Flourish Annuities Expands Annuity Marketplace with Corebridge Financial Partnership

Core Insights - Flourish has partnered with Corebridge Financial to enhance its annuities offerings for registered investment advisors (RIAs) [1][4] - The partnership introduces the American Pathway Advisory multi-year guaranteed annuity (MYGA) to the Flourish Annuities platform, providing RIAs with more options for guaranteed returns and principal protection [2][4] Partnership Details - The American Pathway Advisory MYGA allows consumers to lock in growth for three, five, or seven years, offering flexibility with innovative renewal options and no withdrawal charges [2][4] - This partnership aims to help RIAs maintain consistent allocations to guaranteed rates within client portfolios [2] Market Demand and Features - Since its launch in January 2024, Flourish Annuities has attracted interest from over 200 RIA firms, highlighting its operational efficiency and simplified processes [3] - Key features of the Flourish Annuities platform include an outsourced insurance desk, a digital application process, and a vetted marketplace of fee-based annuities [3] Industry Impact - The addition of Corebridge Financial expands the marketplace for RIAs, providing them with more MYGA options to enhance client portfolios [4] - Flourish supports over 800 RIAs managing more than $1.5 trillion in combined assets, indicating strong trust in its platform [4][6] Company Background - Flourish manages over$5 billion in assets under custody and is wholly owned by Massachusetts Mutual Life Insurance Company [6] - Corebridge Financial, with over $390 billion in assets under management and administration, is a leading provider of retirement solutions and insurance products in the U.S. [7]