Polaris Variable Annuities are long term investments that are designed for retirement. The optional Polaris Income Max feature can help you maximize your retirement income. In the years before you activate your guaranteed retirement income benefit, it increases each year on your contract anniversary, by locking in the greater of your investments gains or, when investment gains are low, a 5.25% credit.
Change your income option to match your needs
You can also customize your retirement income solution to meet your specific needs. We have options to provide “more income sooner,” with 25%-50% more initial income.* There’s also a 5% for Life option, providing an unchanging and protected income stream.
* After lifetime income is activated, with Option 1 and Option 2, in the event the contract value is completely depleted due to market volatility, deduction of fees and/or withdrawals taken within the feature’s parameters, the amount available for lifetime income is reduced and the protected income payment (PIP) will be paid, provided the Income Base is greater than zero. The PIP is calculated as a percentage of the Income Base. With Income Option 3, MAWA and PIP are the same percentage.
The Income Base is the amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not the same as your contract value; it is not a liquidation value nor is it available as a lump sum.
Polaris Income Max is an optional income protection feature available at contract issue in select Polaris Variable Annuities. Additional fees, age restrictions, investment requirements and limitations apply. Depending upon the performance of the investment and income needs, you may not need to rely on the protection provided by an optional income protection feature. Additional income protection features may be available. Only one income option feature may be elected. To realize the benefits of an income protection feature, you must take withdrawals within the parameters of the feature.
Variable annuities are long-term investments designed for retirement. A variable annuity can offer you lifetime income that’s protected from market volatility, combined with growth potential. During the growth stage, it can help you grow your money on a tax-deferred basis through a choice of professionally managed investment options. During the income stage, a variable annuity can provide you with protected lifetime income through standard or optional features. Optional features are available for an additional cost. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax, and if taken prior to age 59½, an additional 10% federal tax may apply.
An investment in a variable annuity involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. Past performance is no guarantee of future results.
All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased. The purchase of Polaris is not required for, and is not a term of, the provision of any banking service or activity. Products and features may vary by state and may not be available in all states.
Polaris Variable Annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance and securities licensed financial professional or call 1-800-445-7862 to obtain a prospectus. Please read the prospectus carefully before investing.
Polaris Variable Annuities are issued by American General Life Insurance Company (AGL), Houston, TX. Polaris Platinum Elite Variable Annuity is issued by The Variable Annuity Life Insurance Company (VALIC), Houston TX. AGL and VALIC do not issue annuities in New York. In New York, Polaris Variable Annuities are issued by The United States Life Insurance Company in the City of New York (US Life). Polaris Variable Annuities are distributed by AIG Capital Services, Inc. (ACS), Member FINRA. 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862. AGL, VALIC, US Life and ACS are members of American International Group (AIG). Products and features may vary by state and may not be available in all states. The purchase of an annuity is not required for, and is not a term of, the provision of any banking service or activity. Policy form numbers: AGL: AG-803 (7/13); VALIC: V-803 (11/14); US Life: US-803 (5/17).
Not FDIC or NCUA/NCUSIF Insured
May Lose Value • No Bank or Credit Union Guarantee • Not a Deposit • Not Insured by Any Federal Government Agency
AIG Life & Retirement consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. It includes the following major U.S. life insurance companies: American General Life Insurance Company; The Variable Annuity Life Insurance Company; and The United States Life Insurance Company in the City of New York.
Life insurance and annuities issued by American General Life Insurance Company (AGL), Houston, TX except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life). Certain annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. Issuing companies AGL, US Life and VALIC are responsible for financial obligations of insurance products. AGL does not issue products in the state of New York. VALIC, AGL and USL, its employees, representatives do not provide tax or legal advice. Products and services may not be available in all states and product features may vary by state.
Securities products are distributed by AIG Capital Services, Inc. (ACS). Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997.
AIG Retirement Services represents The Variable Annuity Life Insurance Company (VALIC), Houston, TX and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO). Securities and investment advisory services offered through VALIC Financial Advisors, Inc. (VFA), member FINRA, SIPC and an SEC-registered investment adviser, 2919 Allen Pkwy, L03-20, Houston, TX 77019-2158.
All companies are members of American International Group, Inc. (AIG).