Corebridge - Increased Cap and Max Illustrated Rates!

01-23-2023

Start the New Year with good news-increased cap and max illustrated rates!

As of January 21, 2023  Corebridge (formerly AIG) will increase the cap and max illustrated rates across all of their new business Index Universal Life products. These adjustments will help them to deliver even more compelling value for their customers and distribution partners. Please refer to the interest rates flyers (links to these files are in the product bulletin below) for a complete view of the changes and updated rates for both new business and inforce products, and below are some of the highlights.

New Business:

• S&P 500 cap rates for Max Accumulator+ III and Value+ Protector III will increase by 1.00%
  • Max Accumulator+ III and Value+ Protector III cap rates are now even stronger at 11.50% and 10%, respectively.
• Max Illustrated Rate (MIR) will also improve:
  • 6.93% for Max Accumulator+ III
  • 6.24% for Value+ Protector III
• Despite market volatility, participation rates will remain unchanged
• These changes will improve Corebridge's competitiveness in the market and enhance illustrated performance

Inforce Products:

• A mix of rate increases and decreases across inforce products

 

Please give our sales team a call at 1.800.792.6795 if you have questions or would like to see illustrations of these competitive products!