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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 10/08/20 Var Annuity Life Ins Co Sep Ac… A 485BPOS 10/13/20 2:4.2M Donnelley … Solutions/FA → Variable Annuity Life Insurance Co. Separate Account A ⇒ VALIC Polaris Platinum Elite VA (333-201800) |
Document/Exhibit Description Pages Size 1: 485BPOS Post-Effective Amendment of a Form N-1 or N-1A HTML 1.42M Registration 2: EX-99.10 Miscellaneous Exhibit HTML 5K
485BPOS |
Pre-Effective Amendment No. | [ ] |
Post-Effective Amendment No. 20 | [X] |
Amendment No. 278 | [X] |
Item
Number in Form N-4 |
Caption | ||
1. |
Cover
Page |
Cover Page | |
2. |
Definitions |
Glossary | |
3. |
Synopsis |
Highlights; Fee Table; Maximum and Minimum Expense Examples; The Polaris Platinum Elite Variable Annuity; Purchasing a Polaris Platinum Elite Variable Annuity | |
4. |
Condensed Financial
Information |
Appendix - Condensed Financial Information | |
5. |
General Description of Registrant, Depositor and Portfolio
Companies |
Other Information; Investment Options | |
6. |
Deductions |
Fee Table; Expenses | |
7. |
General Description of Variable Annuity
Contracts |
The Polaris Platinum Elite Variable Annuity; Purchasing a Polaris Platinum Elite Variable Annuity; Investment Options | |
8. |
Annuity
Period |
Annuity Income Options | |
9. |
Death
Benefit |
Death Benefits | |
10. |
Purchases and Contract
Value |
Purchasing
a Polaris Platinum Elite Variable Annuity; Access to Your Money | |
11. |
Redemptions |
Access To Your Money | |
12. |
Taxes |
Taxes | |
13. |
Legal
Proceedings |
Other Information | |
14. |
Table of Contents of Statement of Additional
Information |
Contents
of Statement of Additional Information |
SUPPLEMENT TO THE VARIABLE ANNUITY PROSPECTUS DATED OCTOBER 13, 2020
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
VALIC SEPARATE ACCOUNT A
Polaris Platinum Elite Variable Annuity
This Rate Sheet Prospectus Supplement (“Rate Sheet Supplement”) does not apply if you do not elect a living benefit feature.
This Rate Sheet Supplement provides the Income Credit Percentage, Maximum Annual Withdrawal Percentages and Protected Income Payment Percentages effective on or after October 13, 2020. This Rate Sheet Supplement must be used in conjunction with the Prospectus dated October 13, 2020. If you need another copy of the Prospectus, please call our Annuity Service Center at (800) 445-7862 or visit our website at www.aig.com/ProductProspectuses. All Rate Sheet Supplements are filed with the Securities and Exchange Commission and are available on the EDGAR system at www.sec.gov, file number 333-201800.
The rates and percentages listed below apply to applications signed on or after October 13, 2020. In order to get these terms, your application must be signed and in good order while this Rate Sheet Supplement is in effect. If you sign your application after this Rate Sheet Supplement is no longer in effect, you will receive the terms that are in effect on the date that your application is signed in good order. After your contract is issued, the percentages and terms listed below are guaranteed not to change for the life of your contract.
The percentages listed in this Rate Sheet Prospectus Supplement can be superseded at any time. At least 10 days before we change the current terms for the next effective period, the new terms and effective period will be filed in a new Rate Sheet Supplement on EDGAR at www.sec.gov, file number 333-201800.
POLARIS INCOME MAX
Income Credit Percentage
The Income Credit Percentage is 5.25% (as a percentage of the Income Credit Base).
Maximum Annual Withdrawal Percentage and Protected Income Percentage Table
The first percentage represents the Maximum Annual Withdrawal Percentage (as defined in the Glossary of Living Benefit Terms in the prospectus) and the second percentage represents the Protected Income Payment Percentage (as defined in the Glossary of Living Benefit Terms in the prospectus) for each of the options shown:
Number of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris Income Max Income Option 1 |
Polaris Income Max Income Option 2 |
Polaris Income Max Income Option 3 | |||||||||
Maximum Annual Withdrawal Percentage |
Protected Payment Income Percentage |
Maximum Annual Withdrawal Percentage |
Protected Payment Income Percentage |
Maximum Annual Withdrawal Percentage |
Protected Payment Income Percentage | |||||||
One Covered Person (Age 50 - 59) |
3.75% | 3.00%(2) | 4.00% | 3.00%(2) | 3.00% | 3.00% | ||||||
One Covered Person (Age 60 - 64) |
4.75% | 3.00%(2) | 5.00% | 3.00%(2) | 3.50% | 3.50% | ||||||
One Covered Person (Age 65 - 71) |
6.25% | 4.00% | 7.50% | 3.00% | 5.00% | 5.00% | ||||||
One Covered Person (Age 72 and Older) |
6.75% | 4.00% | 8.00% | 3.00% | 5.25% | 5.25% | ||||||
Two Covered Persons (Age 50 - 59) |
3.25% | 3.00%(3) | 3.50% | 3.00%(3) | 2.75% | 2.75% | ||||||
Two Covered Persons (Age 60 - 64) |
4.25% | 3.00%(3) | 4.50% | 3.00%(3) | 3.25% | 3.25% | ||||||
Two Covered Persons (Age 65 - 71) |
5.75% | 4.00% | 7.00% | 3.00% | 4.50% | 4.50% | ||||||
Two Covered Persons (Age 72 and Older) |
6.25% | 4.00% | 7.50% | 3.00% | 4.75% | 4.75% |
(1) | If there are Two Covered Persons, the age on the Activation Date is based on the age of the younger of the Two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the younger Covered Person’s 65th birthday. |
Page 1 of 2
POLARIS INCOME PLUS DAILY FLEX
Maximum Annual Withdrawal Percentage and Protected Income Percentage Table
The first percentage represents the Maximum Annual Withdrawal Percentage (as defined in the Glossary of Living Benefit Terms in the prospectus) and the second percentage represents the Protected Income Payment Percentage (as defined in the Glossary of Living Benefit Terms in the prospectus) for each of the options shown:
Number of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris Income Plus Daily Flex Income Option 1 |
Polaris Income Plus Daily Flex Income Option 2 |
Polaris Income Plus Daily Flex Income Option 3 | |||||||||
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage | |||||||
One Covered Person (Age 45 - 59) |
3.25% | 2.75%(2) | 3.25% | 2.75%(2) | 2.50% | 2.50% | ||||||
One Covered Person (Age 60 - 64) |
4.25% | 2.75%(2) | 4.25% | 2.75%(2) | 3.00% | 3.00% | ||||||
One Covered Person (Age 65 - 71) |
6.00% | 4.00% | 7.00% | 3.00% | 4.75% | 4.75% | ||||||
One Covered Person (Age 72 and Older) |
6.50% | 4.00% | 7.50% | 3.00% | 5.00% | 5.00% | ||||||
Two Covered Persons (Age 45 - 59) |
2.75% | 2.75%(3) | 2.75% | 2.75%(3) | 2.25% | 2.25% | ||||||
Two Covered Persons (Age 60 - 64) |
3.75% | 2.75%(3) | 3.75% | 2.75%(3) | 2.75% | 2.75% | ||||||
Two Covered Persons (Age 65 - 71) |
5.50% | 4.00% | 6.50% | 3.00% | 4.25% | 4.25% | ||||||
Two Covered Persons (Age 72 and Older) |
6.00% | 4.00% | 7.00% | 3.00% | 4.50% | 4.50% |
(1) | If there are Two Covered Persons, the age on the Activation Date is based on the age of the younger of the Two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
Dated: October 13, 2020
Please keep this Supplement with your Prospectus
Page 2 of 2
UNDERLYING FUNDS: | Managed by: |
Franklin Allocation VIP Fund | Franklin Templeton Services, LLC |
Franklin Income VIP Fund | Franklin Advisers, Inc. |
Goldman Sachs VIT Government Money Market Fund§ | Goldman Sachs Asset Management, L.P. |
Invesco V.I. American Franchise Fund | Invesco Advisers, Inc. |
Invesco V.I. Comstock Fund | Invesco Advisers, Inc. |
Invesco V.I. Growth and Income Fund | Invesco Advisers, Inc. |
Lord Abbett Growth and Income Portfolio | Lord, Abbett & Co. LLC |
PIMCO Emerging Markets Bond Portfolio | Pacific Investment Management Company |
PIMCO Total Return Portfolio§ | Pacific Investment Management Company |
SA AB Growth Portfolio | AllianceBernstein L.P. |
SA AB Small & Mid Cap Value Portfolio | AllianceBernstein L.P. |
SA Allocation Balanced Portfolio | SunAmerica Asset Management, LLC |
SA Allocation Growth Portfolio | SunAmerica Asset Management, LLC |
UNDERLYING FUNDS: | Managed by: |
SA Allocation Moderate Growth Portfolio | SunAmerica Asset Management, LLC |
SA Allocation Moderate Portfolio | SunAmerica Asset Management, LLC |
SA American Funds Asset Allocation Portfolio | Capital Research and Management Company* |
SA American Funds Global Growth Portfolio | Capital Research and Management Company* |
SA American Funds Growth Portfolio | Capital Research and Management Company* |
SA American Funds Growth-Income Portfolio | Capital Research and Management Company* |
SA American Funds VCP Managed Allocation Portfolio§ | Capital Research and Management Company* |
SA BlackRock Multi-Factor 70/30 Portfolio | BlackRock Investment Management, LLC |
SA BlackRock VCP Global Multi Asset Portfolio§ | BlackRock Investment Management, LLC |
SA Columbia Technology Portfolio | Columbia Management Investment Advisers, LLC |
SA DFA Ultra Short Bond Portfolio§ | Dimensional Fund Advisors LP |
SA Dogs of Wall Street Portfolio | SunAmerica Asset Management, LLC |
SA Emerging Markets Equity Index Portfolio | SunAmerica Asset Management, LLC |
SA Federated Hermes Corporate Bond Portfolio§ | Federated Investment Management Company |
SA Fidelity Institutional AM® International Growth Portfolio | FIAM LLC |
SA Fidelity Institutional AM® Real Estate Portfolio | FIAM LLC |
SA Fixed Income Index Portfolio§ | SunAmerica Asset Management, LLC |
SA Fixed Income Intermediate Index Portfolio§ | SunAmerica Asset Management, LLC |
SA Franklin Small Company Value Portfolio | Franklin Mutual Advisers, LLC |
SA Franklin U.S. Equity Smart Beta Portfolio | Franklin Advisers, Inc. |
SA Global Index Allocation 60/40 Portfolio | SunAmerica Asset Management, LLC |
SA Global Index Allocation 75/25 Portfolio | SunAmerica Asset Management, LLC |
SA Global Index Allocation 90/10 Portfolio | SunAmerica Asset Management, LLC |
SA Goldman Sachs Global Bond Portfolio§ | Goldman Sachs Asset Management International |
SA Goldman Sachs Multi-Asset Insights Portfolio | Goldman Sachs Asset Management, L.P. |
SA Index Allocation 60/40 Portfolio | SunAmerica Asset Management, LLC |
SA Index Allocation 80/20 Portfolio | SunAmerica Asset Management, LLC |
SA Index Allocation 90/10 Portfolio | SunAmerica Asset Management, LLC |
SA International Index Portfolio | SunAmerica Asset Management, LLC |
SA Invesco Growth Opportunities Portfolio | Invesco Advisers, Inc. |
SA Invesco Main Street Large Cap Portfolio1 | Invesco Advisers, Inc. |
SA Invesco VCP Equity-Income Portfolio§ | Invesco Advisers, Inc. |
SA Janus Focused Growth Portfolio | Janus Capital Management, LLC |
SA JPMorgan Diversified Balanced Portfolio | J.P. Morgan Investment Management Inc. |
SA JPMorgan Emerging Markets Portfolio | J.P. Morgan Investment Management Inc. |
SA JPMorgan Equity-Income Portfolio | J.P. Morgan Investment Management Inc. |
SA JPMorgan Global Equities Portfolio | J.P. Morgan Investment Management Inc. |
SA JPMorgan MFS Core Bond Portfolio§ | J.P. Morgan Investment Management Inc. and Massachusetts Financial Services Company |
SA JPMorgan Mid-Cap Growth Portfolio | J.P. Morgan Investment Management Inc. |
SA Large Cap Growth Index Portfolio | SunAmerica Asset Management, LLC |
SA Large Cap Index Portfolio | SunAmerica Asset Management, LLC |
SA Large Cap Value Index Portfolio | SunAmerica Asset Management, LLC |
SA Legg Mason BW Large Cap Value Portfolio | Brandywine Global Investment Management, LLC |
SA Legg Mason Tactical Opportunities Portfolio | QS Investors, LLC |
SA MFS Blue Chip Growth Portfolio | Massachusetts Financial Services Company |
SA MFS Massachusetts Investors Trust Portfolio | Massachusetts Financial Services Company |
SA MFS Total Return Portfolio | Massachusetts Financial Services Company |
SA Mid Cap Index Portfolio | SunAmerica Asset Management, LLC |
SA Morgan Stanley International Equities Portfolio | Morgan Stanley Investment Management Inc. |
SA PGI Asset Allocation Portfolio | Principal Global Investors, LLC |
SA PIMCO VCP Tactical Balanced Portfolio§ | Pacific Investment Management Company LLC |
SA PineBridge High-Yield Bond Portfolio | PineBridge Investments LLC |
SA Putnam Asset Allocation Diversified Growth Portfolio | Putnam Investment Management, LLC |
SA Putnam International Growth and Income Portfolio | Putnam Investment Management, LLC |
SA Schroders VCP Global Allocation Portfolio§ | Schroder Investment Management North America Inc. |
SA Small Cap Index Portfolio | SunAmerica Asset Management, LLC |
SA T. Rowe Price Asset Allocation Growth Portfolio | T. Rowe Price Associates, Inc. |
SA T. Rowe Price VCP Balanced Portfolio§ | T. Rowe Price Associates, Inc. |
SA Templeton Foreign Value Portfolio | Templeton Investment Counsel, LLC |
SA VCP Dynamic Allocation Portfolio§ | SunAmerica Asset Management, LLC and AllianceBernstein L.P. |
SA VCP Dynamic Strategy Portfolio§ | SunAmerica Asset Management, LLC and AllianceBernstein L.P. |
UNDERLYING FUNDS: | Managed by: |
SA VCP Index Allocation Portfolio§ | SunAmerica Asset Management, LLC and T. Rowe Price Associates, Inc. |
SA Wellington Capital Appreciation Portfolio | Wellington Management Company LLP |
SA Wellington Government and Quality Bond Portfolio§ | Wellington Management Company LLP |
SA Wellington Real Return Portfolio§ | Wellington Management Company LLP |
SA Wellington Strategic Multi-Asset Portfolio | Wellington Management Company LLP |
SA WellsCap Aggressive Growth Portfolio | Wells Capital Management Incorporated |
1 | On or about October 13, 2020, SA Oppenheimer Main Street Large Cap Portfolio changed its name to SA Invesco Main Street Large Cap Portfolio. |
§ | These Underlying Funds are the only available investment options for the Polaris Income Max Living Benefit. |
* | Capital Research and Management Company manages the corresponding Master Fund (defined under GLOSSARY below) in which the Underlying Fund invests. The investment advisor of the Feeder Funds is SAAMCo. |
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H-1 |
Appendix I – Death Benefits Following Spousal Continuation between May 1, 2017 and September 8,
2019 |
I-1 |
Maximum Withdrawal Charges (See Withdrawal Charge Schedule below for detail) | 8% |
Transfer Fee1 (Per transfer after 15 transfers in any contract year) | $25 |
Premium Tax2 | 3.5% |
Years Since Receipt of Purchase Payments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
Contract
Maintenance Fee (The contract maintenance fee is assessed annually and may be waived if contract value is $75,000 or more.) |
$50 |
Separate
Account Charges3 (Deducted from the average daily ending net asset value allocated to the Variable Portfolios) |
1.15% |
Return of Purchase Payment | 0.15% |
Maximum Anniversary Value | 0.40% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.25% | 2.50% |
Two Covered Persons | 1.25% | 2.50% |
Lifetime Income Option Change Fee6 | 0.25% |
Minimum 7 | Maximum 8 | |
Expenses include management fees, other expenses and 12b-1 fees, if applicable. | 0.46% | 2.11% |
Number of Covered Persons | Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 0.60% | ±0.40% |
Two Covered Persons | 0.60% | ±0.40% |
* | The fee rate can increase or decrease no more than 0.10% each quarter (0.40%/ 4). If you change your Income Option election on the Activation Date, the quarterly fee rate can increase no more than 0.1625% [(0.40% + 0.25%)/ 4] for the first Benefit Quarter immediately following the Activation Date. |
Maximum Withdrawal Charges (See Withdrawal Charge Schedule below for detail) | 8% |
Transfer Fee1 (Per transfer after 15 transfers in any contract year) | $25 |
Premium Tax2 | 3.5% |
Years Since Receipt of Purchase Payments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
Contract
Maintenance Fee (The contract maintenance fee is assessed annually and may be waived if contract value is $75,000 or more.) |
$50 |
Separate
Account Charges3 (Deducted from the average daily ending net asset value allocated to the Variable Portfolios) |
1.15% |
Return of Purchase Payment | 0.15% |
Maximum Anniversary Value | 0.40% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.00% | 2.50% |
Two Covered Persons | 1.25% | 2.50% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.15% | 2.50% |
Two Covered Persons | 1.35% | 2.50% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.25% | 2.50% |
Two Covered Persons | 1.25% | 2.50% |
Lifetime Income Option Change Fee6 | 0.25% |
Minimum 6 | Maximum 7 | |
Expenses include management fees, other expenses and 12b-1 fees, if applicable. | 0.46% | 2.11% |
Number of Covered Persons | Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 0.60% | ±0.40% |
Two Covered Persons | 0.60% | ±0.40% |
* | The fee rate can increase or decrease no more than 0.10% each quarter (0.40%/ 4). For Polaris Income Plus Flex and Polaris Income Plus Daily Flex only, if you change your Income Option election on the Activation Date, the quarterly fee rate can increase no more than 0.1625%[(0.40% + 0.25%)/4] for the first Benefit Quarter immediately following the Activation Date. |
Maximum Withdrawal Charges (See Withdrawal Charge Schedule below for detail) | 8% |
Transfer Fee1 (Per transfer after 15 transfers in any contract year) | $25 |
Premium Tax2 | 3.5% |
Years Since Receipt of Purchase Payments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
Contract
Maintenance Fee (The contract maintenance fee is assessed annually and may be waived if contract value is $75,000 or more.) |
$50 |
Separate
Account Charges3 (Deducted from the average daily ending net asset value allocated to the Variable Portfolios) |
1.15% |
Return of Purchase Payment | 0.15% |
Maximum Anniversary Value | 0.40% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.00% | 2.20% |
Two Covered Persons | 1.35% | 2.70% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.25% | 2.20% |
Two Covered Persons | 1.45% | 2.70% |
Minimum 6 | Maximum 7 | |
Expenses include management fees, other expenses and 12b-1 fees, if applicable. | 0.46% | 2.11% |
Number of Covered Persons | Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 0.60% | ±0.25% |
Two Covered Persons | 0.60% | ±0.25% |
* | The fee rate can increase or decrease no more than 0.0625% each quarter (0.25%/ 4). |
Maximum Withdrawal Charges (See Withdrawal Charge Schedule below for detail) | 8% |
Transfer Fee1 (Per transfer after 15 transfers in any contract year) | $25 |
Premium Tax2 | 3.5% |
Years Since Receipt of Purchase Payments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
Contract
Maintenance Fee (The contract maintenance fee is assessed annually and may be waived if contract value is $75,000 or more.) |
$50 |
Separate
Account Charges3 (Deducted from the average daily ending net asset value allocated to the Variable Portfolios) |
1.30% |
Maximum Anniversary Value | 0.25% |
Initial Fee5 | Maximum Fee5 | |
One Covered Person | 1.10% | 2.20% |
Two Covered Persons | 1.35% | 2.70% |
Minimum 6 | Maximum 7 | |
Expenses include management fees, other expenses and 12b-1 fees, if applicable. | 0.46% | 2.11% |
Number of Covered Persons | Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 0.60% | ±0.25% |
Two Covered Persons | 0.60% | ±0.25% |
* | The fee rate can increase or decrease no more than 0.0625% each quarter (0.25%/ 4). |
(1) | If you surrender your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$1,303 | $2,343 | $3,351 | $5,838 |
(2) | If you do not surrender or if you annuitize your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$503 | $1,743 | $2,951 | $5,838 |
(1) | If you surrender your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$966 | $1,120 | $1,299 | $1,963 |
(2) | If you do not surrender or if you annuitize your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$166 | $520 | $899 | $1,963 |
(1) | If you surrender your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$1,184 | $2,226 | $3,237 | $5,740 |
(2) | If you do not surrender or if you annuitize your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$384 | $1,626 | $2,837 | $5,740 |
(1) | If you surrender your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$966 | $1,120 | $1,299 | $1,963 |
(2) | If you do not surrender or if you annuitize your contract at the end of the applicable time period: |
1 year | 3 years | 5 years | 10 years | |||
$166 | $520 | $899 | $1,963 |
1. | We converted the contract maintenance fee to a percentage (0.05%). The actual impact of the contract maintenance fee may differ from this percentage and may be waived for contract values of $75,000 or more. Additional information on the Underlying Fund fees can be found in the Trust prospectuses. |
2. | In addition to the stated assumptions, the Expense Examples also assume that no transfer fees were imposed. Although premium taxes may apply in certain states, they are not reflected in the Expense Examples. |
3. | If you elected other optional features, your expenses would be lower than those shown in the Maximum Expense Examples. The first Maximum Expense Example assumes that the Income Base which is used to calculate the Polaris Income Plus Daily fee equals contract value, that no withdrawals are taken during the stated period, there are two Covered Persons and that the annual maximum fee rate of 2.70% has been reached after the |
first year. The second Maximum Expense Example assumes that the Income Base which is used to calculate the Polaris Income Plus Daily Flex fee equals contract value, that no withdrawals are taken during the stated period, there are two Covered Persons and that the annual maximum fee rate of 2.50% has been reached after the first year. | |
4. | If you elected optional features, you do not pay fees for optional features once you begin the Income Phase (annuitize your contract); therefore, your expenses will be lower than those shown here. Please see ANNUITY INCOME OPTIONS below. |
* | If you are considering funding a tax-qualified retirement plan (e.g., IRAs, 401(k) or 403(b) plans) with an annuity, you should know that an annuity does not provide any additional tax deferral treatment of earnings beyond the treatment provided by the tax-qualified retirement plan itself. However, annuities do provide other insurance features and benefits, which may be valuable to you. You should fully discuss this decision with your financial representative. |
Without Optional Benefits | With Optional Living Benefit |
With Optional Maximum Anniversary Death Benefit |
85 | 80* | 80 |
* | If a second Covered Person is added or if one of the original Covered Persons is changed to a different Covered Person, the second Covered Person must meet the above age requirements at the time of addition. Please see OPTIONAL LIVING BENEFITS. |
• | Estate planning, |
• | Tax consequences, and |
• | The propriety of this contract as an investment consistent with a non-natural Owner’s organizational documentation. |
• | Your rights and those of any other person with rights under this contract will be subject to the assignment. |
• | We are not responsible for the validity, tax or other legal consequences of any assignment. |
• | An assignment will not affect any payments we may make or actions we may take before we receive notice of the assignment. |
Minimum
Initial Purchase Payment |
Minimum
Subsequent Purchase Payment |
Minimum
Automatic Subsequent Purchase Payment | |
Qualified (1) | $4,000 | $500 | $100 |
Non-Qualified (1) | $10,000 | $500 | $100 |
(1) | These amounts depend upon whether a contract is Qualified or Non-Qualified for tax purposes. For further explanation, please see TAXES. |
Without Optional Benefits | With Optional Living Benefit |
With Optional Maximum Anniversary Death Benefit |
86 | 81 | 81 |
• | For contracts owned by a non-natural Owner, we reserve the right to require prior Company approval to accept any Purchase Payment. |
• | Purchase Payments that would cause total Purchase Payments in all contracts issued by VALIC, American General Life Insurance Company (“AGL”) and/or The United States Life Insurance Company in the City of New York (“US Life”) to the same Owner and/or Annuitant to exceed the Purchase Payments Limit may also be subject to Company pre-approval. |
• | An initial Purchase Payment is received by us in Good Order before Market Close, the Purchase Payment will be priced within two NYSE business days after it is received. |
1. | dividing the net asset value per share of the Underlying Fund at the end of the current NYSE business day, plus any dividend or capital gains per share declared on behalf of the Underlying Fund as of that day, by the net asset value per share of the Underlying Fund for the previous NYSE business day; and |
2. | multiplying it by one minus all applicable daily asset based charges. |
• | The value of your contract on the day we receive your request in Good Order if received before Market Close. |
• | The value of your contract on the next NYSE business day, if the free look request is received after Market Close. |
(1) | Purchase Payments; or |
(2) | the value of your contract on the day we receive your request in Good Order. |
• | Subsidized life
insurance is available to members of the Armed Forces from the Federal Government under the Servicemembers’ Group Life Insurance program (also referred to as “SGLI”). |
More details may be obtained on-line at the following website: www.insurance.va.gov. | |
• | This contract is not offered or provided by the Federal Government and the Federal Government has in no way sanctioned, recommended, or encouraged the sale of this contract. |
• | No entity has received any referral fee or incentive compensation in connection with the offer or sale of this contract, unless that entity has a selling agreement with the Company. |
• | Variable Portfolios |
• | Fixed Accounts |
• | Dollar Cost Averaging Fixed Account |
• | Secure Value Account (optional Living Benefit only) |
