First Choice 4
Corebridge Financial
10%
Free W/D
52
States
A fixed annuity that locks in a guaranteed interest rate for multiple years, offers tax-deferred growth, and provides flexibility to withdraw penalty-free amounts annually. Designed for retirees and near-retirees who want income certainty without market volatility.
Free Withdrawal
10%/yr
Available In
52 states
Min Premium
$25,000
Surrender
4 years
Key Features
Interest Rate Guarantee
4, 5, 6, 7, or 10-year optionsInitial interest rate is locked in and guaranteed for 4, 5, 6, 7, or 10 years depending on your choice
Minimum Withdrawal Value
87.5% guaranteeUpon full surrender or death, you receive at least 87.5% of your premium (less any prior withdrawals), regardless of interest rate environment
Penalty-Free Withdrawals
15% annually + 30-day windowAfter year one, withdraw up to 15% of your contract value annually without charges or market adjustments, plus a 30-day free window at the end of your guarantee period
Tax Deferral
Tax-deferred growthFederal income taxes on interest earnings are deferred until you withdraw, allowing compound growth
No Ongoing Fees
$0 annual feesNo initial sales charge, no annual management fees, or administrative costs
Withdrawal Charges
8% to 0% over 10 yearsDeclining schedule from 8% in years 1-3 down to 1% in year 10, then zero after
Minimum Premium
$10,000 individual, $150,000 non-natural entitiesLow entry point for individuals; higher for business entities
Highlights
Guaranteed interest rate locked in for 4, 5, 6, 7, or 10 years with no market risk
Tax-deferred growth with no annual fees or upfront sales charges
Penalty-free withdrawal of up to 15% annually after year one, plus a 30-day window at guarantee period end
Guaranteed minimum of 87.5% of premium protected even if markets decline
No withdrawal charges on qualifying extended care or terminal illness claims
Surrender Schedule
Yr 1
8%
Yr 2
7%
Yr 3
7%
Yr 4
6%
After
0%
Nursing home waiver, Terminal illness waiver
Best For
Retirees and near-retirees who want guaranteed income, predictable interest rates, and tax-deferred growth with minimal fees and some access to their money without locking it away completely.
Consider Alternatives If
Investors seeking high growth potential, those who may need full access to their funds within the first 10 years, or anyone uncomfortable with declining withdrawal charges early in the contract.
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