News: AIG/Corebridge Is Increasing Payout Factors and Rollup Rate on Their GLWB!!!!

Publish Date: January 3, 2023

Some exciting news from the #1 fixed annuity company in the country (by sales), AIG/Corebridge.  They are increasing their “rollup” on their GLWB to 10% simple from the current 8.5%.  Furthermore, they are increasing their payout factors per the chart in her email below.  For example, a 6.5% payout factor for a 65 year old!!!  Or 6.10% for a 65 year old JOINT PAYOUT!!!  They were toward the top of the payout chart prior to this change.  Now, it will get even better.  With a 7% (street level) commission on their 10-year!!!

By reading the transition rules, it appears that they will likely decrease the “caps” on these products in order to make room for the higher levels of guaranteed income.  So be aware that the accumulation potential may be watered down a little but the guaranteed income will be greater.  Furthermore, they have their separate Accumulation product that currently has a 12% cap on the plain vanilla S&P 500!!!

Lastly, AIG does dual appoint.  So, if you are with another IMO with AIG, you can get an additional appointment with CG Financial Group.  Let us know if you want me to run you some numbers on specific scenarios. 

Click Here to see the announcement and details.

Written By:  Charlie Gipple, CFP®, CLU®, ChFC®

Written By: Charlie Gipple, CFP®, CLU®, ChFC®

Charlie is the Founder and CEO of CG Financial Group, a financial services company that serves consumers as well as financial professionals. CG Financial Group, LLC is one of the fastest growing marketing organizations in the country for annuities, life, and long-term care because CG Financial Group is different! Charlie is recognized throughout the industry as one of the foremost thought leaders and subject matter experts on retirement planning, life insurance, long-term care planning, tax planning, and estate planning. He is also an industry keynote speaker conducting 100-150 speeches per year. He has spoken at the MDRT Top of the Table as well as other large forums and has also appeared on TheStreet.com and AM Best TV. With over two decades of experience, Charlie is unique in his broad knowledge across the life insurance, LTC, annuities, and retirement planning. His writings appear monthly in various financial magazines across the country. He holds a bachelor’s degree in Finance from the University of Northern Iowa, is FINRA Series 7 and Series 66 licensed and also holds the CFP®, CLU® and ChFC® designations.


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