IncomEdge Control, a tax-deferred fixed annuity with a guaranteed lifetime withdrawal benefit (GLWB), is available to clients ages 50 to 80.

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Employees want guaranteed lifetime income  in your retirement plan

In-plan guaranteed lifetime income solution 

For Plan Sponsor and Consultant use only.

IncomEdge® Control

Quick Fact A

Quick Fact B

The most frequently cited reasons for preferring an annuity are all about financial peace of mind:The guarantee of income for lifeThe reduced fear of outliving savingsThe abililty to easily plan spending in retirement    Retirement Income Institute, “Participant Attitude Toward Guaranteed Income.”

Retirees with at least  $10,000 in lifetime income over-and-above Social Security are more likely to spend money on fun activities than retirees who are primarily relying on Social Security (Finke / Pfau whitepaper)

81% of employees would prefer retirement plans that include guaranteed income 

(Retirement Income Institute, “Participant Attitude Toward Guaranteed Income.")

Give employees the certainty  they crave

Provide annuities without constraints   from the past

The SECURE Act of 2019 was a giant leap forward for the retirement industry: •  Eases fiduciary and portability concerns for plan sponsors.•  Opens the industry to innovative lifetime income solutions.•  Knocks down annuitization barriers for participants related to mandatory distributions (RMDs).EndFragment

The SECURE Act of 2019 was a giant leap forward for the retirement industry:Eases fiduciary and portability concerns                   for plan sponsorsOpens the industry to innovative lifetime         income solutionsEngages participants to think about turning their savings into sustainable income in retirement

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Offer employees   one place  for all their financial needs

The rise of guaranteed lifetime income coincides with plan sponsor interests to bring positive change for employees:Provide a 360° view of their financial livesKeep participants in their defined contribution plans throughout retirementIncrease personalized planning through managed accounts and one-on-one advice

Participant experience

Why now

How it works

Action-based solution

Why Corebridge

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INTRODUCING… IncomEdge® Control

Plan ahead for secure income in retirementChoose when to take lifetime incomeMaintain control

In-plan guaranteed    lifetime income solution   to help your employees:

Experiment with planning strategiesHelp inform and inspire next steps

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Start with a guided path Make it easy for employees to   take action 

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Support it with one-on-one help Access to   professionals   when they need it

More than 100 retirement specialists to answer questionsLocal professionals across the country No additional cost

Customize the offering for your needs and workforceLeave the back-end work to us, in collaboration with youImprove your employee outcomes and satisfaction

Seemless integration for you Make guaranteed lifetime income an   essential part    of your compensation program

Confidence for your employees Create more secure futures through    simpler planning   

Fills the guaranteed income gap left by Social Security In-plan convenience means easier adoption  Flexible options to suit each employee’s needs

Use money in your plan today to take action for your future 

Choose guaranteed income for yourself or your spouse

Additional key benefits Helping employees   breathe easy   about retirement

Death benefit offers protection to family members 

Why Corebridge Financial We are    passionate   about helping people retire with confidence

Balanced sales across categories

* Data Source: Secure Retirement Institute (SRI®) U.S. Individual Annuities Sales Survey Participant’s Report Fourth Quarter 2022.EndFragment

2022 Sales by Product ($ billions)

Why offer an  in-plan  annuity?

Digital, direct engagement

SimplicityCertainty

Institutional pricing

No commissionNo explicit fee

ControlPredictability

Behavioral nudges

Prepare before needBuy without regret

Consumer preference

Key  design  considerations

Before or after you start guaranteed lifetime income For big life moments such as marriage, divorce or deathOr anytime you need it *Excess withdrawals may be subject to surrender charges and/or taxes and penalties, including reduction of guaranteed income level.

Offer flexibility and control Give employees   access to their money  if circumstances change

Access to her money She can access her $100,000 anytime if she’s short on cash. It’s her money. 

Meet Audrey She plans to retire in five years but isn’t sure if she will have the financial security she needs by then.

She can also  stick to her original plan of beginning withdrawals in five years and she is guaranteed to receive $7,002

Guaranteed growth even in uncertain markets Her contribution(s) and earnings are safe, no matter what rollercoaster the market is on. Money in Audrey’s annuity grows each year based on a rate that is guaranteed for 10 years. After the first 10 years, the growth rate can change annually but will never be less than 1%.Any withdrawals Audrey takes will reduce her annuity balance.

Audrey can change her mind and still have peace of mind knowing exactly what her future income will be, helping her clearly  plan her next step.

IncomEdge Control  in action

Audrey uses $100,000 of her retirement savings to purchase the IncomEdge Control fixed annuity, giving her…

— Certainty — Control — Flexibility

Better yet,  she can decide to  wait a little longerand get an even bigger payout $7,769

She wants to find a solution that gives her: Supplemental sources of retirement income Access to her money in case she needs it Ability to transact online Transparency to help with future decisions

She can choose to start payments immediately, and she is guaranteed to receive $5,250

Guaranteed income for life With IncomEdge Control, Audrey will receive a guaranteed amount of money every year. Better yet—she decides when she is ready to start her guaranteed income stream. Every year Audrey waits to start taking withdrawals her money is guaranteed to grow, and her payout goes up each year. 

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.  Annuities are long-term products designed for retirement. Withdrawals may be subject to withdrawal charges and federal and/or state income taxes. A 10% federal early withdrawal tax penalty may apply if taken before age 59½. Retirement plans and accounts such as 403(b)s, IRAs, 401(k)s, etc., can be tax deferred regardless of whether or not they are funded with an annuity. A purchase in an annuity within a plan does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefits. Annuities issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX, except in New York, where individual annuities are issued by The United States Life Insurance Company in the City of New York (US Life). Guarantees are backed by the claims-paying ability of VALIC and US Life. Financial obligations of insurance products are the responsibility of these issuing companies. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax, and if taken prior to age 59½, an additional 10% federal tax may apply. All companies above are wholly owned subsidiaries of Corebridge Financial, Inc. Corebridge Retirement Services, Corebridge Financial and Corebridge are marketing names used by these companies.  Products and services may not be available in all states and product features may vary by state. Please refer to your contract. © Corebridge Financial, Inc. All Rights Reserved VC 39476 (09/2023) J1243705 Contract #: IVG-224 (7/21)

(2023 Corebridge Financial In-Plan Income Product Research)

Retirees with at least  $10,000 in lifetime income over-and-above social security are more likely to spend money on fun activities than retirees who are primarily relying on social security (Finke / Pfau whitepaper)

Tested demographics who  want to  learn more