NEW YORK–(BUSINESS WIRE)–AIG Life & Retirement, a division of American International Group, Inc.
(NYSE: AIG), today announced new enhancements for select Polaris
Variable Annuities designed to provide policyholders with greater
flexibility, personalization and control for these retirement
accumulation and income solutions.
The new Polaris Income Plus Daily Flex and Polaris Income Plus Flex
offer policyholders a new level of customization with enhanced lifetime
income rates, greater feature flexibility and investment flexibility.
With Income Plus Daily Flex, policyholders can choose AIG’s new Build
Your Own Allocation open architecture option to design their own
customized allocation. Working with a financial professional,
policyholders can select from 77 portfolios across 12 different asset
classes to build a variable annuity portfolio that matches their
investment objectives, risk tolerance and financial plan.
Additionally, the new features provide policyholders more flexibility
and personalization with the ability to:
- add money to the contract after the first contract year
-
take early withdrawals if needed without locking in lifetime
withdrawal rates 1 -
make important income benefit changes to address changing life events
(such as marriage, divorce or death of a spouse) and changing income
needs or preferences at retirement.
“We take our role as the leading provider of annuity solutions in the
United States seriously and we’re proud to bring greater flexibility,
personalization and control to Polaris – our flagship variable annuity
product that has been helping customers achieve more secure retirements
for over 25 years,” said Todd Solash, President, Individual Retirement
at AIG. “Planning for retirement is a long journey, and the future
always holds change. Our retirement income solutions are designed with
customer and advisor feedback in mind, and our new enhancements help
policyholders adjust for life. With these new options, we can meet our
customers’ evolving needs and help their financial advisors tailor their
retirement income accordingly.”
Polaris Variable Annuities are long-term investments that bring together
a combination of growth potential, death benefit features, and optional
income protection features. These features help investors address
today’s retirement challenges, including market risk, longevity risk and
preparing for retirements that could last four decades or more.
AIG recently announced Plan for 100, a new initiative focused on
educating and empowering individuals, employers and financial advisors
to help Americans prepare for longer lives and retirements. The
initiative, with its 100-year theme complementing the centennial
celebration at AIG, includes the launch of a new website (Planfor100.com)
and podcast series to raise awareness about the impact of increased
longevity and educate Americans about potential retirement income
solutions.
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.
| 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 |
About AIG Life & Retirement
AIG Life & Retirement, a division of AIG, brings together a broad
portfolio of protection, retirement savings, investment and lifetime
income solutions to help people achieve financial and retirement
security. The business consists of four operating segments – Individual
Retirement, AIG Retirement Services, Life Insurance and Institutional
Markets – and holds longstanding, leading market positions in many of
the markets it serves.
AIG Life & Retirement includes AIG member insurance companies American
General Life Insurance Company (Houston, TX), The United States Life
Insurance Company in the City of New York, and The Variable Annuity Life
Insurance Company (VALIC), Houston, TX as well as their affiliates.
Annuities are issued by American General Life Insurance Company (AGL)
except in New York, where issued by The United States Life Insurance
Company in the City of New York (US Life). Securities products are
distributed by AIG Capital Services, Inc., member FINRA. Additional
information about AIG Life & Retirement can be found at www.linkedin.com/showcase/aig-life-&-retirement.
About AIG
American International Group, Inc. (AIG) is a leading global insurance
organization. Building on 100 years of experience, today AIG member
companies provide a wide range of property casualty insurance, life
insurance, retirement solutions, and other financial services to
customers in more than 80 countries and jurisdictions. These diverse
offerings include products and services that help businesses and
individuals protect their assets, manage risks and provide for
retirement security. AIG common stock is listed on the New York Stock
Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| Twitter: @AIGinsurance www.twitter.com/AIGinsurance
| LinkedIn: www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
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1 Reduces the Income Base and Income Credit Base
proportionately
Contacts
Matt Burkhard: 212-458-4253; [email protected]
Kenny
Juarez: 212-458-8352; [email protected]
