Protected Growth Potential for the Sense of Security You Need
To help protect against the unexpected, you insure what’s important to you—whether it’s your home, your car, your personal property, or even your life. You can do the same with what may be one of your most important
and valuable assets: your retirement savings.
Today, in fact, protecting your money may be just as important as growing it. As the past few years have illustrated, when it comes to investing in the market, what goes up can also come down. That’s where variable annuities can come in.
Variable annuities give you the opportunity to participate in the upside growth potential of the market with protection features that may help reduce risk for your income and beneficiaries. Variable annuities from the SunAmerica life companies offer you ways to “insure” your retirement assets against market uncertainty. Generally, you have choices for optional benefits that provide:
- Retirement income protection—to help ensure that your future income is protected against market
volatility, has the opportunity to keep up with rising costs, and can last as long as you live
- Beneficiary protection—to help ensure that the amount your family and heirs receive is protected against investment loss in a down market
Important note: Optional benefits are generally available for an additional annual fee, although “standard” beneficiary protection may automatically be included in variable annuity contracts. “Enhanced” beneficiary protection may be available for additional fees or as part of the base contract, depending on the specific contract. Some optional benefits may be mutually exclusive—you can only choose one. Lifetime income can also be guaranteed at no additional cost by annuitizing the variable annuity contract and choosing a lifetime or joint lifetime income option. Unlike these optional income benefits, annuitization does not guarantee any increase in income or any minimum level of income.Guarantees are backed by the claims-paying ability of the issuing insurance company.
Find out more about these types of optional benefits by clicking on a topic in the box at right. And then talk to your financial advisor about how a variable annuity and optional protection benefits may help you “insure” your retirement savings against the unexpected!
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 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.
This material was prepared to support the marketing of the SunAmerica Variable Annuities. Please keep in mind that American General Life Insurance Company (American General Life), SunAmerica, and their distributors and representatives may not give tax, accounting or legal advice. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. Such discussions generally are based upon the company’s understanding of current tax rules and interpretations. Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have retroactive effect as well. Please seek the advice of an independent tax advisor or attorney for more complete information concerning your particular circumstances and any tax statements made in this material.
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.
Distributed by AIG Capital Services, Inc., 21650 Oxnard St., Suite 750, Woodland Hills, CA 91367-4997,
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