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PolarisVariableAnnuities Polaris Choice IVPolaris Platinum IIIPOLARISFOR THOSE WHO WANT MORE This material must not be distributed without a Polaris product brochure; it cannot be used alone.
Polaris Choice IVBase contractwith Standard Death BenefitMaximum issue age: 85 11.65%²; 50 contract maintenance fee (in NM: 30); currently waived if contract value is 75,000 or more on contract anniversary.Minimum initial investment: 25,000 (Non-Qualified and Qualified); additional: 500(Non-Qualified and Qualified); 100 if Automatic Payment Plan is used.3Professional money managementTotal portfolio operating expenses range from 0.72% to 1.48%4 as of 12/31/14 and1/31/15, respectively.Dollar cost averagingChoose from two Dollar Cost Averaging (DCA) fixed accounts: 6-month or 1-year 5Transfers between variableportfolios15 free transfers per contract year, 25 thereafter (in PA and TX: 10)Automatic asset rebalancingQuarterly, semiannual or annual available. (Quarterly required with income protection feature)Withdrawal charges4-year declining withdrawal charge (applies to each payment): 8-7-6-5-0%.After 4 full years, withdrawal charges no longer apply to a payment.Free withdrawals during thewithdrawal charge periodGreater of: 10% of purchase payments not yet withdrawn each contract year or, if an incomeprotection feature is elected, the maximum annual withdrawal amount. Note: If you are takingyour contract’s Required Minimum Distribution (RMD), any withdrawal charges applicable tosuch withdrawals are currently waived.Systematic withdrawalsMinimum amount: 100. (Available monthly, quarterly, semiannually or annually)Nursing home waiverWaives withdrawal charges for certain withdrawals. (Not available in California)AnnuitizationLatest annuity date: 95th birthday. Upon annuitization, the death benefit will no longer apply.Please contact us prior to your 95th birthday to discuss options.Optional FeaturesIncome Protection—You may choose one income protection featurePolaris Income Plus DailySM77Min. issue age: 45/Max. issue age: 806 Initial: 1.10% Single Life ; 1.35% Joint LifeFee rate is guaranteed for one year. After one year, fee rate will be adjusted quarterly basedPolaris Income Plus on a predetermined, non-discretionary formula.Min. issue age: 45/Max. issue age: 806Minimum annual fee rate is 0.60%. Maximum annual fee rate for the life of the contract isPolaris Income Builder 2.20% for Single Life; 2.70% for Joint Life.Min. issue age: 65/Max. issue age: 806Family Protection—You may choose the following enhanced death benefitMaximum AnniversaryValue Death BenefitMax. issue age: 80 1 0.25%2If jointly owned, age is based on older owner unless otherwise indicated. 2Annualized fee deducted from the average daily ending net asset values allocatedto the variable portfolios. 3Additional purchase payments will not be accepted on or after the 86th birthday. However, if an income protection feature is elected,additional purchase payments will not be accepted on or after the first contract anniversary, regardless of age. 4Deducted from the underlying funds of the applicabletrusts. 5Dollar cost averaging does not ensure a profit or protect against a loss. You should consider your ability to sustain investments during periods of marketdownturns. Any fixed rates paid will be paid on a declining balance. 6Single Life: Age is based on older individual if jointly owned. Joint Life: Age is based on youngerindividual. Please see a prospectus for more detailed information about age requirements. 7Annualized fee calculated as a percentage of the Income Base, deducted1
Polaris Platinum IIIBase contractwith Standard Death BenefitMaximum issue age: 85 11.30%2; 50 contract maintenance fee (in NM: 30); currently waived if contract value is 75,000 or more on contract anniversary.Minimum initial investment: 10,000 (Non-Qualified); 4,000 (Qualified); additional: 500(Non-Qualified and Qualified); 100 if Automatic Payment Plan is used.3Professional money managementTotal portfolio operating expenses range from 0.72% to 1.48%4 as of 12/31/14 and1/31/15, respectively.Dollar cost averagingChoose from two Dollar Cost Averaging (DCA) fixed accounts: 6-month or 1-year 5Transfers between variableportfolios15 free transfers per contract year, 25 thereafter (in PA and TX: 10) Automatic asset rebalancingQuarterly, semiannual or annual available. (Quarterly required with income protection feature)Withdrawal charges7-year declining withdrawal charge (applies to each payment): 8-7-6-5-4-3-2-0%.After 7 full years, withdrawal charges no longer apply to a payment.Free withdrawals during thewithdrawal charge periodGreater of: 10% of purchase payments not yet withdrawn each contract year or, if an incomeprotection feature is elected, the maximum annual