Income Solutions

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Income Solutions for Bull & Bear Markets

Feature Highlights

For financial professional use only. Not for use with the public.

Bull or Bear? We’ve got you covered We’re proud to offer you innovative income solutions designed to help you address diverse client needs in changing markets. With the Polaris Income Plus ® and Polaris Income Plus DailySM income protection features, available in select Polaris Variable Annuities, you can custom tailor retirement income solutions to help meet your clients’ specific: Investment goals Tolerance for risk Income needs For Income Now, Income Soon, or Income Later, we have the retirement solutions you’re looking for today–come bull market or bear.

MORE Solutions for Your Clients. MORE Ways to Deliver Guaranteed Lifetime Income.

Income protection features are optional and available at contract issue in select Polaris Variable Annuities and subject to additional fees, age restrictions, investment requirements and limitations. Depending on investment performance and income needs, clients may never need to rely on the protection provided by an optional insurance feature. Guarantees are backed by the claims-paying ability of the issuing insurance company. Annuities are designed for long-term retirement investing. Early withdrawals may be subject to withdrawal charges. Partial withdrawals reduce the contract value and may also reduce certain benefits under the contract, such as the death benefit and the amount available upon 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. Retirement plans and accounts, such as IRAs and 401(k)s, can be tax-deferred (and subject to required minimum distributions) regardless of whether or not they are funded with an annuity. An investment in a variable annuity involves investment risk, including the possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. Products and features may vary by state and may not be available in all states or firms. The purchase of a variable annuity is not required for, and is not a term of, the provision of any banking service or activity. For financial professional use only. Not for use with the public.

Polaris Income Plus

Polaris Income Plus Daily

Income Plus & Income Plus Daily

OFFERING THE OPPORTUNITY FOR

OFFERING THE OPPORTUNITY FOR

BOTH OFFER THE OPPORTUNITY FOR

MORE Guarantees for Income

MORE Step-Ups & Equity Exposure

MORE Income

®

For clients looking for more guarantees for their retirement income, Polaris Income Plus offers:

SM

For clients looking for more investment flexibility and the opportunity for a greater level of equity exposure with an income protection feature, Polaris Income Plus Daily offers:

5.5% annual income credit during the first 12 contract years, in years

Opportunity to capture the highest daily value for guaranteed lifetime

withdrawals are not taken

income 252 times each year1

Potential for guaranteed rising income with a partial income credit in

Choice of 28 investment options

years withdrawals are taken, provided withdrawals are taken within the feature’s parameters, less than 5.5% and contract value remains

• Select one of four professionally designed asset allocation models—offering up to 80% equity exposure2, OR

Doubling of Income Base–on the 12th contract anniversary, if no withdrawals

• Build a customized allocation using up to 24 individual portfolios from respected money managers

have been taken, the Income Base is guaranteed to be at least 200% of purchase payments received in the first contract year

No predetermined formulas that control the client’s investment allocation

Opportunity for annual market step-ups from investment gains on

Greater equity exposure with an income protection feature

FOR CLIENTS who want:

For financial professional use only. Not for use with the public.

Up to 6% annual withdrawals (Option 1 | Age 65 | Single Life) Up to 7% annual withdrawals (Option 2 | Age 65 | Single Life) With Polaris Income Plus Daily, if withdrawals begin before the earlier of age 68 or the 5th contract anniversary, the amount available for lifetime income under the feature is lower.

FOR CLIENTS who may be seeking:

Income credits “stack” on market step-ups

• Income Base: The amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not a liquidation value nor is it available as a lump sum. The Income Base is initially equal to the first purchase payment. We will not accept purchase payment on or after the first contract anniversary if an income protection feature is elected. Income Plus locks in to the Income Base the greater of investment gains or an annual income credit (as defined in the prospectus) on contract anniversaries during the first 12 contract years. After 12 years, the Income Base can continue to increase on contract anniversaries from investment gains, provided contract value remains. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Up to 5% annual withdrawals FOR LIFE (Option 3 | Age 65 | Single Life)

Higher withdrawal rates are available at age 72+. Joint Life options are also available.

contract anniversaries, provided contract value remains

The opportunity for more guarantees for income

Income Plus and Income Plus Daily both offer a choice of three income options so you can offer clients an Income Advantage and tailor solutions to their specific income needs.

Note: An income credit is not available with Polaris Income Plus Daily.

With Income Options 1 and 2, clients will receive the protected income payment if contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s parameters. See back cover for details.

To learn more about our retirement income solutions, contact your AIG Annuities wholesaler or call us today.

Based on approximate number of trading days each year for the New York Stock Exchange. Target equity exposure for Model 4 is 90%; 10% required allocation to Secure Value Account results in 80% equity exposure.

