help customers preserve future growth potential despite a down year. Many retirement savers understand that markets do not move in a straight line and that recoveries often take time.

Progressive Trigger’s built-in Memory feature is designed for this possibility, allowing eligible interest percentages to accumulate following periods of negative index performance. If the trigger condition is met later in the strategy’s five-year term, the percentages retained in Memory are combined with the current year’s percentage to determine the interest credit.

“Protection from market downturns has always been one of the defining benefits of index annuities,” said Bryan Pinsky, President of Individual Retirement and Life Insurance at Corebridge Financial. “Progressive Trigger builds on that strength by turning negative years into future potential and helping customers benefit when market recoveries take time. This is a new way to think about growth within an index annuity.”

Progressive Trigger is available exclusively through the Power Select Builder^® index annuity, which is distributed by Market Synergy Group (MSG), one of the nation's largest networks of independent marketing organizations. The new strategy complements the traditional performance-triggered option and other interest-crediting strategies also available in Power Select Builder.

With the traditional trigger option, a declared rate is credited when index performance is flat or positive over a single year. Whether or not the trigger condition is met, the starting index value resets at each contract anniversary.

Progressive Trigger instead establishes a starting index value that remains in place for up to five years. The index is evaluated once a year, providing annual opportunities to meet or exceed that value. If the index is below its starting value, no index interest is credited for that year, but an eligible percentage is retained in Memory. If the index meets or exceeds the starting value at a contract anniversary, the current year’s percentage is added to the eligible percentages retained in Memory to determine the interest credit. The customer can then allow a new five-year term to begin or choose to reallocate their funds.¹

“We are proud to work with Corebridge to bring continued innovation to financial professionals and their clients,” said Lance Sparks, President, Market Synergy Group. “Progressive Trigger draws inspiration from autocallable structured notes by applying a multi-year perspective to market performance rather than viewing each year in isolation. That concept has now been adapted for an index annuity, offering a new growth strategy alongside principal protection and guaranteed lifetime income.”

An index annuity is a long-term insurance product that offers the potential for interest to be credited based in part on the performance of the specified index, while protecting premium from losses caused by market downturns or fluctuations. Guarantees are backed by the claims-paying ability of the issuing insurance company.

¹ If the trigger condition is never met during the five-year term, the principal remains protected from market losses, but no interest is credited and the percentages retained in Memory expire.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice, consult the appropriate professional.

Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be appropriate for all individuals.

Withdrawals may be subject to federal and/or state income taxes. An additional 10% federal tax may apply if individuals make withdrawals or surrender their annuity before age 59½. Individuals should consult their tax advisor regarding their specific situation.

All contract and benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not obligations of or backed by the distributor, insurance agency or any affiliates of those entities and none make any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

The Power Series of Index Annuities are issued by American General Life Insurance Company (AGL), Houston, Texas. Contract Numbers: AG-800 (12/12), AG-801 (12/12), AG-801 (2/25) and ICC25-AG-801 (2/25). AGL is a member company of Corebridge Financial, Inc. The underwriting risks, financial and contractual obligations, and support functions associated with the annuities issued by AGL are its responsibility. Guarantees are backed by the claims-paying ability of the issuing insurance company. AGL does not solicit, issue or deliver policies or contracts in the state of New York. Annuities and riders may vary by state and are not available in all states. This material is not intended for use in the state of Idaho or New York.

About Corebridge Financial

Corebridge Financial, Inc. (NYSE: CRBG) makes it possible for more people to take action in their financial lives. With more than $390 billion in assets under management and administration as of June 30, 2026, Corebridge Financial is one of the largest providers of retirement solutions and insurance products in the United States. We proudly partner with financial professionals and institutions to help individuals plan, save for and achieve secure financial futures. For more information, visit corebridgefinancial.com and follow us on LinkedIn.

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Işıl Müderrisoğlu (Investors): investorrelations@corebridgefinancial.com


Matt Burkhard (Media): media.contact@corebridgefinancial.com

Source: Corebridge Financial