Speak with a Registered Agent: 1-866-223-2121

Speak with a Registered Agent: 1-866-223-2121

Security, Flexibility and Guaranteed Income With AIG’s New Fixed Annuity


photo_38959_20150625In an effort to attract investors who are looking for low risk, long-term retirement income solutions, American International Group, Inc. (AIG) recently announced the launch of Assured Edge Income Builder. According to a recent article from InsuranceNewsNet, the new fixed annuity product is issued by American General Life Insurance Company (AGL) and offers clients guaranteed lifetime income.

“Assured Edge Income Builder allows investors to maintain access to their retirement assets and have guaranteed income for life, stability in their asset value, plus a rising income opportunity – a highly valued combination for retirees,” said Bryan Pinsky, senior vice president, individual retirement products at AIG.  “By allowing investors to predict retirement income and protect their principal from market risk, we are able to provide a product that offers both security and flexibility.”

Assured Edge Income Builder offers the following features:

  • Lifetime Income: At contract issue, investors who are 65 years old are guaranteed income up to 5.6% of the contract value. Higher percentages (up to 6.35%) are currently available for older issue ages, and lower withdrawal rates apply to younger issue ages. Income rates are determined based on the age at contract issue. The contract also offers 7.5% income credit growth each year withdrawals are not taken (until lifetime income withdrawals begin).
  • Income Flexibility: Investors can choose to start lifetime income immediately or at a later date. Investors can also start receiving lifetime income as early as age 50. Additionally, certain contract provisions are available that allow investors to access money through “penalty-free withdrawals.”
  • Security: Investors can protect their principal from any market risk with guaranteed interest rates.

Michael Treske, EVO and Chief Distribution Officer, Annuities and Mutual Funds at AIG said that the company worked closely with distribution partners to ensure the new product delivered what investors are currently looking for. “Time and time again, we were told investors want security, flexibility, access to money and guarantees. Assured Edge Income Builder delivers on all of these requests – for life.”

Written by Rachel Summit

Follow Rachel, aka Finance Mama, on Twitter and Google+

For more information about the product mentioned in this article contact us here:

Newest Blog Posts

Information Request Form

If you have questions or would like more information, please complete this form and a licensed professional will be happy to help. For the fastest response, please select 'Phone' as your Contact Preference.

By providing your information and clicking 'Submit' above, you acknowledge that you have read and agree to this site's privacy policy. You also provide your consent to be contacted at the email address or phone number provided above (including any wireless number) by licensed agents or representatives from or on behalf of AFYI Holdings Group, LLC and other companies to provide the information requested and/or offer annuities or financial products. You understand that these calls or SMS messages may be generated using an automated telephone dialing system, a pre-recorded message, or artificial voice. Consent to receive such messages is not a condition to purchase any goods or services. You may opt out at any time by following the instructions in the messages you receive.  Receiving quotes and information through our website is free, and you are under no obligation to purchase any goods or services as a result of this request. You affirm that you are the subscriber of the provided telephone number or that the subscriber authorized you to provide the number. Message and data rates may apply. AFYI Holdings Group, LLC is committed to respecting your privacy and adhering to all applicable laws and regulations, including the Telephone Consumer Protection Act (TCPA).