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INDEX ANNUITY
The Power Series of Index Annuities ® Interest crediting options and features at a glance
Power 10 Protector ® Power 10 Protector Plus Income ®
Issued by American General Life Insurance Company (AGL), an AIG member company. Guarantees are backed by the claims-paying ability of AGL. Not available in NY.
The Power Series of Index Annuities offer you the opportunity to Accumulate more assets for retirement
In today’s market environment, it’s critical to find a retirement savings vehicle that combines strong growth potential with downside principal protection. The Power Series of Index Annuities can help grow your retirement assets and income, while also guaranteeing that your principal will never decline due to market volatility! 1
Two Ways to Help Grow Your Money
1. Earn interest based on your choice of four different indices
Equity market index
Multi-asset, risk-managed indices
AQR DynamiQ Allocation Index ® (Global Stocks and Global Bonds)
ML Strategic Balanced Index ® (Stocks, Bonds & Cash)
PIMCO Global Optima Index ® (Global Stocks & U.S. Bonds)
S&P 500 ® (U.S. Stocks)
Note: Index annuities are not a direct investment in the stock market. Interest earned is never less than zero in flat or down markets. The S&P 500 ® is a price return index and does not include dividends. The AQR DynamiQ Allocation and ML Strategic Balanced indices have an embedded cost. See back cover for details.
2. Benefit from the comfort and financial security of a guaranteed rate of interest
1-Year Fixed Account
Understanding The Power Series of Index Annuities The Power Series of Index Annuities are fixed index annuities (FIAs) issued by American General Life Insurance Company (AGL). They are insurance contracts, not direct investments in the stock market or any particular index. In exchange for your money (premium), the FIA provides you with the opportunity to earn interest based on specific indices or a fixed rate. When you need income, AGL promises to make regular income payments through annuitization (a process that permanently converts your contract to retirement income for no cost) or through an enhanced feature (also known as a guaranteed living benefit or GLB rider) for an annual fee. A GLB rider is not available in all Power Series of Index Annuities. 1 Principal may decline due to withdrawals and/or fees associated with the Enhanced Participation Rate Accounts or GLB Rider.
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Choose the index interest accounts that help fit your accumulation needs
Each account may earn interest based partly on the performance of an index. Choose from an index that focuses on one asset class to those that diversify across many. Interest earned varies depending on the performance potential of the index and the index interest account selected. Index interest accounts The table below shows the account options available for each index. For example, with the S&P 500® Index, you can choose from 3 index interest accounts, each with an index rate cap, participation (PAR) rate or enhanced PAR rate.
Index interest account options
Index Rate Cap
Participation (PAR) Rate
Enhanced PAR Rate 2
Index Term
S&P 500 ® U.S. stock index composed of 500 leading stocks
Equity market index
Annual Point-to-Point
AQR DynamiQ Allocation Index ® Multi-style index across global equities and fixed income
Annual Point-to-Point
2-Year Point-to-Point
Multi-asset risk-managed indices
Annual Point-to-Point
ML Strategic Balanced Index ® Hybrid index of stocks, bonds and cash
2-Year Point-to-Point
PIMCO Global Optima Index ® Dynamic index of global equity and U.S. fixed income markets
Annual Point-to-Point
2-Year Point-to-Point
1-Year Fixed Account that provides the comfort and security of a guaranteed rate. Rate is subject to change on contract anniversaries.
Fixed Interest Account
2 Available for an annual fee. This chart is not intended to recommend any specific account(s). Consult your financial professional or agent to determine which account(s) are appropriate for your specific situation and risk tolerance. The S&P 500® is a price return index and does not include dividends. Assets are not directly invested in any indices or stocks, therefore your contract value will not decline due to market downturns. Interest earned is never less than zero in flat or down markets. Principal may decline due to withdrawals and/or fees. Enhanced PAR Rate index interest accounts may not be available in all states.
