POLARIS. Variable Annuities. Polaris Choice IV. Polaris Platinum III FOR THOSE WHO WANT MORE

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1 Polaris Variable Annuities Polaris Choice IV Polaris Platinum III POLARIS FOR THOSE WHO WANT MORE This material must not be distributed without a Polaris product brochure; it cannot be used alone.

2 Polaris Choice IV Base contract with Standard Death Benefit Maximum issue age: %²; $50 contract maintenance fee (in NM: $30); currently waived if contract value is $75,000 or more on contract anniversary. Minimum initial investment: $25,000 (Non-Qualified and Qualified); additional: $500 (Non-Qualified and Qualified); $100 if Automatic Payment Plan is used. 3 Professional money management Total portfolio operating expenses range from 0.72% to 1.48% 4 as of 12/31/14 and 1/31/15, respectively. Dollar cost averaging Choose from two Dollar Cost Averaging (DCA) fixed accounts: 6-month or 1-year 5 Transfers between variable portfolios 15 free transfers per contract year, $25 thereafter (in PA and TX: $10) Automatic asset rebalancing Quarterly, semiannual or annual available. (Quarterly required with income protection feature) Withdrawal charges Free withdrawals during the withdrawal charge period 4-year declining withdrawal charge (applies to each payment): %. After 4 full years, withdrawal charges no longer apply to a payment. Greater of: 10% of purchase payments not yet withdrawn each contract year or, if an income protection feature is elected, the maximum annual withdrawal amount. Note: If you are taking your contract s Required Minimum Distribution (RMD), any withdrawal charges applicable to such withdrawals are currently waived. Systematic withdrawals Minimum amount: $100. (Available monthly, quarterly, semiannually or annually) Nursing home waiver Waives withdrawal charges for certain withdrawals. (Not available in California) Annuitization Latest annuity date: 95th birthday. Upon annuitization, the death benefit will no longer apply. Please contact us prior to your 95th birthday to discuss options. Optional Features Income Protection You may choose one income protection feature Polaris Income Plus Daily SM Min. issue age: 45/Max. issue age: 80 6 Polaris Income Plus Min. issue age: 45/Max. issue age: 80 6 Polaris Income Builder Min. issue age: 65/Max. issue age: 80 6 Initial: +1.10% Single Life 7 ; +1.35% Joint Life 7 Fee rate is guaranteed for one year. After one year, fee rate will be adjusted quarterly based on a predetermined, non-discretionary formula. Minimum annual fee rate is 0.60%. Maximum annual fee rate for the life of the contract is 2.20% for Single Life; 2.70% for Joint Life. Family Protection You may choose the following enhanced death benefit Maximum Anniversary Value Death Benefit Max. issue age: % 2 1 If jointly owned, age is based on older owner unless otherwise indicated. 2 Annualized fee deducted from the average daily ending net asset values allocated to the variable portfolios. 3 Additional purchase payments will not be accepted on or after the 86th birthday. However, if an income protection feature is elected, additional purchase payments will not be accepted on or after the first contract anniversary, regardless of age. 4 Deducted from the underlying funds of the applicable trusts. 5 Dollar cost averaging does not ensure a profit or protect against a loss. You should consider your ability to sustain investments during periods of market downturns. Any fixed rates paid will be paid on a declining balance. 6 Single Life: Age is based on older individual if jointly owned. Joint Life: Age is based on younger individual. Please see a prospectus for more detailed information about age requirements. 7 Annualized fee calculated as a percentage of the Income Base, deducted

3 Polaris Platinum III Base contract with Standard Death Benefit Maximum issue age: % 2 ; $50 contract maintenance fee (in NM: $30); currently waived if contract value is $75,000 or more on contract anniversary. Minimum initial investment: $10,000 (Non-Qualified); $4,000 (Qualified); additional: $500 (Non-Qualified and Qualified); $100 if Automatic Payment Plan is used. 3 Professional money management Total portfolio operating expenses range from 0.72% to 1.48% 4 as of 12/31/14 and 1/31/15, respectively. Dollar cost averaging Choose from two Dollar Cost Averaging (DCA) fixed accounts: 6-month or 1-year 5 Transfers between variable portfolios 15 free transfers per contract year, $25 thereafter (in PA and TX: $10) Automatic asset rebalancing Quarterly, semiannual or annual available. (Quarterly required with income protection feature) Withdrawal charges Free withdrawals during the withdrawal charge period 7-year declining withdrawal charge (applies to each payment): %. After 7 full years, withdrawal charges no longer apply to a payment. Greater of: 10% of purchase payments not yet withdrawn each contract year or, if an income protection feature is elected, the maximum annual withdrawal amount. Note: If you are taking your contract s Required Minimum Distribution (RMD), any withdrawal charges applicable to such withdrawals are currently waived. Systematic withdrawals Minimum amount: $100. (Available monthly, quarterly, semiannually or annually) Nursing home waiver Waives withdrawal charges for certain withdrawals. (Not available in California) Annuitization Latest annuity date: 95th birthday. Upon annuitization, the death benefit will no longer apply. Please contact us prior to your 95th birthday to discuss options. Optional Features Income Protection You may choose one income protection feature Polaris Income Plus Daily SM Min. issue age: 45/Max. issue age: 80 6 Polaris Income Plus Min. issue age: 45/Max. issue age: 80 6 Polaris Income Builder Min. issue age: 65/Max. issue age: 80 6 Initial: +1.10% Single Life 7 ; +1.35% Joint Life 7 Fee rate is guaranteed for one year. After one year, fee rate will be adjusted quarterly based on a predetermined, non-discretionary formula. Minimum annual fee rate is 0.60%. Maximum annual fee rate for the life of the contract is 2.20% for Single Life; 2.70% for Joint Life. Family Protection You may choose the following enhanced death benefit Maximum Anniversary Value Death Benefit Max. issue age: % 2 from contract value quarterly. (In certain states, this fee will be deducted pro-rata from the variable portfolios only.) The maximum annualized fee rate decrease or increase is 0.25% each quarter. This means the fee rate can decrease or increase by no more than % each quarter (0.25%/4). Please see prospectus for details. Maximum issue age may be lower if certain optional features are selected. Please check with your financial advisor for more information. In New York, Oregon, Texas and Washington, the annual contract administration charge and the fee for Income Builder, Income Plus and Income Plus Daily are deducted from the variable portfolios only. Features may not be available in all states and additional state variations may apply. Please see the prospectus for more information.

