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Aig Annuity Customer Service – Categories: Product Annuities, Fixed Annuities: 10 Years, AIG Annuities and Life Insurance, Annuities with Death Benefit, Annuities with Guaranteed Return, Annuities with Income Rider, Annuities Best for Seniors, Tax Guaranteed Retirement, Income Annuities, IRA Annuities, Ross Annuities, IRA Annuities, Tax Deferred

AIG Assured Edge Income Achiever Annuity is a traditional fixed annuity with a flexible lifetime retirement benefit.

Aig Annuity Customer Service

Aig Annuity Customer Service

Success Edge Income Guaranteed is a fixed tax-deferred annuity that features a Flexible Living Allowance (GLWB). An AIG life annuity can help you:

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AIG’s Assured Edge Income Achievers offer guaranteed income and the flexibility to guarantee lifetime income now or in the future. You can choose to activate the lifetime annuity at the appropriate time.

Once you start receiving a lifetime income, you can count on a guaranteed income for as long as you, or you and your spouse, live, depending on your choice whether you want to cover one person or two. privilege. You can receive income monthly, quarterly, semi-annually, or annually. Payments continue for the life of the subject, even if the contract value is completely exhausted due to withdrawal of lifetime earnings.

A lifetime income can be collected from age 50. Solve your lifetime income needs with our AIG Pension Calculator.

If a life-changing event occurs before your income is activated, the Assured Edge Income Successor gives you the flexibility to add or remove recipients. A life changing event is defined as marriage, divorce, or death.

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You will also have the opportunity to add or remove eligible people on the revenue activation date, subject to certain restrictions. When making changes, at least one of the original subjects mentioned in the question must be included as one of the subjects. Also, if we add a new audience:

If there are people who are very compatible, they must marry each other. Available coverage options may vary depending on individual circumstances as of the date of activation. GLIA can increase or decrease due to changes in the subjects. Once the life annuity is activated, the eligible person cannot change it for any reason.

When you purchase Edge Guaranteed Income Success, the Guaranteed Lifetime Withdrawal Benefit is automatically included in your contract.

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The annual fee for benefits is 0.95%. Fees are calculated as a percentage of the contract value and deducted from the contract value for each year. Once the contract is issued, the prices will not change.

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Life insurance withdrawal benefits cannot be canceled within the first 5 policy years unless cancelled. After the 5th anniversary of the contract, you can cancel life insurance withdrawal benefits. Once cancelled, reward costs will no longer apply and the guaranteed Lifetime Severance Reward is irrevocable.

The maximum amount you can deduct in each policy year under your Guaranteed Lifetime Deductible Benefit is your Lifetime Income Limitation (GLIA).

The company usually sets a percentage of the revenue. The percentages vary based on age at the time of purchase and whether income is based on a single or combined area. The rate of return is not a rate of return and does not add to the contract value.

Income level is a factor used to determine the amount of life insurance premium. At the end of the Premium coverage period (60 days after contract issuance), the first guaranteed lifetime income amount is set. If you choose to be jointly insured, it is equal to the total of the due taxes multiplied by the percentage of your income based on your age or due age.

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The Guaranteed Edge Income Success Purchase increases your guaranteed lifetime earnings based on a creditable 6% income growth rate each year until you maximize your lifetime earnings. The deduction is an amount calculated by multiplying the original GLIA by an income growth rate of 6%. Once the lifetime income is activated, the annual increase benefit ends.

To activate guaranteed lifetime income from a Guaranteed Income Succession Fixed Annuity, please contact our Service Center to request an income activation form. Once you’ve submitted your completed form, you’ll start receiving lifetime earnings withdrawals based on your chosen start date and payment frequency.

Once your first lifetime income is withdrawn, your guaranteed lifetime income amount will be set and will not be increased by income deductions. However, this amount can be reduced if it exceeds the guaranteed lifetime income or the minimum allowable distribution (RMD).

