X5 Accelerator Annuity

Issued by American General Life Insurance Company

Earn an immediate bonus to help generate more income in retirement

X5 Accelerator Annuity is designed to help you grow your premium, protect against market downturns, and generate increasing lifetime income. It can help you confidently build a solid retirement foundation with benefits that include:

35% Income Base Bonus1

Immediately increase your Income Base and future lifetime income

Income growth opportunities

Prior to retirement, your future income may grow based in part on positive index performance

Increasing lifetime income

After you begin withdrawals, your lifetime income may continue to grow

Legacy & care

Protect yourself and your loved ones with options for unexpected events

X5 Accelerator Annuity

These features are available for a 1% annual fee and are designed to help you build a solid retirement foundation and may provide an opportunity for increasing income to help keep pace with rising costs. Please ask your financial professional or agent for the Owner Acknowledgment and Disclosure Statement for more details.

Income growth opportunity before retirement

35% Income Base Bonus + 250% of Rider Return2

Your Income Base is initially equal to your premium plus the Income Base Bonus and grows as interest is credited to your contract3 You may activate lifetime income any time on or after the 10th contract anniversary, and your annual income is calculated by multiplying the Income Base by a Maximum Annual Withdrawal Percentage dependent on your age at activation.
The Rider Return2 is a value used along with the 250% or 100% Income Rate Multiplier to calculate any increases to your Income Base. It is the weighted average of each strategy’s percentage of interest that would be credited if that day were the last day of the Strategy Term minus the Rider Fee Percentage multiplied by the number of elapsed years in your Strategy Term. In no event will the value be less than zero. It is not an interest rate credited to your contract.

Potential for increases during retirement

100% of Rider Return

After lifetime income activation, your Income Base can continue to grow by 100% of your Rider Return, which increases your lifetime income payment. This example assumes you have activated lifetime income after 10 Contract Years.
Hypothetical Assumptions: $100,000 premium, single life, issue age 60, and actual historical and back-tested returns for PIMCO Global Elite Markets Index: 10-year X5 Crediting Strategy for the first 10 years, 200% Participation Rate, 0% Spread, -10% Index Term Floor with Crediting Strategy Components held constant for each new Index Term. 1-year Point-to-Point Crediting Strategy for remaining years. The values at the end of each contract year use the hypothetical earned interest for each Crediting Strategy over the most recent 15-year period ending 12/31/2021 repeated. All examples are hypothetical, for illustrative purposes only, and not indicative of actual indices you might choose, index performance, interest earnings, Participation Rates, Spreads, Maximum Annual Withdrawal Amount, or any other components. Past performance is not indicative of future results. X5 Accelerator includes a 1% annual fee. Rates assumed are not guaranteed and are subject to change. For additional examples, ask your Financial Professional. This hypothetical example assumes actual historical and back-tested results for the PIMCO Global Elite Markets Index with a 1-year Point-to-Point Crediting Strategy after lifetime income activation (125% Participation Rate, 1% Annual Rider Fee), which provides the opportunity to increase income every year. Your experience will be different. If you were to elect a 5-year X5 Crediting Strategy after activation, your income would have the opportunity to increase every 5 years. Ask your financial professional or agent for a Rate Sheet, which includes current Maximum Annual Withdrawal Percentages.

Legacy & care

Options for leaving a legacy

X5 Accelerator may offer your beneficiaries a choice of death benefits: the Standard Death Benefit, which is available immediately as a lump sum, or the Income Rider Death Benefit, which becomes available 24 months after the contract has been issued and is paid out monthly ending 5 years from date of death. The Income Rider Death Benefit reflects the addition of the 35% Income Base Bonus and the 250% or 100% Income Rate Multipliers (if applicable), which may provide your beneficiaries with a greater inheritance. Your heirs may determine the option that works best for them. Other Standard Death Benefit distribution options may be available. This hypothetical graph shows the death benefits available if the policy owner were to pass away at age 70, 10 years after purchasing the contract based on the assumptions below. For more details, please see the X5 Accelerator brochure.

