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Web site facelift offers a preview of things to come
If you've visited aigvalic.com lately, you probably noticed our home page's new look, which features:
- The rearrangement of Web site contents
- New graphics to enhance the balance between visuals and text
- Additional links to help streamline navigation
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But this new look is only a hint of what we're planning for aigvalic.com. It's the first step in a robust program to expand our online capabilities and improve the user experience of our clients and other Web site visitors.
Today, many people go online to do business directly with companies. Our own clients may also use the Web to conduct research before contacting an expert. Thus, it's increasingly important to provide ready online access to financial information, tools and educational sources.
The AIG VALIC Web site now under development will integrate these capabilities in an easy-to-access and simple-to-navigate online resource for plan sponsors and their employees.
Look for future announcements about the launch date for the new aigvalic.com!
Lock in market gains. Lock out market downturns.
IncomeLOCKSM available with VALIC Portfolio Director® Fixed and Variable Annuity
With IncomeLOCK, an add-on benefit available with the VALIC Portfolio Director Fixed and Variable Annuity, employees can receive an income during retirement that's based on their contract's highest anniversary value during the benefit's first 10 years - including possible income for life.
If employees take withdrawals under IncomeLOCK, this living benefit option:
- Automatically locks in market gains each year on the benefit anniversary during the benefit's first 10 years (or first 20 years, if the benefit is extended).
- Locks out market downturns, guaranteeing that retirement income won't go down, no matter how the market performs.
- Locks up income for retirement because of the flexibility to take income when and how it's needed. Or, a guaranteed lifetime income of 5% is available if the employee waits until age 65 to take his or her first withdrawal.
IncomeLOCK is not available to employees who are making recurring contributions to their annuities.
The optional IncomeLOCK feature is available for an annual fee of 0.65% of the Benefit Base to investors age 75 or younger. Of course, the fee - which is deducted on a quarterly basis from the contract value as long as the contract value is greater than zero - reduces the total growth potential of an account. But still, regardless of when the employee begins taking withdrawals, IncomeLOCK automatically locks in market gains for his or her retirement income on the first through 10th benefit anniversaries.
To find out more about IncomeLOCK, call 1-888-478-7020 to schedule a demonstration.
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