Our Life Company Ratings
The two life companies that issue our variable annuities to help Americans invest for retirement and plan for guaranteed income are highly rated by independent ratings agencies for financial strength and claims-paying ability.
Financial strength is important—you want the company that stands behind the insurance guarantees in a variable 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 as of February 14, 2013 are:
Standard & Poor’s
“An insurer rated ‘A’ has STRONG financial security characteristics, differing only slightly from those rated higher.”
Moody’s Investors Service
“Insurance companies rated A offer good financial security. However, elements may be present which suggest a susceptibility to impairment sometime in the future."
A.M. Best Company
“Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations.”
”Denotes a low expectation of ceased or interrupted payments. Indicates strong capacity to meet policyholder and contract obligations. This capacity may, nonetheless, be more vulnerable to changes in circumstances or in economic conditions than is the case for higher ratings.”
Ratings do not reflect and are not indicative of the variable portfolio’s performance. Only the variable annuity’s fixed account rates, protection features, and income payments are backed by the claims-paying ability of the issuer. 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.
Our life companies have a long history of providing retirement solutions to individual investors. As always, these life companies stand behind the guarantees in our products.
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).
For product information, contact an investment representative or call 1-800-445-7862.
Annuities are designed for long-term retirement investing. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract as well as the amount available upon a full surrender. Withdrawals 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.
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.
Variable annuities are issued by American General Life Insurance Company (American General Life), except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life). Products are marketed by SunAmerica, The Retirement Specialist. All products 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. Neither American General Life, US Life, nor their representatives provide tax, accounting or legal advice. You should contact your own tax advisor or attorney regarding your particular situation.
Distributed by SunAmerica Capital Services, Inc., 21650 Oxnard St., Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862.
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