Corebridge Announcing AG 49-B Changes, Max Accumulator+ III CA Availability

Written By Natalie Alcala

From Corebridge:

Corebridge recently announced changes to its IUL illustrations in relation to AG 49-B, which goes into effect on May 1st. Additionally, Corebridge's Max Accumulator+ III product will now be available in CA. Read on for the details!

The National Association of Insurance Commissioners (NAIC) has adopted the Revised Actuarial Guideline 49-A (AG 49-A) which will go into effect for any IUL policy sold on or after May 1, 2023. As a result, there will be some updates to our IUL products.

Here’s a quick view of what’s changing:  

  • This update only impacts illustrations, not how the life insurance product operates or performs

  • Illustrated performance of Volatility Control Index (VCI) accounts will be reduced to similar levels as current S&P 500 index accounts

  • Caps and participation rates are not changing

  • There are some interest rate changes in the in-force products to reflect the current market environment

  • NEW! Max Accumulator+ III will now be available in California.

Our IUL products provide your clients with valuable features to help move their financial futures forward and help secure a better life ahead.

Natalie Alcala
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