4 Polaris Variable Annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance-licensed financial advisor or call to obtain a prospectus. Please read the prospectus carefully before investing. Annuities are long-term investments designed for retirement. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in Polaris involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. The purchase of Polaris is not required for, and is not a term of, the provision of any banking service or activity. All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurance company. Polaris Variable Annuities, form number AG-803 (7/13), are issued by American General Life Insurance Company (AGL). In New York, Polaris Variable Annuities, form number US-803 (12/15), are issued by The United States Life Insurance Company in the City of New York (US Life). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA, Oxnard Street, Suite 750, Woodland Hills, CA , AGL, US Life and ACS are members of American International Group, Inc. (AIG) American International Group, Inc. Polaris is a registered trademark. All rights reserved. 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 R5562CCN.1 (5/16) aig.com/annuities

5 Polaris Variable Annuity POLARIS FOR THOSE WHO WANT MORE Offering Optional Income Protection with Polaris Income Plus and Polaris Income Builder

6 WHEN YOUR GOALS ARE Performance Protection Strength Polaris Variable Annuity This material must not be used without a Polaris product summary brochure. Polaris Variable Annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance-licensed financial advisor or call to obtain a prospectus. Please read the prospectus carefully before investing. A Polaris Variable Annuity is a long-term investment that combines growth potential, protection features for your family and optional retirement income choices. It can help you while you are building assets in the accumulation phase and when you are ready to draw upon those assets during the income phase. Annuities are insurance products whose gains accumulate tax-deferred and are taxed as ordinary income when withdrawn. Withdrawals of taxable amounts are subject to ordinary income tax and if taken before age 59½, an additional 10% federal tax may apply. Contract and optional benefit guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Polaris Variable Annuities are issued by American General Life Insurance Company (American General Life) except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life). 2 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

7 Polaris VARIABLE ANNUITY It all begins with you. Planning today for the comfortable retirement you want tomorrow usually starts with these three priorities: 1 Plan for a long retirement 2 Maintain your lifestyle 3 Participate in market gains, while helping to reduce risk Address all three, and you may have the foundation for a solid retirement plan. Sound overwhelming? It doesn t have to be. A Polaris Variable Annuity can help you secure lifetime income for your retirement wherever it takes you. With Polaris, you and your insurance-licensed financial advisor can design a customized income solution for a portion of your retirement portfolio. CONTENTS RETIREMENT PRIORITIES 2 POLARIS INCOME PLUS 7 POLARIS INCOME BUILDER 14 INVESTMENT OPTIONS 16 FAMILY PROTECTION 23 1

8 Today s Priorities for Retirement 1 Plan for a long retirement 2 Maintain your lifestyle Retirement may last longer than you think. With many Americans retiring in their early 60s, it s easy to see how retirement can last for 30 years or more. Consider the probability of how long a couple, both age 65, may live: 50% chance that at least one spouse will live to age 93 25% chance that one spouse will live to age 97 With inflation, retirement may also cost more than you think. Over the past 80 years, inflation has averaged about 3.62% annually. And while that may not seem like a lot, over time, the impact of even moderate inflation can be dramatic. Assuming the same rate of inflation experienced over the past 30 years approximately 2.6% potential expenses could more than double over the next 30 years! Hypothetical expenses Source: Society of Actuaries 2012 Individual Annuitant Mortality Tables. Assumes a couple, both age 65. $60,000 $129,970 (if history repeats itself) Source: Wilshire Compass,

