497 1 SSTExpSSIIOnly072921.txt SUPPLEMENT TO THE VARIABLE ANNUITY PROSPECTUS AND SUMMARY PROSPECTUS DATED MAY 3, 2021 ------------------------------------------------------------------------------- AMERICAN GENERAL LIFE INSURANCE COMPANY VARIABLE ANNUITY ACCOUNT FIVE Seasons Select II Variable Annuity ------------------------------------------------------------------------------- This Supplement updates certain information in the Appendix A - Underlying Funds Available Under the Contract in the most recent Prospectus and the Updating Summary Prospectus (collectively, the "Prospectus"). Effective on or about July 29, 2021, the Current Expenses for below Underlying Funds have been updated as follows. ------------------------------------------------------------------------------- --------------------- ------------------------ ----------------------- Underlying Fund Share Class New Current Expense Name ---------------------- -------------------- --------------------- SA Allocation Balanced Class 3 1.00%* Portfolio ---------------------- -------------------- --------------------- SA Allocation Growth Class 3 1.07%* Portfolio ---------------------- -------------------- --------------------- SA Allocation Moderate Class 3 1.03%* Growth Portfolio ---------------------- -------------------- --------------------- SA Allocation Moderate Class 3 1.02%* Portfolio ---------------------- -------------------- --------------------- SA Columbia Focused Class 2 0.87%* Value Portfolio ---------------------- -------------------- --------------------- SA Columbia Focused Class 3 0.97%* Value Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 0.84% Diversified Fixed Income Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 0.94% Diversified Fixed Income Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.42%* Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.52%* Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.39%* Income Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.49%* Income Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.30%* Income/Equity Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.40%* Income/Equity Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.12%* International Equity Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.22%* International Equity Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 0.88%* Large Cap Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 0.98%* Large Cap Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 0.94% Large Cap Value Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.04% Large Cap Value Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.09% Mid Cap Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.19% Mid Cap Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.10% Mid Cap Value Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.20% Mid Cap Value Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.25%* Moderate Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.35%* Moderate Growth Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 2 1.10% Small Cap Portfolio ---------------------- -------------------- --------------------- SA Multi-Managed Class 3 1.20% Small Cap Portfolio ---------------------- -------------------- --------------------- SA Putnam Asset Class 2 1.01%* Allocation Diversified Growth Portfolio ---------------------- -------------------- --------------------- SA Putnam Asset Class 3 1.11%* Allocation Diversified Growth Portfolio ---------------------- -------------------- --------------------- SA T. Rowe Price Class 2 1.02% Growth Stock Portfolio ---------------------- -------------------- --------------------- SA T. Rowe Price Class 3 1.12% Growth Stock Portfolio ---------------------- -------------------- --------------------- SA Wellington Real Class 3 0.84%* Return Portfolio ------------------------------------------------------------------------------- * This Underlying Fund is subject to an expense reimbursement or fee waiver arrangement resulting in a temporary expense reduction. For additional information, see the Underlying Fund prospectus available online at www.aig.com/ProductProspectuses or by calling (855) 421-2692. Dated: July 29, 2021 Please keep this supplement with your Prospectus.