AIG SunAmerica Introduces New Variable Annuity Features Designed to Help Boost Retirement Income.Company Launches New Annuity annuity: see insurance. annuity Payment made at a fixed interval. A common example is the payment received by retirees from their pension plan. There are two main classes of annuities: annuities certain and contingent annuities. Benefit Options and Adds Highly Regarded Portfolios to its Polaris 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. 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. has announced several new enhancements to its variable annuity platform. Notably, the company is adding a 7 percent annual retirement income bonus option to its popular MarketLock For Life Plus guaranteed minimum withdrawal benefit, a versatile 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. feature available in select AIG SunAmerica variable annuities Variable annuities Investment contracts whose issuer pays a periodic amount linked to the investment performance of an underlying portfolio. . The new option offers investors who elect it a lifetime retirement income guarantee that is based on a growth rate of 7 percent a year or the actual growth rate of their portfolio, whichever is higher, during each of the first 10 years in which they do not take a withdrawal. And, if clients don't take any withdrawals during the first 10 years of their contract, the option also ensures a minimum "floor" for their retirement income that's double their eligible first-year investments. "Our consumer research tells us that 97 percent of Americans age 45 and over consider securing guaranteed income for life to be a top financial goal1," said Rob Scheinerman, senior vice president of Product Management for AIG SunAmerica Retirement Markets, Inc. "Our new MarketLock For Life Plus 7 percent option can help our clients retire stronger, with a more secure and predictable retirement income stream. Whether financial markets are weak, flat or even declining, the option guarantees that investors will at least double their basis for retirement income in 10 years if they don't take any withdrawals," Scheinerman added. "That's a very attractive guarantee given today's market volatility." Investors also have the flexibility to choose from three asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. models depending on their investment profile. This allows them to benefit from a rising market, while protecting them from a declining market. "As a guaranteed minimum withdrawal benefit, MarketLock For Life Plus ensures retirement income that cannot be outlived - even if investors begin taking withdrawals right away," Scheinerman said. "But obviously, the longer investors wait to begin taking withdrawals, the more they will be able to take out for lifetime income." To realize the benefits of MarketLock For Life Plus, clients must take withdrawals within the parameters of the feature. Clients also need to follow certain flexible investment requirements. Depending on the performance of their investment, clients may never need to rely on the protection provided by this optional insurance feature. The guarantees associated with MarketLock For Life Plus are backed by the claims-paying ability of AIG SunAmerica Life Assurance Company. Other Enhancements Include: New C-Share (No Withdrawal Charge) Products Offer Living Benefits AIG SunAmerica also announced the introduction of two C-share, or "no withdrawal charge," products that offer a guaranteed minimum withdrawal benefit. The new products offer investors greater freedom and flexibility for their retirement investment: * MarketLock For Life Plus 6 Percent Option--Investors receive income based on the better of the actual performance of their portfolio or a 6 percent annual bonus in each year that withdrawals are not taken during the contract's first 10 years. (The new 7 percent option is not available.) * Added liquidity--Investors can withdraw principal or earnings at any time and for any reason without incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. a company-imposed withdrawal charge. Polaris Product Line Adds Two Franklin Templeton Balanced Portfolios The company has added two highly regarded portfolios from Franklin Templeton Investments--one of America's largest and most respected investment management organizations-- to the investment options available in its Polaris variable annuity product line. Franklin Templeton VIP Founding Funds Allocation Fund2, 3 provides a diversified diversified (di·verˑ·s , value-oriented approach by investing in equal allocations of three other Franklin Templeton Variable Insurance Products Trust (FTVIPT) funds: Franklin Income Securities Fund, Templeton Growth Securities Fund, and Mutual Shares Securities Fund. Franklin Income Securities Fund2, 4 seeks to maximize income while maintaining prospects for capital appreciation. The portfolio invests in corporate, foreign and U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. bonds, as well as stocks with dividend yields the manager believes are attractive. The portfolio offers a long-term investment approach and lower risk potential, and seeks solid returns through bull and bear markets. "The addition of the MarketLock For Life Plus 7 percent option, our new 'no surrender charge' products and the portfolios from Franklin Templeton are the latest in a series of ongoing enhancements to our retirement product lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. ," said Scheinerman. "AIG SunAmerica is committed to offering increasingly powerful retirement planning solutions to investors who recognize that, as they live longer, they must secure guaranteed income they can never outlive out·live tr.v. out·lived, out·liv·ing, out·lives 1. To live longer than: She outlived her son. 2. ." 