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Benefit from the power of index-based performance
Depending on the account you choose, your assets may grow with index interest calculated as follows:
• First, interest is based on index performance over a 1- or 2-year period. For example, the “Annual Point-to- Point” index term is determined using the percentage change of the index from one contract anniversary (i.e., the date the annuity is purchased) to the next contract anniversary. • Next, interest is adjusted by index rate caps, PAR rates or enhanced PAR rates. These contract provisions can limit, reduce or even increase the amount of interest earned (see examples below).
Understanding the index rate cap, participation rate and enhanced participation rate
What It Is
Hypothetical Example of How It Works
10 % > 5 % = 5 %
Index Rate Cap
Maximum percentage of index performance that can be credited as interest for an index term
Index Change
Cap Interest Earned
10
% x 40 % = 4 %
Participation (PAR) Rate
Percentage of index performance used to calculate interest
Index Change
Interest Earned
PAR Rate
10 % x 110 % = 11 %
Enhanced Participation (PAR) Rate
A higher PAR rate available in select accounts for a fee based on the account’s value at the beginning of the term. Please see the annuity’s index rate flyer for the current fee.
Index Change
Enhanced PAR Rate
Interest Earned
You may but are not guaranteed to receive higher interest credits with these accounts.
Enhanced Participation Rate (EPR) Level-Up Credit
A one-time automatic adjustment that may occur at the end of the withdrawal charge period. If total EPR fees exceed total interest earned in the annuity, the difference will be credited to your annuity at the end of the withdrawal charge period (see page 5 for withdrawal charge information).
$ 10,000 - $ 9,000 = $ 1,000
Total EPR fees deducted
Total interest credited to the annuity
EPR Level-Up Credit
Note: The rates above are for illustrative purposes only and do not represent the rates within your contract. The index rate caps, participation rates, and enhanced participation rates are set at contract issue and guaranteed not to change until the end of the index term (1 or 2 years). Rates may be higher or lower upon reset. Please ask your financial professional or agent for the current rates and EPR fees for each index interest account, as well as the interest rate for the fixed interest account. Index interest accounts may not be available in all states. Please see your financial professional or agent and the Owner Acknowledgment and Disclosure Statement for more information on the availability of these accounts. Index interest accounts are not a permanent part of the contract and may be removed due to circumstances beyond the control of the issuing insurance company. These circumstances and the special rules that govern how assets in a discontinued index interest account may be reallocated are outlined in the contract and the Owner Acknowledgment and Disclosure Statement. Please read them for more information as these rules may vary by contract and state.
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Additional Product Information at a Glance
Shared Features
Power 10 Protector and Power 10 Protector Plus Income Index Annuities
Access to Your Money in Times of Need or Illness
Withdrawal charges and Market Value Adjustments (see below) may be waived if you are diagnosed with a terminal illness or are confined to a nursing home or an assisted living facility. Restrictions and limitations apply. May not be available in all states. Death benefit proceeds can pass directly to your designated beneficiary without probate. Your beneficiary will receive the greater of your contract value, including applicable interest, or the Minimum Withdrawal Value (see below) upon death, avoiding the potential delays and costs of probate. If you fully surrender your annuity, you will receive the greater of the contract value (adjusted for any MVA, living benefit fee and withdrawal charge) or the Minimum Withdrawal Value. After the first contract year, you can withdraw up to 10% of your contract value (based on your prior anniversary value) without incurring any company-imposed charges (see Withdrawal Charge below). Withdrawals in excess of the Free Withdrawal amount or amounts annuitized during the first 10 years are subject to an MVA. This adjustment may either increase or decrease the amount you receive, and is determined by a formula in the contract that reflects changes in the yield of an external index since the contract was issued. May not apply in all states.
