AB - Corebridge Financial expands alliance with Market Synergy for new fixed index annuity

2023-03-22 10:42:03 ET

• Corebridge Financial ( NYSE: CRBG ) said Wednesday it has expanded its partnership with Market Synergy Group, a network of independent marketing organizations, to include the rollout of a new fixed index annuity created for registered investment advisors.
• Called Power Select Advisory, the fixed index annuity will help Market Synergy's "clients save more for retirement while protecting their portfolios in volatile markets," said Eric Taylor, vice president, Independent Annuity Distribution at Corebridge.
• The new product consists of protected lifetime income options, including two optional guaranteed living benefit riders. It also offers growth potential via indices created and managed by asset managers Dimensional Fund Advisors and AllianceBernstein ( AB ).
• Power Select Advisory marks the latest addition to The Power Series of Index Annuities, Corebridge's ( CRBG ) pool of fixed index annuities, and is available exclusively through Market Synergy.
• Meantime, CRBG slipped 1.3% in Wednesday morning trading.
• See why SA contributor Mike Zaccardi last month viewed CRBG as a Buy .

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