Hypothetical Assumptions: X5 Accelerator $100,000 premium, single life, issue age 60, 10-Year X5 PIMCO Crediting Strategy for the first 10 years, 1-Year Point-to-Point Crediting Strategy for remaining years. Daily Benefit Base grows at 250% of the Rider Return with no withdrawals until lifetime income activation and 100% of Rider Return thereafter. 4.85% Maximum Annual Withdrawal Percentage at age 70. Assumes no withdrawals before activation, which will cause the values shown to be lower. Lifetime Income activation is only available on or after the 10th Contract Anniversary. Credited interest is hypothetical; actual results will differ. This is a hypothetical example designed to show how the death benefit could work. It is not an actual result and is created with the benefit of hindsight. Results will vary. Crediting Strategies and their underlying indices are not guaranteed to produce positive results; you may experience years with no credited interest.

Double income during confinement

X5 Accelerator provides a unique benefit to help you in the event that you become confined to a nursing home or other qualified facility. The lifetime income that you would receive could double for up to five years. The accompanying chart shows shows a hypothetical example of the Enhanced Income Amount if the policy owner were to become confined at age 75. Please see the X5 Accelerator brochure for more information.

The Enhanced Income Amount is available if the annuitant is confined to a qualified care facility after activating lifetime income and the eligibility requirements are met. The benefit amount will continue until the earliest of five years, until confinement ends, at the Maturity Date, or until the Contract Anniversary following the date when the Contract Value is reduced to zero at which time the income would return to the Maximum Annual Withdrawal Amount. This benefit is not Long Term Care (LTC) insurance and is not a substitute for such coverage. This is a hypothetical example and not reflective of an actual contract or result.

1X5 Accelerator includes a 1% annual rider fee based on the Daily Benefit Base.  The income bonus is current as of 07/25/22 and subject to change prior to contract issue.

2The Rider Return is a value used to calculate increases to your Income Base and is not an actual rate credited to your contract. It is equal to the rate of interest earned from the Crediting Strategies chosen, minus the Rider Fee Percentage multiplied by the number of elapsed years in your Strategy Term. The Rider Return cannot be less than zero.

3 Your Income Base is not your Contract Value and cannot be withdrawn partially or as a lump sum. If you take withdrawals before activating lifetime income (“before retirement”), your Income Base will be reduced in the same proportion that your withdrawal reduces your Contract Value, which will lower your future income.

This material was prepared to support the marketing of X5 suite of fixed index annuities including X5 Advantage Annuity and X5 AcceleratorSM Annuity. This information is general in nature, may be subject to change and does not constitute legal, tax or accounting advice from any company, its employees, financial professionals or other representatives. Applicable laws and regulations are complex and subject to change. For advice concerning your situation, consult your attorney, financial professional, tax advisor, or accountant.

Tax-qualified plans such as IRAs, 401(k)s or 403(b) plans are tax deferred regardless of whether or not they are funded with an annuity. If you use X5 Advantage to fund a tax-qualified plan, you should know that an annuity does not provide any additional tax-deferred treatment of interest beyond the treatment by the tax-qualified plan itself. You should only use an index annuity in a tax qualified plan if you want to benefit from features other than tax deferral. If you intend to take Required Minimum Distributions (RMDs), please consult with a tax advisor concerning your particular circumstances. X5 Advantage may not be appropriate if you plan to make ongoing contributions.

Indices are not a permanent part of the contract and may be removed due to circumstances beyond the control of American General Life Insurance Company. Such circumstances include, but are not limited to, the discontinuation of an index, a change in the composition or calculation of an index, the inability to license the use of an index and the inability to hedge risks associated with the index. Special rules govern how assets in an index account with a discontinued index may be reallocated. These rules may differ by state. Please see the Owner Acknowledgment and Disclosure Statement for more information.

Genesis Development Group, Inc. has patents and patents pending that may cover elements of the products discussed in this document. This document does not convey any license or other rights in these patents.

Annuities are issued by American General Life Insurance Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019. X5 Advantage Single Premium Deferred Fixed Index Annuity, Contract Number AG-808 (07/19) (AG-808-ID (07/19) for Idaho residents). AGL is a member company of American International Group, Inc. (AIG). 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.

Annexus is an independent product distribution firm that works with Independent Distribution Companies to distribute retirement products. Annexus is not affiliated with AIG or AGL.

I6317WEB (07/22)