Beneficiary Protection
Cash Surrender Value
Free Withdrawals
Market Value Adjustment (MVA)
Minimum Withdrawal Value Upon full surrender, payment of death benefit or annuitization, you will never receive less than 87.5% of your premium, less withdrawals (excluding any withdrawal charge and MVA), growing at an annual rate as specified in your contract. State variations apply. Premium • Initial: $25,000 minimum (qualified and non-qualified) • Subsequent: Only in the first 30 days after contract issue • Requires prior company approval if total of all contracts issued to the same owner and/or annuitant exceeds $1 million
Withdrawal Charge
Withdrawals in excess of the Free Withdrawal amount are subject to withdrawal charges that decline over 10 years, as follows: 10-9-8-7-6-5-4-3-2-1-0%
Key Differences
Power 10 Protector
Power 10 Protector Plus Income
Issue Age
18-75
50-75
Lifetime Income Choice® Guaranteed Living Benefit (GLB) Rider
Not available 3
Included as part of the contract for an annual fee of 1.10%. Please see the GLB rider brochure for details.
Please see your financial professional or agent and refer to the Owner Acknowledgment and Disclosure Statement for more information about The Power Series of Index Annuities.
3 Lifetime income is available through annuitization. Index annuities are not a direct investment in the stock market. They are long-term insurance products with guarantees backed by the claims-paying ability of the issuing insurance company. They provide the potential for interest to be credited based in part on the performance of the specified index, without the risk of loss of premium due to market downturns or fluctuations. Index annuities may not be appropriate for all individuals. 5
The S&P 500® Index is a product of S&P Dow Jones Indices LLC (“SPDJI”), and has been licensed for use by American General Life Insurance Company (“AGL”) and affiliates. Standard & Poor’s,® S&P,® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by AGL and affiliates. AGL and affiliates’ products are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates, and none of such parties make any representation regarding the advisability of purchasing such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500® Index. The PIMCO Global Optima Index® (the “Index”) is a trademark of Pacific Investment Management Company LLC (“PIMCO”) and has been licensed for use by American General Life Insurance Company (“AGL”) with respect to the Power Series of Index Annuities (the “Product”). The Index is the exclusive property of PIMCO and is made and compiled without regard to the needs, including, but not limited to, the suitability or appropriateness needs, as applicable, of AGL, the Product, or owners of the Product. The Product is not sold, sponsored, endorsed or promoted by PIMCO or any other party involved in, or related to, making or compiling the Index. Neither PIMCO, the index calculation agent nor any of the constituent owners provides investment advice to AGL with respect to the Product or to owners of the Product. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index has any obligation to continue to provide the Index to AGL with respect to the Product. Neither PIMCO nor any other party involved in, or related to, making or compiling the Index makes any representation regarding the Index, Index information, performance, annuities generally or the Product particularly. PIMCO disclaims all warranties, express or implied, including all warranties of merchantability or fitness for a particular purpose or use. PIMCO shall have no responsibility or liability whatsoever with respect to the Product. The Index is comprised of a number of constituents, some of which are owned by entities other than PIMCO. The Index relies on a variety of publicly available data and information and licensable equity and fixed income sub-indices. All disclaimers relative to PIMCO also apply separately to those constituent owners and to the index calculation agent. The ML Strategic Balanced Index®: AGL’s licensing relationship with Merrill Lynch, Pierce, Fenner & Smith Incorporated for use of the ML Strategic Balanced Index and for use of certain service marks includes AGL’s purchase of financial instruments for purposes of meeting its interest crediting obligations. Some portion of those instruments will, or may be, purchased from Merrill Lynch, Pierce, Fenner & Smith Incorporated or its affiliates. Merrill Lynch, Pierce, Fenner & Smith Incorporated and its affiliates (“BofA Merrill Lynch”) indices and related information, the name “BofA Merrill Lynch”, and related trademarks, are intellectual property licensed from BofA Merrill