Assured Edge Income Achiever

The hypothetical historical performance provided herein showcases the annualized return of allocation strategies, representing the investment's annual growth rate considering compounding effects. Similar analyses can be found for each account in official fixed index annuity illustrations provided by insurance carriers.

What's not reflected:
The annualized return does not encompass rider charges, strategy fees, or applicable premium bonuses.

Notes on rates:
The information presented assumes the annuities' current caps, spreads, participation rates, and other related rates, without guarantee.

No guarantees:
These actual elements are subject to change over time, resulting in potentially higher or lower outcomes. Additionally, no single index consistently outperforms in every scenario. It is advisable to consult with a properly licensed and educated annuity professional before making any decisions.

As long as you withdraw the permitted penalty-free amount each year, you won’t incur any extra fees or changes. There is an inbuilt rider opportunity, Assured Edge Income Achiever GLWB, which charges 0.95% annually. 

With the Assured Edge Income Achiever annuity, you can receive income on a monthly, quarterly, semi-annual, or annual basis. You are free to choose whichever option suits you the best. 

After your first lifetime income withdrawal, your guaranteed lifetime income amount is locked, meaning it will no longer grow with annual income credits. 
You or your spouse can rely on the guaranteed income the annuity provides as long as you stay within the withdrawal limits. 

The Assured Edge Income Achiever annuity features built-in protection in case of unexpected life situations. The annuity holder can take advantage of free withdrawals under the following benefits:

• Extended care – available after receiving extended care for at least 90 consecutive days after the first year of the contract.
• Terminal illness - available if the annuity holder is diagnosed with a terminal illness after the contract date.
• Activities of daily living - available if the policyholder is unable to perform at least two of six activities of daily living for at least 90 consecutive days after the first year of the contract.

As with any annuity, Assured Edge Income Achiever offered by Corebridge Financial also comes with surrender charges. These charges are applied as a percentage of the Account Value that is withdrawn in excess of the penalty-free withdrawal amount. 

Here is a 10-year interest rate for the annuity: 
 

*The interest rate may vary depending on the state. 

The Assured Edge Income Achiever annuity comes with main features that can be the pivotal factors influencing your decision of whether to commit or not to the annuity. Here are some of them: 

• When interest rates at the time of withdrawal are higher than when the contract was issued, the MVA will decrease the withdrawal amount.
• When interest rates are lower, the MVA will increase the withdrawal amount.
  If an MVA decreases the amount, the withdrawal will not be reduced to less than the minimum value specified in your contract or MVA endorsement.
• MVA is not applied to a death benefit, permitted RMDs, 10% penalty-free withdrawals, and annuitization.

• After the third year of the contract, the policyholder can annuitize the contract. It means your contract will be converted into a series of payments. 
• Withdrawal charges and MVA will not be applied. 
• In case of annuitization, the GLWB will be canceled, along with the lifetime income withdrawals. 

Assured Edge Income Achiever is a 10-year term annuity that provides a reliable income stream for life, hence making it a suitable investment for many retirees. With flexible withdrawals and locked-in income amounts, your income will be fixed, ensuring stability. 

The annuity also offers free withdrawals of up to 10% without incurring any penalty. In addition, free withdrawals become available under certain conditions we’ve discussed above. 

This fixed annuity combines security with growth potential, offering the peace of mind and financial stability that many retirees seek.

If you are unsure whether Assured Edge Income Achiever is what you need, take our Annuity Quiz to explore more annuity products.