9 Polaris VARIABLE ANNUITY 3 Participate in potential gains, while reducing downside risk Stocks historically have outperformed other types of investments over long periods of time. Of course, past performance is not a guarantee of future performance. Growth of a $1 Investment, $19 While the long-term trend of the stock market has been positive, there have been periods of significant price declines, such as the market downturn in 2008, which can come at the wrong time for your retirement. Market volatility is to be expected over time. That s why it s important to look for ways to reduce downside risk. Stock Market Volatility Since /2/ /31/2015 $7 Dips (5% or more) Corrections (10% or more) Bear Markets (20% or more) $ per year per year 32 Once every 3.6 years 3 T-Bills Bonds Stocks Your financial advisor can help you address today s retirement priorities as you plan for your retirement. The chart above is hypothetical and for illustrative purposes only and does not represent any particular investment. Performance illustrated is not indicative of future results. Performance for specific investments is available from your financial advisor. Your financial advisor can help you determine what type of investments may be appropriate for you. 1 Source: Wilshire Compass, T-Bills are represented by the T-Bill Index. Bonds are represented by the US Core Bond Index. Stocks are represented by the US Large Cap Core Stocks Index. The T-Bill Index, US Core Bond Index and the US Large Cap Core Stocks Index are a proxy of the treasury bill market, bond market and equity market. The indices have been constructed by Wilshire with data from various sources to provide a historical track record. T-Bills and government bonds are subject to interest rate risk, but they are backed by the full faith and credit of the U.S. Government if held to maturity. The repayment of principal and interest of a corporate bond is guaranteed by the issuing company, and subject to default, credit and interest rate risk. Stocks are subject to risk, including stock market fluctuation. Keep in mind, you cannot invest directly in an index; indexes are unmanaged. 2 Source: Ned Davis Research, Inc., based on Dow Jones Industrial Average, daily closes. 3 Average for period shown. 3

10 Key Questions to Consider How will your income needs change in retirement? When it comes to planning for retirement income, it s often assumed that expenses will remain the same throughout retirement or possibly even rise due to inflation. However, research shows that overall expenditures actually decline throughout retirement, so you may need the most income early in retirement and less later on. As you can see illustrated in this table, total expenditures for those age 75+ are 35% less than those age Total annual expenditures by age Annual Spending Age $56,267 Age $48,885 Age 75+ $36,673 % Change Apparel & Services $1,789 $1,417 $683-62% Entertainment 2,852 2,988 1,626-43% Food & Alcohol 7,257 6,758 4,568-37% Healthcare 4,958 5,956 5, % Housing 18,006 15,838 13,375-26% Transportation 9,321 8,338 5,091-45% Miscellaneous & Other 4,986 4,430 4,582-8% Personal Insurance & Other 7,098 3,160 1,040-85% Total Expenditures $56,267 $48,885 $36,673-35% Source: U.S. Department of Labor, Bureau of Labor Statistics, Consumer Expenditure Survey, September

11 Polaris VARIABLE ANNUITY What if you retire at the wrong time? When planning for your retirement income, it s important to consider the order in which you encounter positive and negative investment returns, also known as the sequence of returns. During the accumulation years, when income is not being withdrawn, the sequence of returns has no impact on ending values over time. For example, if an investor with a $100,000 investment earned an average return of 4.9% * over an accumulation period of 10 years, it makes no difference whether strong returns or negative returns are encountered early on. The ending value would be $140,146 in either case. However, once you begin taking withdrawals from your investment, the sequence of returns can have a long lasting impact on one s ability to draw income down the road. In the example below, the average return over ten years for both investors is 4.9%. * But when $5,000 is withdrawn each year from an initial investment of $100,000, the investor who experienced negative returns in the early years of retirement was left with $58,419 after 10 years. That s $38,631 or 40% less than the investor who encountered strong returns in the early years of retirement and had $97,050 after 10 years. The Sequence of Returns Matters Year Investor A: Experiences Early Gains Investor B: Experiences Early Losses Return $100,000 Withdrawal Return $100,000 Withdrawal 1 27% $122,000 $5,000 2% $97,000 $5, % $136,520 $5,000-29% $63,870 $5, % $160,189 $5,000-14% $49,928 $5, % $139,170 $5,000 17% $53,416 $5, % $145,304 $5,000 11% $54,292 $5, % $156,287 $5,000 8% $53,635 $5, % $177,856 $5,000-10% $43,272 $5, % $147,956 $5,000 21% $47,359 $5, % $100,049 $5,000 16% $49,936 $5, % $97,050 $5,000 27% $58,419 $5,000 Average Return 4.9%* Average Return 4.9%* *Note: Return shown is the arithmetic average return. The above illustrations are hypothetical. They are not intended to be indicative of the performance of a specific investment option. The examples above do not take into consideration any annual fees or taxes, which if shown, would lower results illustrated. Performance illustrated is not indicative of future results. 5

