With Assured Edge Income Builder, it’s easy to generate predictable retirement income—for life.
Contracts issued in all states except New York: Results are hypothetical. They assume the current income percentage and income growth rate, which are set periodically by the company and may be different than what is shown at contract issue. Once issued, the income growth rate is guaranteed not to change, however the income percentage will be adjusted, resulting in a recalculation of your potential annual income if a change in covered person(s) occurs prior to or at the income activation date.
Contracts issued in New York only: Results are hypothetical. They assume the current initial income percentage and annual income percentage increase, which are set periodically by the company and may be different than what is shown at contract issue. Once issued, these values are guaranteed not to change. Your income percentage at income activation is applied to contract value to determine the guaranteed lifetime income. The contract value is based on the initial seven-year guaranteed interest rate. After seven years, a renewal rate will be declared annually and guaranteed for one year. The rate will not be less than the guaranteed minimum interest rate specified in the contract.
Calculations assume no withdrawals are taken prior to electing to begin income withdrawals.
A fixed annuity is a contract between you and an insurance company that, in exchange for your premium (earning a fixed rate of interest), offers a stream of guaranteed income payments.
Annuities are long-term products designed for retirement.
Retirement accounts such as IRAs can be tax deferred regardless of whether or not they are funded with an annuity. The purchase of an annuity within an IRA does not provide additional tax-deferred treatment of earnings. However, annuities do provide other features and benefits.
Withdrawals may be subject to federal and/or state income taxes. A 10% federal early withdrawal tax penalty may apply if taken before age 59½ in addition to ordinary income tax. Partial withdrawals may reduce benefits and contract value.
This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting or tax advice, nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice consult the appropriate professional.
Annuities issued by American General Life Insurance Company (AGL), Houston, TX., except in New York where issued by The United States Life Insurance Company in the City of New York (US Life). Issuing companies AGL and US Life are responsible for financial obligations of insurance products and are members of American International Group, Inc. (AIG). Guarantees are backed by the claims-paying ability of the issuing insurance company. AGL does not issue products in the state of New York.
May not be available in all states and product features may vary by state. Please refer to the contract.
F6247IB (02/2021) J580203
|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