AIG SunAmerica Enhances the Popular Marketlock Living Benefit with an Option for Lifetime Income.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group SunAmerica Retirement Markets, Inc. today announced a new enhancement to the popular MarketLock(TM) feature: the option for lifetime income. The enhanced MarketLock, available on the company's Polaris(R) and Seasons(R) variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. , can now help ensure that investors will not outlive out·live tr.v. out·lived, out·liv·ing, out·lives 1. To live longer than: She outlived her son. 2. their retirement savings, no matter what happens in the financial markets. MarketLock--a "maximum anniversary value" guaranteed minimum withdrawal benefit--locks in investment gains to create an income stream that can only increase with the market and never decline due to market volatility. Investors who elect MarketLock can be guaranteed not to outlive their income if they wait until their 65th birthday or later to begin taking withdrawals of up to 5% of their benefit. "MarketLock, with its new lifetime income option, is an ideal living benefit for today's investor. It helps overcome major obstacles to a successful retirement--including inflation, market volatility and outliving your money," said Robert Scheinerman, Senior Vice President of AIG SunAmerica Retirement Markets, Inc. "The feature works by offering flexible, unrestricted investing, locking in market gains, and providing guarantees to generate retirement income for as long as you live." "The first Baby Boomers See generation X. have already turned 60 and are genuinely concerned about both protecting their nest eggs and not outliving their income," Scheinerman continued. "MarketLock now addresses these concerns in an even more powerful way. We provide the opportunity to lock in and protect an income to last a lifetime based on your best year in the feature. Unlike so many of our competitors' options, we do not restrict your investment choices and we will not increase your fee rate." MarketLock is easy to use, since investors do not need to call in or submit forms to lock in their gains--MarketLock steps up automatically and locks in investment gains annually for 10 years--even after withdrawals begin, with no changes in the fee percentage. On the 10th anniversary, MarketLock can also be extended to step up for 20 years, with the fees and benefits in effect at the time of step up. A Powerful Solution for Managing Retirement Risks The boomer boom·er n. 1. Informal A nuclear submarine armed with ballistic missiles. 2. Informal A baby boomer. 3. A transient worker, especially in bridge construction. 4. generation will likely live longer and more actively than any previous generation. However, this longer and more active life comes with rising costs (including healthcare), serious shortfalls in savings and pensions, and uncertainty about Social Security. Equity investments may help nest eggs keep pace -- but investors are concerned about market volatility. MarketLock can be a powerful solution to investor concerns: --Loss of Purchasing Power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. Investors who choose MarketLock have no investment restrictions. They can allocate assets to any investment options in their variable annuity--including equity options for greater growth potential--and are not forced to put 20% or more of their investment in fixed income options, as they might be in similar features from other companies. Also, once a year on the contract anniversary during the first 10 years, or 20 years if extended, MarketLock locks in investment gains automatically with the potential for higher and higher retirement paychecks. --Market Volatility MarketLock protects against risk and volatility with guarantees that retirement income will not go down due to market volatility--no matter how the market performs. --Outliving Money Investors who elect MarketLock and take withdrawals of 5% or less annually beginning on or after their 65th birthday are guaranteed annual "retirement paychecks" for as long as they live. MarketLock must be elected when the contract is issued and is available only to investors aged 75 or younger at purchase. Contract owners must adhere to adhere to verb 1. follow, keep, maintain, respect, observe, be true, fulfil, obey, heed, keep to, abide by, be loyal, mind, be constant, be faithful 2. specific withdrawal limits to receive the full benefit of MarketLock's lifetime guarantee. The additional annual fee for MarketLock is 0.65% of the withdrawal benefit for as long as the investor remains invested in the contract or until the investor cancels the feature. If investors elect to extend the time period that step-ups can occur, from 10 years to 20 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time fees in effect at the time of extension, which may be higher or lower, will be charged and the then-current parameters of the feature will go into effect. To be included in the withdrawal benefit, purchase payments must be made within the first two years; payments after the first two years will be excluded. MarketLock cannot be elected in combination with other living benefit options offered in the same contract. Excess withdrawals outside the parameters of the feature may negatively affect the investor's level of guaranteed income. MarketLock is provided by AIG SunAmerica Life Assurance Company and, in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , by First SunAmerica Life Insurance Company. A Complete Retirement Planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. Vehicle MarketLock is a living benefit offered as a feature on select AIG SunAmerica variable annuities. Variable annuities are long-term investment vehicles designed to help investors save for retirement with a combination of tax-deferred growth on earnings, a wide range of investment options, guaranteed lifetime income options and protection features such as the living benefit described here, as well as death benefits that can help protect the value of the investment for the owner's beneficiaries. Because investors pay no taxes on earnings within their variable annuity Variable Annuity An insurance contract in which, at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio. until they take a withdrawal, withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59 1/2, a 10% federal tax penalty may apply. Early withdrawals may also be subject to withdrawal charges imposed by the insurance company. Partial withdrawals may also reduce benefits available under the annuity contract Annuity Contract The written agreement between an insurance company and a customer outlining each party's obligations in an annuity coverage agreement. This document will include the specific details of the contract, such as the structure of the annuity (variable or fixed), any as well as the amount available upon a full surrender. An investment in a variable annuity, like any investment in market securities, involves investment risk, including possible loss of principal. The contract, when redeemed, could be worth more or less than the total amount invested. The living and death benefits in variable annuities, while not a guarantee of contract value, were specifically designed to help protect future income and the beneficiary's inheritance against these risks. Please call 1-800-445-SUN2 or contact your investment representative to request a prospectus. Please read the prospectus carefully before investing. 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. AIG SunAmerica Retirement Markets, Inc., a subsidiary of AIG Retirement Services, Inc., specializes in marketing and distributing the retirement savings products issued by AIG SunAmerica Life Assurance Company and First SunAmerica Life Insurance Company. Together, the life companies of AIG Retirement Services, Inc. rank as the largest issuer of variable and fixed annuities Fixed annuities Contracts in which an insurance company or issuing financial institution pays a fixed dollar amount of money per period. in the nation. AIG SunAmerica Retirement Markets supports the distribution of variable annuities through an extensive national network of registered representatives at independent broker-dealers, securities firms and banks. American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG), world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. Variable annuities are issued by AIG SunAmerica Life Assurance Company and, in New York, by First SunAmerica Life Insurance Company. An investment in a variable annuity is not guaranteed or endorsed by any bank, is not a deposit or obligation of any bank and is not federally insured by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. (FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). ), Federal Reserve Board or any other federal government agency. The purchase of a variable annuity is not required for and is not a term of the provision of any banking service or activity. Neither AIG SunAmerica nor its representatives provide tax or legal advice. Investors should contact their own tax advisor A tax advisor is a financial expert especially trained in tax law. Some countries require tax advisors to verify the balance sheets of companies above a certain size. Individuals usually require tax advisors to minimize taxation, to avoid learning the details of tax law in or attorney regarding their particular situation. Distributed by AIG SunAmerica Capital Services, Inc., Harborside Financial Center, 3200 Plaza 5, Jersey City, NJ 07311-4992, 201-324-6300.
NOT FDIC OR NCUA/NCUSIF INSURED
-- NO BANK OR CREDIT UNION GUARANTEE -- MAY LOSE VALUE
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