Asset Allocation | Cash |
Bond | Stock |
Underlying Funds | Managed by: | Trust | ||
Franklin Allocation VIP Fund1 | Franklin Templeton Services, LLC | FTVIPT | ||
Franklin Income VIP Fund | Franklin Advisers, Inc. | FTVIPT | ||
SA Allocation Balanced Portfolio1 | SunAmerica Asset Management, LLC | SST | ||
SA Allocation Growth Portfolio1 | SunAmerica Asset Management, LLC | SST | ||
SA Allocation Moderate Growth Portfolio1 | SunAmerica Asset Management, LLC | SST | ||
SA Allocation Moderate Portfolio1 | SunAmerica Asset Management, LLC | SST | ||
SA American Funds Asset Allocation Portfolio2 | Capital Research and Management Company | SAST | ||
SA BlackRock Multi-Factor 70/30 Portfolio | BlackRock Investment Management, LLC | SAST | ||
SA Global Index Allocation 60/40 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA Global Index Allocation 75/25 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA Global Index Allocation 90/10 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA Goldman Sachs Multi-Asset Insights Portfolio | Goldman Sachs Asset Management, L.P. | SAST | ||
SA Index Allocation 60/40 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA Index Allocation 80/20 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA Index Allocation 90/10 Portfolio1 | SunAmerica Asset Management, LLC | SAST | ||
SA JPMorgan Diversified Balanced Portfolio | J.P. Morgan Investment Management Inc. | SAST | ||
SA Legg Mason Tactical Opportunities Portfolio | QS Investors, LLC | SAST | ||
SA MFS Total Return Portfolio3 | Massachusetts Financial Services Company | SAST | ||
SA PGI Asset Allocation Portfolio | Principal Global Investors, LLC | AST | ||
SA Putnam Asset Allocation Diversified Growth Portfolio | Putnam Investment Management, LLC | SST | ||
SA T. Rowe Price Asset Allocation Growth Portfolio | T. Rowe Price Associates, Inc. | SAST | ||
SA Wellington Strategic Multi-Asset Portfolio | Wellington Management Company LLP | AST |
1 | This Underlying Fund is a Fund-of-Funds. |
2 | This Underlying Fund is a Master-Feeder fund. |
3 | SA MFS Total Return is an equity fund seeking reasonable current income, long term capital growth and conservation of capital. |
Underlying Funds | Managed by: | Trust | ||
PIMCO Emerging Markets Bond Portfolio | Pacific Investment Management Company LLC | PVIT | ||
PIMCO Total Return Portfolio | Pacific Investment Management Company LLC | PVIT | ||
SA DFA Ultra Short Bond Portfolio | Dimensional Fund Advisors LP | SAST | ||
SA Federated Hermes Corporate Bond Portfolio | Federated Investment Management Company | SAST | ||
SA Fixed Income Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Fixed Income Intermediate Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Goldman Sachs Global Bond Portfolio | Goldman Sachs Asset Management International | SAST | ||
SA JPMorgan MFS Core Bond Portfolio | J.P. Morgan Investment Management Inc. and Massachusetts Financial Services Company | SAST | ||
SA PineBridge High-Yield Bond Portfolio | PineBridge Investments LLC | SAST | ||
SA Wellington Government and Quality Bond Portfolio | Wellington Management Company LLP | AST | ||
SA Wellington Real Return Portfolio | Wellington Management Company LLP | SST |
Underlying Funds | Managed by: | Trust | ||
Goldman Sachs VIT Government Money Market Fund | Goldman Sachs Asset Management, L.P. | GST |
Underlying Funds | Managed by: | Trust | ||
Invesco V.I. American Franchise Fund4 | Invesco Advisers, Inc. | AVIF | ||
Invesco V.I. Comstock Fund4 | Invesco Advisers, Inc. | AVIF | ||
Invesco V.I. Growth and Income Fund | Invesco Advisers, Inc. | AVIF | ||
Lord Abbett Growth and Income Portfolio | Lord, Abbett & Co. LLC | LASF | ||
SA AB Growth Portfolio | AllianceBernstein L.P. | SAST | ||
SA AB Small & Mid Cap Value Portfolio | AllianceBernstein L.P. | SAST | ||
SA American Funds Global Growth Portfolio5 | Capital Research and Management Company | SAST | ||
SA American Funds Growth Portfolio5 | Capital Research and Management Company | SAST | ||
SA American Funds Growth-Income Portfolio5 | Capital Research and Management Company | SAST | ||
SA Columbia Technology Portfolio | Columbia Management Investment Advisers, LLC | SAST | ||
SA Dogs of Wall Street Portfolio4 | SunAmerica Asset Management, LLC | SAST | ||
SA Emerging Markets Equity Index Portfolio | SunAmerica Asset Management, LLC | SAST |
Underlying Funds | Managed by: | Trust | ||
SA Fidelity Institutional AM® International Growth | FIAM LLC | SAST | ||
SA Fidelity Institutional AM® Real Estate Portfolio | FIAM LLC | SAST | ||
SA Franklin Small Company Value Portfolio | Franklin Mutual Advisers, LLC | SAST | ||
SA Franklin U.S. Equity Smart Beta Portfolio | Franklin Advisers, Inc. | SAST | ||
SA International Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Invesco Growth Opportunities Portfolio | Invesco Advisers, Inc. | SAST | ||
SA Invesco Main Street Large Cap Portfolio | Invesco Advisers, Inc. | SAST | ||
SA Janus Focused Growth Portfolio | Janus Capital Management, LLC | SAST | ||
SA JPMorgan Emerging Markets Portfolio | J.P. Morgan Investment Management Inc. | SAST | ||
SA JPMorgan Equity-Income Portfolio | J.P. Morgan Investment Management Inc. | SAST | ||
SA JPMorgan Global Equities Portfolio | J.P. Morgan Investment Management Inc. | SAST | ||
SA JPMorgan Mid-Cap Growth Portfolio | J.P. Morgan Investment Management Inc. | SAST | ||
SA Large Cap Growth Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Large Cap Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Large Cap Value Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Legg Mason BW Large Cap Value Portfolio | Brandywine Global Investment Management, LLC | SAST | ||
SA MFS Blue Chip Growth Portfolio | Massachusetts Financial Services Company | SAST | ||
SA MFS Massachusetts Investors Trust Portfolio4 | Massachusetts Financial Services Company | SAST | ||
SA Mid Cap Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Morgan Stanley International Equities Portfolio | Morgan Stanley Investment Management Inc. | SAST | ||
SA Putnam International Growth and Income Portfolio | Putnam Investment Management, LLC | SAST | ||
SA Small Cap Index Portfolio | SunAmerica Asset Management, LLC | SAST | ||
SA Templeton Foreign Value Portfolio | Templeton Investment Counsel, LLC | SAST | ||
SA Wellington Capital Appreciation Portfolio | Wellington Management Company LLP | AST | ||
SA WellsCap Aggressive Growth Portfolio | Wells Capital Management Incorporated | SAST |
4 | Invesco V.I. American Franchise Fund is an equity fund seeking capital growth. Invesco V.I. Comstock Fund is an equity fund seeking capital growth and income. SA Dogs of Wall Street is an equity fund seeking total return including capital appreciation and current income. SA MFS Massachusetts Investors Trust is an equity fund seeking reasonable current income and long-term growth of capital and income. |
5 | This Underlying Fund is also a Master-Feeder fund. |
Underlying Funds | Managed by: | Trust | ||
SA American Funds VCP Managed Allocation Portfolio5,6 | Capital Research and Management Company | SAST | ||
SA BlackRock VCP Global Multi Asset Portfolio6 | BlackRock Investment Management, LLC | SAST | ||
SA Invesco VCP Equity-Income Portfolio | Invesco Advisers, Inc. | SAST | ||
SA PIMCO VCP Tactical Balanced Portfolio | Pacific Investment Management Company LLC | SAST | ||
SA Schroders VCP Global Allocation Portfolio | Schroder Investment Management North America | SAST | ||
SA T. Rowe Price VCP Balanced Portfolio | T. Rowe Price Associates, Inc. | SAST | ||
SA VCP Dynamic Allocation Portfolio6 | SunAmerica Asset Management, LLC and AllianceBernstein L.P. | SAST | ||
SA VCP Dynamic Strategy Portfolio6 | SunAmerica Asset Management, LLC and AllianceBernstein L.P. | SAST | ||
SA VCP Index Allocation Portfolio6 | SunAmerica Asset Management, LLC and T. Rowe Price Associates, Inc. | SAST |
5 | This Underlying Fund is also a Master-Feeder fund. |
6 | A portion of this Underlying Fund is a Fund-of-Funds. |
• | Initial Rate: The rate credited to any portion of the initial Purchase Payment allocated to a Fixed Account. |
• | Current Rate: The rate credited to any portion of a subsequent Purchase Payment allocated to a Fixed Account. |
• | Renewal Rate: The rate credited to money transferred from a Fixed Account or a Variable Portfolio into a Fixed Account and to money remaining in a Fixed Account after expiration of a guarantee period. |
DCA Fixed Account | Minimum Purchase Payment |
6-Month | $600 |
12-Month | $1,200 |
• | The DCA Fixed Accounts only accept initial and subsequent Purchase Payments because they are offered as “source” accounts exclusively to facilitate the DCA Program for a specified time period. |
• | You may not make a transfer from a Variable Portfolio or available Fixed Account into a DCA Fixed Account. Please see DOLLAR COST AVERAGING PROGRAM below for more information. |
• | Unless otherwise directed by you, any Purchase Payment less than the above minimum amounts will automatically be allocated to available investment options according to your current allocation instructions on file. |
Month | Accumulation Unit Value | Units Purchased |
1 | $ 7.50 | 100 |
2 | $ 5.00 | 150 |
3 | $10.00 | 75 |
4 | $ 7.50 | 100 |
5 | $ 5.00 | 150 |
6 | $ 7.50 | 100 |
• | Fixed Accounts are not available as target accounts for the DCA Program. |
• | Transfers occur on a monthly periodic schedule. |
• | The minimum transfer amount under the DCA Program is $100 per transaction, regardless of the source account. |
• | Transfers resulting from your participation in the DCA Program are not counted towards the number of free transfers per contract year. |
• | You may elect to have your investments in the Variable Portfolios and/or Fixed Accounts, if available, periodically rebalanced to return your allocations to preselected percentages for no additional charge. |
• | At your request, rebalancing occurs on a quarterly, semiannual or annual basis. |
• | Transfers resulting from your participation in this program are not counted against the number of free transfers per contract year. |
• | Funds already in your contract cannot be transferred into the DCA Fixed Accounts, if available. |
• | You must transfer at least $100 per transfer. |
• | If less than $100 remains in any Variable Portfolio or Fixed Account after a transfer, that amount must be transferred as well. |
• | While the U.S. Mail Policy is in effect, we will not accept transfer requests sent by any other method except U.S. Mail. |
• | Transfer requests required to be submitted by U.S. Mail can only be cancelled by a written request sent by U.S. Mail with the appropriate paperwork received prior to the execution of the transfer. |
• | All transfers made on the same day prior to Market Close are considered one transfer request for purposes of applying the Short-Term Trading policy and calculating the number of free transfers. |
• | Transfers resulting from your participation in the DCA or Automatic Asset Rebalancing Programs are not included for the purposes of determining the number of transfers before applying the Standard U.S. Mail Policy. |
• | We apply the Standard U.S. Mail Policy uniformly and consistently to all contract Owners except for omnibus group contracts. See Omnibus Group Contracts below for more information. |
1. | impose further limits on the size, manner, number and/or frequency of transfers you can make; |
2. | impose minimum holding periods; |
3. | reject any Purchase Payment or transfer request; |
4. | terminate your transfer privileges; and/or |
5. | request that you surrender your contract. |
• | the number of transfers made in a defined period; |
• | the dollar amount of the transfer; |
• | the total assets of the Variable Portfolio involved in the transfer and/or transfer requests that represent a significant portion of the total assets of the Variable Portfolio; |
• | the investment objectives and/or asset classes of the particular Variable Portfolio involved in your transfers; |
• | whether the transfer appears to be part of a pattern of transfers to take advantage of short-term market fluctuations or market inefficiencies; |
• | the history of transfer activity in the contract or in other contracts we may offer; and/or |
• | other activity, as determined by us, that creates an appearance, real or perceived, of Short-Term Trading or the possibility of Short-Term Trading. |
• | We reserve the right to enforce these Underlying Fund policies and procedures, including, but not limited to, the right to collect a redemption fee on shares of the Underlying Fund if imposed by such Underlying Fund’s Board of Trustees/Directors. As of the date of this prospectus, none of the Underlying Funds impose a redemption fee. |
• | We also reserve the right to reject, with or without prior notice, any purchase, transfer or allocation into a Variable Portfolio if the corresponding Underlying Fund will not accept such purchase, transfer or allocation for any reason. |
• | Partial Withdrawal, |
• | Systematic Withdrawal, |
• | Total Withdrawal (also known as surrender), or |
• | Annuity Income Payment (during Income Phase). |
Minimum
Withdrawal Amount |
Minimum
Contract Value(1) | |
Partial Withdrawal | $1,000 | $2,500 (2) |
Systematic Withdrawal | $100 | $2,500 (2) |
(1) | The value left in any Variable Portfolio or available Fixed Account must be at least $100 after a withdrawal. |
(2) | The total contract value must be at least $2,500 after a withdrawal. |
A= | Your contract value at the time of your request for withdrawal ($90,000) |
B= | The amount of your Purchase Payments still subject to withdrawal charge ($100,000) |
C= | The withdrawal charge percentage applicable to the age of each Purchase Payment (assuming 5% is the applicable percentage) [B × C=$5,000] |
D= | Your full contract value ($85,000) available for total withdrawal |
• | You cannot use this waiver during the first 90 days after your contract is issued. |
• | The confinement period for which you seek the waiver must begin after you purchase your contract. |
• | We will only waive withdrawal charges on withdrawals paid directly to the contract owner, and not to a third party or other financial services company. |
1) | a doctor’s note recommending admittance to a nursing home; |
2) | an admittance form which shows the type of facility you entered; and |
3) | the bill from the nursing home which shows that you met the 60 day confinement requirement. |
Optional
Living Benefit |
Income
Credit (as a percentage of the Income Credit Base) |
Income
Credit Availability Prior to the Activation Date |
Polaris
Income Max |
The applicable Income Credit Percentage is provided in the Rate Sheet Supplement | The Income Credit Base and Income Base are reduced proportionately for any withdrawals taken prior to the Activation Date |
Polaris
Income Plus Daily Flex |
Not available |
Living Benefit Parameter | Polaris Income Max | Polaris Income Plus Daily Flex |
This Living Benefit is suitable for the type of investor | Who wants the guarantee of Income Credits prior to the Activation Date | Who wants the greater flexibility of investment options and wants a Living Benefit that provides the ability for the Income Base to step up more frequently to Step-up Values. |
Initial Annual Fee | 1.25%
One Covered Person 1.25% Two Covered Persons | |
Minimum Income Base | N/A | Minimum Income Base: 5% simple interest applied annually to Purchase Payments received prior to the Activation Date. Any withdrawals taken prior to the Activation Date will proportionately reduce all Purchase Payments used in the calculation of the Minimum Income Base. No further adjustments are made on or after the Activation Date. |
Income Credit – Prior to the Activation Date | Income Credit available – the Income Credit Base and Income Base are reduced proportionately for any withdrawals taken prior to the Activation Date | N/A |
Income Credit – On or After the Activation Date | N/A | N/A |
Frequency of Step-up Values | Annually | Daily |
Investment Requirements | 20%
in Secure Value Account80% in Variable Portfolios (total of 19 investment options) |
10%
in Secure Value Account90% in Variable Portfolios Asset Allocation Portfolios (39 investment options) or 90% in Build Your Own Allocation (80 investment options that cross 12 asset classes) |
20%
Secure Value Account |
Up
to 80% in one or more of the following Variable Portfolios, except as otherwise noted:Goldman Sachs VIT Government Money Market Fund PIMCO Total Return SA American Funds VCP Managed Allocation* SA BlackRock VCP Global Multi Asset* SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA Invesco VCP Equity-Income* SA JPMorgan MFS Core Bond SA PIMCO VCP Tactical Balanced* SA Schroders VCP Global Allocation* SA T. Rowe Price VCP Balanced* SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation SA Wellington Government and Quality Bond SA Wellington Real Return DCA Fixed Accounts** 6-Month DCA 1-Year DCA* You may invest up to a maximum of 50% in each of these Variable Portfolios. ** You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
10%
Secure Value Account |
Asset
Allocation Portfolios Up to 90% in one or more of the following Variable Portfolios:Individually Managed Asset Allocation Portfolios: SA American Funds Asset Allocation SA BlackRock Multi-Factor 70/30 SA Goldman Sachs Multi-Asset Insights SA JPMorgan Diversified Balanced SA Legg Mason Tactical Opportunities SA MFS Total Return SA PGI Asset Allocation SA Putnam Asset Allocation Diversified Growth SA T. Rowe Price Asset Allocation Growth SA Wellington Strategic Multi-Asset Actively Managed Fund-of-Funds: SA Allocation Balanced SA Allocation Growth SA Allocation Moderate SA Allocation Moderate Growth Index Fund-of-Funds Portfolios: SA Global Index Allocation 90/10 SA Global Index Allocation 75/25 SA Global Index Allocation 60/40 SA Index Allocation 90/10 SA Index Allocation 80/20 SA Index Allocation 60/40 Volatility Control Portfolios: SA American Funds VCP Managed Allocation SA BlackRock VCP Global Multi Asset SA Invesco VCP Equity-Income SA PIMCO VCP Tactical Balanced SA Schroders VCP Global Allocation SA T. Rowe Price VCP Balanced SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation Fixed Income Portfolios Goldman Sachs VIT Government Money Market Fund PIMCO Total Return SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Immediate Index SA Fixed Income Index SA Goldman Sachs Global Bond SA JPMorgan MFS Core Bond SA Wellington Government & Quality Bond SA Wellington Real Return DCA Fixed Accounts* 6-Month DCA 1-Year DCA* You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
FIXED
INCOME PORTFOLIOS Investment Requirement Minimum 18% Maximum 90% | |
Money Market Portfolio: | |
Goldman Sachs VIT Government Money Market Fund | |
Core Fixed Income Portfolios: | |
PIMCO Total Return | |
SA DFA Ultra Short Bond | |
SA Federated Hermes Corporate Bond | |
SA Fixed Income Index | |
SA Fixed Income Intermediate Index | |
SA Goldman Sachs Global Bond | |
SA JPMorgan MFS Core Bond | |
SA Wellington Government & Quality Bond | |
SA Wellington Real Return | |
DCA Fixed Accounts* | |
6-Month DCA | |
1-Year DCA | |
Fixed Accounts | |
1-Year Fixed (if available) | |
PRIMARY
EQUITY AND ASSET ALLOCATION PORTFOLIOS Investment Requirement Minimum 0% Maximum 72%** | |
Global & International Portfolios: | |
SA Emerging Markets Equity Index | |
SA International Index | |
SA JPMorgan Global Equities | |
SA Morgan Stanley International Equities | |
Large Core Portfolios: | |
SA American Funds Growth-Income | |
SA Franklin U.S. Equity Smart Beta | |
SA Invesco Main Street Large Cap | |
SA Large Cap Index | |
SA MFS Massachusetts Investors Trust | |
Large Value Portfolios: | |
Invesco V.I. Comstock | |
Invesco V.I. Growth and Income | |
Lord Abbett Growth and Income | |
SA Dogs of Wall Street | |
SA JPMorgan Equity-Income | |
SA Large Cap Value Index | |
SA Legg Mason BW Large Cap Value | |
Large Growth Portfolios: | |
Invesco V.I. American Franchise | |
SA AB Growth | |
SA American Funds Growth | |
SA Janus Focused Growth | |
SA Large Cap Growth Index | |
SA MFS Blue Chip Growth | |
SA Wellington Capital Appreciation | |
Small & Mid Cap Portfolios: | |
SA Mid Cap Index | |
SA Small Cap Index | |
Asset Allocation Portfolios: | |
Franklin Allocation VIP Fund | |
Franklin Income VIP Fund | |
SA Allocation Balanced | |
SA Allocation Growth | |
SA Allocation Moderate | |
SA Allocation Moderate Growth |
PRIMARY
EQUITY AND ASSET ALLOCATION PORTFOLIOS - CONTINUED Investment Requirement Minimum 0% Maximum 72%** | |
SA American Funds Asset Allocation | |
SA BlackRock Multi-Factor 70/30 | |
SA Global Index Allocation 60/40 | |
SA Global Index Allocation 75/25 | |
SA Global Index Allocation 90/10 | |
SA Goldman Sachs Multi-Asset Insights | |
SA Index Allocation 60/40 | |
SA Index Allocation 80/20 | |
SA Index Allocation 90/10 | |
SA JPMorgan Diversified Balanced | |
SA Legg Mason Tactical Opportunities | |
SA MFS Total Return | |
SA PGI Asset Allocation | |
SA Putnam Asset Allocation Diversified Growth | |
SA T. Rowe Price Asset Allocation Growth | |
SA Wellington Strategic Multi-Asset | |
Asset Allocation (Volatility Control Portfolios): | |
SA American Funds VCP Managed Allocation | |
SA BlackRock VCP Global Multi Asset | |
SA Invesco VCP Equity-Income | |
SA PIMCO VCP Tactical Balanced | |
SA Schroders VCP Global Allocation | |
SA T. Rowe Price VCP Balanced | |
SA VCP Dynamic Allocation | |
SA VCP Dynamic Strategy | |
SA VCP Index Allocation | |
OTHER
EQUITY AND SPECIALTY PORTFOLIOS Investment Requirement Minimum 0% Maximum 27%*** | |
Small & Mid Cap Portfolios: | |
SA AB Small & Mid Cap Value | |
SA Franklin Small Company Value | |
SA Invesco Growth Opportunities | |
SA JPMorgan Mid-Cap Growth | |
SA WellsCap Aggressive Growth | |
Global & International Portfolios: | |
SA American Funds Global Growth | |
SA Fidelity Institutional AM® International Growth | |
SA JPMorgan Emerging Markets | |
SA Putnam International Growth and Income | |
SA Templeton Foreign Value | |
Specialty Portfolios: | |
PIMCO Emerging Markets Bond | |
SA Columbia Technology | |
SA Fidelity Institutional AM® Real Estate | |
SA PineBridge High-Yield Bond | |
* | You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
** | You may invest up to a maximum of 36% in an individual Variable Portfolio within this Investment Group. |
*** | You may invest up to a maximum of 9% in an individual Variable Portfolio within this Investment Group. |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.25% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The quarterly fee rate can increase or decrease no more than 0.10% each quarter (0.40%/ 4). If you change your Income Option election on the Activation Date, the quarterly fee rate can increase no more than 0.1625% [(0.40% + 0.25%)/ 4] for the first Benefit Quarter immediately following the Activation Date. |
Lifetime Income Option Change Fee* | 0.25% |
* | The fee is deducted quarterly, and the quarterly fee rate is 0.0625% (0.25%/4). The sum of the Living Benefit feature fee rate and Lifetime Income Option Change fee rate cannot exceed the Maximum Annual Fee Rate stated in the table above. |
1. | The Protected Income Payment divided equally and paid on a monthly, quarterly, semi-annual or annual frequency as selected by you until the date of death of the Covered Person(s); or |
2. | Any option mutually agreeable between you and us. |
Number of Owners | Covered Person | |
Minimum Age(1) | Maximum Age(2) | |
One Owner | 50 | 80 |
Joint Owners(3) | 50 | 80 |
(1) | Minimum Age must be met by any Covered Person(s) as of the Contract Issue Date. |
(2) | Maximum Age cannot be exceeded by any Covered Person(s) as of the date added. |
(3) | Joint Owners may choose which of the two Owners will be the Covered Person. The Beneficiary’s age is not considered in determining the maximum issue age of the second Covered Person. |
Number of Owners | Covered Person | |
Minimum Age(1) | Maximum Age(2) | |
One Owner | 45 | 80 |
Joint Owners(3) | 45 | 80 |
(1) | Minimum Age must be met by any Covered Person(s) as of the Contract Issue Date. |
(2) | Maximum Age cannot be exceeded by any Covered Person(s) as of the date added. |
(3) | Joint Owners may choose which of the two Owners will be the Covered Person. The Beneficiary’s age is not considered in determining the maximum issue age of the second Covered Person. |
• | Marriage – If there is one Covered Person, you may add your spouse as the second Covered Person; |
• | Divorce – If there are two Covered Persons, you may remove one of the Covered Persons as a result of divorce; |
• | Death – Upon the death of one of the Covered Persons, you may remove the deceased Covered Person. |
Number of Owners and Covered Persons | Allowed Changes to Covered Person(s) on the Activation Date |
Single Owned Contract & One Covered Person | Add Spouse as the second Covered Person |
Single Owned Contract & Two Covered Persons(1) | Remove or Change the second Covered Person who is not the Single Owner |
Jointly Owned Contract & One Covered Person | Add Joint Owner as the second Covered Person |
Jointly Owned Contract & Two Covered Persons(1) | Remove or Change either Covered Person |