withdrawal amount. Note: If you are takingyour contract’s Required Minimum Distribution (RMD), any withdrawal charges applicable tosuch withdrawals are currently waived.Systematic withdrawalsMinimum amount: 100. (Available monthly, quarterly, semiannually or annually)Nursing home waiverWaives withdrawal charges for certain withdrawals. (Not available in California)AnnuitizationLatest annuity date: 95th birthday. Upon annuitization, the death benefit will no longer apply.Please contact us prior to your 95th birthday to discuss options.Optional FeaturesIncome Protection—You may choose one income protection featurePolaris Income Plus DailySM77Min. issue age: 45/Max. issue age: 806 Initial: 1.10% Single Life ; 1.35% Joint LifeFee rate is guaranteed for one year. After one year, fee rate will be adjusted quarterly basedPolaris Income Plus on a predetermined, non-discretionary formula.Min. issue age: 45/Max. issue age: 806Minimum annual fee rate is 0.60%. Maximum annual fee rate for the life of the contract isPolaris Income Builder 2.20% for Single Life; 2.70% for Joint Life.Min. issue age: 65/Max. issue age: 806Family Protection—You may choose the following enhanced death benefitMaximum AnniversaryValue Death BenefitMax. issue age: 80 1 0.25%2from contract value quarterly. (In certain states, this fee will be deducted pro-rata from the variable portfolios only.) The maximum annualized fee rate decrease orincrease is 0.25% each quarter. This means the fee rate can decrease or increase by no more than 0.0625% each quarter (0.25%/4). Please see prospectus for details.Maximum issue age may be lower if certain optional features are selected. Please check with your financial advisor for more information.In New York, Oregon, Texas and Washington, the annual contract administration charge and the fee for Income Builder, Income Plus and Income Plus Daily arededucted from the variable portfolios only.Features may not be available in all states and additional state variations may apply. Please see the prospectus for more information.
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 consideredcarefully before investing. Please contact your insurance-licensed financial advisor or call 1-800-445-7862 toobtain a prospectus. Please read the prospectus carefully before investing.Annuities are long-term investments designed for retirement. Early withdrawals may be subject to withdrawal charges. Partial withdrawals mayreduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subjectto ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in Polaris involves investment risk,including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. The purchase ofPolaris is not required for, and is not a term of, the provision of any banking service or activity.All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying abilityof the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency fromwhich this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-payingability of the issuing insurance company.Polaris Variable Annuities, form number AG-803 (7/13), are issued by American General Life Insurance Company (AGL). In New York,Polaris Variable Annuities, form number US-803 (12/15), are issued by The United States Life Insurance Company in the City of New York(US Life). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997,1-800-445-7862. AGL, US Life and ACS are members of American International Group, Inc. (AIG). 2016 American International Group, Inc. Polaris is a registered trademark. All rights reserved.Not FDIC or NCUA/NCUSIF InsuredMay Lose Value No Bank or Credit Union GuaranteeNot a Deposit Not Insured by any Federal Government AgencyR5562CCN.1 (5/16)aig.com/annuities
PolarisVariableAnnuity POLARISFOR THOSE WHO WANT MORE R5544CON.2 (5/16)Offering Optional Income Protectionwith Polaris Income Plus andPolaris Income Builder
WHEN YOUR GOALS AREPerformanceProtectionStrengthPolaris Variable AnnuityThis material must not be used without a Polaris product summary brochure. Polaris Variable Annuities are soldby prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and otherinformation regarding the contract and underlying funds, which should be considered carefully before investing.Please contact your insurance-licensed financial advisor or call 1-800-445-7862 to obtain a prospectus. Pleaseread the prospectus carefully before investing.A Polaris Variable Annuity is a long-term investment that combines growth potential, protection features for yourfamily and optional retirement income choices. It can help you while you are building assets in the accumulationphase and when you are ready to draw upon those assets during the income phase. Annuities are insurance productswhose gains accumulate tax-deferred and are taxed as ordinary income when withdrawn. Withdrawals of taxableamounts are subject to ordinary income tax and if taken before age 59½, an additional 10% federal tax may apply.Contract and optional benefit guarantees are backed by the financial strength and claims-paying ability ofthe issuing insurance company. Polaris Variable Annuities are issued by American General Life InsuranceCompany (American General Life) except in New York, where they are issued by The United States LifeInsurance Company in the City of New York (US Life).Not FDIC or NCUA/NCUSIF InsuredMay Lose Value No Bank or Credit Union GuaranteeNot a Deposit Not Insured by any Federal Government Agency2R5544CON.2 (5/16)
