Corebridge Pathway Choice Focus 5 NY

Corebridge Pathway Choice Focus NY is a single premium fixed annuity. It offers a broad range of fixed interest rate options, so you can customize the interest rate guarantee period to your financial needs, preferences, and time horizon. You’ll also have the flexibility to add a return-of-premium guarantee that allows you to surrender the annuity at any time and get back at least the value of your premium, less any withdrawals and applicable charges.

Initial interest guarantee term options
The initial interest rate on the single premium is guaranteed for either three, four, five or seven years, depending on the option selected. 
Immediate crediting
Interest crediting begins on the effective date of the contract.

Optional return-of-premium guarantee
You may select an optional return-of-premium guarantee at the time of purchase. If you select the return-of-premium guarantee, the annuity may be returned at any time for an amount equal to the greater of the premium paid, less prior net withdrawals, or the contract value minus any applicable withdrawal charges.
Adding this feature may result in a lower initial interest rate guarantee than a contract without the feature would receive.

Contract purchase
$25,000 Minimum single premium purchase amount for qualified and nonqualified annuities. Premiums received in the first 60 days after contract issue will be accepted.

Issue ages
Maximum issue age 90
Minimum owner issue age is 18, or if earlier, the age of majority as defined by law in state of issue. If contract is jointly owned, issue age restrictions apply to both owners.

Maximum annuity age
When income must begin:
Nonqualified annuities: By age 95, otherwise the contract must be surrendered.
Tax-qualified annuities: Generally, by April 1 of the year after the annuitant reaches age 73 unless Required Minimum Distributions (RMDs) are being satisfied elsewhere. Income can be taken by annuitization of the contract or by partial withdrawals. However, the contract must be annuitized or surrendered no later than age 95.

Penalty-free withdrawal privilege
After the first contract year, you may take multiple penalty-free withdrawals (without charges) each contract year, not to exceed a total of 10% of the previous anniversary contract value. Withdrawals in excess of permitted penalty-free withdrawals are subject to a withdrawal charge during the withdrawal charge period. The withdrawal charge schedule is based upon the guarantee term selected at purchase. RMDs that are based solely on this contract are permitted at any time after contract issue without charges. Additionally, amounts withdrawn after the withdrawal charge period will not have charges assessed.

Death benefit
Payable on death of owner. Beneficiary will receive the greater of the contract value (without withdrawal charge). Benefits can pass directly to the designated beneficiary, avoiding the potential delays and cost of probate. Joint owners must be each other’s sole primary beneficiary.