SunAmerica Income Plus For Those Who Want MORE INCOME. MORE CHOICE. MORE FLEXIBILITY.
MORE INCOME Generate MORE Income with SunAmerica Income Plus The Income Plus feature, available in select Polaris Variable Annuities, offers a range of income options to help you design customized income solutions. What s more, Income Plus continues to offer the key advantages that have made Polaris Variable Annuities a leader in retirement income. For Those Who Want 5.5% WITHDRAWALS as early as age 65 (5% as early as age 45) plus guaranteed rising income for 12 years with a partial income credit (Income Option 1 Single Life) 6.5% WITHDRAWALS as early as age 65 (Income Option 2 Single Life) 5% WITHDRAWALS FOR LIFE at age 65 plus guaranteed rising income for 12 years with a partial income credit of 1% (Income Option 3 Single Life) For LIFE! Joint Life options are also available. Withdrawal rates for Joint Life are 0.50% lower than Single Life rates. Key Advantages 6% annual income credit during the first 12 contract years, in years withdrawals are not taken Potential for guaranteed rising income with a partial income credit in years withdrawals are taken, provided withdrawals are taken within the feature s parameters and less than 6% Doubling of Income Base after 12 years (200% of eligible first-year premiums) if no withdrawals are taken Opportunity for annual market step-ups from investment gains Income credits stack on market step-ups Income Plus locks in the greater of investment gains or an annual income credit of up to 6% (as defined in the prospectus) on contract anniversaries during the first 12 contract years for future income. After 12 years, the Income Base can continue to increase from investment gains, provided contract value remains. The opportunity for guaranteed rising income during the first 12 contract years ends if the contract value is completely depleted. Income Plus is optional, available at contract issue for an additional fee and subject to restrictions and limitations. Investment requirements also apply. Contract and optional benefit guarantees are backed by the claims-paying ability of the insurer. See back cover for important information, including withdrawal parameters, fees and investment requirements.
MORE CHOICE Clients can receive MORE Income whether they need it today, tomorrow or down the road Here s a hypothetical illustration of how each income option can provide MORE INCOME for your clients. Of course, clients can always start, stop or adjust withdrawals (within the parameters of the income option elected) if income needs change in retirement. Build Customized Solutions with a Choice of Income Options Hypothetical illustration: Annual income at age 65 based on a $100,000 investment with a 0% net rate of return Age Year Option 1 Single Life Option 2 Single Life Option 3 Single Life More income sooner with Option 2 65 1 $5,500 $6,500 $5,000 66 2 $5,528 $6,500 $5,050 67 3 $5,555 $6,500 $5,100 68 4 $5,583 $6,500 $5,150 69 5 $5,610 $6,500 $5,200 In this Option 1 example, income grows with a partial income credit of.5% and increases to the equivalent of 5.83% of the initial Income Base after 12 years. 70 6 $5,638 $6,500 $5,250 71 7 $5,665 $6,500 $5,300 72 8 $5,693 $6,500 $5,350 73 9 $5,720 $6,500 $5,400 74 10 $5,748 $6,500 $5,450 75 11 $5,775 $6,500 $5,500 76 12 $5,803 $6,500 $5,550 77 13 $5,830 $6,500 $5,600 78 14 $5,830 $6,500 $5,600 79 15 $5,830 $6,500 $5,600 80 16 $5,830 $6,500 $5,600 81 17 $5,830 $3,000 PIP $5,600 In this Option 3 example, income grows with a partial income credit of 1%. After 12 years, income increases to the equivalent of 5.6% of the initial Income Base and continues for life. 82 18 $5,830 $3,000 PIP $5,600 83 19 $4,240 PIP $3,000 PIP $5,600 84 20 $4,240 PIP $3,000 PIP $5,600 Total Income $111,278 $116,000 $108,100 20 yrs For LIFE! Total Income 30 yrs $153,678 $146,000 $164,100 Note: This illustration is hypothetical and does not reflect the performance of any specific investment. Actual results may differ. With Income Option 1 and 2, the Protected Income Payment (PIP) is paid and continues for life in the event the contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s parameters. With Income Option 3, the contract value is completely depleted at age 83 in this hypothetical example, however, the income percentage is guaranteed for life. Amounts shown do not reflect any state or federal taxes that may be applicable. See back cover for important information, including withdrawal parameters, fees and investment requirements.
