The strategy retains eligible interest percentages during down years and combines them with future credits if specified performance conditions are met.
Houston-based annuity products provider Corebridge Financial has introduced Progressive Trigger, an index annuity interest-crediting strategy that seeks to address a key limitation of traditional trigger-based annuities by allowing growth opportunities to carry forward after periods of negative market performance. Guarantees are backed by the claims-paying ability of the issuing insurer American General Life Insurance Company The strategy, available exclusively through the Power Select Build