Corebridge Financial announced the introduction of the Invesco New economy Index, providing exposure to some of the most innovative areas of the market, including cryptocurrency, through the Corebridge Power Select Index Annuities. The Invesco New Economy Index, created by Invesco, one of the world's leading asset management firms, aims to deliver strong risk-adjusted returns through dynamic allocations to two exchange-traded products, Invesco QQQ ETF (QQQ) and Invesco Galaxy Bitcoin ETF (BTCO). The new index is available exclusively in Power Select Index Annuities, which are part of the Corebridge family of index annuities and distributed by Market Synergy Group (MSG), one of the nation's largest networks of independent marketing organizations.
Invesco QQQETF tracks the performance of the Nasdaq-100 Index®?, an index that contains the 100 largest non-financial companies on the Nasdaq Stock Exchange®?, providing exposure to pioneering companies that are at the forefront of transformative long-term themes such as augmented reality, cloud computing, big data, mobile payments, streaming services and electric vehicles. Invesco Galaxy Bitcoin ETF aims to track the spot price of bitcoin, providing a secure and simplified way to gain exposure to cryptocurrency. The Power Select Index Annuities are issued by American General Life Insurance Company (AGL), a member company of Corebridge Financial Inc. These annuities offer tax deferral, principal protection against down markets, growth potential through a diverse range of index interest accounts, and guaranteed lifetime income options to help consumers prepare for retirement.
Guarantees are backed by the claims-paying ability of AGL. Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-payingability of the issuing insurance company.
They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be appropriate for all individuals. Withdrawals may be subject to federal and/or state income taxes.
An additional 10% federal tax may apply if individuals make withdrawals or surrender their annuity before age 591/2. Individuals should consult their tax advisor regarding their specific situation. 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 financial professional regarding situation. For legal, accounting or tax advice, consult the appropriate professional. All contract and benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims- paying ability of the issuing insurance company.
