Legg Mason Quality Dividend Index℠ Harnesses
the Power of Dividends to Help Consumers Navigate Uncertain
AIG Life & Retirement, a division of American International
Group, Inc. (NYSE: AIG) and a leading provider of annuities, today
announced the launch of the new Legg Mason Quality Dividend Index.
This index has been developed exclusively for The Power Series of
Index Annuities®, which is issued by AIG member company American
General Life Insurance Company and will be distributed primarily
through independent broker-dealers, banks and other financial
The Legg Mason Quality Dividend Index offers consumers the
opportunity to seek more consistent returns in changing markets by
focusing on high-quality dividend-paying stocks. While the index is
not available for direct investment, its returns are used to help
determine the interest earned in the index annuity. In addition,
any assets allocated to the Legg Mason Quality Dividend Index in a
Power Series Index Annuity are protected against market downturns,
so principal will never fall due to market volatility.
“Today, more than ever, Americans are looking for strength and
stability in their retirement portfolios,” said Bryan Pinsky,
Senior Vice President of Individual Retirement Pricing and Product
Development at AIG. “The Legg Mason Quality Dividend Index offers
the expertise of one of the nation’s premier money managers, and,
by emphasizing strong companies that have a history of paying
dividends, this new index can help clients generate more consistent
returns than the broad U.S. stock market.”
The Legg Mason Quality Dividend Index uses a simple, rules-based
process to dynamically allocate between high dividend-paying
stocks, stocks with high levels of price stability, and cash. The
allocation among stocks is adjusted monthly to take advantage of
performance and momentum trends. Cash positions are then managed on
a daily basis to help mitigate market risk.
“We focused on developing a compelling solution that is both
differentiated from and complementary to other index options
available through AIG Life & Retirement,” said Colleen Tycz,
Co-Head of US Retirement Solutions, National Accounts, at Legg
Mason. “Legg Mason is proud to introduce consumers to the Legg
Mason Quality Dividend Index, the only dividend-focused solution in
the Power Series of Index Annuities.”
“As the Quantitative Solutions provider within Legg Mason, we
are excited for this opportunity to work with AIG Life &
Retirement and leverage our factor-based research within the index
annuity space,” said Nick Hooten, Head of Investment Solutions at
QS Investors. “Our goal for the index was to utilize our dynamic
process to allocate to stocks that pay high dividends and
demonstrate high levels of price stability in order to provide
consumers with strong, consistent return potential.”
The Legg Mason Quality Dividend Index is available exclusively
in The Power Series of Index Annuities, which combines tax
deferral, principal protection against down markets, growth
potential through a diverse range of index interest accounts, and
guaranteed lifetime income options to help consumers prepare for
retirement. Guarantees are backed by the claim-paying ability of
American General Life Insurance Company.
Index annuities are not a direct investment in the stock market.
They are long-term insurance products with guarantees backed by the
claims-paying ability of the issuing insurance company. They
provide the potential for interest to be credited based in part on
the performance of the specified index, without the risk of loss of
premium due to market downturns or fluctuations. Index annuities
may not be suitable or appropriate for all individuals.
Withdrawals may be subject to federal and/or state income taxes.
An additional 10 federal tax may apply if you make withdrawals or
surrender your annuity before age 59½. Consult your tax advisor
regarding your specific situation.
Diversification and risk management strategies do not guarantee
positive performance or prevent negative returns. There are no
assurances that any objectives will be achieved. Depending on index
performance and other factors, individuals may earn no interest in
the index annuity.
The Legg Mason Quality Dividend Index℠ (“LMQD”) has been
developed and is owned solely by QS Investors LLC, a wholly-owned
subsidiary of Legg Mason, Inc. Neither Blackrock (the sponsor of
iShares ETFs) nor Invesco is affiliated with Legg Mason, Inc. and
QS Investors, LLC. LMQD and any security or product based on or
making use of LMQD are not sponsored, endorsed, or promoted by
Blackrock or Invesco, and neither company bears any responsibility
or liability for or with respect to LMQD or any security or product
based on or making use of LMQD.
LMQD is calculated on behalf of QS Investors, LLC by Solactive
or its affiliate, agent or partner. Solactive, QS Investors, LLC,
Legg Mason, Inc. and their respective affiliates do not make any
claim, prediction, warranty or representation as to the accuracy
and completeness of LMQD, the results to be obtained from use of
LMQD or the suitability of LMQD for the purpose to which it is
being put by American General Life Insurance Company, and bear no
liability for LMQD or for any security or product based on or
making use of LMQD.
The LMQD embeds an annual index cost in the calculations of the
change in index value. This embedded index cost will reduce any
change in index value, and it funds certain operational and
licensing costs for the Index. Since it will affect the return of
the Index, it may also impact the amount of interest credited to an
index annuity; however, it is not a fee paid by the policy owner or
received by the issuing insurance company.
Index annuities are issued by American General Life Insurance
Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019.
Contract Numbers for the Power Series of Index Annuities: AG-800
(12/12) and AG-801 (12/12). AGL is a member of the American
International Group, Inc. (AIG) family of financial services
companies. The underwriting risks, financial and contractual
obligations and support functions associated with the annuities
issued by AGL are its responsibility. AGL does not solicit business
in the state of New York. Annuities and riders may vary by state
and are not available in all states. AIG and its member companies
are not affiliated with Legg Mason.
Not FDIC or NCUA/NCUSIF Insured May Lose Value • No Bank or Credit
Union Guarantee Not a Deposit • Not Insured by any Federal
About AIG Life & Retirement
AIG Life & Retirement brings together a broad portfolio of
protection, retirement savings, investment and lifetime income
solutions to help people achieve financial and retirement security.
The business consists of four operating segments – Individual
Retirement, AIG Retirement Services, Life Insurance and
Institutional Markets – and holds longstanding, leading market
positions in many of the markets it serves.
AIG Life & Retirement includes AIG member insurance
companies American General Life Insurance Company (Houston, TX),
The United States Life Insurance Company in the City of New York,
and The Variable Annuity Life Insurance Company (VALIC), Houston,
TX as well as their affiliates. Securities products are distributed
by AIG Capital Services, Inc., member FINRA. Additional information
about AIG Life & Retirement can be found at
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in more than
80 countries and jurisdictions. These diverse offerings include
products and services that help businesses and individuals protect
their assets, manage risks and provide for retirement security. AIG
common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries and jurisdictions, and coverage is subject to
underwriting requirements and actual policy language. Non-insurance
products and services may be provided by independent third parties.
Certain property-casualty coverages may be provided by a surplus
lines insurer. Surplus lines insurers do not generally participate
in state guaranty funds, and insureds are therefore not protected
by such funds.
version on businesswire.com: https://www.businesswire.com/news/home/20200520005431/en/
Sabra Purtill (Investors): 212-770-7074; firstname.lastname@example.org
Matt Burkhard (Media): 212-458-4253; email@example.com
Historical Stock Chart
From Jul 2020 to Aug 2020
Historical Stock Chart
From Aug 2019 to Aug 2020