You are: individual
Corebridge MarketLock Annuity is issued by American General Life Insurance Company (AGL), Houston, TX.
Customize your allocation
Choose from diverse strategy account options with varying levels of upside potential and downside protection to help build a personalized portfolio that fits your needs and preferences.
Lock in growth
Take advantage of multiple ways to help capture growth, including a one-of-a-kind Lock Strategy that locks and credits actual index performance before the end of the term if the growth target is met.
Ease downside risk
Reduce the impact of market losses through a “buffer” that protects against loss up to a certain percentage. You’ll incur a loss if the index decline exceeds this buffer rate.
MarketLock offers a wide range of investment options (also known as “strategy account options”) to help capture growth in up markets, while providing targeted protection against downside risk. It features the power of tax deferral to help you accumulate assets over time, along with death benefit options to help provide for your family in difficult times.
MarketLock offers the only Lock Strategy in a RILA that automatically tracks, locks and credits actual index performance prior to the end of the term. Select from the Lock 30, Lock 40, Lock 50, Lock 75, and Lock 100 Strategies, each with a different growth target ranging from 30% to 100%. The Lock Strategies are designed to help capture growth by tracking actual S&P 500® index performance on a daily basis and automatically locking in gains when the growth target or “Lock Threshold” is reached.
With MarketLock, you can allocate assets across 20 strategy account options and a fixed interest account. Choose from Lock, Cap, Trigger, Dual Direction with Cap, Participation, and Cap Secure Strategies. For each strategy account option, MarketLock offers a buffer that can help protect against loss up to a specified percentage. If negative index performance falls within the buffer, no loss is incurred. You will experience a loss equal to the percentage that exceeds the buffer rate. Keep in mind, strategy account options vary by firm and may not be available in all firms or states.
Yes, MarketLock offers the S&P 500® and Nasdaq-100® options for election. The S&P 500® is an index composed of 500 leading U.S. stocks. It is widely regarded as the best gauge of U.S. stock market performance. The Nasdaq-100® is made up of 100 of the largest non-financial companies listed on the Nasdaq stock exchange and is weighted heavily in technology stocks.
Indices are unmanaged, have no identifiable objectives and cannot be purchased.
MarketLock offers a choice of 1-year, 3-year and 6-year strategy account options.
Your financial professional can help you determine which strategy account options are best for you, based on your investment needs, goals, risk tolerance and time horizon. MarketLock offers a broad selection of strategy account options with diverse levels of upside potential and downside protection, so you can build a customized allocation strategy that fits your specific profile.
Yes, lifetime income is available through annuitization, a process that permanently converts your annuity contract to retirement income. Once you annuitize a contract, you will no longer have access to the principal or contract value. MarketLock focuses on accumulation and does not offer a guaranteed living benefit (GLB) rider.
MarketLock delivers a valuable combination of benefits, including growth potential, buffer protection, investment choice, tax deferral, and death benefits, but it also has some risks and charges. Investments are subject to risk, including the possible loss of principal. Losses may be significant in down markets. In addition, MarketLock has a 6-year withdrawal charge schedule, meaning that if you take withdrawals above permitted amounts in the first 6 years of the contract, you could pay a withdrawal charge of up to 8%. Withdrawals may also be subject to federal and/or state income taxes, and an additional 10% federal tax may apply for early withdrawals taken prior to age 59½.
1 As of June 30, 2024
2 LIMRA rankings in the U.S. for 2Q24 YTD.