PolarisVARIABLE ANNUITYIt all begins with you.Planning today for the comfortable retirement you wanttomorrow usually starts with these three priorities:1 Plan for a long retirement2 Maintain your lifestyle3 Participate in market gains, while helping to reduce riskAddress all three, and you may have the foundation for a solid retirement plan.Sound overwhelming? It doesn’t have to be. A Polaris Variable Annuity canhelp you secure lifetime income for your retirement—wherever it takes you.With Polaris, you and your insurance-licensed financial advisor can designa customized income solution for a portion of your retirement portfolio.CONTENTSRETIREMENT PRIORITIES2POLARIS INCOME PLUS7POLARIS INCOME BUILDER14INVESTMENT OPTIONS16FAMILY PROTECTION231R5544CON.2 (5/16)
Today’s Prioritiesfor Retirement1 Plan for a long retirement 2 Maintain your lifestyleRetirement may last longer than you think. With manyAmericans retiring in their early 60s, it’s easy to seehow retirement can last for 30 years or more.Consider the probability of how long a couple,both age 65, may live:50% chance that at least one spousewill live to age 9325% chance that one spouseWith inflation, retirement may also cost morethan you think.Over the past 80 years, inflation has averaged about3.62% annually. And while that may not seem like alot, over time, the impact of even moderate inflationcan be dramatic. Assuming the same rate of inflationexperienced over the past 30 years—approximately2.6%—potential expenses could more than doubleover the next 30 years!Hypothetical expenseswill live to age 97Source: Society of Actuaries 2012 Individual AnnuitantMortality Tables. Assumes a couple, both age 65. 129,970(if historyrepeats itself) 60,0002016Source: Wilshire Compass, 2016.2R5544CON.2 (5/16)2046
PolarisVARIABLE ANNUITY3 Participate in potential gains, while reducing downside riskStocks historically have outperformed other types ofinvestments over long periods of time. Of course, pastperformance is not a guarantee of future performance.1Growth of a 1 Investment, 1986–2015While the long-term trend of the stock market has beenpositive, there have been periods of significant pricedeclines, such as the market downturn in 2008, whichcan come at the wrong time for your retirement.Market volatility is to be expected over time.That’s why it’s important to look for ways to reducedownside risk. 19Stock Market Volatility Since 190021/2/1900–12/31/2015 7 3T-BillsBondsDipsCorrectionsBear Markets(5% or more)(10% or more)(20% or more)391124323.4per year 31.1per year 3Once every3.6 years3StocksYour financial advisor can help youaddress today’s retirement prioritiesas you plan for your retirement.The chart above is hypothetical and for illustrative purposes only and does not represent any particular investment. Performance illustrated isnot indicative of future results. Performance for specific investments is available from your financial advisor. Your financial advisor can help youdetermine what type of investments may be appropriate for you.Source: Wilshire Compass, 2016. T-Bills are represented by the T-Bill Index. Bonds are represented by the US Core Bond Index. Stocks arerepresented by the US Large Cap Core Stocks Index. The T-Bill Index, US Core Bond Index and the US Large Cap Core Stocks Index area proxy of the treasury bill market, bond market and equity market. The indices have been constructed by Wilshire with data from varioussources to provide a historical track record. T-Bills and government bonds are subject to interest rate risk, but they are backed by the full faithand credit of the U.S. Government if held to maturity. The repayment of principal and interest of a corporate bond is guaranteed by the issuingcompany, and subject to default, credit and interest rate risk. Stocks are subject to risk, including stock market fluctuation. Keep in mind, youcannot invest directly in an index; indexes are unmanaged.2Source: Ned Davis Research, Inc., based on Dow Jones Industrial Average, daily closes.3Average for period shown.1R5544CON.2 (5/16)3