(1) | You must keep at least one of the original Covered Person(s) if requesting to remove or change either Covered Person. Note: If a second Covered Person or if one of the original Covered Person(s) is changed, Covered Person(s) must meet the above minimum and maximum age requirements. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract and the Living Benefit as a new single Covered Person. The Continuing Spouse will receive the Maximum Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a new Covered Person. Upon the death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract and the Living Benefit as the current single Covered Person. The Continuing Spouse will receive the Maximum Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a new Covered Person. Upon the death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract, without the Living Benefit. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract with the current Maximum Annual Withdrawal Amount and Protected Income Payment. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract as a single Covered Person. The Continuing Spouse will receive the Maximum |
Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a new Covered Person. Upon the death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract, with the current Maximum Annual Withdrawal Amount and Protected Income Payment. |
1. | Annuitize by selecting from choices a. or b. below: |
a. | elect to begin one of the Annuity Income Payment Options set forth in Your Contract. If you choose this option, We will apply the contract value to provide annuity income payments under the contract’s annuity provisions as described under ANNUITY INCOME OPTIONS; or |
b. | elect to receive Lifetime Income under Your Living Benefit option by means of an Annuitization while any of the last named Covered Person(s) is living. If You have already activated Lifetime Income under the Living Benefit, You will continue to receive Lifetime Income by means of an Annuitization as described below. If you have not yet activated Lifetime Income, you may activate Lifetime Income by means of an Annuitization as described under ANNUITY INCOME OPTIONS; or |
2. | Fully surrender your Contract |
Cancellation
Request Received |
Cancellation
Effective Date |
Years 1-5 | 5th Benefit Year Anniversary |
Years 5+ | Benefit Quarter Anniversary following the receipt of the cancellation request |
(i) | Annuitization of the contract; or |
(ii) | Termination or surrender of the contract; or |
(iii) | A death benefit is paid resulting in the contract being terminated; or |
(iv) | Any withdrawal prior to the Activation Date that reduces the Contract Value to zero; or |
(v) | On or after the Activation Date, any Excess Withdrawal that reduces the contract value and Income Base to zero; or |
(vi) | Death of the Covered Person, if only one is elected after Lifetime Income has been activated; or, if two Covered Persons are elected, death of the surviving Covered Person; or |
(vii) | A change that removes all of the original Covered Persons from the contract; or |
(viii) | A Change of the Owner or Assignment; or |
(ix) | You elect to cancel Your Living Benefit. |
• | your contract value is reduced to zero; or |
• | you die after you begin the Income Phase. Your Beneficiary would receive any remaining guaranteed annuity income payments in accordance with the annuity income option you selected. Please see ANNUITY INCOME OPTIONS. |
Owner | Payable Upon Death of |
Natural persons | Owner
(or first to die, if jointly owned) |
Non-natural
person (e.g. Trust) |
Annuitant |
• | If your contract is jointly owned, the surviving joint Owner must be the sole primary Beneficiary. Any other individual you designate as Beneficiary will be the contingent Beneficiary. |
• | If the Owner is a non-natural person then joint Annuitants, if any, shall be each other’s sole primary Beneficiary, except when the Owner is a charitable remainder trust. |
• | If the Owner is a trust, whether as an agent for a natural person or otherwise, you should consult with your tax and/or legal adviser to determine whether this contract is an appropriate trust investment. |
(1) | A certified copy of the death certificate; or |
(2) | A certified copy of a decree of a court of competent jurisdiction as to the finding of death; or |
(3) | A written statement by a medical doctor who attended the deceased at the time of death. |
• | All death benefit calculations are made as of the day required documentation is received in Good Order at the Annuity Service Center before Market Close. If the death benefit request is received after Market Close, the death benefit calculation will be made as of the next NYSE business day. |
• | Lump sum payment; or |
• | Annuity Income Option; or |
• | Continue the contract as the spousal Beneficiary, or under a Beneficiary continuation option; or |
• | Payment option that is mutually agreeable between you and us |
• | The contract continues in Owner’s name for the benefit of the Beneficiary who elected the Extended Legacy Program. |
• | The Beneficiary may withdraw all or a portion of the contract value at any time and withdrawals are not subject to withdrawal charges. |
• | The Beneficiary may choose to participate in the Systematic Withdrawal Program and the Automatic Asset Rebalancing Program. |
• | Generally, IRS required minimum distributions must be made at least annually over a period not to exceed the Beneficiary’s life expectancy as determined in the calendar year after the Owner’s death, with the flexibility to withdraw more than the IRS required minimum distribution. |
• | Payments must begin no later than the first anniversary of death for Non-Qualified contracts or December 31 of the year following the year of death for IRAs. |
• | Death Claim form electing Extended Legacy Program; and |
• | Satisfactory proof of death of the original Owner. |
• | The Extended Legacy Program cannot be elected with rollover contracts from other companies. |
• | No Purchase Payments are permitted. |
• | Living Benefits and Death Benefits that may have been elected by the original Owner are not available and any charges associated with these features will no longer be deducted. |
• | In the event of the Beneficiary’s death, any remaining contract value will be paid to the person(s) named by the Beneficiary. |
• | The contract may not be assigned and ownership may not be changed or jointly owned. |
• | Any Fixed Accounts that may have been available to the original Owner will no longer be available for investment. |
• | The Beneficiary may transfer funds among the available Variable Portfolios; |
• | Variable Portfolios may differ from those available to the original Owner; and |
• | Variable Portfolios may be of a different share class subject to higher 12b-1 fees. |
• | The Beneficiary of the transferred contract becomes the Owner (as the Beneficiary of the deceased) of the contract issued by us. |
• | The Internal Revenue Code requires minimum distributions from inherited IRAs and inherited Non-Qualified annuity contracts. |
• | Once the contract is issued, a systematic withdrawal program must be established and cannot be terminated. |
• | Upon your death, your designated Beneficiary will receive the Contract Value death benefit, unless you elect an optional death benefit at contract issue, for an additional fee. |
• | Inherited Account and Required Minimum Distribution Election Form; and |
• | New contract application |
• | No Purchase Payments are permitted after the contract has been issued. |
• | Optional Living Benefits cannot be elected under the Inherited Account Program. |
• | The contract may not be assigned and ownership may not be changed or jointly owned. |
• | If cumulative Lifetime Income withdrawals for the current contract year are taken prior to your 81st birthday and are less than or equal to the Maximum Annual Withdrawal Amount, the amount of adjustment will equal the amount of each Lifetime Income withdrawal. |
• | If cumulative Lifetime Income withdrawals for the current contract year are taken prior to your 81st birthday and are in excess of the Maximum Annual Withdrawal Amount, the contract value and the death benefit are first reduced by the Maximum Annual Withdrawal Amount. The resulting death benefit is further adjusted by the withdrawal amount in excess of the Maximum Annual Withdrawal Amount (Excess Withdrawal) by the percentage by which the Excess Withdrawal reduced the resulting contract value. |
• | Any Lifetime Income withdrawal taken on or after your 81st birthday, the amount of adjustment is determined by the percentage by which each Lifetime Income withdrawal reduced the contract value. |
1. | Contract value; or |
2. | Net Purchase Payments. |
1. | Contract value; or |
2. | Purchase Payments reduced by: |
a. | any Withdrawal Adjustments, as defined above, if the Living Benefit has not been terminated; or |
b. | any Withdrawal Adjustments, as defined above, prior to the date the Living Benefit is |
terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated. |
1. | Contract value; or |
2. | Net Purchase Payments; or |
3. | Maximum anniversary value on any contract anniversary prior to the earlier of your 83rd birthday or date of death, plus Purchase Payments received since that anniversary; and reduced for any withdrawals since that anniversary in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal. The anniversary value for any year is equal to the contract value on the applicable contract anniversary. |
1. | Contract value; or |
2. | Purchase Payments reduced by: |
a. | any Withdrawal Adjustments, if the Living Benefit has not been terminated; or |
b. | any Withdrawal Adjustments, prior to the date the Living Benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated; or |
3. | Maximum anniversary value on any contract anniversary prior to the earlier of your 83rd birthday or date of death and reduced by: |
a. | any Withdrawal Adjustments since that contract anniversary, if the Living Benefit has not been terminated; or |
b. | any Withdrawal Adjustments since that contract anniversary, prior to the date the Living Benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated. |
• | Generally, the contract, its benefits and elected features, if any, remain the same. |
• | Continuing Spouse is subject to the same fees, charges and expenses applicable to the original Owner of the contract. Please see EXPENSES. |
• | Continuing Spouse may not terminate the Return of Purchase Payment or the Maximum Anniversary Value death benefit if elected at contract issue. |
• | Continuing Spouse will be subject to the investment risk of Variable Portfolios, as was the original Owner. |
• | Death Claim form; and |
• | Satisfactory proof of death of the original Owner. |
• | Separate Account Charges |
• | Withdrawal Charges |
• | Underlying Fund Expenses |
• | Contract Maintenance Fee |
• | Transfer Fee |
• | Optional Living Benefit Fee |
• | Optional Death Benefit Fee |
Separate Account
Charges |
1.15% |
Years Since Purchase Payment Receipt | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8+ |
Withdrawal Charge | 8% | 7% | 6% | 5% | 4% | 3% | 2% | 0% |
After 15
Transfers |
$25 |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.25% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The fee rate can decrease or increase no more than 0.10% each quarter (0.40%/ 4). If you change your Income Option election on the Activation Date, the quarterly fee rate can increase no more than 0.1625% [(0.40% + 0.25%)/ 4] for the first Benefit Quarter immediately following the Activation Date. |
Lifetime Income Option Change Fee* | 0.25% |
* | The fee is deducted quarterly, and the quarterly fee rate is 0.0625% (0.25%/4). The sum of the Living Benefit feature fee rate and Lifetime Income Option Change fee rate cannot exceed the Maximum Annual Fee Rate stated in the table above. |
• | for life income options, your age when annuity income payments begin; and |
• | the contract value attributable to the Variable Portfolios on the Annuity Date; and |
• | the 3.5% assumed investment rate used in the annuity table for the contract; and |
• | the performance of the Variable Portfolios in which you are invested during the time you receive annuity income payments. |
• | Generally, taxes on the earnings in your annuity contract are deferred until you take the money out. |
• | Qualified contracts that satisfy specific IRC requirements automatically provide tax deferral regardless of whether the underlying contract is an annuity, a trust, or a custodial account. |
• | Different rules and tax treatment apply depending on how you take the money out and whether your contract is Qualified or Non-Qualified. |
• | Tax-Sheltered Annuities (also referred to as 403(b) annuities) |
• | Plans of self-employed individuals (often referred to as H.R. 10 Plans or Keogh Plans) |
• | Pension and profit sharing plans including 401(k) plans, and governmental 457(b) plans |
• | an increase in the age at which required minimum distributions (RMDs) generally must commence, to age 72, for those born on or after July 1, 1949, from the previous age of 70 ½; |
• | new limitations on the period for beneficiary distributions following the death of the plan participant or IRA owner (when the death occurs on or after January 1, 2020); |
• | elimination of the age 70 ½ restriction on traditional IRA contributions for tax years beginning 2020 (combined with an offset to the amount of eligible qualified charitable distributions (QCDs) by the amount of post-70 ½ IRA contributions); |
• | a new exception to the 10% additional tax on early distributions, for the qualified birth or adoption of a child, which also became an allowable plan distribution event; and, |
• | reduction of the earliest permissible age for in-service distributions from pension plans and certain Section 457 plans to 59 ½. |
• | Expanding distribution and loan (including loan repayment) rules for certain retirement accounts in employer plans and IRAs, for qualifying distributions; |
• | Waiver of the 10% additional tax for qualifying coronavirus related distributions taken from January 1, 2020 through December 31, 2020, if they are considered early distributions (generally, distributions taken prior to age 59 ½); and, |
• | Providing a temporary waiver of required minimum distributions from qualifying retirement plans and IRAs due to be taken in 2020. |
• | after attaining age 59½; |
• | when paid to your Beneficiary after you die; |
• | after you become disabled (as defined in the IRC); |
• | when paid as a part of a series of substantially equal periodic payments (not less frequently than annually) made for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated Beneficiary for a period of 5 years or attainment of age 59½, whichever is later; |
• | under an immediate annuity contract; |
• | when attributable to Purchase Payments made prior to August 14, 1982. |
• | after attainment of age 59½; |
• | when paid to your Beneficiary after you die; |
• | after you become disabled (as defined in the IRC); |
• | as a part of a series of substantially equal periodic payments (not less frequently than annually) made for your life (or life expectancy) or the joint lives (or joint expectancies) of you and your designated Beneficiary for a period of 5 years or attainment of age 59½, whichever is later; |
• | dividends paid with respect to stock of a corporation described in IRC Section 404(k); |
• | for payment of medical expenses to the extent such withdrawals do not exceed limitations set by the IRC for deductible amounts paid during the taxable year for medical care; |
• | for payment of health insurance if you are unemployed and meet certain requirements; |
• | distributions from IRAs for qualifying higher education expenses or first home purchases, with certain limitations; |
• | payments to certain individuals called up for active duty after September 11, 2001; |
• | payments up to $3,000 per year for health, life and accident insurance by certain retired public safety officers, which are federal income tax-free; |
• | amounts distributed from a Code Section 457(b) plan other than to the extent such amounts in a governmental Code Section 457(b) plan represent rollovers from an IRA or employer-sponsored plan to which the 10% penalty would otherwise apply and which are treated as distributed from a Qualified plan for purposes of the premature distribution penalty; |
• | distributions for parents after the “qualified birth or adoption” of a new child (subject to limitations); |
• | distributions related to Coronavirus relief, as defined under the CARES Act; |
• | payments to employees after separation from service after attainment of age 55 (does not apply to IRAs); and |
• | transfers to alternate payees pursuant to a qualified domestic relations order (does not apply to IRAs). |
(a) | a required minimum distribution, |
(b) | a hardship withdrawal, or |
(c) | a series of substantially equal payments (at least annually) made over your life expectancy or the joint life expectancies of you and your designated Beneficiary or a distribution made for a specified period of 10 years or more. |
• | reaches age 59½; |
• | severs employment with the employer; |
• | dies; |
• | birth or adoption of child (subject to limitations); |
• | distributions related to Coronavirus relief, as defined under the CARES Act; |
• | becomes disabled (as defined in the IRC); or |
• | experiences a financial hardship (as defined in the IRC).* |
* | In the case of hardship, the Owner can only withdraw Purchase Payments. |
• | a citizen or resident of the United States |
• | a partnership or corporation created or organized in the United States or under the law of the United States or of any state, or the District of Columbia |
• | any estate or trust other than a foreign estate or foreign trust (see Internal Revenue Code section 7701(a)(31) for the definition of a foreign estate and a foreign trust) |
• | the plan is not an unfunded deferred compensation plan; and |
• | the plan funding vehicle is not an IRA. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
Franklin
Allocation VIP Fund – FTVIPT Class 2 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$13.237 | (a)$11.783 | (a)$13.165 | (a)$14.784 | (a)$13.204 |
(b)$13.024 | (b)$11.574 | (b)$12.898 | (b)$14.222 | (b)$12.651 | |
Ending
AUV |
(a)$11.783 | (a)$13.165 | (a)$14.784 | (a)$13.204 | (a)$15.645 |
(b)$11.574 | (b)$12.898 | (b)$14.222 | (b)$12.651 | (b)$14.930 | |
Ending Number of
AUs |
(a)0 | (a)266 | (a)0 | (a)114 | (a)118 |
(b)0 | (b)0 | (b)0 | (b)0 | (b)28,992 | |
Franklin
Income VIP Fund – FTVIPT Class 2 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.048 | (a)$12.590 | (a)$14.171 | (a)$10.069 | (a)$14.725 |
(b)$13.829 | (b)$12.373 | (b)$13.892 | (b)$15.002 | (b)$14.134 | |
Ending
AUV |
(a)$12.590 | (a)$14.171 | (a)$10.069 | (a)$14.725 | (a)$16.894 |
(b)$12.373 | (b)$13.892 | (b)$15.002 | (b)$14.134 | (b)$16.151 | |
Ending Number of
AUs |
(a)29,208 | (a)33,810 | (a)11,037 | (a)12,020 | (a)33,304 |
(b)246 | (b)1,222 | (b)698 | (b)2,058 | (b)2,156 | |
Goldman
Sachs VIT Government Money Market Fund – GST Service Class Shares (Inception Date – 5/02/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$9.917 | (a)$9.863 | (a)$9.894 |
(b)N/A | (b)N/A | (b)$9.901 | (b)$9.798 | (b)$9.789 | |
Ending
AUV |
(a)N/A | (a)$9.917 | (a)$9.863 | (a)$9.894 | (a)$9.965 |
(b)N/A | (b)$9.901 | (b)$9.798 | (b)$9.789 | (b)$9.819 | |
Ending Number of
AUs |
(a)N/A | (a)13,718 | (a)321 | (a)296 | (a)40,444 |
(b)N/A | (b)3,973 | (b)3,822 | (b)4,677 | (b)4,652 | |
Invesco
V.I. American Franchise Fund – AVIF Class Series II Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$18.584 | (a)$18.692 | (a)$18.823 | (a)$24.145 | (a)$22.939 |
(b)$18.292 | (b)$18.368 | (b)$18.451 | (b)$23.078 | (b)$21.837 | |
Ending
AUV |
(a)$18.692 | (a)$18.823 | (a)$24.145 | (a)$22.939 | (a)$30.937 |
(b)$18.368 | (b)$18.451 | (b)$23.078 | (b)$21.837 | (b)$29.333 | |
Ending Number of
AUs |
(a)0 | (a)0 | (a)0 | (a)0 | (a)14,662 |
(b)0 | (b)0 | (b)0 | (b)0 | (b)3,404 | |
Invesco
V.I. Comstock Fund – AVIF Class Series II Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$16.051 | (a)$14.464 | (a)$16.703 | (a)$19.826 | (a)$17.174 |
(b)$15.799 | (b)$14.213 | (b)$16.372 | (b)$18.954 | (b)$16.353 | |
Ending
AUV |
(a)$14.464 | (a)$16.703 | (a)$19.826 | (a)$17.174 | (a)$21.212 |
(b)$14.213 | (b)$16.372 | (b)$18.954 | (b)$16.353 | (b)$20.118 | |
Ending Number of
AUs |
(a)9,463 | (a)34,277 | (a)0 | (a)175 | (a)174 |
(b)2,310 | (b)10,406 | (b)12,472 | (b)13,004 | (b)13,971 | |
Invesco
V.I. Growth and Income Fund – AVIF Class Series II Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.805 | (a)$14.807 | (a)$17.456 | (a)$20.108 | (a)$17.175 |
(b)$15.561 | (b)$14.554 | (b)$17.115 | (b)$19.218 | (b)$16.349 | |
Ending
AUV |
(a)$14.807 | (a)$17.456 | (a)$20.108 | (a)$17.175 | (a)$21.198 |
(b)$14.554 | (b)$17.115 | (b)$19.218 | (b)$16.349 | (b)$20.098 | |
Ending Number of
AUs |
(a)10,043 | (a)39,238 | (a)0 | (a)0 | (a)0 |
(b)2,607 | (b)11,356 | (b)13,916 | (b)14,602 | (b)14,916 | |
Lord
Abbett Growth and Income Portfolio – LASF Class VC Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$13.560 | (a)$12.851 | (a)$14.857 | (a)$10.130 | (a)$15.503 |
(b)$13.361 | (b)$12.642 | (b)$14.578 | (b)$16.276 | (b)$14.719 | |
Ending
AUV |
(a)$12.851 | (a)$14.857 | (a)$10.130 | (a)$15.503 | (a)$18.772 |
(b)$12.642 | (b)$14.578 | (b)$16.276 | (b)$14.719 | (b)$17.752 | |
Ending Number of
AUs |
(a)169 | (a)5,555 | (a)1,572 | (a)1,819 | (a)1,773 |
(b)630 | (b)600 | (b)608 | (b)623 | (b)1,643 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
PIMCO
Emerging Markets Bond Portfolio – PVIT Class Advisor Shares (Inception Date – 10/07/19) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)N/A |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)N/A | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$10.253 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$10.243 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)0 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)0 | |
PIMCO
Total Return Portfolio – PVIT Class Advisor Shares (Inception Date – 10/07/19) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)N/A |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)N/A | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$10.002 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$9.966 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)0 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)0 | |
SA
AB Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$18.776 | (a)$19.495 | (a)$19.736 | (a)$26.179 | (a)$26.411 |
(b)$18.435 | (b)$19.109 | (b)$19.297 | (b)$25.019 | (b)$25.139 | |
Ending
AUV |
(a)$19.495 | (a)$19.736 | (a)$26.179 | (a)$26.411 | (a)$35.128 |
(b)$19.109 | (b)$19.297 | (b)$25.019 | (b)$25.139 | (b)$33.303 | |
Ending Number of
AUs |
(a)3,638 | (a)10,577 | (a)0 | (a)1,803 | (a)7,713 |
(b)0 | (b)676 | (b)990 | (b)16,010 | (b)16,292 | |
SA
AB Small & Mid Cap Value Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$19.211 | (a)$17.478 | (a)$21.506 | (a)$24.499 | (a)$20.507 |
(b)$18.918 | (b)$17.183 | (b)$21.090 | (b)$23.424 | (b)$19.528 | |
Ending
AUV |
(a)$17.478 | (a)$21.506 | (a)$24.499 | (a)$20.507 | (a)$24.269 |
(b)$17.183 | (b)$21.090 | (b)$23.424 | (b)$19.528 | (b)$23.019 | |
Ending Number of
AUs |
(a)2,174 | (a)9,419 | (a)1,096 | (a)2,019 | (a)5,451 |
(b)546 | (b)3,709 | (b)4,063 | (b)9,110 | (b)7,346 | |
SA
Allocation Balanced Portfolio – SST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.556 | (a)$13.862 | (a)$14.400 | (a)$16.114 | (a)$15.300 |
(b)$14.354 | (b)$13.648 | (b)$14.141 | (b)$15.390 | (b)$14.555 | |
Ending
AUV |
(a)$13.862 | (a)$14.400 | (a)$16.114 | (a)$15.300 | (a)$17.549 |
(b)$13.648 | (b)$14.141 | (b)$15.390 | (b)$14.555 | (b)$16.627 | |
Ending Number of
AUs |
(a)0 | (a)17,177 | (a)1,399 | (a)2,544 | (a)35,583 |
(b)4,272 | (b)17,239 | (b)13,673 | (b)39,344 | (b)39,039 | |
SA
Allocation Growth Portfolio – SST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.406 | (a)$14.347 | (a)$14.976 | (a)$17.883 | (a)$16.405 |
(b)$15.182 | (b)$14.114 | (b)$14.696 | (b)$17.050 | (b)$15.578 | |
Ending
AUV |
(a)$14.347 | (a)$14.976 | (a)$17.883 | (a)$16.405 | (a)$20.030 |
(b)$14.114 | (b)$14.696 | (b)$17.050 | (b)$15.578 | (b)$18.944 | |
Ending Number of
AUs |
(a)12,655 | (a)25,905 | (a)19,829 | (a)102,734 | (a)150,483 |
(b)875 | (b)8,037 | (b)30,063 | (b)39,192 | (b)46,460 | |
SA
Allocation Moderate Growth Portfolio – SST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.673 | (a)$13.794 | (a)$14.386 | (a)$16.798 | (a)$15.620 |
(b)$14.472 | (b)$13.581 | (b)$14.129 | (b)$16.019 | (b)$14.836 | |
Ending
AUV |
(a)$13.794 | (a)$14.386 | (a)$16.798 | (a)$15.620 | (a)$18.624 |
(b)$13.581 | (b)$14.129 | (b)$16.019 | (b)$14.836 | (b)$17.618 | |
Ending Number of
AUs |
(a)1,238 | (a)8,382 | (a)16,949 | (a)47,987 | (a)77,402 |
(b)1,129 | (b)6,673 | (b)7,439 | (b)47,166 | (b)59,724 | |
SA
Allocation Moderate Portfolio – SST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.708 | (a)$13.906 | (a)$14.492 | (a)$16.655 | (a)$15.647 |
(b)$14.512 | (b)$13.699 | (b)$14.240 | (b)$15.885 | (b)$14.863 | |
Ending
AUV |
(a)$13.906 | (a)$14.492 | (a)$16.655 | (a)$15.647 | (a)$18.368 |
(b)$13.699 | (b)$14.240 | (b)$15.885 | (b)$14.863 | (b)$17.378 | |
Ending Number of
AUs |
(a)0 | (a)10,206 | (a)34,770 | (a)57,954 | (a)62,902 |
(b)2,515 | (b)46,029 | (b)66,878 | (b)80,121 | (b)97,593 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
American Funds Asset Allocation Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.092 | (a)$14.677 | (a)$15.806 | (a)$18.479 | (a)$17.375 |
(b)$14.848 | (b)$14.415 | (b)$15.485 | (b)$17.670 | (b)$16.548 | |
Ending
AUV |
(a)$14.677 | (a)$15.806 | (a)$18.479 | (a)$17.375 | (a)$20.768 |
(b)$14.415 | (b)$15.485 | (b)$17.670 | (b)$16.548 | (b)$19.700 | |
Ending Number of
AUs |
(a)757 | (a)132,949 | (a)234,443 | (a)684,152 | (a)1,044,479 |
(b)0 | (b)40,380 | (b)68,788 | (b)132,766 | (b)247,760 | |
SA
American Funds Global Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$17.194 | (a)$16.568 | (a)$16.410 | (a)$21.726 | (a)$19.484 |
(b)$16.929 | (b)$16.285 | (b)$16.090 | (b)$20.771 | (b)$18.552 | |
Ending
AUV |
(a)$16.568 | (a)$16.410 | (a)$21.726 | (a)$19.484 | (a)$25.990 |