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. 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), a world leader 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 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 Ireland and Tokyo. 1Based on research from the America Speaks Out on Retirement: 2007 Investor Research Study 2A separate investment series of the Franklin Templeton Variable Insurance Products Trust (FTVIPT) 3Because the fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks, this fund may be subject to those same risks. Investments in stocks offer the potential for long-term gains Long-term gain A profit on the sale of a capital assets held longer than 12 months, and eligible for long-term capital gains tax treatment. but can be subject to short-term price fluctuations. Because the underlying funds invest in bonds and other debt obligations, the fund's share price and yield will be affected by interest rate movements. Bond prices generally move in the opposite direction from interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. High yield, lower-rated (junk junk Classic Chinese sailing vessel of ancient unknown origin, still in wide use. High-sterned, with a projecting bow, the junk carries up to five masts on which are set square sails consisting of panels of linen or matting flattened by bamboo strips. ) bonds generally have greater price swings and higher default risks than investment-grade bonds Investment-grade bonds A bond that is assigned a rating in the top four categories by commercial credit rating companies. S&P classifies investment-grade bonds as BBB or higher, and Moody's classifies investment grade bonds as BAA or higher. Related: High-yield bond. . Foreign investing, especially in emerging markets, involves additional risks, including currency fluctuations, economic instability, market volatility and political and social instability. These and other risks are described more fully in the fund's prospectus. 4The fund's investments in stocks offer the potential for long-term gains but can be subject to short-term price fluctuations. Because the fund invests in bonds and other debt obligations, its share price and yield will be affected by interest rate movements. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in the fund adjust to a rise in interest rates, the fund's share price may decline. The fund may invest a significant portion of its assets in high-yield, lower-rated (junk) bonds, which generally have greater price swings and higher risk of default and loss of principal than investment-grade bonds. Foreign investing, especially in emerging markets, involves additional risks, including currency fluctuations, economic instability, market volatility and political and social instability. These and other risks are described more fully in the fund's prospectus MarketLock For Life Plus is an optional guaranteed minimum withdrawal benefit that offers the opportunity to lock in the greater of market gains or a 7 percent or 6 percent accumulation rate on eligible investments in each of the contract's first 10 years. The 6 percent option is available at contract issue in select AIG SunAmerica Variable Annuities for an additional annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. fee of 0.65 percent for the Single Life option (one covered person covered person, n an individual who is eligible for benefits under a dental benefits program. covered person Health insurance An insured person who is eligible for medical benefits or other services covered by a health policy ) or 0.90 percent for the Joint Life option (two covered individuals). The 7 percent option is available at contract issue for an additional annualized fee of 0.75 percent for the Single Life option (one covered person) or 1.00 percent for the Joint Life option (two covered individuals). Please see the prospectus for more information, including additional limitations and restrictions. Variable annuities are designed for long-term retirement investing. Because investors pay no taxes on earnings within their variable annuity until they take a withdrawal, withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 591/2, a 10 percent 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 re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. , could be worth more or less than the total amount invested. 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. Variable annuities are issued 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, New York, NY. 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., 21650 Oxnard St., Woodland Hills, CA 91367 (800) 445-7862. NOT FDIC OR NCUA/NCUSIF INSURED * NO BANK OR CREDIT UNION GUARANTEE * MAY LOSE VALUE |
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