Assured Edge Income Builder Annuity Review

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.

Assured Edge Income Builder includes a rider fee of 0,95% of your account balance, charged annually.

With the Assured Edge Income Builder annuity, you can grow your investment based on a fixed interest rate on your contributions. This rate is locked in for a specific period at the time you purchase the annuity contract. For this particular annuity product, the interest rate is 2.25%. 

The Assured Edge Income Builder annuity uses a crediting method that utilizes a mechanism for growing your guaranteed lifetime income benefit (GLIA). Here's a breakdown:

• Initial GLIA: This is calculated at the end of the initial premium payment period (60 days after the contract is issued). It simply multiplies your total contributions by an income percentage based on your age at that time.
• Income Growth Credit: This is a yearly increase applied to your GLIA if you haven't begun receiving lifetime income withdrawals.

Since this is a fixed annuity, there's no involvement of the stock market in this crediting method. The income growth rate is guaranteed by the insurance company.
Once you start receiving lifetime income, the guaranteed income amount (GLIA) is locked in and won't grow further with annual increases.

This benefit provides you with a stream of income for life once you start receiving withdrawals. The GLIA is calculated based on your initial contributions and an income percentage tied to your age at that time.

Early withdrawals may be subject to a Market Value Adjustment (MVA). This applies to withdrawals exceeding the penalty-free amount during the first five years of your contract. 

For this annuity product, MVA will not be applied to:

• Withdrawals up to the guaranteed lifetime income amount (GLIA) after income payments begin.
• Penalty-free withdrawals, including those allowed at age 59 ½.
• Death benefit payout.
• Converting your annuity into income payments (annuitization).
• Required Minimum Distributions (RMDs) mandated by the IRS.
• The minimum withdrawal amount allowed by the contract.

The death benefit on the Assured Edge Income Builder acts as a safety net for your beneficiaries. If you pass away before starting to receive income withdrawals, the death benefit ensures your beneficiaries receive a lump sum. This can help cover expenses or provide financial support during a difficult time.

The Assured Edge Income Builder annuity by Corebridge Financial is a fixed annuity designed for those nearing retirement who prioritize lifetime income and predictable growth with some protection from market risk.

Those who understand and are comfortable with the limitations of fixed annuities, such as lower growth potential and surrender charges, can greatly benefit from this annuity product. 

Through the Guaranteed Lifetime Withdrawal Benefit, you receive a steady stream of income for life after you start withdrawals. This can provide financial security and peace of mind in retirement.