Key Questionsto ConsiderHow will your income needs changein retirement?When it comes to planning for retirement income, it’s often assumed that expenses willremain the same throughout retirement—or possibly even rise due to inflation. However,research shows that overall expenditures actually decline throughout retirement, so youmay need the most income early in retirement—and less later on.As you can see illustrated in this table, total expenditures for those age 75 are 35% lessthan those age 55-64.Total annual expenditures by ageAge55-64Age65-74Age75 Annual Spending 56,267 48,885% Change55–75 36,673 1,789 1,417 683-62%Entertainment2,8522,9881,626-43%Food & 8 ,091-45%Miscellaneous & Other4,9864,4304,582-8%Personal Insurance & Other7,0983,1601,040-85% 56,267 48,885 36,673-35%Apparel & ServicesHousingTotal ExpendituresSource: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Expenditure Survey, September 20154R5544CON.2 (5/16)
PolarisVARIABLE ANNUITYWhat if you retire at the “wrong” time?When planning for your retirement income, it’s important to consider the order in which youencounter positive and negative investment returns, also known as the “sequence of returns.”During the accumulation years, when income is not being withdrawn, the sequence of returnshas no impact on ending values over time. For example, if an investor with a 100,000investment earned an average return of 4.9%* over an accumulation period of 10 years,it makes no difference whether strong returns or negative returns are encountered early on.The ending value would be 140,146 in either case.However, once you begin taking withdrawals from your investment, the sequence of returnscan have a long lasting impact on one’s ability to draw income down the road. In the examplebelow, the average return over ten years for both investors is 4.9%.* But when 5,000 iswithdrawn each year from an initial investment of 100,000, the investor who experiencednegative returns in the early years of retirement was left with 58,419 after 10 years. That’s 38,631 or 40% less than the investor who encountered strong returns in the early years ofretirement and had 97,050 after 10 years.The Sequence of Returns MattersYearInvestor A: Experiences Early GainsInvestor B: Experiences Early LossesReturn 100,000WithdrawalReturn 100,000Withdrawal127% 122,000 5,0002% 97,000 5,000216% 136,520 5,000-29% 63,870 5,000321% 160,189 5,000-14% 49,928 5,0004-10% 139,170 5,00017% 53,416 5,00058% 145,304 5,00011% 54,292 5,000611% 156,287 5,0008% 53,635 5,000717% 177,856 5,000-10% 43,272 5,0008-14% 147,956 5,00021% 47,359 5,0009-29% 100,049 5,00016% 49,936 5,000102% 97,050 5,00027% 58,419 5,000Average Return4.9%*Average Return4.9%**Note: Return shown is the arithmetic average return.The above illustrations are hypothetical. They are not intended to be indicative of the performance of a specific investment option. Theexamples above do not take into consideration any annual fees or taxes, which if shown, would lower results illustrated. Performanceillustrated is not indicative of future results.R5544CON.2 (5/16)5
Protect YourRetirement IncomeChoose an optional income protection featureIf you’re concerned about market volatility impacting your retirement income, consider anoptional income protection feature. Polaris offers you a choice of income protection featuresthat are available for an additional annual fee and designed to help you grow and protect yourretirement income—no matter how the market performs. Polaris Income Plus (issue ages 45–80) Polaris Income Builder (issue ages 65–80) Polaris Income Plus and Polaris Income Builder offer you the opportunity to participate in potentialmarket gains with the assurance of guaranteed lifetime income that is protected from marketvolatility. While you’re accumulating money for retirement, these features offer you the opportunityto receive an income credit to your Income Base for future income. When you’re ready to retire,you can count on a guaranteed income stream for as long as you—or you and your spouse—live.Polaris income protection features must be elected at the time of purchase and, once elected, maynot be changed. You may choose only one income protection feature. If you elect Income Plus orIncome Builder, certain investment requirements apply. Please see page 17 for more information.As an alternative to an optional income protection feature, you can annuitize your contract andreceive income payments for life at no additional cost. Contract and optional benefit guaranteesare backed by the claims-paying ability of the issuing insurance company.Please note, in certain states and firms, an additional income protection feature with differentparameters may be available. Check with your financial advisor for more information.Is your retirement income
which this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurance company. Polaris Variable Annuities, form number AG-803 (7/13), are
