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Corebridge MarketLock Annuity is issued by American General Life Insurance Company (AGL), Houston, TX.
Types of crediting methods
This unique strategy tracks actual S&P 500 index performance daily and automatically locks in gains when the growth target is reached. After lock-in, assets are protected against loss, but no additional gains will be earned based on index performance.
Offers a maximum percentage (cap) on the index credit you can earn. This crediting method may perform best in positive markets, but upside may be limited in extended bull markets.
Guarantees growth in flat or weak markets with a fixed return that is triggered when index performance is 0% or higher. Growth may be limited in strong up markets.
Generates growth in negative markets, if index returns do not fall below a certain level. Earnings are subject to a maximum percentage (cap) in positive markets.
Offers growth potential at the end of the strategy term when the index return is positive, flat, or in some instances, negative.
Features an index performance multiplier that can either increase or decrease the earnings credited to the account. The multiplier is set by the insurance company and is subject to change on contract anniversaries.
Works like the basic Participation and Cap crediting method but with a higher participation rate and potentially a lower Cap Rate. As a result, the Index Credit Rate on Enhanced Participation and Cap Strategy may be lower than Index Credit on the Participation and Cap Strategy. Performs best when the index is positive but below the cap.
Offers a maximum percentage (cap) on your annual earnings. This cap remains constant over the 6-year term, which may enhance or limit growth depending on market conditions.
Important Information
Corebridge MarketLock Annuity is sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract, which should be considered carefully before investing. A prospectus and summary prospectus if available may be obtained by calling 1-800-445-7862. Investors should read the prospectus carefully before investing.
Registered index-linked annuities (RILAs) are long-term insurance products designed for retirement. They are not a direct investment in the stock market or index. RILAs provide the potential for earnings to be credited based in part on the performance of the specified index with the potential for risk of loss of principal due to market downturns or fluctuations. The principal value and returns will fluctuate so that the value when redeemed may be worth more or less than the original cost. RILAs may not be suitable or appropriate for all individuals.
Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender.
Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59 1/2, an additional 10% federal tax may apply. If you fund your IRA with an annuity, you should realize that these types of retirement accounts are already tax-deferred. An annuity provides no additional tax deferred benefit beyond that provided by the retirement account itself. You should only use an annuity in a retirement account if you want to benefit from features other than tax deferral. Please consult with your financial professional and tax advisor regarding your individual situation.
Index options are price return options and do not reflect dividends paid. Strategy account options are subject to change at any time. See the prospectus for more information. Strategy account options are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company. Strategy account options may vary by firm and may not be available in all firms or states. Indices are unmanaged, have no identifiable objectives and cannot be purchased.
All contract and optional 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. Products and features may vary by state and may not be available in all states or firms.
Nasdaq® and Nasdaq-100® are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by American General Life Insurance Company. Corebridge MarketLock Annuity (the “Product”) has not been passed on by the Corporations as to their legality or suitability. The Product is not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the Product.
The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”) and has been licensed for use by American General Life Insurance Company (“AGL”) and affiliates. Standard & Poor’s®, S&P®, and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AGL and affiliates. AGL and affiliates’ products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions or interruptions of the S&P 500® Index.
Policy form number: ICC24-AG-811 (5/24).
A-6563-WP (10/24)