Idaho Fixed and Index Product Offering Update

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New from Corebridge Financial: Product Offering in Idaho 

We are writing to provide an update to our September communication regarding our Fixed and Index annuity product offerings in the state of Idaho.

We are reevaluating the work necessary to enhance the customer experience in light of the unique requirements related to the state’s Annuity Consumer Protections Act, Idaho Code § 41-1940-1943. Therefore, we have made the decision to temporarily suspend sales of Fixed and Index annuity products in Idaho, effective October 16, 2023, until we are ready to launch an updated framework that we believe will fulfill both the needs of our clients and standards established by the state. We appreciate your partnership and will keep you informed as to when we will be ready to bring these products back to market

This change impacts fixed and index products.

Transition Rules for Idaho Product Offering 

Paper Applications

  • Cash with Application: The application must be signed no later than Sunday, October 15, 2023. The application and initial premium must be received in good order by the Corebridge Financial Annuity Service Center no later than Monday, October 30, 2023. 
  • 1035 or Transfer Business: The application and transfer paperwork must be signed no later than Sunday, October 15, 2023, and must be received in good order by the Corebridge Financial Annuity Service Center no later than Monday, October 30, 2023. The initial premium must be received, and the contract must be issued no later than Friday, December 22, 2023. 

Electronic Submissions (Appless)

  • Cash with Application: The electronic application submission file date received on the electronic order at Corebridge must be no later than Sunday, October 15, 2023. The electronic transmission, application and initial premium must be received in good order by the Corebridge Financial Annuity Service Center no later than Monday, October 30, 2023. 
  • 1035 or Transfer Business: The electronic application submission file date received on the electronic order at Corebridge must be no later than Sunday, October 15, 2023. The electronic transmission, application and transfer paperwork must be received in good order by the Corebridge Financial Annuity Service Center no later than Monday, October 30, 2023. The initial premium must be received no later than Friday, December 22, 2023.