Positioning
Indexed variable annuity (registered with SEC). Offers buffer or floor protection at different levels in exchange for caps on upside.
Contract terms at a glance
Crediting methods available
- Point-to-point with buffer
- Point-to-point with floor
See How variable annuities work for how each method works.
Riders
- Death benefit features per share class
Best fit
- Consumers willing to accept some downside in exchange for higher caps than a fixed indexed annuity
- Buyers wanting a shorter surrender period than typical FIAs
What to watch for
- This is a registered security; the prospectus is required pre-sale reading
- Downside is real beyond the buffer; principal can decline if index losses exceed the buffer
- M&E and product fees apply on indexed variable annuities even with no GLWB
Cap rates, participation rates, rider charges, and surrender schedules change frequently. Before purchase, request and verify the following from the carrier or producer:
- Caps for each combination of index, term, and buffer/floor level
- M&E charge and product expenses
- Surrender schedule by share class
- Death benefit features by share class
How to verify and source current information
- Current rate card and product brochure: Corebridge Financial direct or through a licensed independent producer.
- Statement of understanding (annuity contract disclosure document).
- For variable and indexed variable annuities: the SEC-registered prospectus (search EDGAR).
- Carrier financial strength ratings: A.M. Best, S&P Global Ratings, Moody's, Fitch.
- NAIC carrier search and statutory filings: content.naic.org.
- IRS Publication 575 (Pension and Annuity Income) for taxation: IRS Pub 575.
AnnuityMatchPro does not endorse, recommend, or sell the Corebridge Power Select. This review is informational. Product features, surrender schedules, caps, participation rates, and rider charges vary by issue date, state, and underwriting. Confirm specific terms with the carrier or a licensed advisor before purchase. AnnuityMatchPro is not a registered investment adviser and is not a licensed insurance agency.