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Sunamerica Annuity & Life Assurance Co – ‘424B3’ on 6/4/99

On:  Friday, 6/4/99   ·   Accession #:  950148-99-1347   ·   File #:  333-18333

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 6/04/99  Sunamerica Annuity & Life Ass..Co 424B3                  1:5K                                     Bowne of Century City/FA

Prospectus   —   Rule 424(b)(3)
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 424B3       Prospectus                                             2±     8K 

424B3TOCTopPreviousNextBottomJust 1st
 

ANCHOR NATIONAL LIFE INSURANCE COMPANY VARIABLE SEPARATE ACCOUNT ------------------------------------------------- SUPPLEMENT TO THE POLARIS II PROSPECTUS DATED APRIL 1, 1999 Anchor National no longer offers the plus and max options as part of the Income Protector feature for new contracts. Your contract includes the base Income Protector feature as well as the plus and max options if we: (1) received your application and Request for Transfer/1035 Exchange by March 31, 1999; (2) received the transferred funds by May 31, 1999; and (3) issued your contract in a state in which the Income Protector feature was available on March 31, 1999. The plus and max options remain available to you until you switch to the Income Phase of your contract. You may elect these options at any time. The income benefit base for the plus or max option accumulates at specified annual growth rates from the date the option you elect becomes effective. Once you elect an option, we guarantee the then current growth rate for the life of your contract. The current growth rates are as follows: --------------------------------------- ---------------------------------------- Option Current Growth Rate* --------------------------------------- ---------------------------------------- The Income Protector Plus 3.25% --------------------------------------- ---------------------------------------- The Income Protector Max 6.50% --------------------------------------- ---------------------------------------- * Growth rates are subject to change in the future. Generally, to elect the plus and max options you must complete the Income Protector election form available through our Annuity Service Center. Once effective, the option applies for the life of your contract. Your income benefit base will begin accumulating at the applicable growth rate on the contract anniversary following our receipt of your election form. In order to take income using the Income Protector feature, you may not begin the Income Phase of your contract until: - Your 7th contract anniversary, if you annuitize using the base Income Protector; or - If you elect the plus or max option, seven years following the later of (a) the date the option becomes effective or (b) your latest step-up date. The base Income Protector is a standard feature of your contract at no extra charge. If you elect the Income Protector plus or max option, we charge a fee as follows: --------------------------------------- ---------------------------------------- Option Fee as a % of Income Benefit Base --------------------------------------- ---------------------------------------- The Income Protector Plus .15% --------------------------------------- ---------------------------------------- The Income Protector Max .30% --------------------------------------- ---------------------------------------- For more information on the plus and max options, please see the prospectus you received at the time you purchased your contract or contact our Annuity Service Center at (800) 445-7862 or your financial representative. Date: June 4, 1999 Please keep this Supplement with your Prospectus

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘424B3’ Filing    Date    Other Filings
Filed on:6/4/99
5/31/99
4/1/99424B3,  POS AM
3/31/9910-Q
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Filing Submission 0000950148-99-001347   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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