AIG Life & Retirement Brings Consumers a New Level of Customization for Polaris Variable Annuities with Greater Flexibility, ...
June 17 2019 - 10:00AM
Business Wire
AIG Life & Retirement, a division of American International
Group, Inc. (NYSE: AIG), today announced new enhancements for
select Polaris Variable Annuities designed to provide policyholders
with greater flexibility, personalization and control for these
retirement accumulation and income solutions.
The new Polaris Income Plus Daily Flex and Polaris Income Plus
Flex offer policyholders a new level of customization with enhanced
lifetime income rates, greater feature flexibility and investment
flexibility. With Income Plus Daily Flex, policyholders can choose
AIG’s new Build Your Own Allocation open architecture option to
design their own customized allocation. Working with a financial
professional, policyholders can select from 77 portfolios across 12
different asset classes to build a variable annuity portfolio that
matches their investment objectives, risk tolerance and financial
plan.
Additionally, the new features provide policyholders more
flexibility and personalization with the ability to:
- add money to the contract after the
first contract year
- take early withdrawals if needed
without locking in lifetime withdrawal rates 1
- make important income benefit changes
to address changing life events (such as marriage, divorce or death
of a spouse) and changing income needs or preferences at
retirement.
“We take our role as the leading provider of annuity solutions
in the United States seriously and we’re proud to bring greater
flexibility, personalization and control to Polaris – our flagship
variable annuity product that has been helping customers achieve
more secure retirements for over 25 years,” said Todd Solash,
President, Individual Retirement at AIG. “Planning for retirement
is a long journey, and the future always holds change. Our
retirement income solutions are designed with customer and advisor
feedback in mind, and our new enhancements help policyholders
adjust for life. With these new options, we can meet our customers’
evolving needs and help their financial advisors tailor their
retirement income accordingly.”
Polaris Variable Annuities are long-term investments that bring
together a combination of growth potential, death benefit features,
and optional income protection features. These features help
investors address today’s retirement challenges, including market
risk, longevity risk and preparing for retirements that could last
four decades or more.
AIG recently announced Plan for 100, a new initiative focused on
educating and empowering individuals, employers and financial
advisors to help Americans prepare for longer lives and
retirements. The initiative, with its 100-year theme complementing
the centennial celebration at AIG, includes the launch of a new
website (Planfor100.com) and podcast series to raise awareness
about the impact of increased longevity and educate Americans about
potential retirement income solutions.
Polaris 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 by calling 1-800-445-7862.
Clients should read the prospectus carefully before investing.
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
About AIG Life & Retirement
AIG Life & Retirement, a division of AIG, 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. 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). Securities products are distributed by AIG
Capital Services, Inc., member FINRA. Additional information about
AIG Life & Retirement can be found at
www.linkedin.com/showcase/aig-life-&-retirement.
About AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. Building on 100 years of experience, today
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 coverage is subject to 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.
____________________________________
1 Reduces the Income Base and Income Credit Base
proportionately
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version on businesswire.com: https://www.businesswire.com/news/home/20190617005449/en/
Matt Burkhard: 212-458-4253; matthew.burkhard@aig.comKenny
Juarez: 212-458-8352; kenny.juarez@aig.com
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