12 Protect Your Retirement Income Choose an optional income protection feature If you re concerned about market volatility impacting your retirement income, consider an optional income protection feature. Polaris offers you a choice of income protection features that are available for an additional annual fee and designed to help you grow and protect your retirement income no matter how the market performs. Polaris Income Plus (issue ages 45 80) Polaris Income Builder (issue ages 65 80) Polaris Income Plus and Polaris Income Builder offer you the opportunity to participate in potential market gains with the assurance of guaranteed lifetime income that is protected from market volatility. While you re accumulating money for retirement, these features offer you the opportunity to receive an income credit to your Income Base for future income. When you re ready to retire, you can count on a guaranteed income stream for as long as you or you and your spouse live. Polaris income protection features must be elected at the time of purchase and, once elected, may not be changed. You may choose only one income protection feature. If you elect Income Plus or Income Builder, certain investment requirements apply. Please see page 17 for more information. As an alternative to an optional income protection feature, you can annuitize your contract and receive income payments for life at no additional cost. Contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company. Please note, in certain states and firms, an additional income protection feature with different parameters may be available. Check with your financial advisor for more information. Is your retirement income protected against market volatility? To help protect against the unexpected, you insure what s important to you whether it s your home, your car or even your life. Shouldn t you consider doing the same with your retirement income? 6

13 Polaris INCOME PLUS Secure lifetime income for retirement with Polaris Income Plus Polaris Income Plus offers: The opportunity for rising income. Income Plus locks in to your Income Base the greater of your investment gains or an annual income credit of up to 6% (calculated as a percentage of your Income Credit Base) on each contract anniversary during the first 12 contract years (called the income credit period ). The Income Base is the amount on which guaranteed withdrawals and the feature s fee are based. The full 6% income credit is available in years withdrawals are not taken. A partial income credit is available during the first 12 contract years provided withdrawals are less than 6%, do not exceed the maximum annual withdrawal amount, and contract value remains. An Income Base that can double after 12 years. On the 12th contract anniversary, if you have not taken any withdrawals during the first 12 contract years, your Income Base is guaranteed to be at least 200% of your purchase payments received in the first contract year. This is referred to as the Minimum Income Base. Income that can continue to rise with the market. After the first 12 contract years, income credits are no longer available. However, your income will continue to have the opportunity to increase from investment gains on contract anniversaries, provided contract value remains. Please see the prospectus for complete details. Depending on investment performance and your income needs, you may not need to rely on this optional insurance feature, which is available at contract issue for an additional initial fee rate of 1.10% of the Income Base (Single Life) or 1.35% (Joint Life). The fee rate is guaranteed for one year. After that time, it will be adjusted quarterly and may decrease or increase based on a predetermined, non-discretionary formula. The minimum issue age for this feature is 45 and the maximum issue age is 80. Please see the prospectus for details regarding minimum and maximum fees, age restrictions and other limitations. 7

14 Polaris Income Plus While you re accumulating money for retirement Polaris Income Plus is designed to offer you the potential for more retirement income by locking into your Income Base the greater of an annual income credit or investment gains during the first 12 contract years. ACCUMULATION A 6% income credit for up to 12 years A full 6% income credit is available on each contract anniversary during the first 12 contract years, in years that withdrawals are not taken. This ensures a rising Income Base for future income no matter how the market performs. Income Base Locks in an annual 6% income credit Contract Value Age Income credit Assumed age at contract issue: 60 Important information about the hypothetical illustrations shown Hypothetical illustrations are not to scale and are intended solely to depict how Polaris Income Plus can work. The Accumulation Phase examples assume no withdrawals are taken during the period illustrated. Annual market returns illustrated are hypothetical. Hypothetical contract value assumes an initial purchase payment at contract issue and no additional purchase payments. Illustrations do not reflect the actual performance of any particular investment. For more information about Polaris Variable Annuity performance, please ask your financial advisor. 8 Terms used in this section Income Base: The amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not a liquidation value nor is it available as a lump sum. The Income Base is initially equal to the first purchase payment. Purchase payments received in the first contract year only will be included in the Income Base. We will not accept purchase payments on or after the first contract anniversary if an income protection feature is elected. On each contract anniversary, the Income Base is set to equal the greater of (a) the highest anniversary value, or (b) the Income Base plus the income credit amount (if eligible) during the income credit period. The Income Base is automatically evaluated on contract anniversaries while the contract value is greater than zero and the feature is still in effect, provided you have not reached the Latest Annuity Date (95th birthday). On the 12th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of purchase payments received in the first contract year) if no withdrawals have been taken from the contract. The Income Base will be increased each time a purchase payment is made during the first contract year. The Income Base will be adjusted for excess withdrawals. Income Credit: The amount that may be added to your Income Base, calculated as a percentage of your Income Credit Base.