(b)$16.285 | (b)$16.090 | (b)$20.771 | (b)$18.552 | (b)$24.648 | |
Ending Number of
AUs |
(a)6,834 | (a)28,227 | (a)319 | (a)5,054 | (a)8,364 |
(b)913 | (b)5,730 | (b)8,432 | (b)35,142 | (b)41,795 | |
SA
American Funds Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$16.310 | (a)$16.169 | (a)$17.425 | (a)$22.513 | (a)$22.138 |
(b)$16.059 | (b)$15.893 | (b)$17.086 | (b)$21.524 | (b)$21.081 | |
Ending
AUV |
(a)$16.169 | (a)$17.425 | (a)$22.513 | (a)$22.138 | (a)$28.537 |
(b)$15.893 | (b)$17.086 | (b)$21.524 | (b)$21.081 | (b)$27.065 | |
Ending Number of
AUs |
(a)9,307 | (a)18,775 | (a)5,909 | (a)8,168 | (a)42,274 |
(b)631 | (b)8,012 | (b)13,111 | (b)48,585 | (b)84,052 | |
SA
American Funds Growth-Income Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.840 | (a)$15.212 | (a)$16.699 | (a)$20.584 | (a)$19.930 |
(b)$15.600 | (b)$14.956 | (b)$16.377 | (b)$19.678 | (b)$18.976 | |
Ending
AUV |
(a)$15.212 | (a)$16.699 | (a)$20.584 | (a)$19.930 | (a)$24.775 |
(b)$14.956 | (b)$16.377 | (b)$19.678 | (b)$18.976 | (b)$23.495 | |
Ending Number of
AUs |
(a)5,430 | (a)51,851 | (a)3,375 | (a)16,551 | (a)22,663 |
(b)340 | (b)5,694 | (b)15,814 | (b)49,172 | (b)63,095 | |
SA
American Funds VCP Managed Allocation Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.309 | (a)$11.781 | (a)$12.443 | (a)$14.170 | (a)$13.288 |
(b)$12.262 | (b)$11.716 | (b)$12.344 | (b)$13.912 | (b)$12.994 | |
Ending
AUV |
(a)$11.781 | (a)$12.443 | (a)$14.170 | (a)$13.288 | (a)$15.564 |
(b)$11.716 | (b)$12.344 | (b)$13.912 | (b)$12.994 | (b)$15.159 | |
Ending Number of
AUs |
(a)369,537 | (a)1,506,791 | (a)242,301 | (a)773,780 | (a)1,165,392 |
(b)7,591 | (b)55,087 | (b)79,251 | (b)104,215 | (b)128,985 | |
SA
BlackRock VCP Global Multi-Asset Portfolio – SAST Class 3 Shares (Inception Date – 1/25/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$10.398 | (a)$11.537 | (a)$10.749 |
(b)N/A | (b)N/A | (b)$10.374 | (b)$11.448 | (b)$10.623 | |
Ending
AUV |
(a)N/A | (a)$10.398 | (a)$11.537 | (a)$10.749 | (a)$12.293 |
(b)N/A | (b)$10.374 | (b)$11.448 | (b)$10.623 | (b)$12.100 | |
Ending Number of
AUs |
(a)N/A | (a)1,083,789 | (a)135,493 | (a)449,433 | (a)692,669 |
(b)N/A | (b)23,101 | (b)60,752 | (b)77,827 | (b)84,032 | |
SA
Columbia Technology Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$17.405 | (a)$17.648 | (a)$20.302 | (a)$27.627 | (a)$25.031 |
(b)$17.137 | (b)$17.347 | (b)$19.905 | (b)$26.431 | (b)$23.851 | |
Ending
AUV |
(a)$17.648 | (a)$20.302 | (a)$27.627 | (a)$25.031 | (a)$38.379 |
(b)$17.347 | (b)$19.905 | (b)$26.431 | (b)$23.851 | (b)$36.424 | |
Ending Number of
AUs |
(a)1,480 | (a)2,833 | (a)137 | (a)3,510 | (a)19,927 |
(b)88 | (b)450 | (b)0 | (b)4,885 | (b)8,558 | |
SA
DFA Ultra Short Bond Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$9.219 | (a)$9.112 | (a)$8.964 | (a)$9.096 | (a)$9.102 |
(b)$9.073 | (b)$8.953 | (b)$8.786 | (b)$8.691 | (b)$8.662 | |
Ending
AUV |
(a)$9.112 | (a)$8.964 | (a)$9.096 | (a)$9.102 | (a)$9.177 |
(b)$8.953 | (b)$8.786 | (b)$8.691 | (b)$8.662 | (b)$8.699 | |
Ending Number of
AUs |
(a)4,447 | (a)20,577 | (a)1,517 | (a)45,816 | (a)75,700 |
(b)0 | (b)1,514 | (b)1,790 | (b)638 | (b)6,943 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
Dogs of Wall Street Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$19.522 | (a)$19.195 | (a)$22.289 | (a)$26.513 | (a)$26.063 |
(b)$19.153 | (b)$18.800 | (b)$21.777 | (b)$25.414 | (b)$24.882 | |
Ending
AUV |
(a)$19.195 | (a)$22.289 | (a)$26.513 | (a)$26.063 | (a)$32.078 |
(b)$18.800 | (b)$21.777 | (b)$25.414 | (b)$24.882 | (b)$30.503 | |
Ending Number of
AUs |
(a)5,681 | (a)44,481 | (a)0 | (a)908 | (a)3,919 |
(b)899 | (b)5,930 | (b)8,652 | (b)12,595 | (b)15,732 | |
SA
Emerging Markets Equity Index Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$8.526 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$8.503 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$8.526 | (a)$9.978 |
(b)N/A | (b)N/A | (b)N/A | (b)$8.503 | (b)$9.911 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)0 | (a)0 |
(b)N/A | (b)N/A | (b)N/A | (b)0 | (b)2,188 | |
SA
Federated Hermes Corporate Bond Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$16.436 | (a)$15.766 | (a)$16.882 | (a)$18.134 | (a)$17.377 |
(b)$16.179 | (b)$15.494 | (b)$16.550 | (b)$17.334 | (b)$16.544 | |
Ending
AUV |
(a)$15.766 | (a)$16.882 | (a)$18.134 | (a)$17.377 | (a)$19.685 |
(b)$15.494 | (b)$16.550 | (b)$17.334 | (b)$16.544 | (b)$18.666 | |
Ending Number of
AUs |
(a)8,882 | (a)79,022 | (a)12,915 | (a)40,073 | (a)64,953 |
(b)2,223 | (b)26,802 | (b)27,802 | (b)18,346 | (b)29,248 | |
SA
Fidelity Institutional AM® International Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/19) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)N/A |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)N/A | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$11.087 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$11.057 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)0 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)0 | |
SA
Fidelity Institutional AM® Real Estate Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.743 | (a)$11.829 | (a)$12.653 | (a)$13.448 | (a)$12.397 |
(b)$11.566 | (b)$11.632 | (b)$12.410 | (b)$12.846 | (b)$11.794 | |
Ending
AUV |
(a)$11.829 | (a)$12.653 | (a)$13.448 | (a)$12.397 | (a)$15.437 |
(b)$11.632 | (b)$12.410 | (b)$12.846 | (b)$11.794 | (b)$14.628 | |
Ending Number of
AUs |
(a)1,028 | (a)3,780 | (a)0 | (a)0 | (a)0 |
(b)11 | (b)492 | (b)2,214 | (b)2,611 | (b)3,847 | |
SA
Fixed Income Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.020 | (a)$9.817 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.010 | (b)$9.769 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.020 | (a)$9.817 | (a)$10.559 |
(b)N/A | (b)N/A | (b)$10.010 | (b)$9.769 | (b)$10.465 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)2,026 | (a)26,021 | (a)78,880 |
(b)N/A | (b)N/A | (b)0 | (b)0 | (b)8,709 | |
SA
Fixed Income Intermediate Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$9.920 | (a)$9.839 |
(b)N/A | (b)N/A | (b)N/A | (b)$9.911 | (b)$9.790 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$9.920 | (a)$9.839 | (a)$10.308 |
(b)N/A | (b)N/A | (b)$9.911 | (b)$9.790 | (b)$10.216 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)9,546 | (a)13,094 |
(b)N/A | (b)N/A | (b)0 | (b)0 | (b)3,342 | |
SA
Franklin Small Company Value Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.580 | (a)$14.091 | (a)$18.156 | (a)$20.096 | (a)$17.281 |
(b)$15.335 | (b)$13.846 | (b)$17.799 | (b)$19.199 | (b)$16.444 | |
Ending
AUV |
(a)$14.091 | (a)$18.159 | (a)$20.096 | (a)$17.281 | (a)$21.556 |
(b)$13.846 | (b)$17.799 | (b)$19.199 | (b)$16.444 | (b)$20.429 | |
Ending Number of
AUs |
(a)3,400 | (a)10,063 | (a)668 | (a)1,208 | (a)1,622 |
(b)667 | (b)2,503 | (b)2,864 | (b)6,965 | (b)8,178 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
Franklin U.S. Equity Smart Beta Portfolio – SAST Class 3 Shares (Inception Date – 10/07/19) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)N/A |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)N/A | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$10.826 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$10.816 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)0 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)0 | |
SA
Global Index Allocation 60/40 Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$9.347 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$9.322 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$9.347 | (a)$10.891 |
(b)N/A | (b)N/A | (b)N/A | (b)$9.322 | (b)$10.818 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)6,773 | (a)54,864 |
(b)N/A | (b)N/A | (b)N/A | (b)8,542 | (b)11,631 | |
SA
Global Index Allocation 75/25 Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$9.160 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$9.135 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$9.160 | (a)$10.900 |
(b)N/A | (b)N/A | (b)N/A | (b)$9.135 | (b)$10.828 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)24,333 | (a)58,718 |
(b)N/A | (b)N/A | (b)N/A | (b)9,443 | (b)28,101 | |
SA
Global Index Allocation 90/10 Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$8.958 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$8.934 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$8.958 | (a)$10.892 |
(b)N/A | (b)N/A | (b)N/A | (b)$8.934 | (b)$10.819 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)69,755 | (a)341,823 |
(b)N/A | (b)N/A | (b)N/A | (b)2,363 | (b)58,761 | |
SA
Goldman Sachs Global Bond Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.272 | (a)$12.051 | (a)$12.021 | (a)$12.941 | (a)$12.445 |
(b)$12.089 | (b)$11.851 | (b)$11.793 | (b)$12.372 | (b)$11.850 | |
Ending
AUV |
(a)$12.051 | (a)$12.021 | (a)$12.941 | (a)$12.445 | (a)$13.115 |
(b)$11.851 | (b)$11.793 | (b)$12.372 | (b)$11.850 | (b)$12.438 | |
Ending Number of
AUs |
(a)6,861 | (a)50,889 | (a)12,802 | (a)27,350 | (a)51,002 |
(b)923 | (b)19,664 | (b)21,254 | (b)11,864 | (b)18,979 | |
SA
Goldman Sachs Multi-Asset Insights Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.299 | (a)$9.312 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.289 | (b)$9.266 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.299 | (a)$9.312 | (a)$10.938 |
(b)N/A | (b)N/A | (b)$10.289 | (b)$9.266 | (b)$10.840 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)1,461 | (a)13,688 | (a)30,090 |
(b)N/A | (b)N/A | (b)0 | (b)477 | (b)8,325 | |
SA
Index Allocation 60/40 Portfolio – SAST Class 3 (Inception Date – 5/01/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$11.006 | (a)$10.349 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.967 | (b)$10.270 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$11.006 | (a)$10.349 | (a)$12.233 |
(b)N/A | (b)N/A | (b)$10.967 | (b)$10.270 | (b)$12.091 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)23,245 | (a)124,069 | (a)304,211 |
(b)N/A | (b)N/A | (b)7,833 | (b)17,932 | (b)29,319 | |
SA
Index Allocation 80/20 Portfolio – SAST Class 3 (Inception Date – 5/01/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$11.309 | (a)$10.422 |
(b)N/A | (b)N/A | (b)N/A | (b)$11.269 | (b)$10.343 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$11.309 | (a)$10.422 | (a)$12.740 |
(b)N/A | (b)N/A | (b)$11.269 | (b)$10.343 | (b)$12.592 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)38,936 | (a)237,140 | (a)315,635 |
(b)N/A | (b)N/A | (b)2,038 | (b)25,359 | (b)52,161 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
Index Allocation 90/10 Portfolio – SAST Class 3 (Inception Date – 5/01/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$11.478 | (a)$10.473 |
(b)N/A | (b)N/A | (b)N/A | (b)$11.437 | (b)$10.394 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$11.478 | (a)$10.473 | (a)$12.997 |
(b)N/A | (b)N/A | (b)$11.437 | (b)$10.394 | (b)$12.847 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)254,444 | (a)1,216,619 | (a)1,460,681 |
(b)N/A | (b)N/A | (b)56,004 | (b)166,665 | (b)201,825 | |
SA
International Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.348 | (a)$8.770 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.338 | (b)$8.727 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.348 | (a)$8.770 | (a)$10.478 |
(b)N/A | (b)N/A | (b)$10.338 | (b)$8.727 | (b)$10.384 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)0 | (a)0 |
(b)N/A | (b)N/A | (b)0 | (b)686 | (b)8,395 | |
SA
Invesco Growth Opportunities Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$19.136 | (a)$17.586 | (a)$17.994 | (a)$22.633 | (a)$21.251 |
(b)$18.844 | (b)$17.288 | (b)$17.645 | (b)$21.638 | (b)$20.235 | |
Ending
AUV |
(a)$17.586 | (a)$17.994 | (a)$22.633 | (a)$21.251 | (a)$27.036 |
(b)$17.288 | (b)$17.645 | (b)$21.638 | (b)$20.235 | (b)$25.641 | |
Ending Number of
AUs |
(a)1,178 | (a)1,591 | (a)593 | (a)593 | (a)831 |
(b)0 | (b)0 | (b)0 | (b)3,222 | (b)4,172 | |
SA
Invesco Main Street Large Cap Portfolio (formerly SA Oppenheimer Main Street Large Cap Portfolio) – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.945 | (a)$15.765 | (a)$17.333 | (a)$20.422 | (a)$18.548 |
(b)$15.655 | (b)$15.453 | (b)$16.947 | (b)$19.454 | (b)$17.598 | |
Ending
AUV |
(a)$15.765 | (a)$17.333 | (a)$20.422 | (a)$18.548 | (a)$24.125 |
(b)$15.453 | (b)$16.947 | (b)$19.454 | (b)$17.598 | (b)$22.799 | |
Ending Number of
AUs |
(a)24,971 | (a)40,638 | (a)340 | (a)516 | (a)942 |
(b)1,288 | (b)6,054 | (b)7,595 | (b)7,760 | (b)9,022 | |
SA
Invesco VCP Equity-Income Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.920 | (a)$11.360 | (a)$12.318 | (a)$13.468 | (a)$11.959 |
(b)$11.860 | (b)$11.284 | (b)$12.205 | (b)$13.219 | (b)$11.691 | |
Ending
AUV |
(a)$11.360 | (a)$12.318 | (a)$13.468 | (a)$11.959 | (a)$13.827 |
(b)$11.284 | (b)$12.205 | (b)$13.219 | (b)$11.691 | (b)$13.463 | |
Ending Number of
AUs |
(a)381,814 | (a)782,254 | (a)97,020 | (a)281,802 | (a)379,167 |
(b)6,467 | (b)19,976 | (b)30,195 | (b)33,632 | (b)59,485 | |
SA
Janus Focused Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$16.786 | (a)$16.429 | (a)$15.942 | (a)$20.890 | (a)$20.866 |
(b)$16.530 | (b)$16.151 | (b)$15.634 | (b)$19.986 | (b)$19.883 | |
Ending
AUV |
(a)$16.429 | (a)$15.942 | (a)$20.890 | (a)$20.866 | (a)$28.043 |
(b)$16.151 | (b)$15.634 | (b)$19.986 | (b)$19.883 | (b)$26.615 | |
Ending Number of
AUs |
(a)3,682 | (a)10,070 | (a)0 | (a)72 | (a)3,993 |
(b)885 | (b)3,288 | (b)3,663 | (b)4,177 | (b)4,635 | |
SA
JPMorgan Diversified Balanced Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.850 | (a)$15.386 | (a)$16.236 | (a)$18.686 | (a)$17.000 |
(b)$15.604 | (b)$15.122 | (b)$15.917 | (b)$17.910 | (b)$16.228 | |
Ending
AUV |
(a)$15.386 | (a)$16.236 | (a)$18.686 | (a)$17.000 | (a)$19.951 |
(b)$15.122 | (b)$15.917 | (b)$17.910 | (b)$16.228 | (b)$18.970 | |
Ending Number of
AUs |
(a)7,076 | (a)35,712 | (a)7,627 | (a)41,700 | (a)51,261 |
(b)200 | (b)1,007 | (b)336 | (b)365 | (b)13,862 | |
SA
JPMorgan Emerging Markets Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.811 | (a)$9.016 | (a)$9.828 | (a)$14.087 | (a)$11.200 |
(b)$11.631 | (b)$8.864 | (b)$9.638 | (b)$13.470 | (b)$10.666 | |
Ending
AUV |
(a)$9.016 | (a)$9.828 | (a)$14.087 | (a)$11.200 | (a)$13.375 |
(b)$8.864 | (b)$9.638 | (b)$13.470 | (b)$10.666 | (b)$12.686 | |
Ending Number of
AUs |
(a)3,351 | (a)13,381 | (a)0 | (a)2,826 | (a)3,641 |
(b)956 | (b)3,989 | (b)4,421 | (b)13,606 | (b)16,532 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
JPMorgan Equity-Income Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.707 | (a)$15.142 | (a)$17.228 | (a)$20.678 | (a)$19.482 |
(b)$15.452 | (b)$14.871 | (b)$16.877 | (b)$19.609 | (b)$18.400 | |
Ending
AUV |
(a)$15.142 | (a)$17.228 | (a)$20.678 | (a)$19.482 | (a)$24.428 |
(b)$14.871 | (b)$16.877 | (b)$19.609 | (b)$18.400 | (b)$22.980 | |
Ending Number of
AUs |
(a)9,227 | (a)41,218 | (a)1,033 | (a)907 | (a)849 |
(b)2,835 | (b)10,783 | (b)12,819 | (b)12,801 | (b)12,972 | |
SA
JPMorgan Global Equities Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$13.141 | (a)$12.254 | (a)$12.749 | (a)$16.045 | (a)$14.067 |
(b)$12.918 | (b)$12.026 | (b)$12.481 | (b)$15.243 | (b)$13.310 | |
Ending
AUV |
(a)$12.254 | (a)$12.749 | (a)$16.045 | (a)$14.067 | (a)$16.629 |
(b)$12.026 | (b)$12.481 | (b)$15.243 | (b)$13.310 | (b)$15.671 | |
Ending Number of
AUs |
(a)0 | (a)141 | (a)0 | (a)0 | (a)1,384 |
(b)0 | (b)0 | (b)0 | (b)2,926 | (b)122 | |
SA
JPMorgan MFS Core Bond Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$13.927 | (a)$13.656 | (a)$13.900 | (a)$14.660 | (a)$14.390 |
(b)$13.717 | (b)$13.427 | (b)$13.633 | (b)$13.919 | (b)$13.608 | |
Ending
AUV |
(a)$13.656 | (a)$13.900 | (a)$14.660 | (a)$14.390 | (a)$15.511 |
(b)$13.427 | (b)$13.633 | (b)$13.919 | (b)$13.608 | (b)$14.609 | |
Ending Number of
AUs |
(a)26,163 | (a)104,542 | (a)18,523 | (a)49,038 | (a)63,455 |
(b)3,767 | (b)17,264 | (b)22,811 | (b)24,170 | (b)32,611 | |
SA
JPMorgan Mid-Cap Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$21.052 | (a)$19.998 | (a)$19.731 | (a)$25.758 | (a)$24.158 |
(b)$20.719 | (b)$19.649 | (b)$19.339 | (b)$24.626 | (b)$23.004 | |
Ending
AUV |
(a)$19.998 | (a)$19.731 | (a)$25.758 | (a)$24.158 | (a)$33.255 |
(b)$19.649 | (b)$19.339 | (b)$24.626 | (b)$23.004 | (b)$31.540 | |
Ending Number of
AUs |
(a)925 | (a)1,553 | (a)147 | (a)1,570 | (a)2,159 |
(b)0 | (b)0 | (b)2,685 | (b)3,976 | (b)3,758 | |
SA
Large Cap Growth Index Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$9.592 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$9.566 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$9.592 | (a)$12.364 |
(b)N/A | (b)N/A | (b)N/A | (b)$9.566 | (b)$12.282 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)0 | (a)16,921 |
(b)N/A | (b)N/A | (b)N/A | (b)653 | (b)1,610 | |
SA
Large Cap Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.491 | (a)$9.854 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.481 | (b)$9.805 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.491 | (a)$9.854 | (a)$12.723 |
(b)N/A | (b)N/A | (b)$10.481 | (b)$9.805 | (b)$12.610 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)0 | (a)9,444 |
(b)N/A | (b)N/A | (b)0 | (b)5,141 | (b)15,518 | |
SA
Large Cap Value Index Portfolio – SAST Class 3 Shares (Inception Date – 5/01/18) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)N/A | (a)$9.300 |
(b)N/A | (b)N/A | (b)N/A | (b)N/A | (b)$9.275 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$9.300 | (a)$12.066 |
(b)N/A | (b)N/A | (b)N/A | (b)$9.275 | (b)$11.985 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)N/A | (a)0 | (a)4,800 |
(b)N/A | (b)N/A | (b)N/A | (b)0 | (b)19 | |
SA
Legg Mason BW Large Cap Value Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.024 | (a)$14.380 | (a)$16.226 | (a)$19.714 | (a)$17.761 |
(b)$14.794 | (b)$14.137 | (b)$15.912 | (b)$18.844 | (b)$16.909 | |
Ending
AUV |
(a)$14.380 | (a)$16.226 | (a)$19.714 | (a)$17.761 | (a)$22.015 |
(b)$14.137 | (b)$15.912 | (b)$18.844 | (b)$16.909 | (b)$20.876 | |
Ending Number of
AUs |
(a)6,179 | (a)25,265 | (a)0 | (a)0 | (a)0 |
(b)1,401 | (b)6,762 | (b)11,646 | (b)11,819 | (b)13,061 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
Legg Mason Tactical Opportunities Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.285 | (a)$9.561 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.276 | (b)$9.514 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.285 | (a)$9.561 | (a)$11.180 |
(b)N/A | (b)N/A | (b)$10.276 | (b)$9.514 | (b)$11.080 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)2,755 | (a)9,054 | (a)18,671 |
(b)N/A | (b)N/A | (b)0 | (b)464 | (b)3,741 | |
SA
MFS Blue Chip Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$16.531 | (a)$16.281 | (a)$17.049 | (a)$21.931 | (a)$20.490 |
(b)$16.278 | (b)$16.005 | (b)$16.719 | (b)$20.861 | (b)$19.412 | |
Ending
AUV |
(a)$16.281 | (a)$17.049 | (a)$21.931 | (a)$20.490 | (a)$26.710 |
(b)$16.005 | (b)$16.719 | (b)$20.861 | (b)$19.412 | (b)$25.204 | |
Ending Number of
AUs |
(a)3,427 | (a)22,414 | (a)732 | (a)643 | (a)4,162 |
(b)629 | (b)3,759 | (b)6,515 | (b)7,414 | (b)8,986 | |
SA
MFS Massachusetts Investors Trust Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$17.417 | (a)$16.867 | (a)$18.042 | (a)$22.369 | (a)$20.865 |
(b)$17.146 | (b)$16.577 | (b)$17.688 | (b)$21.442 | (b)$19.920 | |
Ending
AUV |
(a)$16.867 | (a)$18.042 | (a)$22.369 | (a)$20.865 | (a)$27.124 |
(b)$16.577 | (b)$17.688 | (b)$21.442 | (b)$19.920 | (b)$25.791 | |
Ending Number of
AUs |
(a)8,658 | (a)33,665 | (a)0 | (a)1,677 | (a)1,526 |
(b)2,080 | (b)9,880 | (b)11,559 | (b)11,880 | (b)12,661 | |
SA
MFS Total Return Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.765 | (a)$14.260 | (a)$15.315 | (a)$17.319 | (a)$16.094 |
(b)$14.541 | (b)$14.021 | (b)$15.021 | (b)$16.557 | (b)$15.325 | |
Ending
AUV |
(a)$14.260 | (a)$15.315 | (a)$17.319 | (a)$16.094 | (a)$19.101 |
(b)$14.021 | (b)$15.021 | (b)$16.557 | (b)$15.325 | (b)$18.115 | |
Ending Number of
AUs |
(a)1,945 | (a)27,691 | (a)5,219 | (a)17,439 | (a)21,177 |
(b)323 | (b)1,603 | (b)0 | (b)2,010 | (b)10,916 | |
SA
Mid Cap Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.454 | (a)$9.108 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.444 | (b)$9.063 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.454 | (a)$9.108 | (a)$11.273 |
(b)N/A | (b)N/A | (b)$10.444 | (b)$9.063 | (b)$11.172 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)0 | (a)13,397 |
(b)N/A | (b)N/A | (b)0 | (b)1,669 | (b)7,791 | |
SA
Morgan Stanley International Equities Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.473 | (a)$10.317 | (a)$9.960 | (a)$12.552 | (a)$10.654 |
(b)$11.295 | (b)$10.140 | (b)$9.765 | (b)$11.993 | (b)$10.138 | |
Ending
AUV |
(a)$10.317 | (a)$9.960 | (a)$12.552 | (a)$10.654 | (a)$12.659 |
(b)$10.140 | (b)$9.765 | (b)$11.993 | (b)$10.138 | (b)$11.998 | |
Ending Number of
AUs |
(a)4,931 | (a)35,509 | (a)0 | (a)0 | (a)888 |
(b)1,360 | (b)7,353 | (b)13,409 | (b)20,797 | (b)21,491 | |
SA
PGI Asset Allocation Portfolio – AST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$15.992 | (a)$15.031 | (a)$16.395 | (a)$18.799 | (a)$17.697 |
(b)$15.718 | (b)$14.748 | (b)$16.046 | (b)$17.929 | (b)$16.810 | |
Ending
AUV |
(a)$15.031 | (a)$16.395 | (a)$18.799 | (a)$17.697 | (a)$21.031 |
(b)$14.748 | (b)$16.046 | (b)$17.929 | (b)$16.810 | (b)$19.897 | |
Ending Number of
AUs |
(a)0 | (a)0 | (a)0 | (a)639 | (a)5,490 |
(b)0 | (b)0 | (b)0 | (b)0 | (b)0 | |
SA
PIMCO VCP Tactical Balanced Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.512 | (a)$10.784 | (a)$11.367 | (a)$13.128 | (a)$12.047 |
(b)$11.455 | (b)$10.713 | (b)$11.263 | (b)$12.886 | (b)$11.777 | |
Ending
AUV |
(a)$10.784 | (a)$11.367 | (a)$13.128 | (a)$12.047 | (a)$14.144 |
(b)$10.713 | (b)$11.263 | (b)$12.886 | (b)$11.777 | (b)$13.771 | |
Ending Number of
AUs |
(a)337,771 | (a)1,214,380 | (a)69,519 | (a)274,291 | (a)366,890 |
(b)6,812 | (b)50,526 | (b)69,675 | (b)81,337 | (b)76,230 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
PineBridge High-Yield Bond Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$14.212 | (a)$12.893 | (a)$15.012 | (a)$16.632 | (a)$15.773 |
(b)$13.989 | (b)$12.670 | (b)$14.715 | (b)$15.860 | (b)$14.981 | |
Ending
AUV |
(a)$12.893 | (a)$15.012 | (a)$16.632 | (a)$15.773 | (a)$17.848 |
(b)$12.670 | (b)$14.715 | (b)$15.860 | (b)$14.981 | (b)$16.884 | |
Ending Number of
AUs |
(a)2,822 | (a)12,463 | (a)1,035 | (a)2,132 | (a)16,636 |
(b)753 | (b)3,423 | (b)6,842 | (b)6,978 | (b)11,494 | |
SA
Putnam Asset Allocation Diversified Growth Portfolio – SST Class 3 Shares (Inception Date – 9/26/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$10.315 | (a)$12.189 | (a)$10.993 |
(b)N/A | (b)N/A | (b)$10.308 | (b)$12.128 | (b)$10.894 | |
Ending
AUV |
(a)N/A | (a)$10.315 | (a)$12.189 | (a)$10.993 | (a)$13.019 |
(b)N/A | (b)$10.308 | (b)$12.128 | (b)$10.894 | (b)$12.851 | |
Ending Number of
AUs |
(a)N/A | (a)0 | (a)27,054 | (a)86,130 | (a)125,448 |
(b)N/A | (b)0 | (b)4,617 | (b)4,728 | (b)4,682 | |
SA
Putnam International Growth and Income Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$9.830 | (a)$8.695 | (a)$8.691 | (a)$10.888 | (a)$8.845 |
(b)$9.661 | (b)$8.532 | (b)$8.506 | (b)$10.401 | (b)$8.416 | |
Ending
AUV |
(a)$8.695 | (a)$8.691 | (a)$10.888 | (a)$8.845 | (a)$10.495 |
(b)$8.532 | (b)$8.506 | (b)$10.401 | (b)$8.416 | (b)$9.946 | |
Ending Number of
AUs |
(a)0 | (a)7,788 | (a)0 | (a)0 | (a)0 |
(b)0 | (b)0 | (b)0 | (b)0 | (b)597 | |
SA
Schroders VCP Global Allocation Portfolio – SAST Class 3 Shares (Inception Date – 1/25/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$10.844 | (a)$12.142 | (a)$10.920 |
(b)N/A | (b)N/A | (b)$10.819 | (b)$12.048 | (b)$10.792 | |
Ending
AUV |
(a)N/A | (a)$10.844 | (a)$12.142 | (a)$10.920 | (a)$12.837 |
(b)N/A | (b)$10.819 | (b)$12.048 | (b)$10.792 | (b)$12.636 | |
Ending Number of
AUs |
(a)N/A | (a)517,217 | (a)130,394 | (a)334,318 | (a)412,287 |
(b)N/A | (b)36,467 | (b)60,882 | (b)61,239 | (b)61,234 | |
SA
Small Cap Index Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.157 | (a)$8.847 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.147 | (b)$8.803 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.157 | (a)$8.847 | (a)$10.888 |
(b)N/A | (b)N/A | (b)$10.147 | (b)$8.803 | (b)$10.791 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)0 | (a)3,262 |
(b)N/A | (b)N/A | (b)0 | (b)5,213 | (b)9,139 | |
SA
T. Rowe Price Asset Allocation Growth Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.292 | (a)$9.590 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.282 | (b)$9.543 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.292 | (a)$9.590 | (a)$11.780 |
(b)N/A | (b)N/A | (b)$10.282 | (b)$9.543 | (b)$11.675 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)0 | (a)51,473 | (a)95,466 |
(b)N/A | (b)N/A | (b)0 | (b)0 | (b)7,724 | |
SA
T. Rowe Price VCP Balanced Portfolio – SAST Class 3 Shares (Inception Date – 1/25/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$10.588 | (a)$12.465 | (a)$11.446 |
(b)N/A | (b)N/A | (b)$10.563 | (b)$12.368 | (b)$11.313 | |
Ending
AUV |
(a)N/A | (a)$10.588 | (a)$12.465 | (a)$11.446 | (a)$13.836 |
(b)N/A | (b)$10.563 | (b)$12.368 | (b)$11.313 | (b)$13.620 | |
Ending Number of
AUs |
(a)N/A | (a)836,972 | (a)176,535 | (a)571,022 | (a)750,605 |
(b)N/A | (b)46,628 | (b)85,834 | (b)93,945 | (b)101,801 | |
SA
Templeton Foreign Value Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.257 | (a)$10.258 | (a)$10.243 | (a)$12.574 | (a)$10.396 |
(b)$12.071 | (b)$10.086 | (b)$10.046 | (b)$12.015 | (b)$9.894 | |
Ending
AUV |
(a)$10.258 | (a)$10.243 | (a)$12.574 | (a)$10.396 | (a)$11.500 |
(b)$10.086 | (b)$10.046 | (b)$12.015 | (b)$9.894 | (b)$10.901 | |
Ending Number of
AUs |
(a)5,405 | (a)26,231 | (a)1,116 | (a)3,391 | (a)3,552 |
(b)1,360 | (b)7,562 | (b)9,616 | (b)16,824 | (b)22,017 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
Variable Portfolios | Inception
to 12/31/15 |
Fiscal
Year Ended 12/31/16 |
Fiscal
Year Ended 12/31/17 |
Fiscal
Year Ended 12/31/18 |
