MarketLock RILA

The MarketLock RILA is a fantastic tool for a stress-free retirement. You'll love this annuity's robust safety net, especially if the market fluctuates greatly!

With MarketLock RILA, your hard-earned money grows steadily. It's a reliable precaution to safeguard your golden years. Enjoy your well-earned retirement with peace and prosperity.

Corebridge Financial Inc.
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MarketLock RILA

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Ratings:

  • A.M. Best A
  • Fitch A+
  • S&P A+
  • Moody's A2
  • Comdex 80

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About Product

Type
Registered Index-Linked
Purpose
Accumulation & Legacy
Term
6 Years
Surrender schedule
8%8%7%6%5%4%
Fee withdrawal:
10%
Market Value Adjustment
No
Return Of Premium
No
Minimum Contribution
$25,000
Maximum Contribution
$2,000,000
Max Age Qualified
85
Types Of Funds
Non-Qualified, IRA, SEP IRA, and IRA-Roth
Launch Date
10/07/2024
Corebridge MarketLock Annuity is a registered index-linked annuity (RILA) that helps you navigate the market and adjust your strategy to lock in growth when the market is up and limit risk when the market is down.
With Corebridge MarketLock Annuity, you can:
  • Customize your strategy with the growth potential and level of protection you want.
  • Lock in market gains based on real-time index performance.
  • Ease downside risk by reducing the impact of market losses.
Performance Capture
MarketLock offers the Automatic and/or Manual Performance Capture feature(s) in all strategy account options (except the Lock Strategy). These features allow you to: 
  1. Automatically lock in growth once the growth target for your selected index is reached. 
  2. Manually lock in your strategy account value any time you choose.
Manual Performance Capture instructions must be received at least 5 days prior to the end of the term.
How it works
The Automatic and Manual Performance Capture features use the annuity’s interim value to lock in growth. 
  • The interim value is an estimate of the current strategy account value, factoring in index performance, costs and the length of time before the end of the term. 
  • Once the interim value is locked in, your assets are protected against loss and won’t fluctuate with index returns for the remainder of the contract year. You’ll earn a fixed rate of interest after the lock-in, ensuring growth until the next contract anniversary when you must reallocate or reset your term.
You may incur losses if you stay in the strategy account option past the next contract anniversary or if you reallocate to a new account option. Assets in all multi-year strategies will automatically be transferred to the 1-Year Fixed Account unless other instructions are received prior to the anniversary date. 
Available in states: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, and WY

Allocation Accounts

Name Type Rates
6-Year S&P 500 Lock 100 Strategy with Buffer
Lock Strategy
6-Year
6-Year S&P 500 Lock 75 Strategy with Buffer
Lock Strategy
6-Year
6-Year S&P 500 Lock 50 Strategy with Buffer
Lock Strategy
6-Year
3-Year S&P 500 Lock 30 Strategy with Buffer
Lock Strategy
Triennial
3-Year S&P 500 Lock 40 Strategy with Buffer
Lock Strategy
Triennial
3-Year S&P 500 Lock 50 Strategy with Buffer
Lock Strategy
Triennial
1-Year S&P 500 Dual Direction Cap with 10% Buffer
Dual Directional
Annual
11.75% Cap
1-Year Nasdaq-100 Dual Direction Cap with 10% Buffer
Dual Directional
Annual
13.5% Cap
6-Year S&P 500 Dual Direction Cap with 20% Buffer
Dual Directional
6-Year
100% Cap
6-Year S&P 500 Dual Direction Cap with 10% Buffer
Dual Directional
6-Year
300% Cap
6-Year S&P 500 Cap Secure with 10% Buffer
Annual Lock
6-Year
12.5% Cap
Performance Capture Fixed Rate
Fixed
1% Fixed
Lock Fixed Rate
Fixed
1% Fixed
1-Year Fixed Account
Fixed
3% Fixed
6-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
6-Year
600% Cap
6-Year S&P 500 PTP Participation Rate with 20% Buffer
Point to Point
6-Year
100% Participation
6-Year S&P 500 PTP Participation Rate with 10% Buffer
Point to Point
6-Year
108% Participation
6-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
6-Year
300% Cap
1-Year Nasdaq-100 PTP Cap with 10% Buffer
Point to Point
Annual
17% Cap
1-Year S&P 500 PTP Cap with 20% Buffer
Point to Point
Annual
11% Cap
1-Year S&P 500 PTP Cap with 10% Buffer
Point to Point
Annual
17% Cap
1-Year Nasdaq-100 Performance Trigger with 10% Buffer
Performance Triggered
Annual
12% Performance triggered
1-Year S&P 500 Performance Trigger with 10% Buffer
Performance Triggered
Annual
10% Performance triggered

Surrender schedule

Year 1 2 3 4 5 6
Penalty 8% 8% 7% 6% 5% 4%

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Riders

Name Inbuilt Fee
ROP Death Benefit No 0.20% annually

Waivers

Terminal Illness

Withdrawal charges may be waived if you have terminal illness that was initially diagnosed after the contract issue date.

Extended Care

Withdrawal charges may be waived if you have extended care needs for at least 90 consecutive days, beginning after the first year.

Premium Notes

Issue age 
  • 18-85 
  • 18-75 with optional return of principal death benefit 

Withdrawal Provisions

Free withdrawals
In the contract’s first year, you can withdraw 10% of your premium (money allocated to the RILA) without incurring any withdrawal charges. After the first contract year, you can withdraw up to 10% of your contract value (based on your prior anniversary value) at no charge.

Minimum Withdrawal Value (MWV)
An amount guaranteed to be available for withdrawal upon full surrender, payment of a death benefit or upon beginning annuitization. The Minimum Withdrawal Value (MWV) is the sum of the MWV for the strategy account options and the MWV for the 1-year fixed account. 

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