|Our Highly Rated Insurance Companies|
Our annuities are issued by two highly rated insurers:
l American General Life Insurance Company has been keeping promises to customers since
1926, and issues a broad range of products. From protection and asset accumulation to income
solutions and wealth transfer, American General Life’s products include a full line of life insurance,
accident & health insurance, group benefits, and annuities.
l The United States Life Insurance Company in the City of New York, with a history of serving
customers dating back 160 years, issues annuities in New York, as well as life insurance.
These two life companies are highly rated by ratings agencies for financial strength and claims-paying ability. Financial strength is important—you want the company that stands behind the insurance guarantees in your annuity to be there when you need it—when you’re ready to take income or when your heirs need the funds that are due to them.
The current ratings for American General Life Insurance Company and The United States Life Insurance Company in the City of New York are:
As of February 14, 2013
Ratings outlooks: S&P, Stable; Moody’s, Stable; AM Best, Stable; Fitch, Stable
Ratings can be objective indicators of a company’s financial strength and can provide a relative measure to help investors select the best insurer for their needs. Ratings are subject to change at any time and are not a guarantee of the future financial strength and/or claims-paying ability of the company.
Note on variable annuities: Ratings do not reflect and are not indicative of the variable portfolios’ performance. Only the variable annuity’s fixed account rates, protection features, and income payments are backed by the claims-paying ability of the issuer
More Information About the Ratings
Standard & Poor’s 21 ratings are a measure of claims-paying ability and range from AAA (Exceptionally Strong) to R (Regulatory Action). Moody’s Investors Service 21 ratings are a measure of financial security and range from Aaa (Exceptional) to C (Extremely Poor). Fitch’s 19 ratings are a measure of insurer financial strength and range from AAA (Exceptionally Strong) to C (Distressed). A.M. Best’s 15 ratings are a measure of claims-paying ability and range from A++ (Superior) to F (In Liquidation).
Annuities are long-term products designed for retirement. Early withdrawals may be subject to withdrawal charges. 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. Tax-qualified plans, such as an IRA, 401(k), etc., are tax-deferred (and subject to required minimum distributions) regardless of whether or not they are funded with an annuity.
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 from your financial advisor or by calling 1-800-445-7862. Please read the prospectus carefully before investing.
The Company, its distributors and representatives are not authorized to give legal, tax or accounting advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For advice concerning your situation, consult your professional attorney, tax advisor or accountant.
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). All products and features may not be available in all states. The purchase of a variable annuity is not required for, and is not a term of, the provision of any banking service or activity.
Variable annuities are distributed by AIG Capital Services, Inc., Member FINRA, 21650 Oxnard St., Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862.
AGL, US Life and AIG Capital Services, Inc. are membes of American International Group, Inc. (AIG). All contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company and are not the obligation or responsibility of 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