15 Polaris INCOME PLUS ACCUMULATION An Income Base that automatically increases On each contract anniversary during the first 12 contract years, the Income Base increases from the greater of investment gains or a 6% income credit. When the Income Base increases from investment gains, the Income Credit Base is also increased to this amount, which in turn increases the amount of the 6% income credit available in future years. Income Base Income credit Locks in greater of investment gains or a 6% income credit Age Assumed age at contract issue: 60 Investment gains Contract Value ACCUMULATION An Income Base that can DOUBLE after 12 years On the 12th contract anniversary, if you have not taken any withdrawals during the first 12 contract years, your Income Base is guaranteed to be at least 200% of your purchase payments received in the first contract year regardless of market performance. This is referred to as the Minimum Income Base. Income Base doubles on 12th contract anniversary Income Base Contract Value Age Assumed age at contract issue: 53 Income credit Income Credit Base: A component of the feature that is used to calculate the income credit. Initially, the Income Credit Base is equal to the first purchase payment. If the Income Base steps up to your highest anniversary value on a contract anniversary, your Income Credit Base will also step up to this amount. Please note that the Income Credit Base is not increased if your Income Base steps up due to the addition of the income credit. The Income Credit Base will be increased each time a purchase payment is made during the first contract year. The Income Credit Base will be adjusted for excess withdrawals. Income Credit Period: The period of time over which an income credit may be added to the Income Base. It begins on the contract issue date and ends 12 years later. Note: If you use this contract to fund a retirement plan or account and plan on taking Required Minimum Distributions (RMDs) during the first 12 contract years, you will not be eligible for the Minimum Income Base if any withdrawals are taken prior to the 12th contract anniversary. 9

16 Polaris Income Plus When you re ready to take income Once you begin taking withdrawals for retirement income, Polaris Income Plus offers you valuable protection from market declines, along with the opportunity for growth. INCOME An Income Base protected from market volatility Your withdrawals are calculated as a percentage of the Income Base, an amount that is protected for life for income no matter how the market performs. Keep in mind, the Income Base is not the same as your contract value. The Income Base is not a liquidation value, nor is it available as a lump sum. Downside protection at all times Income Base Contract Value Age Assumed age at contract issue: 65 To realize the benefits of Income Plus, you will need to take withdrawals within the parameters of the feature and income option elected. Withdrawals that exceed the feature s parameters are known as excess withdrawals. There is no assurance that withdrawal amounts will keep up with inflation. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. Withdrawals may be subject to withdrawal charges if they exceed certain parameters. 10 Additional terms used in this section and important information Excess Withdrawal: Any withdrawal, or portion of a withdrawal, that exceeds the maximum annual withdrawal amount, which then reduces the Income Base and Income Credit Base proportionately. Please see Withdrawals on page 13 for more information. Anniversary Value: The contract value on your contract anniversary (including any spousal continuation contributions). Highest Anniversary Value: The current anniversary value that is greater than: 1) all previous anniversary values, and 2) purchase payments received prior to the first contract anniversary. The opportunity for rising income (including guaranteed rising income during the first 12 contract years) ends if the contract value is completely depleted.

17 Polaris INCOME PLUS INCOME Opportunity to lock in investment gains for rising income If the Income Base steps up from investment gains on a contract anniversary in a rising market, so does your income. Guaranteed lifetime income increases whenever the Income Base steps up Income Base Contract Value Age Investment gains Assumed age at contract issue: 65 INCOME Guaranteed rising income Regardless of which Income Plus income option you choose, if you take withdrawals of less than 6% of the Income Base within the feature s parameters during the first 12 contract years, you can receive a partial income credit for guaranteed rising income even if the market is flat or down. (In a rising market, Income Plus locks in the greater of investment gains or the available income credit on your contract anniversary.) During the first 12 contract years, the available 6% income credit is simply reduced by the percentage of the Income Base withdrawn. For example, if you withdraw 5% in a given year, the available income credit on the next contract anniversary will be 1% (6% - 5%). 6% - 5% = 1% Locks in a partial income credit when withdrawals of less than 6% and within the feature s parameters are taken Income Base Contract Value Age Assumed age at contract issue: 65 Income credit Required Minimum Distributions (RMDs): If your variable annuity is funding a retirement plan or account, such as an IRA, and you take a withdrawal to meet your contract s RMD, you will still be eligible for a partial income credit provided the RMD is less than 6% of the Income Base. If your contract s RMD exceeds the feature s maximums, your Income Credit Base and Income Base will not be reduced, provided RMDs are set up on the company s systematic withdrawal program. Please see page 13 for additional information, including important information concerning withdrawals. 11

18 Polaris Income Plus A choice of income options Polaris Income Plus offers you a choice of income options so you can secure an income stream that s right for you. At the time of purchase, you can choose Income Option 1, 2 or 3. Withdrawals beginning at age 65 or later Income Options Income Option 1 Income Option 2 Income Option 3 Maximum Annual Withdrawal Amount (as a percentage of your Income Base) 6% (5.5% Joint Life) 7% (6.5% Joint Life) 5% for life (4.5% for life Joint Life) Protected Income Payment (as a percentage of your Income Base) 4% 3% 5% for life (4.5% for life Joint Life) Withdrawals beginning before age 65 Income Options Income Option 1 Income Option 2 Income Option 3 Maximum Annual Withdrawal Amount (as a percentage of your Income Base) 5.5% (5% Joint Life) 5.5% (5% Joint Life) 4% for life (3.5% for life Joint Life) Protected Income Payment (as a percentage of your Income Base) 3% * 3% * 4% for life (3.5% for life Joint Life) * If withdrawals begin before age 65 and your Income Base increases due to investment gains on a contract anniversary on or after your 65th birthday, the protected income payment will automatically increase to 4% of your Income Base. The protected income payment will be paid in the event the contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s parameters. 12 Additional terms used in this section and important information Age at time of first withdrawal: When determining the maximum annual withdrawal amount percentage, as well as the feature s protected income payment percentage, the age at the time of first withdrawal is based on the age of the older individual if the contract is jointly owned for the Single Life option; age of younger individual for the Joint Life option. This age criteria is also used when evaluating eligibility for an increase to the protected income payment percentage, if applicable.

