A single premium fixed annuity with multi-year guarantees (MYG).
If you’re interested in a conservative, flexible addition to your retirement savings, the American Pathway SolutionsMYG can help balance stability and choice with an opportunity to grow your annuity value over time – and convert it to income in the future.
Help reduce uncertainty with the ability to earn a guaranteed initial interest rate for the term selected. Get started without any up-front sales charges or administrative fees.
Choose an income option that provides a guaranteed income stream for life.1
1?Annuitization (the process of permanently converting the fixed annuity into a series of fixed payments) offers options that provide guaranteed lifetime payments.
After the first contract year, 15 percent of the previous anniversary annuity value may be withdrawn annually with no market value adjustment (MVA) or withdrawal charge applied.
Also, there is a 30-day window at the end of the guaranteed rate period to make a full or partial withdrawal without an MVA or withdrawal charge. Once the 30-day window expires, withdrawal charges will resume and will apply to any withdrawals in excess of penalty-free amounts that are made during the 10 years (seven years in New York) following the contract date.
Choose from initial guaranteed interest rate periods of five, six, seven or 10 years. (10-year option not available in New York.)2
At the end of the initial interest rate guarantee period, 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 your contract or applicable endorsement(s). The minimum guaranteed interest rate applicable during the withdrawal charge period may be higher than the guaranteed minimum rate applicable in subsequent years.
A market value adjustment applies during the initial guarantee rate period only. The MVA is an adjustment that can either increase or decrease the withdrawal amount depending on the current interest rate environment. When interest rates at the time of withdrawal are higher than the level at the time the contract was issued, the MVA will result in a decrease. If interest rates are down, the MVA will increase the withdrawal amount. MVA does not apply to withdrawals representing penalty-free withdrawal amounts, RMDs, annuitization or death benefit. An external index referenced in your contract is used to measure rates.
2Depending on market conditions, some guaranteed rate periods may not be available at all times. Please check with your licensed financial professional for availability.
Protection. Stability. Flexibility. See how the American Pathway SolutionsMYG Fixed Annuity can help customize your retirement solution.
Ask your financial professional for more information about annuity solutions that can help you establish a reliable retirement income source.
Annuities are long-term retirement saving vehicles.
Annuities 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).
Products and riders may vary by state or may not be available in all states.
The above insurance companies are members of American International Group, Inc. Contract and optional guarantees are backed by the claims-paying ability of the issuing insurance company.
"AIG" is a marketing name for products issued by AGL and US Life.
This information is general in nature, may be subject to change and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For advice concerning your situation, consult your professional attorney, tax advisor or accountant.
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.