Fiscal
Year Ended 12/31/19 |
SA
VCP Dynamic Allocation Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.764 | (a)$11.749 | (a)$12.121 | (a)$14.480 | (a)$13.337 |
(b)$12.660 | (b)$11.634 | (b)$11.972 | (b)$14.140 | (b)$12.971 | |
Ending
AUV |
(a)$11.749 | (a)$12.121 | (a)$14.480 | (a)$13.337 | (a)$15.873 |
(b)$11.634 | (b)$11.972 | (b)$14.140 | (b)$12.971 | (b)$15.377 | |
Ending Number of
AUs |
(a)1,731,873 | (a)3,432,422 | (a)243,373 | (a)683,019 | (a)853,969 |
(b)49,670 | (b)90,583 | (b)106,132 | (b)128,582 | (b)146,127 | |
SA
VCP Dynamic Strategy Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.576 | (a)$11.629 | (a)$12.070 | (a)$14.220 | (a)$13.046 |
(b)$12.490 | (b)$11.530 | (b)$11.938 | (b)$13.913 | (b)$12.713 | |
Ending
AUV |
(a)$11.629 | (a)$12.070 | (a)$14.220 | (a)$13.046 | (a)$15.400 |
(b)$11.530 | (b)$11.938 | (b)$13.913 | (b)$12.713 | (b)$14.947 | |
Ending Number of
AUs |
(a)1,559,723 | (a)2,888,567 | (a)175,549 | (a)530,830 | (a)635,727 |
(b)54,387 | (b)85,239 | (b)90,881 | (b)129,686 | (b)147,800 | |
SA
VCP Index Allocation Portfolio – SAST Class 3 Shares (Inception Date – 10/09/17) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)N/A | (a)$10.395 | (a)$9.512 |
(b)N/A | (b)N/A | (b)N/A | (b)$10.385 | (b)$9.465 | |
Ending
AUV |
(a)N/A | (a)N/A | (a)$10.395 | (a)$9.512 | (a)$11.566 |
(b)N/A | (b)N/A | (b)$10.385 | (b)$9.465 | (b)$11.463 | |
Ending Number of
AUs |
(a)N/A | (a)N/A | (a)1,278 | (a)458,666 | (a)690,877 |
(b)N/A | (b)N/A | (b)0 | (b)29,690 | (b)65,476 | |
SA
Wellington Capital Appreciation Portfolio – AST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$23.725 | (a)$23.642 | (a)$23.741 | (a)$31.763 | (a)$31.087 |
(b)$23.341 | (b)$23.220 | (b)$23.259 | (b)$30.334 | (b)$29.569 | |
Ending
AUV |
(a)$23.642 | (a)$23.741 | (a)$31.763 | (a)$31.087 | (a)$40.209 |
(b)$23.220 | (b)$23.259 | (b)$30.334 | (b)$29.569 | (b)$38.093 | |
Ending Number of
AUs |
(a)5,286 | (a)25,898 | (a)219 | (a)2,416 | (a)17,675 |
(b)848 | (b)4,143 | (b)4,952 | (b)9,065 | (b)16,221 | |
SA
Wellington Government and Quality Bond Portfolio – AST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$12.404 | (a)$12.258 | (a)$12.247 | (a)$12.713 | (a)$12.541 |
(b)$12.220 | (b)$12.055 | (b)$12.014 | (b)$12.155 | (b)$11.942 | |
Ending
AUV |
(a)$12.258 | (a)$12.247 | (a)$12.713 | (a)$12.541 | (a)$13.273 |
(b)$12.055 | (b)$12.014 | (b)$12.155 | (b)$11.942 | (b)$12.589 | |
Ending Number of
AUs |
(a)12,336 | (a)79,931 | (a)26,787 | (a)40,774 | (a)63,586 |
(b)2,960 | (b)14,306 | (b)18,469 | (b)18,106 | (b)28,012 | |
SA
Wellington Real Return Portfolio – SST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$11.567 | (a)$11.191 | (a)$11.455 | (a)$11.842 | (a)$11.682 |
(b)$11.416 | (b)$11.027 | (b)$11.259 | (b)$11.300 | (b)$11.103 | |
Ending
AUV |
(a)$11.191 | (a)$11.455 | (a)$11.842 | (a)$11.682 | (a)$12.187 |
(b)$11.027 | (b)$11.259 | (b)$11.300 | (b)$11.103 | (b)$11.537 | |
Ending Number of
AUs |
(a)5,468 | (a)26,680 | (a)18,686 | (a)47,115 | (a)111,247 |
(b)948 | (b)6,656 | (b)7,207 | (b)12,299 | (b)17,138 | |
SA
Wellington Strategic Multi-Asset Portfolio – AST Class 3 Shares (Inception Date – 9/26/16) | |||||
Beginning
AUV |
(a)N/A | (a)N/A | (a)$9.913 | (a)$11.379 | (a)$10.370 |
(b)N/A | (b)N/A | (b)$9.907 | (b)$11.322 | (b)$10.276 | |
Ending
AUV |
(a)N/A | (a)$9.913 | (a)$11.379 | (a)$10.370 | (a)$12.186 |
(b)N/A | (b)$9.907 | (b)$11.322 | (b)$10.276 | (b)$12.028 | |
Ending Number of
AUs |
(a)N/A | (a)0 | (a)8,320 | (a)47,003 | (a)62,881 |
(b)N/A | (b)0 | (b)1,504 | (b)1,914 | (b)27,172 | |
SA
WellsCap Aggressive Growth Portfolio – SAST Class 3 Shares (Inception Date – 5/01/15) | |||||
Beginning
AUV |
(a)$13.829 | (a)$12.620 | (a)$13.343 | (a)$17.527 | (a)$16.108 |
(b)$13.584 | (b)$12.376 | (b)$13.052 | (b)$16.613 | (b)$15.208 | |
Ending
AUV |
(a)$12.620 | (a)$13.343 | (a)$17.527 | (a)$16.108 | (a)$22.124 |
(b)$12.376 | (b)$13.052 | (b)$16.613 | (b)$15.208 | (b)$20.803 | |
Ending Number of
AUs |
(a)0 | (a)1,256 | (a)504 | (a)2,495 | (a)7,396 |
(b)0 | (b)4,454 | (b)4,068 | (b)10,395 | (b)11,522 | |
(a) | Reflecting minimum Separate Account expenses |
(b) | Reflecting maximum Separate Account expenses, with election of the optional Maximum Anniversary Value Death Benefit. |
PROSPECTUS PROVISION | AVAILABILITY OR VARIATION | ISSUE STATE |
Administration Charge | Contract Maintenance Fee is $30. | New Mexico |
Administration Charge | Charge will be deducted pro-rata from Variable Portfolios only. | Oregon
Texas Washington |
Annuity Date | You may switch to the Income Phase any time after your first contract anniversary. | Florida |
Cancellation of Living Benefit | Amounts allocated to the Secure Value Account will be automatically transferred to the Goldman Sachs VIT Government Money Market Fund or similar money market portfolio. | Washington |
Free Look | If you are age 65 or older on the contract issue date, the Free Look period is 30 days. | Arizona |
Free Look | If
you are age 60 or older on the contract issue date: The Free Look period is 30 days; and If you invest in the Money Market Portfolio, the Free Look amount is calculated as the Purchase Payments paid; or If you invest in Variable Portfolio(s), the Free Look amount is calculated as the greater of (1) Purchase Payments or (2) the value of your contract plus any fees paid on the day we received your request in Good Order at the Annuity Service Center. If you are younger than age 60 on the contract issue date, the Free Look amount is calculated as the value of your contract plus fees and charges on the day we received your request in Good Order at the Annuity Service Center. |
California |
Free Look | The Free Look period is 21 days and the amount is calculated as the value of your contract plus fees and charges on the day we receive your request in Good Order at the Annuity Service Center. | Florida |
Free Look | The Free Look period is 20 days. | Idaho
North Dakota Rhode Island Texas |
Free Look | The Free Look amount is calculated as the value of your contract plus fees and charges on the day we received your request in Good Order at the Annuity Service Center. | Michigan
Minnesota Missouri Texas |
Free Look | The Free Look amount is calculated as the greater of (1) Purchase Payments including fees and charges or (2) the value of your contract on the day we receive your request in Good Order at the Annuity Service Center. | Arkansas |
Joint Ownership | Benefits and Features to be made available to Domestic Partners | California
District of Columbia Maine Nevada Oregon Washington Wisconsin |
Joint Ownership | Benefits and Features to be made available to Civil Union Partners | California
Colorado Hawaii Illinois New Jersey Rhode Island |
Minimum Contract Value | The minimum remaining contract value after a partial withdrawal must be $2,000. | Texas |
Nursing Home Waiver | The Nursing Home Waiver is not available for contracts. | California
Missouri |
Nursing Home Waiver | The Nursing Home Waiver is not available for contracts purchased on or after February 6, 2017. | Connecticut
Massachusetts Pennsylvania |
Premium Tax | We deduct premium tax charges of 0.50% for Qualified contracts and 2.35% for Non-Qualified contracts based on contract value when you begin the Income Phase. | California |
Premium Tax | We deduct premium tax charges of 2.0% for Non-Qualified contracts based on total Purchase Payments when you begin the Income Phase. | Maine |
Premium Tax | We deduct premium tax charges of 3.5% for Non-Qualified contracts based on contract value when you begin the Income Phase. | Nevada |
PROSPECTUS PROVISION | AVAILABILITY OR VARIATION | ISSUE STATE |
Premium Tax | For the first $500,000 in the contract, we deduct premium tax charges of 1.25% for Non-Qualified contracts based on total Purchase Payments when you begin the Income Phase. For any amount in excess of $500,000 in the contract, we deduct front-end premium tax charges of 0.08% for Non-Qualified contracts based on total Purchase Payments when you begin the Income Phase. | South Dakota |
Premium Tax | We deduct premium tax charges of 1.0% for Qualified contracts and 1.0% for Non-Qualified contracts based on contract value when you begin the Income Phase. | West Virginia |
Premium Tax | We deduct premium tax charges of 1.0% for Non-Qualified contracts based on total Purchase Payments when you begin the Income Phase. | Wyoming |
Polaris
Income Builder Polaris Income Plus |
Charge will be deducted pro-rata from Variable Portfolios only. | Missouri
Oregon Texas Washington |
Polaris Income Plus Daily | Charge will be deducted pro-rata from Variable Portfolios only. | Hawaii
Missouri Oregon Texas Washington |
Polaris
Income Max Polaris Income Plus Daily Flex Polaris Income Plus Flex |
Charge will be deducted pro-rata from Variable Portfolios only | Connecticut
Hawaii Missouri Texas Vermont Virginia Washington |
Transfer Privilege | Any transfer over the limit of 15 will incur a $10 transfer fee. | Pennsylvania
Texas |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.25% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The fee rate can decrease or increase no more than 0.10% each quarter (0.40%/4). If you change your Income Option election on the Activation Date, the quarterly fee can increase no more than 0.1625% [(.40% + 0.25%)/4] on the first Benefit Quarter Anniversary following the Activation Date. |
Lifetime Income Option Change Fee* | 0.25% |
* | The sum of the Living Benefit fee and Lifetime Income Option Change fee cannot be more than 0.625% (2.50%/4) for each Benefit Quarter. The sum of the Living Benefit feature fee rate and Lifetime Income Option Change fee rate cannot exceed the Maximum Annual Fee Rate stated in the table above. |
• | Polaris Income Max Lifetime Income Option 1 for one Covered Person was elected at issue. |
Benefit
Quarter |
Quarterly
Average (Daily VIX2) |
Calculated
Formula Value* |
Annual
Fee Rate |
Quarterly
Fee Rate** |
1st | 525.71 | N/A | 1.25% | 0.3125% |
2nd | 412.12 | N/A | 1.25% | 0.3125% |
3rd | 770.25 | N/A | 1.25% | 0.3125% |
4th | 573.97 | N/A | 1.25% | 0.3125% |
5th | 204.42 | 1.06% | 1.06% | 0.2650% |
* | The Calculated Formula Value equals the number resulting from the application of the formula stated above. This amount is compared to the minimum and maximum fee and the maximum quarterly fee increase or decrease to determine the annual fee rate each quarter. |
** | The Quarterly Fee Rate is the Annual Fee Rate divided by 4. |
Step 1: | Calculation of the Annual Fee Rate |
Step 2: | Determine whether the Annual Fee Rate calculated in Step 1 is within the Maximum or Minimum Annual Fee Rate and within the Maximum Quarterly Annualized Fee Rate Increase or Decrease |
Benefit Quarter | Quarterly
Average (Daily VIX2) |
Calculated
Formula Value |
Annual
Fee Rate |
Quarterly
Fee Rate |
6th | 351.93 | 1.28% | 1.28% | 0.3200% |
7th | 307.03 | 1.22% | 1.22% | 0.3050% |
8th | 602.30 | 1.66% | 1.62% | 0.4050% |
9th | 698.25 | 1.81% | 1.81% | 0.4525% |
10th | 323.74 | 1.24% | 1.41% | 0.3525% |
11th | 525.72 | 1.55% | 1.55% | 0.3875% |
12th | 765.45 | 1.91% | 1.91% | 0.4775% |
Step 1: | Calculation of the Annual Fee Rate |
Step 2: | Determine whether the Annual Fee Rate calculated in Step 1 is within the Maximum or Minimum Annual Fee Rate and within the Maximum Quarterly Annualized Fee Rate Increase or Decrease |
Step 1: | Calculation of the Annual Fee Rate |
Step 2: | Determine whether the Annual Fee Rate calculated in Step 1 is within the Maximum or Minimum Annual Fee Rate and within the Maximum Quarterly Annualized Fee Rate Increase or Decrease |
Benefit
Quarter |
Quarterly
Average (Daily VIX2) |
Calculated
Formula Value |
Annual
Fee Rate |
Quarterly
Fee Rate |
Annual
Lifetime Income Option Change Fee |
Quarterly
Lifetime Income Option Change Fee |
12th | 765.45 | 1.91% | 1.91% | 0.4775% | N/A | N/A |
13th | 957.12 | 2.20% | 2.45% | 0.6125% | 0.25% | 0.0625% |
14th | 1,025.43 | 2.30% | 2.50% | 0.6250% | 0.20% | 0.0500% |
15th | 721.89 | 1.84% | 2.15% | 0.5375% | 0.25% | 0.0625% |
16th | 207.38 | 1.06% | 1.75% | 0.4375% | 0.25% | 0.0625% |
Step 1: | Calculation of the Annual Fee Rate |
Step 3: | Combine the Annual Fee Rate calculated in Step 2 with the Lifetime Income Option Change Fee Rate of 0.25% to determine that it is within the Maximum Annual Fee Rate. |
Step 1: | Calculation of the Annual Fee Rate |
Step 3: | Combine the Annual Fee Rate calculated in Step 2 with the Lifetime Income Option Change Fee Rate of 0.25% to determine that it is within the Maximum Annual Fee Rate. |
• | Benefit Effective Date = contract issue date |
• | Initial Purchase Payment = $100,000 |
• | Income Credit Percentage = 5.25% |
• | Covered Person = Owner age 65 on the Benefit Effective Date |
• | Maximum Annual Withdrawal Percentage = 6.25% |
Values as of | Purchase
Payments Invested |
Contract
Value |
Income
Base |
Income
Credit Base |
Maximum
Annual Withdrawal Amount upon Activation |
Benefit Effective Date | $100,000 | $100,000 | $100,000 | $100,000 | $6,250 |
• | Income Base = Initial Purchase Payment = $100,000 |
• | Income Credit Base = Initial Purchase Payment = $100,000 |
• | Maximum Annual Withdrawal Amount = Income Base x Maximum Annual Withdrawal Percentage |
• | Subsequent Purchase Payment invested in the first Benefit Year = $60,000. |
• | Subsequent Purchase Payment invested in the second Benefit Year = $90,000. |
• | No withdrawals taken in the first 2 Benefit Years. |
Values as of | Purchase
Payment Invested |
Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Income
Credit Base |
Income
Credit |
Maximum
Annual Withdrawal Amount upon Activation |
Benefit Effective Date | $100,000 | $100,000 | — | $100,000 | $100,000 | — | $6,250 |
Year 1 | $60,000 | $165,000 | — | $160,000 | $160,000 | — | $10,000 |
1st Anniversary | — | $170,000 | $170,000 | $170,000 | $170,000 | $8,400 | $10,625 |
Year 2 | $90,000 | $255,000 | — | $260,000 | $260,000 | — | $16,250 |
2nd Anniversary | — | $287,000 | $287,000 | $287,000 | $287,000 | $13,650 | $17,938 |
• | The Income Base, Income Credit Base and the Maximum Annual Withdrawal Amount (“MAWA”) are recalculated at the time each subsequent Purchase Payment is received. |
• | The Income Base and Income Credit Base are increased to a Higher Anniversary Value on each Benefit Year Anniversary if the Anniversary Value is greater than the current Income Base plus the Income Credit; and the Maximum Annual Withdrawal Amount (“MAWA”) is recalculated based on the value of the new Income Base, available only if Lifetime Income is activated. |
○ | In year 1, a subsequent Purchase Payment of $60,000 was added. The Income Base and Income Credit Base were increased to $160,000 ($100,000 + $60,000); and the MAWA was increased to $10,000 ($160,000 x 6.25%). |
○ | On the 1st Benefit Year Anniversary, the Income Base and Income Credit Base were increased to $170,000 ($170,000 is greater than $160,000 + $8,400 Income Credit); and the MAWA was increased to $10,625 ($170,000 x 6.25%). |
○ | In year 2, a subsequent Purchase Payment of $90,000 was added. The Income Base and Income Credit Base were increased to $260,000 ($170,000 + $90,000); and the MAWA was increased to $16,250 ($260,000 x 6.25%). |
○ | On the 2nd Benefit Year Anniversary, the Income Base and Income Credit Base were increased to $287,000 ($287,000 is greater than $260,000 + $13,650 Income Credit); and the MAWA was increased to $17,938 ($287,000 x 6.25%). |
• | An Income Credit was added to the Income Base on the third Benefit Year Anniversary, prior to the Activation Date. |
As of | Withdrawal
Taken |
Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Income
Credit Base |
Income
Credit |
Maximum
Annual Withdrawal Amount upon Activation |
2nd Anniversary | — | $287,000 | $287,000 | $287,000 | $287,000 | $13,650 | $17,938 |
3rd Anniversary | — | $300,000 | $300,000 | $302,068 | $287,000 | $15,068 | $18,879 |
• | When the Income Base is increased due to the addition of the Income Credit, the Income Credit Base is not increased. |
• | A withdrawal of $5,000 was taken in the fourth Benefit Year, prior to the Activation Date. |
As of | Withdrawal
Taken |
Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Income
Credit Base |
Income
Credit |
Maximum
Annual Withdrawal Amount upon Activation |
3rd Anniversary | — | $300,000 | $300,000 | $302,068 | $287,000 | $15,068 | $18,879 |
Year 4 | $5,000 | $305,000 | — | $279,116 | $282,295 | — | $18,570 |
4th Anniversary | — | $312,000 | $312,000 | $312,000 | $14,820 | $14,820 | $19,500 |
• | The Income Base and Income Credit Base are reduced in the same proportion by which the contract value is reduced by the pre-Income Activation withdrawal amount. |
○ | In year 4, the reduction proportion was 1.6393% ($5,000/$305,000); the reduced Income Base was $297,116 ($302,068 x [1 – 1.6393%] and Income Credit Base was $282,295 ($287,000 x [1 – 1.6393%]). |
○ | On the 4th Benefit Year Anniversary, the Income Base and Income Credit Base were increased to $312,000 (Anniversary Value $312,000 is greater than $297,116 + $14,820 Income Credit) and the MAWA was increased to $19,500 ($312,000 x 6.25%). |
• | A withdrawal of 100% of MAWA was taken in the fifth Benefit Year, after the Activation Date. |
As of | Withdrawal
Taken |
Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Income
Credit Base |
Income
Credit |
Maximum
Annual Withdrawal Amount |
4th Anniversary | — | $312,000 | $312,000 | $312,000 | $312,000 | $14,820 | $19,500 |
Year 5 | $19,500 | $302,000 | — | $312,000 | — | — | $19,500 |
5th Anniversary | — | $305,000 | $305,000 | $312,000 | — | — | $19,500 |
• | In year 5, a Lifetime Income amount of $19,500 was withdrawn. |
• | The Income Base is not reduced because the amount of the Lifetime Income withdrawal taken was less than or equal to the Maximum Annual Withdrawal Amount (“MAWA”). |
• | No Income Credit is available after the Activation Date. |
• | Withdrawals of 8% of Income Base taken in the sixth and seventh Benefit Years. |
As of | Withdrawal
Taken |
Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Maximum
Annual Withdrawal Amount |
5th Anniversary | — | $305,000 | $305,000 | $312,000 | $19,500 |
Year 6 | $24,960 | $280,000 | — | $306,033 | $19,127 |
6th Anniversary | — | $290,000 | $290,000 | $306,033 | $19,127 |
Year 7 | $24,483 | $260,000 | — | $299,982 | $18,749 |
7th Anniversary | — | $230,000 | $230,000 | $299,982 | $18,749 |
• | The Income Base is reduced by the same proportion by which the contract value is reduced by the amount in excess of the MAWA. |
○ | In year 6, the reduction proportion was 1.9124% ([$24,960 - $19,500] / [$305,000 - $19,500]); the Income Base was reduced to $306,033 ($312,000 x [1 – 1.9124%]); and the MAWA was reduced to $19,127 ($306,033 x 6.25%). |
○ | In year 7, the reduction proportion was 1.9772% ([$24,483 – $19,127] / [$290,000 - $19,127]); the Income Base was reduced to $299,982 ($306,033 x [1 – 1.9772%]); and the MAWA was reduced to $18,749 ($299,982 x 6.25%). |
• | The MAWA is recalculated based on the reduced Income Base. |
• | Contract values as shown below and reduced to $0 in Year 11 due to fees charged and market conditions. |
• | No withdrawals taken after the seventh Benefit Year. |
Values as of | Assumed
Contract Value |
Anniversary
Value |
Income
Base |
Maximum
Annual Withdrawal Amount |
Protected
Income Payment |
7th Anniversary | $230,000 | $230,000 | $299,982 | $18,749 | — |
8th Anniversary | $150,000 | $150,000 | $299,982 | $18,749 | — |
9th Anniversary | $100,000 | $100,000 | $299,982 | $18,749 | — |
10th Anniversary | $50,000 | $50,000 | $299,982 | $18,749 | — |
Year 11 | $0 | $0 | $299,982 | $18,749 | — |
11th Anniversary | $0 | $0 | $299,982 | — | $11,999 |
• | The Protected Income Payment of $11,999 ($299,982 x 4%) will be paid annually for the lifetime of the Covered Person. |
• | Benefit Effective Date = contract issue date |
• | Initial Purchase Payment = $100,000 |
• | Covered Person = Owner age 65 on the Benefit Effective Date |
• | Maximum Annual Withdrawal Percentage = 6.00% |
Value as of | Purchase
Payments Invested |
Contract
Value |
Minimum
Income Base |
Income
Base |
Maximum
Annual Withdrawal Amount upon Activation |
Benefit Effective Date | $100,000 | $100,000 | $100,000 | $100,000 | $6,000 |
• | Minimum Income Base = Income Base = Initial Purchase Payment = $100,000 |
• | Maximum Annual Withdrawal Amount = Income Base x Maximum Annual Withdrawal Percentage |
• | Subsequent Purchase Payment invested in the 1st Benefit Year = $60,000 |
• | Subsequent Purchase Payment invested in the 2nd Benefit Year = $90,000 |
• | No withdrawals taken in the first 2 Benefit Years |
• | The Maximum Annual Withdrawal Amounts in this example are only available if Lifetime Income is activated |
Values as of | Purchase
Payment Invested |
Assumed
Contract Value |
Step-up
Value |
Minimum
Income Base |
Income
Base |
Maximum
Annual Withdrawal Amount upon Activation |
Benefit Effective Date | $100,000 | $100,000 | — | $100,000 | $100,000 | $6,000 |
Year 1 – Day 25 | — | $102,000 | $102,000 | $100,000 | $102,000 | $6,120 |
Year 1 – Day 105 | — | $105,000 | $105,000 | $100,000 | $105,000 | $6,300 |
Year 1 – Day 200 | $60,000 | $162,000 | — | $160,000 | $165,000 | $9,900 |
Year 1 – Day 300 | — | $166,000 | $166,000 | $160,000 | $166,000 | $9,960 |
1st Anniversary | — | $167,000 | $167,000 | $168,000 | $168,000 | $10,080 |
Year 2 – Day 180 | $90,000 | $250,000 | — | $258,000 | $258,000 | $15,480 |
Year 2 – Day 250 | — | $280,000 | $280,000 | $258,000 | $280,000 | $16,800 |
2nd Anniversary | — | $279,000 | — | $270,500 | $280,000 | $16,800 |
• | If no withdrawals have been taken, the Income Base is increased to the Step-up Values on a daily basis and the Maximum Annual Withdrawal Amount (“MAWA”) is recalculated based on the new Income Base, only available after Lifetime Income is activated. |
• | The Income Base and the Maximum Annual Withdrawal Amount (“MAWA”) are recalculated at the time each subsequent Purchase Payment is received. |
○ | In year 1 – day 25, the Income Base was increased to the Step-up Value of $102,000 (Contract Value $102,000 is greater than the current Income Base $100,000) and the MAWA was increased to $6,120 ($102,000 x 6.00%). |
○ | In year 1 – day 105, the Income Base was increased to the Step-up Value of $105,000 (Contract Value $105,000 is greater than the current Income Base $102,000) and the MAWA was increased to $6,300 ($105,000 x 6.00%) |
○ | In year 1 – day 200, the Minimum Income Base was increased to $160,000 ($100,000 + $60,000 subsequent Purchase Payment), the Income Base was increased to $165,000 ($105,000 + $60,000 subsequent Purchase Payment) and the MAWA was increased to $9,900 ($165,000 x 6.00%). |
• | While no Lifetime Income withdrawals have been taken, the Income Base continues to be increased to the Step-up Values on a daily basis and the Maximum Annual Withdrawal Amount (“MAWA”) is recalculated based on the new Income Base. At Benefit Year Anniversaries, the Income Base can also step up to the Minimum Income Base if the Minimum Income Base is greater than the current Income Base. |
○ | In year 1 – day 300, the Income Base was increased to the Step-up Value of $166,000 (Contract Value $166,000 is greater than the current Income Base $165,000) and the MAWA was increased to $9,960 ($166,000 x 6.00%). |
○ | On the 1st Benefit Year Anniversary, the Income Base was increased to the Minimum Income Base of $168,000 ($160,000 x 105%, Minimum Income Base $168,000 is greater than both Step-Up Value $167,000 and current Income Base $166,000) and the MAWA was increased to $10,080 ($168,000 x 6.00%). |
○ | In year 2 – day 180, the Income Base was increased to $258,000 ($168,000 + $90,000 subsequent Purchase Payment), and the MAWA was increased to $15,480 ($258,000 x 6.00%). |
○ | In year 2 – day 250, the Income Base was increased to the Step-up Value of $280,000 (Contract Value $280,000 is greater than the current Income Base $258,000) and the MAWA was increased to $16,800 ($280,000 x 6.00%). |
○ | On the 2nd Benefit Year Anniversary, the Income Base remained unchanged at $280,000 (current Income Base $280,000 is greater than Minimum Income Base $270,500 ($160,000 1st year Purchase Payments x 110% + $90,000 2nd year Purchase Payment x 105%) and the MAWA also remained unchanged at $16,800. |
• | Withdrawals of $5,000 was taken in Benefit Year 3, prior to the Activation Date. |
Value as of | Assumed
Contract Value |
Withdrawal
Taken |
Step-up
Value |
Minimum
Income Base |
Income
Base |
Maximum
Annual Withdrawal Amount upon Activation |
2nd Anniversary | $279,000 | — | — | $270,500 | $280,000 | $16,800 |
Year 3 – Day 45 | $290,000 | — | $290,000 | $270,500 | $290,000 | $17,400 |
Year 3 – Day 155 | $285,000 | $5,000 | — | $265,754 | $284,912 | $17,095 |
Year 3 – Day 275 | $300,000 | — | $300,000 | $265,754 | $300,000 | $18,000 |
3rd Anniversary | $310,000 | — | $310,000 | $278,035 | $310,000 | $18,600 |
○ | In year 3 – day 45, the Income Base was increased to the Step-up Value of $290,000 (Contract Value $290,000 is greater than the current Income Base $280,000) and the MAWA was increased to $17,400 ($290,000 x 6.00%). |
○ | In year 3 – day 155, the reduction proportion was 1.7544% ($5,000 Withdrawal/$285,000 Contract Value). The reduced Income Base was $284,912 ($290,000 x [1 – 1.7544%]) and the reduced MAWA was $17,095 ($284,912 x 6.00%). The reduced Minimum Income Base was $265,754 (110% x 1st year reduced Purchase Payments $157,193 [$160,000 x {1 – 1.7544%}] plus 105% x 2nd year reduced Purchase Payment $88,421 [$90,000 x {1 – 1.7544%}]) |
○ | In year 3 – day 275, the Income Base was increased to the Step-up Value of $300,000 (Contract Value $300,000 Contract Value was greater than current Income Base $284,912) and the MAWA was increased to $18,000 ($300,000 x 6.00%). |