MORE FLEXIBILITY Offer clients the opportunity for MORE rising income even while taking withdrawals Clients have the flexibility to take withdrawals and still receive a partial income credit for guaranteed rising income. Income Option 1 and Income Option 3 ensure guaranteed rising income with an annual income credit during the first 12 contract years on contract anniversaries even while taking withdrawals, as long as clients don t exceed the feature s limits and contract value remains. The annual income credit is simply reduced by the percentage of the Income Base withdrawn. More Opportunity for Guaranteed Rising Income with a Partial Income Credit Example: Option 3 (Single Life) - = 6% 5% 1% Income Credit Withdrawal Income Credit With Income Option 2, clients also have the opportunity to receive a partial income credit during the first 12 contract years, even in years withdrawals are taken. Withdrawals must be within the parameters of the income option elected and less than 6%. Now is the time to offer clients MORE with Income Plus! See back cover for important information, including withdrawal parameters, fees and investment requirements. Contact your Polaris wholesaler or call our Sales Desk at 1-888-502-2900 to order Personalized Hypothetical Illustrations for your clients and prospects.
MORE WAYS To Offer Clients an Income Advantage No single solution can meet the diverse income needs of your clients. Some need income today. Others are still building for tomorrow. And many clients want the flexibility to adjust their income plans to meet changing needs. Polaris Variable Annuities offer multiple ways to provide MORE INCOME including a broad range of options that provide MORE CHOICE and MORE FLEXIBILITY to design customized income solutions for your clients. MORE SOLUTIONS FOR YOUR CLIENTS. MORE OPPORTUNITIES TO BUILD YOUR BUSINESS.
Withdrawals beginning AT AGE 65 OR LATER Income Options Maximum Annual Withdrawal Amount Protected Income Payment Income Option 1 5.5% (5% Joint Life) 4% Income Option 2 6.5% (6% Joint Life) 3% Income Option 3 5% for life (4.5% for life Joint Life) 5% for life (4.5% for life Joint Life) The Protected Income Payment applies in the event contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s parameters Withdrawals beginning BEFORE AGE 65 Income Options Maximum Annual Withdrawal Amount Protected Income Payment Income Option 1 5% (4.5% Joint Life) 3%* Income Option 2 5% (4.5% Joint Life) 3%* Income Option 3 3.75% for life (3.25% for life Joint Life) 3.75% for life (3.25% for life Joint Life) The Protected Income Payment applies in the event contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s parameters * If withdrawals begin before age 65 and the Income Base increases due to investment gains on a contract anniversary on or after the 65th birthday, the Protected Income Payment will automatically increase to 4% of the Income Base. Contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company. This feature is available at contract issue in select Polaris Variable Annuities and subject to additional fees, age restrictions, investment requirements and limitations. Other protection features and income options are available. Only one income protection feature and income option may be elected. Age at time of first withdrawal is based on age of older individual if the contract is jointly owned for Single Life; age of younger individual for Joint Life. If withdrawals of 6% or more (when eligible) are taken or if withdrawals exceed the feature s parameters in a given year, an income credit will not be available on the next contract anniversary. The Income Base is the amount on which guaranteed withdrawals are based; it is not a liquidation value nor is it available as a lump sum. To realize the benefits of Income Plus, clients must take withdrawals within the feature s parameters. Annual withdrawals of up to the maximum annual withdrawal amount do not reduce the Income Base and the Income Credit Base. Excess withdrawals that reduce the Income Base and the Income Credit Base also reduce the maximum annual withdrawal amount that can be withdrawn under the feature. Depending on the performance of the investment, clients may never need to rely on the protection provided by an optional insurance feature. This feature may not be appropriate for use with contributory IRAs or other tax-qualified plans if clients intend to make ongoing contributions. The initial fee rate is 1.10% Single Life; 1.35% Joint Life, and is guaranteed for one year. After one year, the fee rate will be adjusted quarterly based on a predetermined, non-discretionary formula. Minimum fee rate is 0.60%. Maximum fee rate for the life of the contract is 2.20% Single Life; 2.70% Joint Life. Please see the prospectus for complete details. Important information about the investment requirements Investment requirements apply, including a 20% allocation of the initial and additional purchase payments to the Secure Value Account (SVA), a fixed account with a one-year term. The remainder of purchase payments may be allocated among portfolios that meet the investment requirements of the feature and income option elected. By investing in a fund that is designed to reduce volatility risk, clients may have less risk from market downturns, but may also have less opportunity to benefit from market gains. Please see a prospectus for complete details. 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 the possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. Tax-qualified plans, such as IRAs and 401(k)s, are tax-deferred (and subject to required minimum distributions) regardless of whether or not they are funded with an annuity. All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company. 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. Polaris Variable Annuities are issued by American General Life Insurance Company except in New York, where they are issued by The United States Life Insurance Company in the City of New York. Products are marketed by SunAmerica, The Retirement Specialist. Products and features 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 SunAmerica Capital Services, Inc. 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 MSA120012/ML13-000603 M5167IP6.6 (1/14)