Portfolio Director Choice Series 5 Fixed and Variable Annuity
Product ID: 116
Vendor:
Type:
Variable Annuity
$152
0.52%
6 Years / 5.00%
Yes
Roth Eligible
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Enrollment and Questions
Use the following contact information to enroll or ask questions.
E-mail:
Address:
Website:
Phone:
(916) 780-6014
E-mail:
Address:
Corebridge Financial Northwest Regional Office
Attn: Keith Poch
2901 Douglas Blvd, Suite 150
Roseville, CA 95661
Attn: Keith Poch
2901 Douglas Blvd, Suite 150
Roseville, CA 95661
In-person:
Questions about enrollment?
View the Contact Information tab on the Vendor Details page for a list of office locations.
View the Contact Information tab on the Vendor Details page for a list of office locations.
- Product Details
- Fees and Charges
- Investment Options
Portfolio Director Choice is a long-term investment option that features up to 30 low-cost investment options. Included in the product investments are three fixed options that provide competitive current interest rates and guarantee safety of principal. There are no surrender charges for withdrawals within this product with the exception of inservice transfers to other vendors. Investors receive face-to-face service; monitoring of contribution limits; timely processing of withdrawals ; self-service through our Web site and voice response system and financial planning. Investors should consult the certificate/contract and product prospectus for details. Separate account charges may apply depending on the investment option selected.
Select the topics below to expand and view additional product details
Corebridge Financial offers a return of principal on contributions to the fixed account, less any withdrawals or transfers. Investors should consult their contract or certificate for details.
Corebridge Financial offers personal assistance through our Client Service Professionals and our local financial advisors so that participants may learn about retirement planning, investment strategy and risk management and reallocate account balances at any time via self-serve tools such as our Web site at www.corebridgefinancial.com/rs and by Phone (1-800-428-2542). These requests are processed the same day if received prior to 4:00 p.m. ET. Investors should consult their contract or certificate for details.
Participants may choose to automatically rebalance their accounts or perform a nonscheduled rebalance at any time via self-serve tools such as our Web site at www.corebridgefinancial.com/RetirementServices and by phone (1-800-428-2542). These requests are processed the same day if received prior to 4:00 p.m. ET. We also offer a high level of personal assistance through our highly-trained Client Service Professionals and our local financial advisors. Transfers of $5000 or more out of a fund will restrict transfers of $5000 or more into the same fund for 30 days. Automatic account rebalancing under Guided Portfolio Services investment advice program will not count against this transfer limitation. Investors should consult their contract for details.
Participants may set up a series of periodic transfers from the fixed account to the variable accounts on a monthly, quarterly or annual basis. These requests can be initiated at any time via self-serve tools such as our Web site at www.corebridgefinancial.com/rs and by Phone(1-800-428-2542). Our Client Service Professionals and local financial advisors are also available to provide personal assistance. These requests are processed the same day if received prior to 4:00 p.m. ET. Transfers of $5000 or more out of a fund will restrict transfers of $5000 or more into the same fund for 30 days. Automatic account rebalancing under Guided Portfolio Services investment advice program will not count against this transfer limitation. Investors should consult their contract for details.
A death benefit will be paid during the purchase period or payout period. The death benefits are automatically included in your contract for no additional fee. Consult your contract or certificate for specific death benefit applicable.
A return of principal on contributions to the fixed account, less any withdrawals or transfers, is offered. Investors should consult their contract or certificate for details.
Participants can request a loan or forecast different loan scenarios via self-serve tools such as our Web site at www.corebirdgefinancial.com/rs and our voice response system. Participants may also request a loan with the assistance of our Client Service Professionals (CSPs) during business hours. Our CSPs prepare all loan documents. The loan is issued within three business days of the completed request. Loan repayments may be made by personal check or, in certain limited situations, by payroll deduction. The loan interest rate charged will be up to 3% above the minimum guaranteed interest rate. Investors should consult their contract or certificate for details.
Each participant is notified of the distribution requirements under IRC Section 401(a)(9). The notification explains the distribution requirements (i.e. beginning date requirements, tax implications, minimum payment calculation, etc.). The participant is given an option for AIG RS to calculate the minimum distribution within the guidelines required by the IRS. Distributions will be automatically generated if requested by the participant. Investors should consult their contract/certificate or prospectus for details.
Yes
Benefit payments are made during the lifetime of the participant and his or her beneficiary. Upon the death of one, payments continue during the lifetime of the other (survivor). We offer several options where the participant and his or her beneficiary can arrange to receive the same benefit over both lifetimes or could opt for a higher payout while both are living and a lower payout after one dies. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract/certificate or product prospectus for details.
Benefit payments are made only to the participant during his or her lifetime. There is no provision for a death benefit for a beneficiary. To some participants, this option may provide a higher benefit than other options. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract/certificate or prospectus for details.
Benefit payments are made to the participant during his or her lifetime. If the participant dies before the selected guaranteed period has expired, the beneficiary will receive payments for the rest of the guaranteed period. A participant may choose to receive periodic annuity payments for a selected number of years, generally between five and 30 years, subject to Internal Revenue Code restrictions. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract/certificate or prospectus for details.
Benefit payments are made to the participant during his or her lifetime. Upon the participant's death, his or her beneficiary shall receive a lump sum payment equal to the remaining annuity value. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract/certificate or prospectus for details.
Participants can withdraw the entire vested value of their account. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. A surrender charge may apply. Investors should consult their contract/certificate or prospectus for details.
Benefit payments are made to the participant for a selected number of years, between three and thirty. Upon his or her death, payments will continue to the beneficiary until the designated period is completed. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Investors should consult their contract/certificate or prospectus for details.
Partial Withdrawals:
Participants may elect to take scheduled or nonscheduled withdrawals as desired or needed subject to IRS restrictions and plan provisions. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Surrender charges may apply. Investors should consult their contract/certificate or prospectus for details.
Participants may elect to take scheduled or nonscheduled withdrawals as desired or needed subject to IRS restrictions and plan provisions. Withdrawals may be limited by your plan and federal tax law. Before the participant turns age 59 1/2, withdrawals may be subject to a 10% tax penalty. Surrender charges may apply. Investors should consult their contract/certificate or prospectus for details.
All 403(b) products contain fees. The amount of fees varies greatly depending on the product. A slight increase in fees can
substantially reduce the growth in your account which will reduce your income in retirement. To learn more about the impact
of fees, and the different types of fees please refer to the
Explanation of Fees piece located in the
Help & Resources.
Fees
|
|
$60.00 | At the time of loan origination | Flat Dollar Amount | No | No | Yes |
|
|
1.00% | At the time funds are invested | Percentage of Annual Assets | Yes | No | Yes |
|
|
0.60% | Annually | Percentage of Annual Assets | No | Yes | Yes |
Surrender Charges
| Surrender Period* | Surrender Percentage |
|---|---|
| 1 | 5.00% |
| 2 | 5.00% |
| 3 | 5.00% |
| 4 | 5.00% |
| 5 | 0.00% |
| 6 | 0.00% |
*Expressed in contract years
Surrender Penalty Charge assessed on a "rolling" basis:
In-service transfers to other carriers will be subject to a surrender charge of the lesser of: 5% of contributions received during the most recent 60 months or 5% of the amount withdrawn in excess of 10% annually.
Exceptions to the Surrender Charge:
Other Restrictions:
Exceptions to the Surrender Charge:
Percent of contract value:
10.00%
Death:
Yes
Disability:
Yes
Financial Hardship:
Yes
Transfers to another carrier in excess of the 10% annual free out amount will incur a charge unless one of the conditions above are met.
