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A differentiated annuity product could attract new funds and diversify fee-based revenue, though immediate earnings impact is not specified; long-term benefits depend on sales adoption.
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Corebridge Financial unveiled Progressive Trigger, an index annuity with a Memory feature designed to preserve growth after downturns. The tool targets savers who expect recoveries to take time, potentially boosting annuity sales and related fees if adoption grows. The outcome could shift CRBG’s product mix toward more resilient, fee-based revenue over the long term.
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