19 Polaris VARIABLE ANNUITY Additional information about Polaris Income Plus and Polaris Income Builder Withdrawals Annual withdrawals of up to the maximum annual withdrawal amount (MAWA) do not reduce the Income Base and the Income Credit Base (if applicable). If you take a withdrawal that exceeds the MAWA (known as an excess withdrawal ), your Income Base and Income Credit Base will be reduced proportionately by the amount in excess of the MAWA. In addition, with Income Plus, an income credit will not be available on the next contract anniversary. (Note: with Income Builder, an income credit is not available in years any withdrawals are taken.) Excess withdrawals that reduce the Income Base and the Income Credit Base also reduce the MAWA that can be withdrawn under the feature. If an excess withdrawal reduces the contract value to zero, the feature will terminate and you will no longer be eligible to take withdrawals or receive lifetime income payments. The amount available for withdrawals may change over time. It may increase on contract anniversaries if the Income Base increases, or decrease if you take an excess withdrawal that reduces your Income Base. If you select Income Plus Income Option 1 or 2 and your contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s MAWA, you will receive the protected income payment as indicated on page 12. As a result, the amount available for lifetime income will decrease. If you select Income Plus Income Option 3 or Income Builder and your contract value is completely depleted due to market volatility and/or withdrawals taken within the feature s MAWA, the annual amount of lifetime income will not change; annual income paid to you after this point is simply referred to as the protected income payment. If you have elected an income protection feature, withdrawals up to the MAWA are free of withdrawal charges. Withdrawals that exceed the MAWA may be subject to a withdrawal charge. Please see the enclosed product summary brochure for the withdrawal charge schedule associated with the variable annuity you may be considering. Partial withdrawals reduce other benefits available under the contract, such as the death benefit, as well as the amount available upon surrender. If you elect Income Plus and take withdrawals during the first 12 contract years that reduce or eliminate the available income credit, future income may be lower than if a partial or full income credit was added to your Income Base. If you elect Income Builder and take withdrawals during the first 12 contract years, future income may be lower than if you had waited to take withdrawals and an income credit was added to your Income Base. Retirement Plans and Accounts If you use this contract to fund a retirement plan or account and you plan on taking Required Minimum Distributions (RMDs), please see the prospectus for more information and consult with a tax advisor concerning your particular circumstances. Keep in mind, an investment in a variable annuity within a retirement plan or account provides no additional tax-deferred benefit beyond that provided by the plan or account. These features may not be appropriate for use with contributory IRAs (IRA, Roth and SEP) or retirement plans and accounts (401 and 457) if you plan to make ongoing contributions. Purchase payments received in the first contract year only are included in the Income Base. We will not accept purchase payments on or after the first contract anniversary if an income protection feature is elected. Latest Annuity Date If the contract value and the Income Base are greater than zero on the Latest Annuity Date (95th birthday), you will need to select one of these annuity options: 1) Annuitize the contract value under the contract s annuity provisions. 2) Annuitize the contract and receive payments equal to the MAWA at the Latest Annuity Date for a fixed period. The duration of the fixed period will be determined by dividing the contract value at the Latest Annuity Date by the current MAWA. As long as the covered person(s) is living, this amount will continue for the specified period after which time the protected income payment amount will be paid until the death(s) of the covered person(s). 3) Elect any payment option that is mutually agreeable between you and the issuing insurance company. Please see a prospectus for details. Cancellation These features may be cancelled on the 5th contract anniversary or any contract quarter anniversary after that. Amounts allocated to the Secure Value Account (SVA) will be automatically transferred to the 1-year fixed account, if available. If the 1-year fixed account is not available, the amounts will be transferred to the Ultra Short Bond Portfolio. Once the cancellation becomes effective, the associated fee will no longer be charged going forward. These features cannot be re-elected following cancellation. Other Considerations When the Income Base is increased, it may have the effect of increasing the dollar amount of the fee. When the Income Base is decreased due to excess withdrawals, it may have the effect of reducing the dollar amount of the fee. Joint Life option: In the event of a death, spousal continuation of the contract must be elected to provide guaranteed income for the lifetime of the remaining spouse. The fee for the Joint Life option will continue to be charged. The Joint Life option will automatically be cancelled if a death benefit is paid and the contract is not continued by the spouse, or if the surviving original spouse dies. The Single Life option will automatically be cancelled if a death benefit is paid or if the covered person dies. Please see the prospectus for additional information about what happens in the event of divorce or other changes affecting the contract owners or beneficiaries. If you decide not to take withdrawals under one of these features, or you surrender the contract, you will not receive the benefit of the feature. You may pay for the added assurance of one of these features and not need to use it. Fees are non-refundable. These features may be automatically terminated under certain circumstances, such as when the contract is annuitized or surrendered. Other circumstances may also apply. Please see the prospectus for complete details, including limitations, restrictions and state variations. 13