Lynch, and may not be copied, used, or distributed without BofA Merrill Lynch’s prior written approval. The products of licensee AGL have not been passed on as to their legality or suitability, and are not regulated, issued, endorsed, sold, guaranteed, or promoted by BofA Merrill Lynch. BOFA MERRILL LYNCH MAKES NO WARRANTIES AND BEARS NO LIABILITY WITH RESPECT TO ANY INDEX, ANY RELATED INFORMATION, ITS TRADEMARKS, OR THE PRODUCT(S) (INCLUDING WITHOUT LIMITATION, ITS QUALITY, ACCURACY, SUITABILITY AND/OR COMPLETENESS). The ML Strategic Balanced Index® (the “Index”) is the property of Merrill Lynch, Pierce, Fenner & Smith Incorporated, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Index. The Index is not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Index. “Calculated by S&P Dow Jones Indices” and the related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by Merrill Lynch, Pierce, Fenner & Smith Incorporated. AQR and the AQR DynamiQ Allocation Index® are trademarks or service marks of AQR Capital Management, LLC or one of its affiliates (“AQR”) and have been licensed for use by American General Life Insurance Company (the “Company”) for use as a benchmark for an annuity (inclusive of all applicable riders, the “Product”). The Product is not sponsored, endorsed, sold or promoted by AQR or its affiliates, and they make no representation, and do not provide any investment advice, regarding the advisability of investing in the Product or obtaining exposure to the Index. The Index is constructed without regard to the investment needs or suitability of the Company, the Product, or any Product owners. AQR and the Index’s calculation agent have no obligation or liability whatsoever with respect to, and make no representations regarding, the Product. AQR makes no representation regarding the ability of the Index to achieve its goals and disclaims all express or implied warranties, including any warranty of merchantability and fitness for a particular purpose or use, in connection with the Index, including, without limitation, any results to be obtained by tracking the Index. Neither AQR nor the Index’s Calculation Agent guarantees the accuracy or completeness of the Index. NONE OF AQR OR ITS AFFILIATES SHALL HAVE ANY LIABILITY FOR ANY ERRORS, OMISSION OR INTERRUPTIONS OF OR IN CONNECTION WITH THE INDEX OR ANY DATA INCLUDED THEREIN OR FOR THE PRODUCT. Both the ML Strategic Balanced Index® and the AQR DynamiQ Allocation Index® embed an annual index cost in the calculations of the change in index value. This embedded index cost will reduce any change in index value, and it funds certain operational and licensing costs for the indices. Since it will affect the return of the indices, it may also impact the amount of interest credited to an index annuity; however, it is not a fee paid by you or received by the issuing insurance company. AIG Life & Retirement consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. It includes the following major U.S. life insurance companies: American General Life Insurance Company; The Variable Annuity Life Insurance Company; and The United States Life Insurance Company in the City of New York. All companies are members of American International Group, Inc. (AIG). Annuities are issued by American General Life Insurance Company, Houston, Texas. Power Series Modified Single Premium Deferred Fixed Index Annuity (Single Premium Only in Oregon), Contract Numbers: AG-800 (12/12), AG-801 (12/12) and AG-800-ID (12/12). American General Life Insurance Company (AGL) is a member of the American International Group, Inc. (AIG) family of financial services companies. The underwriting risks, financial and contractual obligations and support functions associated with the annuities issued by AGL are its responsibility. Guarantees are backed by the claims-paying ability of AGL. AGL does not issue products in the state of New York. Annuities and riders may vary by state and are not available in all states. This material is not intended for use in the state of Idaho or New York. AIG Life & Retirement consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. It includes the following major U.S. life insurance companies: American General Life Insurance Company; The Variable Annuity Life Insurance Company; and The United States Life Insurance Company in the City of New York. All companies are members of American International Group, Inc. (AIG). ©2022 American International Group, Inc.
All rights reserved. aig.com/annuities
Not FDIC or NCUA/NCUSIF Insured May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency
I6245IC2.1 (8/22)
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