Corebridge advances digital capabilities for annuity transfers

Corebridge Financial is investing in technology to create faster, easier experiences for customers and financial professionals, supporting its goal of being the easiest company to do business with.

Paperless annuity transfers show that investment in action. Corebridge is helping advance the Insured Retirement Institute’s Digital First for Annuities initiative, part of an industrywide effort to modernize how annuities are sold, processed and serviced.

Corebridge is working with 13 other annuity providers to complete annuity transfers through this digital process. A significant number of Corebridge annuity transfers are now completed without faxes, checks or paper and processed in 48 hours or less when in good order.

“The Insured Retirement Institute’s Digital First for Annuities brings insurance companies, financial firms and technology partners together to innovate for financial professionals and their clients,” said John Byrne, President of Financial Distributors. “Corebridge is proud to be part of this initiative and help create an increasingly digital annuity experience, giving financial professionals less paperwork and more time to work with clients.”