○ | On the third Benefit Year Anniversary, the Income Base was increased to the Step-up Value of $310,000 ($310,000 Contract Value $310,000 was greater than both current Income Base $300,000 and Minimum Income Base $278,035 (115% x $157,193 + 110% x $88,421) and the MAWA was increased to $18,600 ($310,000 x 6.00%). |
• | Withdrawals less than or equal MAWA are taken in the fourth and fifth Benefit Years, after the Activation Date. |
Value as of | Assumed
Contract Value |
Withdrawal
Taken |
Step-up
Value |
Minimum
Income Base |
Income
Base |
Maximum
Annual Withdrawal Amount upon Activation |
3rd Anniversary | $310,000 | — | $310,000 | $287,035 | $310,000 | $18,600 |
Year 4 – Day 65 | $315,000 | — | $315,000 | $287,035 | $315,000 | $18,900 |
Year 4 – Day 92 | $312,000 | $10,000 | — | — | $315,000 | $18,900 |
Year 4 – Day 350 | $320,000 | — | $320,000 | — | $315,000 | $18,900 |
4th Anniversary | $311,000 | — | — | — | $320,000 | $19,200 |
Year 5 – Day 75 | $325,000 | — | $325,000 | — | $320,000 | $19,200 |
Year 5 – Day 80 | $322,000 | $19,200 | — | — | $320,000 | $19,200 |
5th Anniversary | $317,000 | — | — | — | $325,000 | $19,500 |
Year 6 – Day 155 | $330,000 | — | $330,000 | — | $325,000 | $19,500 |
6th Anniversary | $329,000 | — | — | — | $330,000 | $19,800 |
• | In year 4, a Lifetime Income amount of $10,000, less than MAWA was withdrawn. |
• | In year 5, a Lifetime Income amount of $19,200, equal to MAWA was withdrawn. |
• | Prior to the Activation Date, the Income Base is increased to the Step-up Values on a daily basis and the Maximum Annual Withdrawal Amount (MAWA) is recalculated based on the new Income Base. |
○ | In year 4 – day 65, the Income Base was increased to the Step-up Value of $315,000 (Contract Value $315,000 is greater than the current Income Base $310,000) and the MAWA was increased to $18,900 ($315,000 x 6.00%). |
○ | In year 4 – day 92, after the Activation Date, a Lifetime Income amount of $10,000 was withdrawn, and was less than the MAWA of $18,900. The Income Base ($315,000) and the MAWA ($18,900) remained unchanged. |
• | After the first Lifetime Income withdrawal has been taken, The Minimum Income Base is no longer available, and the Income Base is not increased until the next Benefit Year Anniversary date, looking back at the Step-up Values following the first Lifetime Income withdrawal. |
○ | In year 4 – day 350, there was a Step-up Value of $320,000, but the Income Base ($315,000) and the MAWA ($18,900) remained unchanged. |
○ | On the 4th Benefit Year Anniversary date, the Income Base was increased to the Step-up Value $320,000 that had occurred between the date of the Lifetime Income withdrawal and the 4th Benefit Year Anniversary date, and the MAWA was increased to $19,200 ($320,000 x 6.00%). |
• | Past the first Benefit Year Anniversary date after the first Lifetime Income withdrawal has been taken, the Income Base is not increased until the next Benefit Year Anniversary date, looking back at the Step-up Values in the immediately preceding Benefit Year. |
○ | In year 5 – day 75, there was a Step-up Value of $325,000, but the Income Base ($320,000) and the MAWA ($19,200) remained unchanged. |
○ | In year 5 – day 80, a Lifetime Income amount $19,200 was withdrawn and was equal to the MAWA of $19,200. The Income Base ($320,000) and the MAWA ($19,200) remained unchanged. |
○ | On the 5th Benefit Year Anniversary date, the Income Base was increased to the Step-up Value $325,000 that had occurred during the immediately preceding Benefit Year, and the MAWA was increased to $19,500 ($325,000 x 6.00%). |
○ | In year 6 – day 155, there was a Step-up Value of $330,000, but the Income Base ($325,000) and the MAWA ($19,500) remained unchanged. |
○ | On the 6th Benefit Year Anniversary date, the Income Base was increased to the Step-up Value $330,000 that had occurred during the immediately preceding Benefit Year, and the MAWA was increased to $19,800 ($330,000 x 6.00%). |
• | Withdrawal of 8% of Income Base taken in the seventh and eighth contract years. |
Value as of | Assumed
Contract Value |
Withdrawal
Taken |
Step-up
Value |
Income
Base |
Maximum
Annual Withdrawal Amount |
6th Anniversary | $329,000 | — | — | $330,000 | $19,800 |
Year 7 – Day 37 | $321,000 | $26,400 | — | $322,769 | $19,366 |
Year 7 – Day 362 | $325,000 | — | $325,000 | $322,769 | $19,366 |
7th Anniversary | $317,000 | — | — | $325,000 | $19,500 |
Year 8 – Day 46 | $307,000 | $26,000 | — | $317,652 | $19,059 |
8th Anniversary | $270,000 | — | — | $317,652 | $19,059 |
• | The Income Base is reduced by the same proportion by which the contract value is reduced by the amount in excess of the MAWA. |
○ | In year 7 – day 37, the reduction proportion is 2.1912% ([$26,400 - $19,800] / [$321,000 - $19,800]); the reduced Income Base was $322,769 ($330,000 x [1 – 2.1912%]) and the reduced MAWA was $19,366 ($322,769 x 6.00%). |
○ | In year 7 – day 362, there was a Step-up Value of $325,000, but the Income Base ($322,769) and the MAWA ($19,366) remained unchanged. |
○ | On the 7th Benefit Year Anniversary date, the Income Base was increased to the Step-up Value $325,000 that had occurred after the Excess Withdrawal, and the MAWA was increased to $19,500 ($325,000 x 6.00%). |
○ | In year 8 – day 46, the reduction proportion was 2.2609% ([$26,000 – $19,500] / [$307,000 - $19,500]); the reduced Income Base was $317,652 ($325,000 x [1 – 2.2609%]); and the reduced MAWA was $19,059 ($317,652 x 6.00%). |
• | Contract value as shown and reduced to $0 in Year 12 due to Lifetime Income withdrawals, fees charged and market conditions. |
• | MAWA withdrawals were taken every year. |
• | There were no Step-up Values after the 8th Benefit Year Anniversary date. |
Value as of | Assumed
Contract Value |
Withdrawal
Taken |
Step-up
Value |
Income
Base |
Maximum
Annual Withdrawal Amount |
Protected
Income Payment |
8th Anniversary | $270,000 | — | — | $317,652 | $19,059 | — |
9th Anniversary | $150,000 | $19,059 | — | $317,652 | $19,059 | — |
10th Anniversary | $100,000 | $19,059 | — | $317,652 | $19,059 | — |
11th Anniversary | $50,000 | $19,059 | — | $317,652 | $19,059 | — |
Year 12 – Day 81 | $0 | $19,059 | — | $317,652 | $19,059 | — |
12th Anniversary | $0 | $0 | — | $317,652 | — | $12,706 |
• | The Protected Income Payment of $12,706 ($317,652 x 4%) will be paid annually for the lifetime of the Covered Person. |
• | your contract was issued on or after September 9, 2019; or |
• | your contract was issued between May 1, 2019 and September 8, 2019 and you elected either the Polaris Income Plus Flex or Polaris Income Plus Daily Flex Living Benefit. |
• | If cumulative withdrawals for the current contract year are taken prior to the Continuing Spouse’s |
81st birthday and are less than or equal to the Maximum Annual Withdrawal Amount, the amount of adjustment will equal the amount of each withdrawal. | |
• | If cumulative withdrawals for the current contract year are taken prior to the Continuing Spouse’s 81st birthday and are in excess of the Maximum Annual Withdrawal Amount, the contract value and the death benefit are first reduced by the Maximum Annual Withdrawal Amount. The resulting death benefit is further adjusted by the withdrawal amount in excess of the Maximum Annual Withdrawal Amount (“Excess Withdrawal”) by the percentage by which the Excess Withdrawal reduced the resulting contract value. |
• | If a withdrawal is taken on or after the Continuing Spouse’s 81st birthday, the amount of adjustment is determined by the percentage by which the withdrawal reduced the contract value. |
A. | The following describes the Return of Purchase Payment death benefit and the Maximum Anniversary Value death benefit without election of a Living Benefit: |
1. | Return of Purchase Payment death benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments. |
2. | Maximum Anniversary Value death benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments; or |
c. | Maximum anniversary value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death, plus any Continuation Purchase Payments received since that anniversary; and reduced for any withdrawals since that anniversary in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal. The anniversary value for any year is equal to the contract value on the applicable anniversary after the Continuation Date. |
B. | The following describes the Return of Purchase Payment death benefit and the Maximum Anniversary Value death benefit with election of a Living Benefit: |
1. | Return of Purchase Payment death benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the Living Benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the Living Benefit is terminated; and reduced for any withdrawals in the same proportion |
that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated. |
2. | Maximum Anniversary Value death benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the Living Benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the Living Benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated. |
c. | Maximum anniversary value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death and reduced by: |
(i) | any Withdrawal Adjustments since that contract anniversary, if the Living Benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments since that contract anniversary, prior to the date the Living Benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the Living Benefit is terminated. |
Separate Account
Charge |
1.30% |
Maximum Anniversary Value Death Benefit Fee, if
elected |
0.25% |
Maximum Separate Account Annual
Expenses |
1.55% |
1. | Contract value; or |
2. | Net Purchase Payments. |
1. | Contract value; or |
2. | Purchase Payments received prior to the first contract anniversary reduced by: |
a. | any Withdrawal Adjustments, as defined above, if the living benefit has not been terminated; or |
b. | any Withdrawal Adjustments, as defined above, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
1. | Contract value; or |
2. | Net Purchase Payments; or |
3. | Maximum Anniversary Value on any contract anniversary prior to the earlier of your 83rd birthday or date of death, plus Purchase Payments received since that anniversary; and reduced for any withdrawals since that anniversary in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal. The anniversary value for any year is equal to the contract value on the applicable contract anniversary. |
1. | Contract value; or |
2. | Purchase Payments received prior to the first contract anniversary reduced by: |
a. | any Withdrawal Adjustments, if the living benefit has not been terminated: or |
b. | any Withdrawal Adjustments, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated; or |
3. | Maximum Anniversary Value on any contract anniversary prior to the earlier of your 83rd birthday or date of death and reduced by: |
a. | any Withdrawal Adjustments since that contract anniversary, if the living benefit has not been terminated; or |
b. | any Withdrawal Adjustments since that contract anniversary, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
1. | Standard Death Benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments. |
2. | Maximum Anniversary Value Death Benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments; or |
c. | Maximum Anniversary Value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death, plus any Continuation Purchase Payments received since that anniversary; and reduced for any withdrawals since that anniversary in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal. The anniversary value for any year is equal to the contract value on the applicable anniversary after the Continuation Date. |
1. | Standard Death Benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received prior to the first contract anniversary reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
2. | Maximum Anniversary Value Death Benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received prior to the first contract anniversary reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
c. | Maximum Anniversary Value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death and reduced by: |
(i) | any Withdrawal Adjustments since that contract anniversary, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments since that contract anniversary, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
Polaris Income Plus Flex & Polaris Income Plus Daily
Flex |
G-1 |
Polaris Income Plus Flex & Polaris Income Plus Daily Flex
Fee |
G-15 |
Polaris Income Plus
Daily |
G-20 |
Polaris Income Plus Daily
Fee |
G-28 |
Polaris Income
Plus |
G-31 |
Polaris Income Plus
Fee |
G-38 |
Polaris Income
Builder |
G-42 |
Polaris Income Builder
Fee |
G-47 |
Optional
Living Benefit |
Income
Credit (as a percentage of the Income Credit Base) |
Income
Credit Availability Prior to the Activation Date |
Income
Credit Availability On or After Activation Date |
Polaris
Income Plus Flex |
5.25% (For contracts purchased on or after March 30, 2020)6% (For contracts purchased prior to March 30, 2020) | Available during the first 12 Benefit Years – the Income Credit Base and Income Base are reduced proportionately for any withdrawals taken prior to the Activation Date | Available during the first 12 Benefit Years – the Income Credit is reduced, but not eliminated in any Benefit Year in which cumulative withdrawals are less than the applicable Income Credit Percentage |
Polaris
Income Plus Daily Flex |
Not available |
Minimum Income Base Period | Minimum Income Base Percentage (as a Percentage of the Purchase Payments*) |
Activation Date on or after the 12th Benefit Year Anniversary | 200% of Purchase Payments* received in the 1st Benefit Year, plus100% of Purchase Payments* received after the 1st Benefit Year |
* | Purchase Payments reduced proportionately for withdrawals taken prior to the Activation Date. |
Minimum Income Base Period (Lifetime Income is not activated prior to the Benefit Year Anniversary) | Minimum
Income Base Percentage (as a Percentage of the Purchase Payments) |
1 st Benefit Year Anniversary | 105% |
2 nd Benefit Year Anniversary | 110% |
3 rd Benefit Year Anniversary | 115% |
4 th Benefit Year Anniversary | 120% |
5 th Benefit Year Anniversary | 125% |
6 th Benefit Year Anniversary | 130% |
7 th Benefit Year Anniversary | 135% |
8 th Benefit Year Anniversary | 140% |
9 th Benefit Year Anniversary | 145% |
10 th Benefit Year Anniversary | 150% |
11 th Benefit Year Anniversary | 155% |
12 th Benefit Year Anniversary | 160% |
13 th Benefit Year Anniversary | 165% |
14 th Benefit Year Anniversary | 170% |
15 th Benefit Year Anniversary | 175% |
Living Benefit Parameter | Polaris Income Plus Flex | Polaris Income Plus Daily Flex |
Initial Annual Fee | 1.25%
One Covered Person 1.25% Two Covered Persons | |
Minimum Income Base | Minimum Income Base Percentage: 200% of Purchase Payments received in 1st Benefit Year100% of Purchase Payments received after 1st Benefit YearMinimum Income Base Period: 12 years if Lifetime Income is NOT activated | Range of Minimum Income Base Percentage: 105% - 175%Minimum Income Base Period: Years 1-15; upon the Activation Date, no further adjustments are made to the Minimum Income Base |
Income Credit – Prior to the Activation Date | Income Credit available in first 12 Benefit Years – the Income Credit Base and Income Base are reduced proportionately for any withdrawals taken prior to the Activation Date | N/A |
Income Credit – On or After the Activation Date | Income Credit available in first 12 Benefit Years – the Income Credit is reduced, but not eliminated in any Benefit Year on or after the Activation date in which cumulative withdrawals are less than the applicable Income Credit Percentage | N/A |
Frequency of Step-up Values | Annual | Daily |
Investment Requirements | 10%
in Secure Value Account90% in Variable Portfolios (total of 19 investment options) |
Allocation
Structure: 10% in Secure Value Account90% in Variable Portfolios Asset Allocation Portfolios (38 investment options) or Build Your Own Allocation (79 investment options that cross 12 asset classes) |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Flex Income Option 1 |
Polaris
Income Plus Flex Income Option 2 |
Polaris
Income Plus Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 3.50% / 3.00%(2) | 3.50% / 3.00%(2) | 2.75% / 2.75% |
One Covered Person (Age 60 - 64) | 4.50% / 3.00%(2) | 4.50% / 3.00%(2) | 3.25% / 3.25% |
One Covered Person (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
One Covered Person (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
Two Covered Persons (Age 45 - 59) | 3.00% / 3.00%(3) | 3.00% / 3.00%(3) | 2.50% / 2.50% |
Two Covered Persons (Age 60 - 64) | 4.00% / 3.00%(3) | 4.00% / 3.00%(3) | 3.00% / 3.00% |
Two Covered Persons (Age 65 - 71) | 5.50% / 4.00% | 6.50% / 3.00% | 4.25% / 4.25% |
Two Covered Persons (Age 72 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 4.50% / 4.50% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Flex Income Option 1 |
Polaris
Income Plus Flex Income Option 2 |
Polaris
Income Plus Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 4.00% / 3.00%(2) | 4.00% / 3.00%(2) | 3.25% / 3.25% |
One Covered Person (Age 60 - 64) | 5.00% / 3.00%(2) | 5.00% / 3.00%(2) | 3.75% / 3.75% |
One Covered Person (Age 65 - 71) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
One Covered Person (Age 72 and Older) | 7.00% / 4.00% | 8.00% / 3.00% | 5.50% / 5.50% |
Two Covered Persons (Age 45 - 59) | 3.50% / 3.00%(3) | 3.50% / 3.00%(3) | 3.00% / 3.00% |
Two Covered Persons (Age 60 - 64) | 4.50% / 3.00%(3) | 4.50% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Flex Income Option 1 |
Polaris
Income Plus Flex Income Option 2 |
Polaris
Income Plus Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 4.50% / 3.00%(2) | 4.50% / 3.00%(2) | 3.75% / 3.75% |
One Covered Person (Age 60 - 64) | 5.50% / 3.00%(2) | 5.50% / 3.00%(2) | 4.25% / 4.25% |
One Covered Person (Age 65 - 71) | 6.50% / 4.50% | 7.50% / 3.50% | 5.50% / 5.50% |
One Covered Person (Age 72 and Older) | 7.00% / 4.50% | 8.00% / 3.50% | 5.75% / 5.75% |
Two Covered Persons (Age 45 - 59) | 3.50% / 3.00%(3) | 3.50% / 3.00%(3) | 3.25% / 3.25% |
Two Covered Persons (Age 60 - 64) | 4.50% / 3.00%(3) | 4.50% / 3.00%(3) | 3.75% / 3.75% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.50% | 7.00% / 3.50% | 5.00% / 5.00% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.50% | 7.50% / 3.50% | 5.25% / 5.25% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.50% if the Income Base is increased to a new Higher Anniversary Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.50% if the Income Base is increased to a new Higher Anniversary Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Daily Flex Income Option 1 |
Polaris
Income Plus Daily Flex Income Option 2 |
Polaris
Income Plus Daily Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 3.25% / 2.75%(2) | 3.25% / 2.75%(2) | 2.50% / 2.50% |
One Covered Person (Age 60 - 64) | 4.25% / 2.75%(2) | 4.25% / 2.75%(2) | 3.00% / 3.00% |
One Covered Person (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
One Covered Person (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
Two Covered Persons (Age 45 - 59) | 2.75% / 2.75%(3) | 2.75% / 2.75%(3) | 2.25% / 2.25% |
Two Covered Persons (Age 60 - 64) | 3.75% / 2.75%(3) | 3.75% / 2.75%(3) | 2.75% / 2.75% |
Two Covered Persons (Age 65 - 71) | 5.50% / 4.00% | 6.50% / 3.00% | 4.25% / 4.25% |
Two Covered Persons (Age 72 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 4.50% / 4.50% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Daily Flex Income Option 1 |
Polaris
Income Plus Daily Flex Income Option 2 |
Polaris
Income Plus Daily Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 3.75% / 2.75%(2) | 3.75% / 2.75%(2) | 3.00% / 3.00% |
One Covered Person (Age 60 - 64) | 4.75% / 2.75%(2) | 4.75% / 2.75%(2) | 3.50% / 3.50% |
One Covered Person (Age 65 - 71) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
One Covered Person (Age 72 and Older) | 7.00% / 4.00% | 8.00% / 3.00% | 5.50% / 5.50% |
Two Covered Persons (Age 45 - 59) | 3.25% / 2.75%(3) | 3.25% / 2.75%(3) | 2.75% / 2.75% |
Two Covered Persons (Age 60 - 64) | 4.25% / 2.75%(3) | 4.25% / 2.75%(3) | 3.25% / 3.25% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person(s) on the Activation Date(1) |
Polaris
Income Plus Daily Flex Income Option 1 |
Polaris
Income Plus Daily Flex Income Option 2 |
Polaris
Income Plus Daily Flex Income Option 3 |
One Covered Person (Age 45 - 59) | 4.25% / 2.75%(2) | 4.25% / 2.75%(2) | 3.50% / 3.50% |
One Covered Person (Age 60 - 64) | 5.25% / 3.00%(2) | 5.25% / 3.00%(2) | 4.00% / 4.00% |
One Covered Person (Age 65 - 71) | 6.50% / 4.50% | 7.50% / 3.50% | 5.50% / 5.50% |
One Covered Person (Age 72 and Older) | 7.00% / 4.50% | 8.00% / 3.50% | 5.75% / 5.75% |
Two Covered Persons (Age 45 - 59) | 3.25% / 2.75%(3) | 3.25% / 2.75%(3) | 3.00% / 3.00% |
Two Covered Persons (Age 60 - 64) | 4.25% / 3.00%(3) | 4.25% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.50% | 7.00% / 3.50% | 5.00% / 5.00% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.50% | 7.50% / 3.50% | 5.25% / 5.25% |
(1) | If there are two Covered Persons, the age on the Activation Date is based on the age of the younger of the two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.50% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.50% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
10%
Secure Value Account |
Up
to 90% in one or more of the following Variable Portfolios, except as otherwise noted:Goldman Sachs VIT Government Money Market Fund PIMCO Total Return SA American Funds VCP Managed Allocation* SA BlackRock VCP Global Multi Asset* SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA Invesco VCP Equity-Income* SA JPMorgan MFS Core Bond SA PIMCO VCP Tactical Balanced* SA Schroders VCP Global Allocation* SA T. Rowe Price VCP Balanced* SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation SA Wellington Government and Quality Bond SA Wellington Real Return DCA Fixed Accounts** 6-Month DCA 1-Year DCA* You may invest up to a maximum of 50% in each of these Variable Portfolios. ** You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
10%
Secure Value Account |
Asset
Allocation Portfolios Up to 90% in one or more of the following Variable Portfolios:Individually Managed Asset Allocation Portfolios: SA American Funds Asset Allocation SA Goldman Sachs Multi-Asset Insights SA JPMorgan Diversified Balanced SA Legg Mason Tactical Opportunities SA MFS Total Return SA PGI Asset Allocation SA Putnam Asset Allocation Diversified Growth SA T. Rowe Price Asset Allocation Growth SA Wellington Strategic Multi-Asset Actively Managed Fund-of-Funds: SA Allocation Balanced SA Allocation Growth SA Allocation Moderate SA Allocation Moderate Growth Index Fund-of-Funds Portfolios: SA Global Index Allocation 90/10 SA Global Index Allocation 75/25 SA Global Index Allocation 60/40 SA Index Allocation 90/10 SA Index Allocation 80/20 SA Index Allocation 60/40 Volatility Control Portfolios: SA American Funds VCP Managed Allocation SA BlackRock VCP Global Multi Asset SA Invesco VCP Equity-Income SA PIMCO VCP Tactical Balanced SA Schroders VCP Global Allocation SA T. Rowe Price VCP Balanced SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation Fixed Income Portfolios Goldman Sachs VIT Government Money Market Fund PIMCO Total Return SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Immediate Index SA Fixed Income Index SA Goldman Sachs Global Bond SA JPMorgan MFS Core Bond SA Wellington Government & Quality Bond SA Wellington Real Return DCA Fixed Accounts* 6-Month DCA 1-Year DCA* You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
FIXED
INCOME PORTFOLIOS Investment Requirement Minimum 18% Maximum 90% | |
Money Market Portfolio: | |
Goldman Sachs VIT Government Money Market Fund | |
Core Fixed Income Portfolios: | |
PIMCO Total Return | |
SA DFA Ultra Short Bond | |
SA Federated Hermes Corporate Bond | |
SA Fixed Income Index | |
SA Fixed Income Intermediate Index | |
SA Goldman Sachs Global Bond | |
SA JPMorgan MFS Core Bond | |
SA Wellington Government & Quality Bond | |
SA Wellington Real Return | |
DCA Fixed Accounts* | |
6-Month DCA | |
1-Year DCA | |
Fixed Accounts | |
1-Year Fixed (if available) | |
PRIMARY
EQUITY AND ASSET ALLOCATION PORTFOLIOS Investment Requirement Minimum 0% Maximum 72%** | |
Global & International Portfolios: | |
SA Emerging Markets Equity Index | |
SA International Index | |
SA JPMorgan Global Equities | |
SA Morgan Stanley International Equities | |
Large Core Portfolios: | |
SA American Funds Growth-Income | |
SA Franklin U.S. Equity Smart Beta | |
SA Invesco Main Street Large Cap | |
SA Large Cap Index | |
SA MFS Massachusetts Investors Trust | |
Large Value Portfolios: | |
Invesco V.I. Comstock | |
Invesco V.I. Growth and Income | |
Lord Abbett Growth and Income | |
SA Dogs of Wall Street | |
SA JPMorgan Equity-Income | |
SA Large Cap Value Index | |
SA Legg Mason BW Large Cap Value | |
Large Growth Portfolios: | |
Invesco V.I. American Franchise | |
SA AB Growth | |
SA American Funds Growth | |
SA Janus Focused Growth | |
SA Large Cap Growth Index | |
SA MFS Blue Chip Growth | |
SA Wellington Capital Appreciation | |
Small & Mid Cap Portfolios: | |
SA Mid Cap Index | |
SA Small Cap Index | |
Asset Allocation Portfolios: | |
Franklin Allocation VIP Fund | |
Franklin Income VIP Fund | |
SA Allocation Balanced | |
SA Allocation Growth | |
SA Allocation Moderate | |
SA Allocation Moderate Growth |
PRIMARY
EQUITY AND ASSET ALLOCATION PORTFOLIOS - CONTINUED Investment Requirement Minimum 0% Maximum 72%** | |
SA American Funds Asset Allocation | |
SA Global Index Allocation 60/40 | |
SA Global Index Allocation 75/25 | |
SA Global Index Allocation 90/10 | |
SA Goldman Sachs Multi-Asset Insights | |
