Who doesn’t love a great before and after story?
AIG if offering an annuity with a guaranteed living benefit rider with an income base that has the potential to increase each contract year by 250 percent of the interest earned for the year.
Sounds great, right? But what about after the income begins?
We have that covered as well. The rider’s income base may continue to increase each contract year by 150 percent of the interest earned for the year, which is then minus any withdrawals, and it may last for life. 1
This income rider has arrived! Call your CreativeOne team today at 800.882.2642 to learn more about this exciting opportunity, or click on the product information below.
1 Opportunity for income credits end at the earlier of the annuity maturity date (age 95) or when the annuity contract value reaches zero. When no interest is earned, or the income credit adjusted for the withdrawal equals zero, there will be no income credit. Index 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. Index annuities are not a direct investment in the stock market. Guarantees are backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based on the elected index interest account, which is based in part on the performance of a specified index, and/or a fixed interest account, without the risk of loss of premium due to market downturns or fluctuations. Index Interest accounts are subject to Participation Rates, Index Rate Caps, or Annual Spreads that can decrease or limit the amount of interest credited. Index annuities may not be suitable or appropriate for all individuals. Guaranteed living benefits are riders that are automatically included to the base contract for an annual fee and can provide for a guaranteed income stream for life. The income base is the value which guaranteed withdrawals and the annual rider fee are based; it is not used in the calculation of the contract value or any other benefits under the contract, and cannot be withdrawn partially or in a lump sum. The income base is initially equal to the first eligible premium and premium enhancement (if any). Income riders are subject to state availability and may not be available in all states. Annuities are issued by American General Life Insurance Company (AGL), 2727‐A Allen Parkway, Houston, Texas 77019. Products not available in all states or may vary by state. AGL does not solicit business in New York.
FOR FINANCIAL PROFESSIONAL USE ONLY. NOT FOR USE WITH THE GENERAL PUBLIC.
CP-0657 – 2015/12/10