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For purposes of GLWB, the RMDs allowed are subject to this Agreement and shall not exceed the greater of the GLIA or the RMD amount calculated by us.

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Success Edge Income Assurance provides valuable protection for beneficiaries with the security and flexibility of being part of their retirement assets.

Additional premiums may be added to the AIG Fixed Annuity for the first 60 days from the policy issue date. These premiums are included in the policy value and life insurance premium calculation.

AIG Assured Edge Income Achievers have the flexibility to choose when to increase their lifetime income while maintaining access to contract values. Be aware that if you withdraw money from your pension before you activate your lifetime income, your withdrawal will reduce your deductions and GLIA proportionately. This includes RMDs that are allowed where no market value adjustment occurs. Withdrawals in excess of the GLIA will also reduce the GLIA after the Income Effective Date, except for allowable RMDs.

If you need to access the contract amount before or after activating your Lifetime Income, Edge Guaranteed Income Success allows certain withdrawals to be made without Market Value Adjustment (MVA). These deductions, which may reduce the GLIA, are referred to as No Penalty.

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The policy has a guaranteed death benefit in which the beneficiary is paid either the policy amount (excluding MVA) or a minimum withdrawal amount, whichever is greater, upon the owner’s death. You should also be aware that annuities with designated beneficiaries may be able to bypass the consolidation process.

You (or your beneficiary, if applicable) will not pay less than 87.5% of the due premiums if you choose to surrender outright, pay the death benefit, or cancel the policy. Annual rate specified in the contract.

AIG Assured Edge Income Achiever Fixed Annuities feature an initial seven-year interest rate guarantee period. After the initial guarantee period is over, the AIG Fixed Annuity interest rate is set annually. Interest is calculated into the bond daily to achieve an annual yield equal to the declared interest rate. There must be money in the year (without withdrawals) to achieve that rate for the entire year. Deposit interest does not apply to life assured withdrawal benefits.

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Withdrawals in excess of the penalty-free withdrawal amount during the Initial Rate Insurance Initial Year can be measured by MVA. MVA is based on a formula designed to react to interest rate changes at the time of withdrawal.

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In general, if interest rates rise after the date of issuance of the contract, MVA can reduce the amount received, subject to certain limits. If interest rates fall, MVA can increase the amount you receive up to a maximum percentage.

These special agreements are special agreements that allow you to withdraw without reducing the MVA if you meet certain conditions. There is no charge for these riders. Details about rider availability, including eligibility requirements and waiting times, are provided in riders. These riders are not available in all states. If you choose to opt out of these covenants, your GLWB benefits may be reduced.

401k, Cash, IRA, Non-qualified Income, Retirement Plan, Qualified Retirement Plan, Roth IRA, SEP IRA, SIMPLE IRA, TSA 403b

Non-eligible funds include cash, checks, savings, and life insurance premiums. When you withdraw money, only the interest you receive is taxed as ordinary income.

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Eligible funds include 401k, IRA, SEP, 403b and TSA. When you withdraw money, both the principal and the interest are taxed as ordinary income.

Withdrawing money from your pension before turning 59.5 is subject to a 10% penalty and a regular income tax from the IRS.

Disclaimer*: Brochures may vary by state. For the most accurate information, please request information on our quote request form.

Aig Annuity Customer Service

The current fixed annuity rate is displayed on the Additional Information tab. You can also compare current pension rates here.

Aig Certification Of Trust

Fixed annuities are not FDIC insured, but they provide the same protection for your money. An annuity is an insurance policy that is guaranteed by the insurance company’s ability to pay claims. An insurer is a member of the State Insurance Certification Association in each state in which it operates. Each state’s insurance association protects consumers in the unlikely event that an insurance company defaults and defaults on its obligations to consumers (caps vary by state). American General Life Insurance Company (AGL) American General Life Insurance Company of New York (USA) Submission Procedures The attached form and instructions are available for submission purposes.

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