1 2

• Income Base: The amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not a liquidation value nor is it available as a lump sum. The Income Base is initially equal to the first purchase payment. We will not accept purchase payments on or after the first contract anniversary if an income protection feature is elected. If no withdrawals have been taken from the contract, the Income Plus Daily Income Base is increased daily to the Step-up Value (if any). After the first withdrawal has been taken, the Income Base is increased on the next contract anniversary looking back to the Step-up Value (if any) on each day since the first withdrawal. (This is referred to as the “first look-back.”) After the first look-back, the Income Base is increased on each contract anniversary looking back to the Step-up Value on each day since the last contract anniversary. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Withdrawal rates range from 2.5% to 7.5% of the Income Base, depending on the feature and income option elected, age at time of first withdrawal, choice of covering one person or two people, and with certain income options, whether or not contract value remains. (For Income Plus Daily, the timing of when withdrawals begin may also be a factor.)

•S  tep-up Value: This is a value used to determine the Income Base. It is equal to the current contract value if the contract value is higher than the current Income Base. The Step-up Value (if any) is redetermined each day.

To realize the benefits of an income protection feature, clients must take withdrawals within the feature’s parameters. Polaris Income Plus Daily can offer clients income protection for different types of markets. In a rising market, it may offer the benefit of a step-up to the Income Base. In a flat, declining or extended down market, clients may not receive the benefit of a step-up, but the Income Base will remain protected for guaranteed lifetime income.

For financial professional use only. Not for use with the public.

For financial professional use only. Not for use with the public.

Polaris Income Plus® —No waiting period or age 68 requirement. Polaris Income Plus DailySM—If the client is age 68 or older at time of first withdrawal OR if withdrawals begin on or after the 5th contract anniversary. Income Option 1

Income Option 2

Income Option 3

Age at 1st Withdrawal

Covered Persons

45-59

Single Life Joint Life

4.0% 3.5%

3.0%* 3.0%*

4.0% 3.5%

3.0%* 3.0%*

3.25% for life 3.00% for life

60-64

Single Life Joint Life

5.0% 4.5%

3.0%* 3.0%*

5.0% 4.5%

3.0%* 3.0%*

3.75% for life 3.50% for life

65-71

Single Life Joint Life

6.0% 5.5%

4.0% 4.0%

7.0% 6.5%

3.0% 3.0%

5.00% for life 4.50% for life

72+

Single Life Joint Life

6.5% 6.0%

4.0% 4.0%

7.5% 7.0%

3.0% 3.0%

5.25% for life 4.75% for life

MAWA

PIP

MAWA

PIP

MAWA/PIP

Polaris Income Plus Daily—If the client is younger than age 68 at the time of first withdrawal AND withdrawals begin before the 5th contract anniversary. Income Option 1

Income Option 2

Income Option 3

Age at 1st Withdrawal

Covered Persons

45-59

Single Life Joint Life

3.5% 3.0%

2.5%** 2.5%**

3.5% 3.0%

2.5%** 2.5%**

2.75% for life 2.50% for life

60-64

Single Life Joint Life

4.5% 4.0%

2.5%** 2.5%**

4.5% 4.0%

2.5%** 2.5%**

3.25% for life 3.00% for life

65-67

Single Life Joint Life

5.5% 5.0%

3.5% 3.5%

6.5% 6.0%

2.5% 2.5%

4.50% for life 4.00% for life

MAWA

PIP

MAWA

PIP

MAWA/PIP

* With Income Options 1 and 2, if withdrawals begin before age 65 and the Income Base increases due to investment gains (or to a new Step-up Value with Income Plus Daily) on a contract anniversary on or after the 65th birthday, the protected income payment will automatically increase to 4% of the Income Base. ** With Income Options 1 and 2, if withdrawals begin before the 5th contract anniversary and the client is younger than age 65 and the Income Base increases to a new Step-up Value on a contract anniversary on or after the 65th birthday, the protected income payment will automatically increase to 3.5% of the Income Base. Note: Maximum Annual Withdrawal Amount (MAWA) and Protected Income Payment (PIP) are calculated as a percentage of the Income Base. If the contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s parameters, clients will receive the PIP shown. To realize the feature’s benefits, clients must take withdrawals within the applicable parameters. Excess withdrawals reduce the Income Base and the Income Credit Base (if applicable) and also reduce the maximum annual withdrawal amount that can be withdrawn under the feature. 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, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company.

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. A prospectus may be obtained by calling 1-800-445-7862. Clients should read the prospectus carefully before investing. Polaris Variable Annuities are issued by American General Life Insurance Company (AGL) except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life). The Elite Series of Polaris Variable Annuities is issued by The Variable Annuity Life Insurance Company (VALIC). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA. AGL, US Life, VALIC and ACS are members of American International Group, Inc. (AIG). 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

For financial professional use only. Not for use with the public.

M5605BBB.1 (8/16)

1-800-445-7862 aig.com/annuities