5 min read | Published: July 16, 2026
Only 3 in 10 Americans surveyed are extremely or very confident they won’t outlive their money. No wonder securing lifetime income in addition to Social Security is a priority in the next year for 83% of Americans surveyed. Fifty-one percent say it’s a high priority.1
The need for predictable income solutions is expected to continue, fueled by economic pressure and people living longer. Fixed annuities and fixed index annuities (FIAs) can be useful as part of a structured income design and deliver predictability when it’s needed most.
New research from LIMRA and Corebridge shows that retirees spend far more from lifetime income sources, like annuities, than from savings—nearly 40% feel anxious about drawing down assets.1 That's why predictable income solutions are becoming a central part of retirement planning.
Life doesn’t follow a calendar—and your retirement plan shouldn’t have to either.
The Assured Edge Fixed Annuities® and select Power Series of Index Annuities® deliver strong income growth through daily income growth accrual as an enhancement to our income riders for no additional fee. This means income growth accrues every day you wait to begin taking income up to the 10th contract anniversary or when lifetime income is activated, if sooner. With daily growth accrual, you enjoy greater flexibility, control and confidence when it’s time to retire. You no longer must plan income around a contract anniversary or worry about losing growth if your timing changes. Instead, your income plan can adapt to real life.
Daily income growth accrual allows you to start income when it makes sense for you, while keeping all the growth you’ve earned. You don’t have to wait for a specific date to lock in growth, and you don’t have to rush into income just to avoid missing out on earned income.
Assured Edge Fixed Annuities
With Assured Edge, your guaranteed lifetime income amount (GLIA) determines your future annual income payments. If you wait to turn on lifetime income, the GLIA can grow to support more income later. It increases by 8.50%2 each year, and that income growth accrues daily. Read the case study to see how it works in practice.
The Power Series of Index Annuities
For a Power Series Index Annuity, daily income growth means your Income Base—the value used to calculate lifetime withdrawals—accrues income every day, not just once a year on a contract anniversary. See how you can benefit.
Flexibility when life changes
Retirement plans often change. You might retire earlier than expected; delay retirement due to consulting work; or adjust timing because of a life event. With daily income growth accrual, your income plan adjusts with your needs and timetable.
No lost growth due to timing
Traditional annual roll-ups may not reflect the income growth earned between contract anniversaries. Daily income growth accrual eliminates that issue by crediting income proportionately for the time already earned, even if income begins mid-year.
Income that reflects real life
Your retirement income should revolve around your life events, not a random contract date. Daily income growth accrual ensures your income keeps pace with your decisions, not the calendar.
Daily income growth accrual builds on the core benefits that make fixed annuities and FIAs attractive retirement income solutions. Both offer principal protection from market downturns while supporting predictable retirement income, and income growth before retirement to help maximize future withdrawals.
An Assured Edge Fixed Annuity gives you:
- New increased withdrawal rates for more potential lifetime income
- A competitive income-growth rate—income grows by 8.50%2 each year for 10 years or until you activate income, if sooner
With a Power Series Index Annuity, you benefit from:
- Growth potential tied to index performance without direct market exposure
- Lifetime income you cannot outlive through annuitization or optional guaranteed living benefit (GLB) riders3
With daily income growth accrual, you and your financial professional can design retirement income plans with:
- Greater flexibility around income start dates
- Confidence that income growth continues between contract anniversaries
- A clear connection between when income starts and the income you receive
You keep what you’ve earned, regardless of when you begin income, making the plan easier to understand and easier to manage.
Daily income growth accrual empowers you to make retirement decisions on your schedule—without sacrificing income potential. Now you can plan income around your life events, not a contract anniversary.
- What level of guaranteed income can an annuity provide at different start ages?
- How does the income compare to my essential expenses in retirement?
- How does inflation factor into the income stream?
- What happens if I live significantly longer than expected?
- Is the lifetime income guaranteed through a rider or through annuitization?
- How is income calculated and how does it grow before I start income?
- Does the income continue for my spouse, and under what terms?
- How does this annuity complement my Social Security, pension and investment accounts?
1 Source: 2025 Corebridge Financial Living and Funding Longer Lives Study.
2 Income percentages and the income growth rate are periodically set by the company and may be different as of the date a contract is issued. Rates will be displayed within the contract and are guaranteed not to change. The guaranteed lifetime withdrawal benefit (GLWB) for Assured Edge Fixed Annuities is included at contract issue. Rider fee is 0.95% for both Single and Joint, based on contract value on each anniversary.
3 Guaranteed Living Benefit (GLB) riders are available in select Power Series Index Annuities at contract issue for an annual fee of 1.0%-1.1% of the Income Base. Annual income credits are amounts that may be added to the Income Base every year. The Income Base is the amount on which lifetime withdrawals are based; it is not part of the contract value and cannot be withdrawn partially or in a lump sum. Withdrawals must be made within the parameters of the contract. Withdrawals prior to activation (the decision to begin lifetime withdrawals under the GLB rider) and excess withdrawals after activation can impact guaranteed income for life. GLB riders offer an annual income credit every year until lifetime withdrawals begin. The Income Base is adjusted for withdrawals (prior to activating the lifetime income benefit) and excess withdrawals (after activating the lifetime income benefit) and is increased each time an eligible premium is made. Eligible premiums are all premiums made in the first 30 days of the contract. On each contract anniversary, the Income Base may increase with any available income credits. GLB riders are a feature of the Power Series of Index Annuities and cannot be purchased without the fixed index annuity.
There is no assurance that income from an annuity will keep pace with inflation.
Annuities are long-term insurance products designed for retirement. Withdrawals may be subject to federal and/or state income taxes. A 10% federal early withdrawal tax penalty may apply if taken before age 59½ in addition to ordinary income tax. Partial withdrawals may reduce benefits and contract value. Retirement accounts such as IRAs can be tax deferred regardless of whether they are funded with annuities. The purchase of an annuity within an IRA does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefits.
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 makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.
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. A 10% federal early withdrawal tax penalty may apply if taken before age 59½, in addition to ordinary income tax. Partial withdrawals may reduce benefits and contract value.
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. For legal, accounting or tax advice consult the appropriate professional.
Fixed and fixed index annuities are issued by American General Life Insurance Company (AGL), Houston, TX. Assured Edge Fixed Annuities, Contract numbers: ICC17:AG-SPDA (6/17). Power Series Modified Single Premium Deferred Fixed Index Annuity, Contract numbers: AG-800 (12/12), AG-801 (12/12) and AG-800-ID (12/12). 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.
Products and services may not be available in all states and product features may vary by state. Please refer to your contract.
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