SA Index Allocation 60/40 | |
SA Index Allocation 80/20 | |
SA Index Allocation 90/10 | |
SA JPMorgan Diversified Balanced | |
SA Legg Mason Tactical Opportunities | |
SA MFS Total Return | |
SA PGI Asset Allocation | |
SA Putnam Asset Allocation Diversified Growth | |
SA T. Rowe Price Asset Allocation Growth | |
SA Wellington Strategic Multi-Asset | |
Asset Allocation (Volatility Control Portfolios): | |
SA American Funds VCP Managed Allocation | |
SA BlackRock VCP Global Multi Asset | |
SA Invesco VCP Equity-Income | |
SA PIMCO VCP Tactical Balanced | |
SA Schroders VCP Global Allocation | |
SA T. Rowe Price VCP Balanced | |
SA VCP Dynamic Allocation | |
SA VCP Dynamic Strategy | |
SA VCP Index Allocation | |
OTHER
EQUITY AND SPECIALTY PORTFOLIOS Investment Requirement Minimum 0% Maximum 27%*** | |
Small & Mid Cap Portfolios: | |
SA AB Small & Mid Cap Value | |
SA Franklin Small Company Value | |
SA Invesco Growth Opportunities | |
SA JPMorgan Mid-Cap Growth | |
SA WellsCap Aggressive Growth | |
Global & International Portfolios: | |
SA American Funds Global Growth | |
SA Fidelity Institutional AM® International Growth | |
SA JPMorgan Emerging Markets | |
SA Putnam International Growth and Income | |
SA Templeton Foreign Value | |
Specialty Portfolios: | |
PIMCO Emerging Markets Bond | |
SA Columbia Technology | |
SA Fidelity Institutional AM® Real Estate | |
SA PineBridge High-Yield Bond | |
* | You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
** | You may invest up to a maximum of 36% in an individual Variable Portfolio within this Investment Group. |
*** | You may invest up to a maximum of 9% in an individual Variable Portfolio within this Investment Group. |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.25% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The quarterly fee rate can increase or decrease no more than 0.10% each quarter (0.40%/ 4). If you change your Income Option election on the Activation Date, the quarterly fee rate can increase no more than 0.1625% [(0.40% + 0.25%)/ 4] for the first Benefit Quarter immediately following the Activation Date. |
Lifetime Income Option Change Fee* | 0.25% |
* | The fee is deducted quarterly, and the quarterly fee rate is 0.0625% (0.25%/4). The sum of the Living Benefit feature fee rate and Lifetime Income Option Change fee rate cannot exceed the Maximum Annual Fee Rate stated in the table above. |
1. | The Protected Income Payment divided equally and paid on a monthly, quarterly, semi-annual or annual frequency as selected by you until the date of death of the Covered Person(s); or |
2. | Any option mutually agreeable between you and us. |
Number of Owners | Covered Person | |
Minimum Age(1) | Maximum Age(2) | |
One Owner | 45 | 80 |
Joint Owners(3) | 45 | 80 |
(1) | Minimum Age must be met by any Covered Person(s) as of the Contract Issue Date. |
(2) | Maximum Age cannot be exceeded by any Covered Person(s) as of the date added. |
(3) | Joint Owners may choose which of the two Owners will be the Covered Person. The Beneficiary’s age is not considered in determining the maximum issue age of the second Covered Person. |
• | Marriage – If there is one Covered Person, you may add your spouse as the second Covered Person; |
• | Divorce – If there are two Covered Persons, you may remove one of the Covered Persons as a result of divorce; |
• | Death – Upon the death of one of the Covered Persons, you may remove the deceased Covered Person. |
Number of Owners and Covered Persons | Allowed Changes to Covered Person(s) on the Activation Date |
Single Owned Contract & One Covered Person | Add Spouse as the second Covered Person |
Single Owned Contract & Two Covered Persons(1) | Remove or Change the second Covered Person who is not the Single Owner |
Jointly Owned Contract & One Covered Person | Add Joint Owner as the second Covered Person |
Jointly Owned Contract & Two Covered Persons(1) | Remove or Change either Covered Person |
(1) | You must keep at least one of the original Covered Person(s) if requesting to remove or change either Covered Person. Note: If a second Covered Person or if one of the original Covered Person(s) is changed, Covered Person(s) must meet the above minimum and maximum age requirements. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract and the Living Benefit as a new single Covered Person. The Continuing Spouse will receive the Maximum Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a |
new Covered Person. Upon the death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract and the Living Benefit as the current single Covered Person. The Continuing Spouse will receive the Maximum Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a new Covered Person. Upon the death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract, without the Living Benefit. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract with the current Maximum Annual Withdrawal Amount and Protected Income Payment. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract as a single Covered Person. The Continuing Spouse will receive the Maximum Annual Withdrawal Amount upon Lifetime Income Activation and the Protected Income Payment after the contract value goes to zero. The Continuing Spouse cannot add a new Covered Person. Upon the |
death of the Continuing Spouse, the Beneficiary must make a death claim, which terminates the Living Benefit and the contract. |
1. | Make a death claim, which terminates the Living Benefit and the contract; or |
2. | Continue the contract, with the current Maximum Annual Withdrawal Amount and Protected Income Payment. |
1. | Annuitize by selecting from choices a. or b. below: |
a. | elect to begin one of the Annuity Income Payment Options set forth in Your Contract. If you choose this option, We will apply the contract value to provide annuity income payments under the contract’s annuity provisions as described under ANNUITY INCOME OPTIONS; or |
b. | elect to receive Lifetime Income under Your Living Benefit option by means of an Annuitization while any of the last named Covered Person(s) is living. If You have already activated Lifetime Income under the Living Benefit, You will continue to receive Lifetime Income by means of an Annuitization as described below. If you have not yet activated Lifetime Income, you may activate Lifetime Income by means of an Annuitization as described under ANNUITY INCOME OPTIONS; or |
2. | Fully surrender your Contract |
Cancellation
Request Received |
Cancellation
Effective Date |
Years 1-5 | 5th Benefit Year Anniversary |
Years 5+ | Benefit Quarter Anniversary following the receipt of the cancellation request |
(i) | Annuitization of the contract; or |
(ii) | Termination or surrender of the contract; or |
(iii) | A death benefit is paid resulting in the contract being terminated; or |
(iv) | Any withdrawal prior to the Activation Date that reduces the Contract Value to zero; or |
(v) | On or after the Activation Date, any Excess Withdrawal that reduces the contract value and Income Base to zero; or |
(vi) | Death of the Covered Person, if only one is elected after Lifetime Income has been activated; or, if two Covered Persons are elected, death of the surviving Covered Person; or |
(vii) | A change that removes all of the original Covered Persons from the contract; or |
(viii) | A Change of the Owner or Assignment; or |
(ix) | You elect to cancel Your Living Benefit. |
Minimum
Income Base Period (if no withdrawals are taken prior to the Benefit Year Anniversary) |
Minimum
Income Base Percentage (as a Percentage of the 1st Benefit Year’s Purchase Payment) |
1st Benefit Year Anniversary | 105% |
2nd Benefit Year Anniversary | 110% |
3rd Benefit Year Anniversary | 115% |
4th Benefit Year Anniversary | 120% |
5th Benefit Year Anniversary | 125% |
6th Benefit Year Anniversary | 130% |
7th Benefit Year Anniversary | 135% |
8th Benefit Year Anniversary | 140% |
9th Benefit Year Anniversary | 145% |
10th Benefit Year Anniversary | 150% |
11th Benefit Year Anniversary | 155% |
12th Benefit Year Anniversary | 160% |
13th Benefit Year Anniversary | 165% |
14th Benefit Year Anniversary | 170% |
15th Benefit Year Anniversary | 175% |
Number
of Covered Person and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 59) | 3.75% / 2.75%(2) | 3.75% / 2.75%(2) | 3.00% / 3.00% |
One Covered Person (Age 60 - 64) | 4.75% / 2.75%(2) | 4.75% / 2.75%.(2) | 3.50% / 3.50% |
One Covered Person (Age 65 - 71) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
One Covered Person (Age 72 and Older) | 7.00% / 4.00% | 8.00% / 3.00% | 5.50% / 5.50% |
Two Covered Persons (Age 45 - 59) | 3.25% / 2.75%(3) | 3.25% / 2.75%(3) | 2.75% / 2.75% |
Two Covered Persons (Age 60 - 64) | 4.25% / 2.75%(3) | 4.25% / 2.75%(3) | 3.25% / 3.25% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
(1) | If there is One Covered Person but there are joint Owners, the Covered Person is the older Owner. If there are Two Covered Persons, the age at first withdrawal is based on the age of the younger of the Two Covered Persons. |
(2) | If One Covered Person is elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
(3) | If Two Covered Persons are elected, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 59) | 3.75% / 2.75%(2) | 3.75% / 2.75%(2) | 3.00% / 3.00% |
One Covered Person (Age 60 - 64) | 4.75% / 2.75%(2) | 4.75% / 2.75%(2) | 3.50% / 3.50% |
One Covered Person (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 5.00% / 5.00% |
One Covered Person (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
Two Covered Persons (Age 45 - 59) | 3.25% / 2.75%(3) | 3.25% / 2.75%(3) | 2.75% / 2.75% |
Two Covered Persons (Age 60 - 64) | 4.25% / 2.75%(3) | 4.25% / 2.75%(3) | 3.25% / 3.25% |
Two Covered Persons (Age 65 - 71) | 5.50% / 4.00% | 6.50% / 3.00% | 4.50% / 4.50% |
Two Covered Persons (Age 72 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 59) | 4.00% / 3.00%(2) | 4.00% / 3.00%(2) | 3.25% / 3.25% |
One Covered Person (Age 60 - 64) | 5.00% / 3.00%(2) | 5.00% / 3.00%(2) | 3.75% / 3.75% |
One Covered Person (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 5.00% / 5.00% |
One Covered Person (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
Two Covered Persons (Age 45 - 59) | 3.50% / 3.00%(3) | 3.50% / 3.00%(3) | 3.00% / 3.0% |
Two Covered Persons (Age 60 - 64) | 4.50% / 3.00%(3) | 4.50% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 - 71) | 5.50% / 4.00% | 6.50% / 3.00% | 4.50% / 4.50% |
Two Covered Persons (Age 72 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 59) | 3.5% / 2.5%(4) | 3.5% / 2.5%(4) | 2.75% / 2.75% |
One Covered Person (Age 60 - 64) | 4.5% / 2.5%(4) | 4.5% / 2.5%(4) | 3.25% / 3.25% |
One Covered Person (Age 65 - 67) | 5.5% / 3.5% | 6.5% / 2.5% | 4.50% / 4.50% |
One Covered Person (Age 68 - 71) | 6.0% / 4.0% | 7.0% / 3.0% | 5.00% / 5.00% |
One Covered Person (Age 72 and Older) | 6.5% / 4.0% | 7.5% / 3.0% | 5.25% / 5.25% |
Two Covered Persons (Age 45 - 59) | 3.0% / 2.5%(5) | 3.0% / 2.5%(5) | 2.50% / 2.50% |
Two Covered Persons (Age 60 - 64) | 4.0% / 2.5%(5) | 4.0% / 2.5%(5) | 3.00% / 3.00% |
Two Covered Persons (Age 65 - 67) | 5.0% / 3.5% | 6.0% / 2.5% | 4.00% / 4.00% |
Two Covered Persons (Age 68 - 71) | 5.5% / 4.0% | 6.5% / 3.0% | 4.50% / 4.50% |
Two Covered Persons (Age 72 and Older) | 6.0% / 4.0% | 7.0% / 3.0% | 4.75% / 4.75% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 64) | 5.50% / 3.00%(2) | 5.50% / 3.00%(2) | 4.00% / 4.0% |
One Covered Person (Age 65 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 5.00% / 5.00% |
Two Covered Persons (Age 45 - 64) | 5.00% / 3.00%(3) | 5.00% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 and Older) | 5.50% / 4.00% | 6.50% / 3.00% | 4.50% / 4.50% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Daily Income Option 1 |
Polaris
Income Plus Daily Income Option 2 |
Polaris
Income Plus Daily Income Option 3 |
One Covered Person (Age 45 - 64) | 5.00% / 2.50%(4) | 5.00% / 2.50%(4) | 3.50% / 3.50% |
One Covered Person (Age 65 and Older) | 5.50% / 3.50% | 6.50% / 2.50% | 4.50% / 4.50% |
Two Covered Persons (Age 45 - 64) | 4.50% / 2.50%(5) | 4.50% / 2.50%(5) | 3.00% / 3.00% |
Two Covered Persons (Age 65 and Older) | 5.00% / 3.50% | 6.00% / 2.50% | 4.00% / 4.00% |
10%
Secure Value Account |
90%
in one or more of the following Variable Portfolios:Individually Managed Asset Allocation Portfolios: SA American Funds Asset Allocation SA Goldman Sachs Multi-Asset Insights SA JPMorgan Diversified Balanced SA Legg Mason Tactical Opportunities SA MFS Total Return SA PGI Asset Allocation SA Putnam Asset Allocation Diversified Growth SA T. Rowe Price Asset Allocation Growth SA Wellington Strategic Multi-Asset Income Actively Managed Fund-of-Funds: SA Allocation Balanced SA Allocation Growth SA Allocation Moderate SA Allocation Moderate Growth Fixed Income and Money Market Portfolios: Goldman Sachs VIT Government Money Market Fund SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA JPMorgan MFS Core Bond SA Wellington Government and Quality Bond SA Wellington Real Return Index Fund-of-Funds Portfolios SA Global Index Allocation 90/10 SA Global Index Allocation 75/25 SA Global Index Allocation 60/40 SA Index Allocation 90/10 SA Index Allocation 80/20 SA Index Allocation 60/40 Volatility Control Portfolios: SA American Funds VCP Managed Allocation SA BlackRock VCP Global Multi Asset SA Invesco VCP Equity-Income SA PIMCO VCP Tactical Balanced SA Schroders VCP Global Allocation SA T. Rowe Price VCP Balanced SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation DCA Fixed Accounts* 6-Month DCA 1-Year DCA* You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
A | 10%
Secure Value Account and select only one Allocation (see POLARIS PORTFOLIO ALLOCATOR MODEL and 50%-50% COMBINATION MODEL PROGRAM FOR CONTRACTS ISSUED PRIOR to FEBRUARY 6, 2017 in Appendix H for Allocations): Allocation 1 Allocation 2 Allocation 3 Allocation 4 |
B | 10%
Secure Value Account and select up to 90% in one or more of the following Variable Portfolios:Individually Managed Asset Allocation Portfolios: SA American Funds Asset Allocation SA Goldman Sachs Multi-Asset Insights SA JPMorgan Diversified Balanced SA Legg Mason Tactical Opportunities SA MFS Total Return SA PGI Asset Allocation SA Putnam Asset Allocation Diversified Growth SA T. Rowe Price Asset Allocation Growth SA Wellington Strategic Multi-Asset Income Volatility Control Portfolios: SA American Funds VCP Managed Allocation SA BlackRock VCP Global Multi Asset SA Invesco VCP Equity-Income SA PIMCO VCP Tactical Balanced SA Schroders VCP Global Allocation SA T. Rowe Price VCP Balanced SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation Fixed Income and Money Market Portfolios: Goldman Sachs VIT Government Money Market Fund SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA JPMorgan MFS Core Bond SA Wellington Government and Quality Bond SA Wellington Real Return Index Fund-of-Funds Portfolios SA Global Index Allocation 90/10 SA Global Index Allocation 75/25 SA Global Index Allocation 60/40 SA Index Allocation 90/10 SA Index Allocation 80/20 SA Index Allocation 60/40 Actively Managed Fund-of-Funds: SA Allocation Balanced SA Allocation Growth SA Allocation Moderate SA Allocation Moderate Growth DCA Fixed Accounts* 6-Month DCA 1-Year DCA* You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.15% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.35% | 2.50% | 0.60% | ±0.40% |
* | The quarterly fee rate will not decrease or increase by more than 0.10% each quarter (0.40% / 4). |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.25% | 2.20% | 0.60% | ±0.25% |
Two Covered Persons | 1.45% | 2.70% | 0.60% | ±0.25% |
* | The quarterly fee rate will not decrease or increase by more than 0.0625% each quarter (0.25%/ 4). |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.10% | 2.20% | 0.60% | ±0.25% |
Two Covered Persons | 1.35% | 2.70% | 0.60% | ±0.25% |
* | The quarterly fee rate will not decrease or increase by more than 0.0625% each quarter (0.25% / 4). |
1. | The Protected Income Payment divided equally and paid on a monthly, quarterly, semi-annual or annual frequency as selected by you until the date of death of the Covered Person(s); or |
2. | Any option mutually agreeable between you and us. |
1. | Make a death claim if the contract value is greater than zero, which terminates the Living Benefit and the contract; or |
2. | Continue the contract if the contract value is greater than zero, without the Living Benefit and its corresponding fee. |
1. | Make a death claim if the contract value is greater than zero, which terminates the living benefit and the contract; or |
2. | Continue the contract with the living benefit and its corresponding fee for two Covered Persons. |
1. | Annuitize the contract value under the contract’s annuity provisions (please see ANNUITY INCOME OPTIONS in the prospectus); or |
2. | Annuitize the contract and elect to receive the current Maximum Annual Withdrawal Amount as of the Latest Annuity Date for a fixed period while you are alive. The fixed period is determined by dividing the contract value on the Latest Annuity Date by the Maximum Annual Withdrawal Amount. Any applicable Premium Taxes will be deducted from the contract value prior to determining the fixed period. After that fixed period ends, you will receive the Protected Income Payment, which is calculated by multiplying the Income Base as of the Latest Annuity Date by the applicable Protected Income Payment Percentage, paid until the death(s) of the Covered Person(s). The Maximum Annual Withdrawal Amount fixed period payments and the subsequent Protected Income Payments will be divided equally on a monthly, quarterly, semi-annual or annual frequency, as selected by you. |
3. | Any annuity income option mutually agreeable between you and us. |
Cancellation
Request Received |
Cancellation Effective Date |
Years 1-5 | 5th Benefit Year Anniversary |
Years 5+ | Benefit Quarter Anniversary following the receipt of the cancellation request |
1. | Annuitization of the contract; or |
2. | Termination or surrender of the contract; or |
3. | A death benefit is paid resulting in the contract being terminated; or |
4. | An Excess Withdrawal that reduces the contract value and Income Base to zero; or |
5. | Death of the Covered Person, if only one is elected; or, if two are elected, death of the surviving Covered Person; or |
6. | A change that removes all Covered Persons from the contract except as noted below and under “Are there circumstances under which guaranteed withdrawals for two Covered Persons, if elected, terminate for one of the Covered Persons?” |
1. | One of the two Covered Persons is removed from the contract, due to reasons other than death; or |
2. | The original spousal joint Owners or Spousal Beneficiary, who are the Covered Persons, are no longer married at the time of death of the first spouse. |
First Contract Year | Subsequent Contract Years |
100%
of Purchase Payments received |
Only Purchase Payments received in First Contract Year are considered Eligible Purchase Payments |
Income
Credit Percentage (as a percentage of the Income Credit Base) |
Income Credit Availability |
6% | Available during the first 12 Benefit Years — the Income Credit is reduced in years withdrawals are taken |
Income
Credit Percentage (as a percentage of the Income Credit Base) |
Income Credit Availability |
5.5% | Available during the first 12 Benefit Years — the Income Credit is reduced in years withdrawals are taken |
Income
Credit Percentage (as a percentage of the Income Credit Base) |
Income Credit Availability |
6% | Available during the first 12 Benefit Years — the Income Credit is reduced in years withdrawals are taken |
Minimum
Income Base Period (if no withdrawal are taken prior to the Benefit Year Anniversary) |
Minimum Income Base Percentage (as a Percentage of the 1st Benefit Year’s Purchase Payments) |
12th Benefit Year Anniversary | 200% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Income Option 1 |
Polaris
Income Plus Income Option 2 |
Polaris
Income Plus Income Option 3 |
One Covered Person (Age 45 - 59) | 4.00% / 3.00%(2) | 4.00% / 3.00%(2) | 3.25% / 3.25% |
One Covered Person (Age 60 - 64) | 5.00% / 3.00%(2) | 5.00% / 3.00%(2) | 3.75% / 3.75% |
One Covered Person (Age 65 - 71) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
One Covered Person (Age 72 and Older) | 7.00% / 4.00% | 8.00% / 3.00% | 5.50% / 5.50% |
Two Covered Persons (Age 45 - 59) | 3.50% / 3.00%(3) | 3.50% / 3.00%(3) | 3.00% / 3.00% |
Two Covered Persons (Age 60 - 64) | 4.50% / 3.00%(3) | 4.50% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Two Covered Persons (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.00% / 5.00% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Income Option 1 |
Polaris
Income Plus Income Option 2 |
Polaris
Income Plus Income Option 3 |
One Covered Person (Age 45 - 59) | 4.00% / 3.00%(2) | 4.00% / 3.00%(2) | 3.25% / 3.25% |
One Covered Person (Age 60 - 64) | 5.00% / 3.00%(2) | 5.00% / 3.00%(2) | 3.75% / 3.75% |
One Covered Person (Age 65 - 71) | 6.00% / 4.00% | 7.00% / 3.00% | 5.00% / 5.00% |
One Covered Person (Age 72 and Older) | 6.50% / 4.00% | 7.50% / 3.00% | 5.25% / 5.25% |
Two Covered Persons (Age 45 - 59) | 3.50% / 3.00%(3) | 3.50% / 3.00%(3) | 3.00% / 3.00% |
Two Covered Persons (Age 60 - 64) | 4.50% / 3.00%(3) | 4.50% / 3.00%(3) | 3.50% / 3.50% |
Two Covered Persons (Age 65 - 71) | 5.50% / 4.00% | 6.50% / 3.00% | 4.50% / 4.50% |
Two Covered Persons (Age 72 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 4.75% / 4.75% |
Number
of Covered Persons and Age of Covered Person at First Withdrawal(1) |
Polaris
Income Plus Income Option 1 |
Polaris
Income Plus Income Option 2 |
Polaris
Income Plus Income Option 3 |
One Covered Person (Age 64 and Younger) | 5.50% / 3.00%(2) | 5.50% / 3.00%(2) | 4.00% / 4.00% |
One Covered Person (Age 65 and Older) | 6.00% / 4.00% | 7.00% / 3.00% | 5.00% / 5.00% |
Two Covered Persons (Age 64 and Younger) | 5.00% / 3.00%(3) | 5.00% / 3.00%(3) | 3.50% /3.50% |
Two Covered Persons (Age 65 and Older) | 5.50% / 4.00% | 6.50% / 3.00% | 4.50% / 4.50% |
10%
Secure Value Account |
Up
to 90% in one or more of the following Variable Portfolios, except as otherwise noted:Goldman Sachs VIT Government Money Market Fund SA American Funds VCP Managed Allocation* SA BlackRock VCP Global Multi Asset* SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA Invesco VCP Equity-Income* SA JPMorgan MFS Core Bond SA PIMCO VCP Tactical Balanced* SA Schroders VCP Global Allocation* SA T. Rowe Price VCP Balanced* SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation SA Wellington Government and Quality Bond SA Wellington Real Return DCA Fixed Accounts** 6-Month DCA 1-Year DCA* You may invest up to a maximum of 50% in each of these Variable Portfolios. ** You may use a DCA Fixed Account to invest your target allocation in accordance with the investment requirements. |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.00% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The quarterly fee rate will not decrease or increase by more than 0.10% each quarter (0.40%/ 4). |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.10% | 2.20% | 0.60% | ±0.25% |
Two Covered Persons | 1.35% | 2.70% | 0.60% | ±0.25% |
* | The quarterly fee rate will not decrease or increase by more than 0.0625% each quarter (0.25%/ 4). |
1. | The Protected Income Payment divided equally and paid on a monthly, quarterly, semi-annual or annual frequency as selected by you until the date of death of the Covered Person(s); or |
2. | Any option mutually agreeable between you and us. |
1. | Make a death claim if the contract value is greater than zero, which terminates the Living Benefit and the contract; or |
2. | Continue the contract if the contract value is greater than zero, without the Living Benefit and its corresponding fee. |
1. | Make a death claim if the contract value is greater than zero, which terminates the Living Benefit and the contract; or |
2. | Continue the contract with the Living Benefit and its corresponding fee for two Covered Persons. |
1. | Annuitize the contract value under the contract’s annuity provisions (please see ANNUITY INCOME OPTIONS in the prospectus); or |
2. | Annuitize the contract and elect to receive the current Maximum Annual Withdrawal Amount as of the Latest Annuity Date for a fixed period while you are alive. The fixed period is determined by dividing the contract value on the Latest Annuity Date by the Maximum Annual Withdrawal Amount. Any applicable Premium Taxes will be deducted from the contract value prior to determining the fixed period. After that fixed period ends, you will receive the Protected Income Payment, which is calculated by multiplying the Income Base as of the Latest Annuity Date by the applicable Protected Income Payment Percentage, paid until the death(s) of the Covered Person(s). The Maximum Annual Withdrawal Amount fixed period payments and the subsequent Protected Income Payments will be divided equally on a monthly, quarterly, semi-annual or annual frequency, as selected by you. |
3. | Any annuity income option mutually agreeable between you and us. |
Cancellation
Request Received |
Cancellation Effective Date |
Years 1-5 | 5th Benefit Year Anniversary |
Years 5+ | Benefit Quarter Anniversary following the receipt of the cancellation request |
1. | Annuitization of the contract; or |
2. | Termination or surrender of the contract; or |
3. | A death benefit is paid resulting in the contract being terminated; or |
4. | An Excess Withdrawal that reduces the contract value and Income Base to zero; or |
5. | Death of the Covered Person, if only one is elected; or, if two are elected, death of the surviving Covered Person; or |