20 Polaris Income Builder Predictable lifetime income with Polaris Income Builder If you are 65 or older at the time of purchase, Polaris Income Builder offers guaranteed lifetime income, along with the opportunity to grow future income if you wait to take withdrawals. A guaranteed annual 6% increase for up to 12 years. Income Builder locks in the greater of your investment gains or an annual 6% income credit on each contract anniversary during the first 12 contract years (called the income credit period ) for future income. The 6% income credit is available in years that withdrawals are not taken. The income credit is calculated as a percentage of the Income Credit Base. There is no partial income credit available with Polaris Income Builder. Income that can continue to rise with the market. After the first 12 contract years, your income will continue to have the opportunity to increase from investment gains on contract anniversaries, provided contract value remains. An Income Base that can double after 12 years. On the 12th contract anniversary, if you have not taken any withdrawals during the first 12 contract years, your Income Base is guaranteed to be at least 200% of your purchase payments received in the first contract year. This is referred to as the Minimum Income Base. If you elect this feature, the investment requirements described on page 17 will apply. To realize the feature s benefits, withdrawals must be taken within the feature s parameters. Withdrawals that exceed the feature s parameters are known as excess withdrawals. There is no assurance that withdrawal amounts will keep up with inflation. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. Withdrawals may be subject to withdrawal charges if they exceed certain parameters. Are you retired or nearing retirement? The optional Polaris Income Builder feature is available to clients who are age 65 or older. Your financial advisor can help you choose the income protection feature that s right for you. 14

21 Polaris INCOME BUILDER Access up to 5.4% withdrawals when you re ready for income Age at time of first withdrawal Maximum Annual Withdrawal Amount (MAWA) (as a percentage of your Income Base) Single Life (one covered person) Joint Life (two covered people) 65 or later 5.4% for life 4.9% for life Once withdrawals begin, your percentage rate will not change. Depending on investment performance and your income needs, you may not need to rely on this optional insurance feature, which is available at contract issue for an additional initial fee rate of 1.10% of the Income Base (Single Life) or 1.35% (Joint Life). The fee rate is guaranteed for one year. After that time, it will be adjusted quarterly and may decrease or increase based on a predetermined, non-discretionary formula. The minimum issue age for this feature is 65 and the maximum issue age is 80. Please see the prospectus for details regarding minimum and maximum fees, age restrictions and other limitations. Contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company. Please see page 13 for additional information, including important information concerning withdrawals. Terms used in this section Income Base: The amount on which guaranteed withdrawals and the annual fee for the feature are based. It is not a liquidation value nor is it available as a lump sum. The Income Base is initially equal to the first purchase payment. Purchase payments received in the first contract year only will be included in the Income Base. We will not accept purchase payments on or after the first contract anniversary if an income protection feature is elected. On each contract anniversary, the Income Base is set to equal the greater of (a) the highest anniversary value, or (b) the Income Base plus the income credit amount (if eligible) during the income credit period. The Income Base is automatically evaluated on contract anniversaries while the contract value is greater than zero and the feature is still in effect, provided you have not reached the Latest Annuity Date (95th birthday). On the 12th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of purchase payments received in the first contract year) if no withdrawals have been taken from the contract. The Income Base will be increased each time a purchase payment is made during the first contract year. The Income Base will be adjusted for excess withdrawals. Income Credit: The amount that may be added to your Income Base, calculated as a percentage of your Income Credit Base. With Income Builder, the income credit is only available in years that you do not take withdrawals. Partial income credits are not available. Income Credit Base: A component of the feature that is used to calculate the income credit. Initially, the Income Credit Base is equal to the first purchase payment. If the Income Base steps up to your highest anniversary value on a contract anniversary, your Income Credit Base will also step up to this amount. Please note that the Income Credit Base is not increased if your Income Base steps up due to the addition of the income credit. The Income Credit Base will be increased each time a purchase payment is made during the first contract year. The Income Credit Base will be adjusted for excess withdrawals. Income Credit Period: The period of time over which an income credit may be added to the Income Base. It begins on the contract issue date and ends 12 years later. Excess Withdrawal: Any withdrawal, or a portion of a withdrawal, that exceeds the maximum annual withdrawal amount, which then reduces the Income Base and Income Credit Base proportionately. Please see Withdrawals on page 13 for more information. Anniversary Value: The contract value on your contract anniversary (including any spousal continuation contributions). Highest Anniversary Value: The current anniversary value that is greater than: 1) all previous anniversary values, and 2) purchase payments received prior to the first contract anniversary. Required Minimum Distributions (RMDs): If your variable annuity is funding a retirement plan or account, such as an IRA, and you take a withdrawal that exceeds the Maximum Annual Withdrawal Amount to meet your contract s RMD, your Income Credit Base and Income Base will not be reduced provided RMDs are set up on the company s systematic withdrawal program. Keep in mind, if you plan on taking RMDs during the first 12 contract years, you will not be eligible for the annual 6% income credit in years withdrawals are taken. In addition, you will not be eligible for the Minimum Income Base if any withdrawals are taken prior to the 12th contract anniversary. 15

