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Through our American Pathway series of annuities, we offer protection of your savings and predictable retirement income payments. We are committed to helping protect the financial security of you and your family.

People are living longer, which is good. But longevity creates new retirement challenges. How do you cover expenses during a 30+ year retirement without running out of money?

Immediate and deferred-income annuities could be your solution.

They can help ensure you receive a predictable stream of income payments you will never outlive.


Key benefits of a single-premium immediate annuity (SPIA) and
single-premium deferred income annuity (DIA)

SPIA offers:

One lump-sum payment (a single payment amount).

  • Timely benefits — you can start receiving income payments monthly, quarterly, semiannually or annually. Typically, that means 30 days from the date of contract issue.
  • Withdrawal benefit — if you unexpectedly need access to funds beyond scheduled income payments, you may have the ability to withdraw up to 100% of the present value of the remaining guaranteed income payments as a lump sum using the withdrawal benefit. 1, 2

  • Customization —within certain limits, you also have the option to schedule the date that income payments begin – usually up to one year from the date the contract is issued.
With some exceptions, in exchange for higher payments, an immediate annuity permanently converts your principal to a guaranteed income stream, depending on the payout options you choose.
DIA offers:

  • Timely benefits — you can receive income payments monthly, quarterly, semiannually or annually, beginning 12 months after your contract is issued.

  • Income start date adjustment — you can accelerate or defer the first payment date within five years of the original income start date as long as it complies with the minimum and maximum deferral periods. Not available with life-only annuity options.

  • Qualified Longevity Annuity Contracts (QLAC) — allows you to postpone taking a portion of your required minimum distributions (RMDs) until as late as age 85.

1 The withdrawal benefit option is not available with lifetime income only, certain period only, or any income payment option that includes an annual payment adjustment. Additional restrictions may apply.

2 The company expects to report the full amount of the lump-sum payment as fully taxable for the year of the payment and to recalculate the exclusion ratio for the remaining income payments. To the extent there are earnings in the contract, an advance payment or withdrawal benefit is taxed as ordinary income. A withdrawal benefit will also reduce any future guaranteed income payments and any death benefit. A withdrawal tax penalty may apply on any taxable income payments or a withdrawal benefit if taken before age 59 1/2. The company makes no representations and provides no advice as to the ultimate tax treatment of any of these annuity transactions, and you may wish to consult with a tax advisor prior to purchasing this contract, taking an advance payment or exercising the withdrawal benefit feature under the contract.

W5399P1 (12/15)


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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. Tax-qualified contracts such as IRAs are tax deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the treatment by the tax-qualified retirement plan itself. However, annuities do provide other features and benefits, which may include but are not limited to a guaranteed death benefit and income options.

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 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 an annuity is not required for, and is not a term of, the provision of any banking service or activity.

AGL and US Life are members 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 a deposit | Not insured by any federal government agency



           May lose value | No bank guarantee | Not FDIC-insured