6. | A change that removes all Covered Persons from the contract except as noted below and under “Are there circumstances under which guaranteed withdrawals for two Covered Persons, if elected, terminate for one of the Covered Persons?” |
1. | One of the two Covered Persons is removed from the contract, due to reasons other than death; or |
2. | The original spousal joint Owners or Spousal Beneficiary, who are the Covered Persons, are no longer married at the time of death of the first spouse. |
Income
Credit Percentage (as a percentage of the Income Credit Base) |
Income Credit Availability |
5% | Available during the first 12 Benefit Years — the Income Credit is reduced in years withdrawals are taken |
Income
Credit Percentage (as a percentage of the Income Credit Base) |
Income Credit Availability |
6% | Available during the first 12 Benefit Years — the Income Credit is reduced in years withdrawals are taken |
Minimum
Income Base Period (if no withdrawal are taken prior to the Benefit Year Anniversary) |
Minimum Income Base Percentage (as a Percentage of the 1st Benefit Year’s Purchase Payments) |
12th Benefit Year Anniversary | 200% |
Number of Covered Persons and Age of Covered Person at First Withdrawal(1) | MAWP/PIPP |
One Covered Person (Age 65 and Older) | 5.40% / 5.40% |
Two Covered Persons (Age 65 and Older) | 4.90% / 4.90% |
Number of Covered Persons and Age of Covered Person at First Withdrawal(1) | MAWP/PIPP |
One Covered Person (Age 65 and Older) | 5.50% / 5.25% |
Two Covered Persons (Age 65 and Older) | 5.0% / 4.75% |
10%
Secure Value Account |
Up
to 90% in one or more of the following Variable Portfolios, except as otherwise noted: Goldman Sachs VIT Government Money Market Fund SA American Funds VCP Managed Asset Allocation* SA BlackRock VCP Global Multi Asset* SA DFA Ultra Short Bond SA Federated Hermes Corporate Bond SA Fixed Income Index SA Fixed Income Intermediate Index SA Goldman Sachs Global Bond SA Invesco VCP Equity-Income* SA JPMorgan MFS Core Bond SA PIMCO VCP Tactical Balanced* SA Schroders VCP Global Allocation* SA T. Rowe Price VCP Balanced* SA VCP Dynamic Allocation SA VCP Dynamic Strategy SA VCP Index Allocation SA Wellington Government and Quality Bond SA Wellington Real Return* You may invest up to a maximum of 50% in each of these Variable Portfolios. |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.00% | 2.50% | 0.60% | ±0.40% |
Two Covered Persons | 1.25% | 2.50% | 0.60% | ±0.40% |
* | The quarterly fee rate will not decrease or increase by more than 0.10% each quarter (0.40%/ 4). |
Number
of Covered Persons |
Initial
Annual Fee Rate |
Maximum
Annual Fee Rate |
Minimum
Annual Fee Rate |
Maximum
Annualized Fee Rate Decrease or Increase Each Benefit Quarter* |
One Covered Person | 1.10% | 2.20% | 0.60% | ±0.25% |
Two Covered Persons | 1.35% | 2.70% | 0.60% | ±0.25% |
* | The quarterly fee rate will not decrease or increase by more than 0.0625% each quarter (0.25%/ 4). |
1. | The Protected Income Payment divided equally and paid on a monthly, quarterly, semi-annual or annual frequency as selected by you until the date of death of the Covered Person(s); or |
2. | Any option mutually agreeable between you and us. |
1. | Make a death claim if the contract value is greater than zero, which terminates the Living Benefit and the contract; or |
2. | Continue the contract if the contract value is greater than zero, without the Living Benefit and its corresponding fee. |
1. | Make a death claim if the contract value is greater than zero, which terminates the Living Benefit and the contract; or |
2. | Continue the contract with the Living Benefit and its corresponding fee for two Covered Persons. |
1. | Annuitize the contract value under the contract’s annuity provisions; or |
2. | Annuitize the contract and elect to receive the current Maximum Annual Withdrawal Amount as of the Latest Annuity Date for a fixed period while you are alive. The fixed period is determined by dividing the contract value on the Latest Annuity Date by the Maximum Annual Withdrawal Amount. Any applicable Premium Taxes will be deducted from the contract value prior to determining the fixed period. After that fixed period ends, you will receive the Protected Income Payment, which is calculated by multiplying the Income Base as of the Latest Annuity Date by the applicable Protected Income Payment Percentage, paid until the death(s) of the Covered Person(s). The Maximum Annual Withdrawal Amount fixed period payments and the subsequent Protected Income Payments will be divided equally on a monthly, quarterly, semi-annual or annual frequency, as selected by you. |
3. | Any annuity income option mutually agreeable between you and us. |
Cancellation
Request Received |
Cancellation
Effective Date |
Years 1-5 | 5th Benefit Year Anniversary |
Years 5+ | Benefit Quarter Anniversary following the receipt of the cancellation request |
1. | Annuitization of the contract; or |
2. | Termination or surrender of the contract; or |
3. | A death benefit is paid resulting in the contract being terminated; or |
4. | An Excess Withdrawal that reduces the contract value and Income Base to zero; or |
5. | Death of the Covered Person, if only one is elected; or, if two are elected, death of the surviving Covered Person; or |
6. | A change that removes all Covered Persons from the contract except as noted below and under “Are there circumstances under which guaranteed withdrawals for two Covered Persons, if elected, terminate for one of the Covered Persons?” |
1. | One of the two Covered Persons is removed from the contract, due to reasons other than death; or |
2. | The original spousal joint Owners or Spousal Beneficiary, who are the Covered Persons, are no longer married at the time of death of the first spouse. |
Variable Portfolios | Allocation
1 |
Allocation
2 |
Allocation
3 |
Allocation
4* |
Invesco V.I. Comstock Fund | 5.00% | 5.00% | 6.00% | 8.00% |
Invesco V.I. Growth and Income Fund | 6.00% | 7.00% | 8.00% | 8.00% |
SA AB Growth | 3.00% | 4.00% | 4.00% | 6.00% |
SA AB Small & Mid Cap Value | 1.00% | 1.00% | 1.00% | 2.00% |
SA American Funds Global Growth | 2.00% | 3.00% | 4.00% | 6.00% |
SA American Funds Growth-Income | 0.00% | 0.00% | 1.00% | 4.00% |
SA DFA Ultra Short Bond | 2.00% | 1.00% | 0.00% | 0.00% |
SA Dogs of Wall Street | 3.00% | 3.00% | 3.00% | 5.00% |
SA Federated Hermes Corporate Bond | 10.00% | 8.00% | 7.00% | 1.00% |
SA Fidelity Institutional AM® Real Estate | 0.00% | 0.00% | 0.00% | 1.00% |
SA Franklin Small Company Value | 0.00% | 2.00% | 2.00% | 1.00% |
SA Goldman Sachs Global Bond | 4.00% | 4.00% | 2.00% | 2.00% |
SA Invesco Main Street Large Cap | 3.00% | 4.00% | 4.00% | 6.00% |
SA Janus Focused Growth* | 0.00% | 1.00% | 1.00% | 2.00% |
SA JPMorgan Emerging Markets | 0.00% | 1.00% | 2.00% | 2.00% |
SA JPMorgan Equity-Income | 6.00% | 7.00% | 8.00% | 8.00% |
SA JPMorgan MFS Core Bond | 17.00% | 13.00% | 10.00% | 5.00% |
SA Legg Mason BW Large Cap Value | 4.00% | 4.00% | 4.00% | 5.00% |
SA MFS Blue Chip Growth | 2.00% | 3.00% | 4.00% | 4.00% |
SA MFS Massachusetts Investors Trust | 6.00% | 6.00% | 7.00% | 8.00% |
SA Morgan Stanley International Equities | 3.00% | 3.00% | 4.00% | 5.00% |
SA PineBridge High-Yield Bond | 4.00% | 3.00% | 2.00% | 0.00% |
SA Templeton Foreign Value | 3.00% | 3.00% | 3.00% | 4.00% |
SA Wellington Capital Appreciation | 3.00% | 3.00% | 4.00% | 5.00% |
SA Wellington Government and Quality Bond | 8.00% | 8.00% | 7.00% | 2.00% |
SA Wellington Real Return | 5.00% | 3.00% | 2.00% | 0.00% |
Total | 100% | 100% | 100% | 100% |
* | Allocation 4 above is only available if you elected the Polaris Income Plus Daily living benefit prior to February 6, 2017. |
A. | The following describes the Return of Purchase Payment death benefit and the Maximum Anniversary Value death benefit without election of a living benefit: |
1. | Return of Purchase Payment death benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments. |
2. | Maximum Anniversary Value death benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Net Purchase Payments; or |
c. | Maximum anniversary value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death, plus any |
Continuation Purchase Payments received since that anniversary; and reduced for any withdrawals since that anniversary in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal. The anniversary value for any year is equal to the contract value on the applicable anniversary after the Continuation Date. |
B. | The following describes the Return of Purchase Payment death benefit and the Maximum Anniversary Value death benefit with election of a living benefit: |
1. | Return of Purchase Payment death benefit |
If the Continuing Spouse is age 85 or younger on the Continuation Date, the death benefit will be the greater of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received prior to the first contract anniversary reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
2. | Maximum Anniversary Value death benefit |
If the Continuing Spouse is age 80 or younger on the Continuation Date, the death benefit will be the greatest of: |
a. | Contract value; or |
b. | Continuation Purchase Payments received prior to the first contract anniversary reduced by: |
(i) | any Withdrawal Adjustments after the Continuation Date, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments after the Continuation Date, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
c. | Maximum anniversary value on any contract anniversary that occurred after the Continuation Date, but prior to the earlier of the Continuing Spouse’s 83rd birthday or date of death and reduced by: |
(i) | any Withdrawal Adjustments since that contract anniversary, if the living benefit has not been terminated; or |
(ii) | any Withdrawal Adjustments since that contract anniversary, prior to the date the living benefit is terminated; and reduced for any withdrawals in the same proportion that the withdrawal reduced the contract value on the date of such withdrawal on or after the date the living benefit is terminated. |
Please forward a copy (without charge) of the Polaris Platinum Elite Variable Annuity Statement of Additional Information to: | |
(Please print or type and fill in all information.) | |
Name | |
Address | |
City/State/Zip | |
Contract Issue Date: | |
Date:
|
Signed:
|
Return
to: The Variable Annuity Life Insurance Company | |
Annuity Service Center, P.O. Box 15570, Amarillo, Texas 79105-5570 |
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION DATED APRIL 30, 2020
AMERICAN GENERAL LIFE INSURANCE COMPANY
VARIABLE SEPARATE ACCOUNT
Polaris Advisory Variable Annuity
Polaris Preferred Solution Variable Annuity
Polaris Variable Annuity
Polaris II Variable Annuity
Polaris Platinum II Variable Annuity
Polaris Choice II Variable Annuity
Polaris Choice III Variable Annuity
VARIABLE ANNUITY ACCOUNT FIVE
Seasons Select II Variable Annuity
VARIABLE ANNUITY ACCOUNT SEVEN
Polaris II A-Class Variable Annuity
Polaris II A-Class Platinum Series Variable Annuity
Polaris Platinum O-Series Variable Annuity
THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK
FS VARIABLE SEPARATE ACCOUNT
Polaris Platinum III Variable Annuity
Polaris Platinum O-Series Variable Annuity
Polaris Preferred Solution Variable Annuity
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
VALIC SEPARATE ACCOUNT A
Polaris Platinum Elite Variable Annuity
The date of the Statement of Additional Information has been changed to October 13, 2020.
Dated: October 13, 2020
Please keep this Supplement with your Statement of Additional Information.
• | The Audited Financial Statements of The Variable Annuity Life Insurance Company Separate Account A of The Variable Annuity Life Insurance Company as of December 31, 2019 and for each of the two years in the period ended December 31, 2019. |
• | The Audited Statutory Financial Statements of The Variable Annuity Life Insurance Company as of December 31, 2019 and December 31, 2018 and for each of the three years in the period ended December 31, 2019. |
Exhibit
Number |
Description | Location |
(4)(e) | Optional Guaranteed Living Benefit Endorsement (VE-6248 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(f) | Premium Plus Endorsement (VE-6245 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(g) | Individual Retirement Annuity Endorsement (VE-6171 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(h) | Roth IRA Endorsement (VE-6172 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(i) | SEP IRA Endorsement (VE-6173 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(j) | Pension and Profit Sharing Plan Endorsement (VE-6067 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(k) | State Deferred Compensation Plan Endorsement (VE-6066 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(l) | Economic Growth and Tax Relief Reconciliation Act (“EGTRRA) (VE-6174 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(m) | Extended Legacy Program Guide | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(4)(n) | Optional Guaranteed Living Benefit Endorsement (VE-8036 (11/15)) | Incorporated by reference to Post-Effective Amendment No. 4 and Amendment 222, File Nos. 333-201800 and 811-03240, filed on April 29, 2016, Accession No. 0001193125-16-568272. |
(4)(o) | Optional Guaranteed Living Benefit Endorsement (VE-6248 (12/15)) | Incorporated by reference to Post-Effective Amendment No. 6 and Amendment 233, File Nos. 333-201800 and 811-03240 filed on December 15, 2016, Accession No. 0001193125-16-794260. |
(4)(p) | Optional Return of Purchase Payment Death Benefit Endorsement (VE-8022 (12/15)) | Incorporated by reference to Post-Effective Amendment No. 9 and Amendment 236, File Nos. 333-201800 and 811-03240 filed on April 26, 2017, Accession No. 0001193125-17-139091. |
(4)(q) | Optional Return of Purchase Payment Death Benefit Endorsement (VE-8022 (8/16)) | Incorporated by reference to Post-Effective Amendment No. 9 and Amendment 236, File Nos. 333-201800 and 811-03240 filed on April 26, 2017, Accession No. 0001193125-17-139091. |
(4)(r) | Optional Maximum Anniversary Value Death Benefit Endorsement (VE-8023 (12/15)) | Incorporated by reference to Post-Effective Amendment No. 9 and Amendment 236, File Nos. 333-201800 and 811-03240 filed on April 26, 2017, Accession No. 0001193125-17-139091. |
(4)(s) | Optional Maximum Anniversary Value Death Benefit Endorsement (VE-8023 (8/16)) | Incorporated by reference to Post-Effective Amendment No. 9 and Amendment 236, File Nos. 333-201800 and 811-03240 filed on April 26, 2017, Accession No. 0001193125-17-139091. |
(4)(t) | Optional Guaranteed Living Benefit Endorsement Daily (VE-8036 (12/16)) | Incorporated by reference to Post-Effective Amendment No. 9 and Amendment 236, File Nos. 333-201800 and 811-03240 filed on April 26, 2017, Accession No. 0001193125-17-139091. |
Exhibit
Number |
Description | Location |
(4)(u) | Optional Return of Purchase Payment Death Benefit Rider (VE-8022 (12/18)) | Incorporated by reference to Post-Effective Amendment No. 17 and Amendment 260, File Nos. 333-201800 and 811-03240 filed on April 25, 2019, Accession No. 0001193125-19-119360. |
(4)(v) | Optional Maximum Anniversary Value Death Benefit Rider (VE-8023 (12/18)) | Incorporated by reference to Post-Effective Amendment No. 17 and Amendment 260, File Nos. 333-201800 and 811-03240 filed on April 25, 2019, Accession No. 0001193125-19-119360. |
(4)(w) | Optional Guaranteed Lifetime Income Rider (VE-8060 (12/18)) | Incorporated by reference to Post-Effective Amendment No. 17 and Amendment 260, File Nos. 333-201800 and 811-03240 filed on April 25, 2019, Accession No. 0001193125-19-119360. |
(4)(x) | Optional Guaranteed Lifetime Income Rider (VE-8075 (12/18)) | Incorporated by reference to Post-Effective Amendment No. 17 and Amendment 260, File Nos. 333-201800 and 811-03240 filed on April 25, 2019, Accession No. 0001193125-19-119360. |
(5) | Application for Contract | |
(5)(a) | Annuity Application (VA-579 (11/14)) | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(5)(b) | Annuity Application (VA-579 (10/16)) | Incorporated by reference to Post-Effective Amendment No. 6 and Amendment 233, File Nos. 333-201800 and 811-03240 filed on December 15, 2016, Accession No. 0001193125-16-794260. |
(5)(c) | Annuity Application (VA-579E (1/16)) | Incorporated by reference to Post-Effective Amendment No. 6 and Amendment 233, File Nos. 333-201800 and 811-03240 filed on December 15, 2016, Accession No. 0001193125-16-794260. |
(5)(d) | Annuity Application (VA-579E (10/16)) | Incorporated by reference to Post-Effective Amendment No. 6 and Amendment 233, File Nos. 333-201800 and 811-03240 filed on December 15, 2016, Accession No. 0001193125-16-794260. |
(6) | Corporate Documents of Depositor | |
(6)(a) | Copy of Amended and Restated Articles of Incorporation of The Variable Annuity Life Insurance Company, effective as of April 28, 1989 | Incorporated by reference to Post-Effective Amendment No. 5 and Amendment No. 45, File Nos. 033-75292 and 811-03240, filed on March 1, 1996, Accession No. 0000950129-96-000265. |
(6)(b) | Copy of Amendment Number One to Amended and Restated Articles of Incorporation of The Variable Annuity Life Insurance Company (as amended through April 28, 1989) effective March 28, 1990 | Incorporated by reference to Post-Effective Amendment No. 5 and Amendment No. 45, File Nos. 033-75292 and 811-03240, filed on March 1, 1996, Accession No. 0000950129-96-000265. |
(6)(c) | Copy of Amended and Restated Bylaws of The Variable Annuity Life Insurance Company as amended through August 3, 2006 | Incorporated by reference to Initial Registration Statement, File Nos. 333-137942 and 811-03240, filed on October 11, 2006, Accession No. 0001193125-06-206012. |
(7) | Reinsurance Contract | Not Applicable |
(8) | Material Contracts | |
(8)(a) | Anchor Series Trust Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(b) | SunAmerica Series Trust Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(c) | Lord Abbett Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
Exhibit
Number |
Description | Location |
(8)(d) | American Funds Insurance Series and SunAmerica Series Trust Master-Feeder Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(e) | Franklin Templeton Variable Insurance Products Trust Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(f) | Franklin Templeton Variable Insurance Products Trust Fund Participation Agreement Addendum | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(g) | AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(h) | Seasons Series Trust Fund Participation Agreement | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(8)(i) | Goldman Sachs Variable Insurance Trust Fund Participation Agreement | Incorporated by reference to Post-Effective Amendment No. 6 and Amendment 233, File Nos. 333-201800 and 811-03240 filed on December 15, 2016, Accession No. 0001193125-16-794260. |
(9) | Opinion of Counsel and Consent of Depositor | Incorporated by reference to Pre-Effective Amendment No. 1 and Amendment No. 215. File Nos. 333-201800 and 811-03240, filed on April 27, 2015, Accession No. 0001193125-15-149785. |
(10) | Consent | Filed Herewith |
(11) | Financial Statements Omitted from Item 23 | Not Applicable |
(12) | Initial Capitalization Agreement | Not Applicable |
(13) | Other | |
(13)(a) | Power of Attorney — The Variable Annuity Life Insurance Company Directors | Incorporated by reference to Pre-Effective Amendment No. 19 and Amendment No. 270. File Nos. 333-201800 and 811-03240, filed on April 27, 2020, Accession No. 0001683863-20-005505. |
Names, Positions and Offices Held with Depositor | |
K EVIN T. HOGAN (1) | Director, Chairman, Chief Executive Officer, and President |
K ATHERINE A. ANDERSON | Director, Senior Vice President and Chief Risk Officer |
T HOMAS J. DIEMER | Director, Executive Vice President and Chief Financial Officer |
T ERRI N. FIEDLER | Director |
M ICHAEL P. HARWOOD | Director, Senior Vice President, Chief Actuary and Corporate Illustration Actuary |
R OBERT J. SCHEINERMAN | Director and Chief Executive Officer, Group Retirement |
A LIREZA VASEGHI (1) | Director, Senior Vice President and Chief Investment Officer |
Jonathan J. Novak (2) | Chief Executive Officer, Institutional Markets |
Todd A. McGrath | Executive Vice President and Chief Operating Officer |
Glenn R. Harris | Executive Vice President |
Eric S. Levy | Executive Vice President |
Kyle L. Jennings | Senior Vice President and Chief Compliance Officer |
David Ditillo (3) | Senior Vice President and Chief Information Officer |
Roger A. Craig | Senior Vice President, General Counsel and Assistant Secretary |
Christine A. Nixon (4) | Senior Vice President |
Sai P. Raman | Senior Vice President, Institutional Markets |
Kara R. Boling | Senior Vice President, Operations |
Christopher V. Muchmore (4) | Senior Vice President, Market Risk Management |
C RAIG A. ANDERSON | Senior Vice President and Life Controller |
Julie Cotton Hearne | Vice President and Secretary |
Stewart R. Polakov (1) | Vice President |
M ANDA GHAFERI | Vice President |
Christina M. Haley (4) | Vice President, Product Filing |
Mary M. Newitt (4) | Vice President, Product Filing |
Tracey E. Harris | Vice President, Product Filing |
Frank Kophamel | Vice President and Appointed Actuary |
Mallary L. Reznik (4) | Vice President and Assistant Secretary |
T. Clay Spires | Vice President and Tax Officer |
Daniel R. Cricks | Vice President and Tax Officer |
Stephen G. Lunanuova (6) | Vice President and Tax Officer |
Barbara J. Moore | Vice President and Tax Officer |
Justin J.W. Caulfield (1) | Vice President and Treasurer |
Michelle D. Campion (7) | Vice President |
Jeffrey S. Flinn | Vice President |
Christopher J. Hobson | Vice President |
Jennifer N. Miller (7) | Vice President |
Melissa H. Cozart | Privacy Officer |
Amanda K. Ouslander | Anti-Money Laundering and Economic Sanctions Compliance Officer |
Lisa K. Gerhart | Vice President and Assistant Life Controller |
Mark J. Happe | Vice President, 38a-1 Compliance Officer |
Rosemary Foster | Assistant Secretary |
Virginia N. Puzon (4) | Assistant Secretary |
Marjorie D. Washington | Assistant Secretary |
Lloyd J. Bellow | Assistant Tax Officer |
Laszlo Kulin (6) | Investment Tax Officer |
Michael F. Mulligan | Managing Director and Head of Global Guaranteed Investment Contracts |
(2) | 10880 Wilshire Boulevard, Los Angeles, CA 90024 |
(4) | 21650 Oxnard Street, Woodland Hills, CA 91367 |
(5) | 301 Grant Street, Pittsburgh, PA 15219 |
(7) | 777 S. Figueroa Street, Los Angeles, CA 90017 |
Officer/Directors* | Position | |
James T. Nichols(1) | Director, President and Chief Executive Officer | |
Terri N. Fiedler(2) | Director, Senior Vice President and Chief Distribution Officer | |
Todd P. Solash | Director | |
Frank Curran(1) | Vice President, Chief Financial Officer, Chief Operating Officer, Controller and Treasurer | |
Michael Fortey(2) | Chief Compliance Officer | |
John Thomas Genoy(1) | Vice President | |
Mallary Loren Reznik | Vice President | |
Daniel R. Cricks(2) | Vice President, Tax Officer | |
Thomas Clayton Spires(2) | Vice President, Tax Officer | |
Julie A. Cotton Hearne(2) | Vice President and Secretary | |
Rosemary Foster(2) | Assistant Secretary | |
Virginia N. Puzon | Assistant Secretary |
* | Unless otherwise indicated, the principal business address of AIG Capital Services, Inc. and of each of the above individuals is 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997. |
(1) | Principal business address 160 Greene Street, Jersey City, NJ 07311 |
Signature | Title | Date | ||
*KEVIN
T. HOGAN KEVIN T. HOGAN |
Director, Chairman, Chief Executive Officer, and President | October 8, 2020 | ||
*KATHERINE
A. ANDERSON KATHERINE A. ANDERSON |
Director, Senior Vice President and Chief Risk Officer | October 8, 2020 | ||
*THOMAS
J. DIEMER THOMAS J. DIEMER |
Director, Executive Vice President and Chief Financial Officer | October 8, 2020 | ||
*TERRI
N. FIEDLER TERRI N. FIEDLER |
Director | October 8, 2020 | ||
*MICHAEL
P. HARWOOD MICHAEL P. HARWOOD |
Director, Senior Vice President, Chief Actuary and Corporate Illustration Actuary | October 8, 2020 | ||
*ROBERT
J. SCHEINERMAN ROBERT J. SCHEINERMAN |
Director and Chief Executive Officer, Group Retirement | October 8, 2020 | ||
ALIREZA VASEGHI |
Director, Senior Vice President and Chief Investment Officer | |||
/s/
CRAIG A. ANDERSON CRAIG A. ANDERSON |
Senior Vice President and Life Controller | October 8, 2020 | ||
/s/
MANDA GHAFERI *MANDA GHAFERI |
Attorney-in-Fact | October 8, 2020 |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
8/20/21 | ||||
4/30/21 | ||||
1/1/21 | ||||
12/31/20 | 24F-2NT, N-CEN, N-VPFS | |||
Effective on: | 10/13/20 | 497 | ||
10/12/20 | ||||
Filed on: | 10/8/20 | |||
10/7/20 | ||||
9/30/20 | ||||
8/20/20 | ||||
8/19/20 | ||||
4/30/20 | 485BPOS, 497, 497J | |||
4/27/20 | 485BPOS | |||
3/30/20 | 24F-2NT | |||
3/29/20 | ||||
3/27/20 | ||||
1/31/20 | 497 | |||
1/1/20 | ||||
12/31/19 | 24F-2NT, N-CEN | |||
12/20/19 | ||||
10/7/19 | 485BPOS | |||
10/6/19 | ||||
9/9/19 | ||||
9/8/19 | ||||
8/20/19 | ||||
5/1/19 | 485BPOS, 497, 497J | |||
4/30/19 | 485BPOS | |||
4/25/19 | 485BPOS | |||
3/30/19 | ||||
12/31/18 | 24F-2NT, NT N-CEN, NTFNCEN | |||
5/2/18 | ||||
5/1/18 | 485BPOS | |||
4/30/18 | 485BPOS | |||
10/9/17 | ||||
10/8/17 | ||||
5/2/17 | EFFECT | |||
5/1/17 | 485BPOS, EFFECT | |||
4/30/17 | ||||
4/26/17 | 485APOS | |||
2/6/17 | ||||
2/5/17 | ||||
1/23/17 | ||||
12/19/16 | 485BPOS, 497 | |||
12/18/16 | ||||
12/15/16 | 485BPOS | |||
8/22/16 | 497 | |||
8/21/16 | ||||
5/1/16 | ||||
4/29/16 | 485BPOS | |||
2/29/16 | 497, NSAR-U | |||
2/28/16 | ||||
1/15/16 | ||||
5/1/15 | EFFECT | |||
4/27/15 | N-4/A | |||
1/1/09 | ||||
7/26/07 | ||||
10/11/06 | N-4 | |||
4/30/03 | 485BPOS | |||
9/11/01 | ||||
3/1/96 | 485APOS | |||
List all Filings |