22 Investment Options Volatility Control Portfolios offer growth potential plus risk management Investing in the market can be bumpy. Volatility Control Portfolios can help provide a smoother ride. Portfolios that employ a volatility control approach seek to manage volatility within the portfolio, reduce the incidence of extreme outcomes (including the probability of large losses or gains), and preserve long-term return potential. As a result, a volatility control approach may provide more consistent performance with less risk from market downturns. However, the risk management strategies used by these portfolios could limit the upside participation in strong, increasing markets as compared to a portfolio without such a strategy. Volatility Control Portfolios offer you the benefits of professional money management for long-term growth potential, the opportunity for diversification, and risk management. Volatility Control Portfolios SunAmerica Dynamic Allocation Portfolio SunAmerica Dynamic Strategy Portfolio SA BlackRock VCP Global Multi Asset Portfolio SA Schroders VCP Global Allocation Portfolio SA T. Rowe Price VCP Balanced Portfolio VCP Managed Asset Allocation SAST Portfolio VCP Total Return Balanced Portfolio VCP Value Portfolio Volatility is a statistical measure of the frequency and level of changes in the Portfolio s returns over time without regard to the direction of those changes. Volatility is not a measure of investment performance. It is possible for a Portfolio to maintain its volatility at or under its target volatility level while having negative performance returns. There is no assurance that a Portfolio s investment goal will be met or that investment decisions made in seeking to manage a Portfolio s volatility will achieve the desired results. While diversification and asset allocation are both proven investment strategies, they cannot guarantee greater or more consistent returns over time and they cannot protect against loss. 16 Please see page 22 for important risks and additional information.

23 Polaris INVESTMENT REQUIREMENTS Multiple Ways to Invest If you elect an optional income protection feature, there are multiple ways you can invest your money to meet the associated investment requirements. 10% of your initial and additional investments will automatically be allocated to the Secure Value Account. The Secure Value Account is a fixed account with a one-year term. 90% of your investment can be invested in one of the following ways. 1. Choose a Check the Box Option SunAmerica Dynamic Strategy Portfolio SA BlackRock VCP Global Multi Asset Portfolio VCP Managed Asset Allocation SAST Portfolio 30% 30% 30% SA T. Rowe Price VCP Balanced Portfolio VCP Total Return Balanced Portfolio SA Schroders VCP Global Allocation Portfolio 30% 30% 30% SunAmerica Dynamic Allocation Portfolio SA Schroders VCP Global Allocation Portfolio VCP Value Portfolio 30% 30% 30% SunAmerica Dynamic Allocation Portfolio SA BlackRock VCP Global Multi Asset Portfolio VCP Total Return Balanced Portfolio SA T. Rowe Price VCP Balanced Portfolio 30% 20% 20% 20% 2. Or Build a Customized Allocation You may choose among these options to meet the 90% total allocation: SA BlackRock VCP Global Multi Asset Portfolio SA Schroders VCP Global Allocation Portfolio SA T. Rowe Price VCP Balanced Portfolio VCP Managed Asset Allocation SAST Portfolio (Capital Research and Management Company) VCP Total Return Balanced Portfolio (PIMCO) VCP Value Portfolio (Invesco Advisers, Inc.) The allocation to the options above may not exceed 50% per individual portfolio. SunAmerica Dynamic Allocation Portfolio SunAmerica Dynamic Strategy Portfolio Bond Portfolios: Corporate Bond (Federated Investment Management Company); Global Bond (Goldman Sachs Asset Management International); Government and Quality Bond (Wellington Management Company LLP); Real Return (Wellington Management Company LLP); SA JP Morgan MFS Core Bond (Multi-managed); Ultra Short Bond Portfolio (Dimensional Fund Advisors LP) Goldman Sachs VIT Government Money Market Fund You may use a Dollar Cost Averaging (DCA) fixed account to systematically invest in the investment choices available. Your target DCA instructions must follow the investment requirements described. If you elect the optional income protection feature, participation in quarterly automatic asset rebalancing is also required. Amounts allocated to the Secure Value Account will not be rebalanced and are not available for transfer as long as the feature is in effect. Keep in mind, because rebalancing resets the allocation among variable portfolios, it may have a positive or negative impact on performance. The investment requirements may reduce the need to rely on an income protection guarantee because they allocate your investment across asset classes and potentially limit exposure to market volatility. Of course, if you decide not to elect optional income protection, you may invest in any of the investment options offered in Polaris. Please see the Polaris investments brochure to learn more. 17