SUPPLEMENT DATED MAY 1, 2023
TO THE VARIABLE ANNUITY PROSPECTUS DATED MAY 1, 2023
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
VALIC SEPARATE ACCOUNT A
Polaris Platinum Elite Variable Annuity
This Rate Sheet Prospectus Supplement (“Rate Sheet Supplement”) does not apply if you do not elect a living benefit feature. All previous rates are included in an appendix to the prospectus and available on www.corebridgefinancial.com/ProductProspectuses.
This Rate Sheet Supplement provides the current initial annual fee rate, Minimum Income Base Percentage or Income Credit Percentage, as applicable, Maximum Annual Withdrawal Percentages and Protected Income Payment Percentages for Polaris Income Max and Polaris Income Plus Daily Flex living benefits effective on or after May 1, 2023. This Rate Sheet Supplement must be used in conjunction with the prospectus dated May 1, 2023. If you need a copy of the current Rate Sheet Supplement or prospectus, please call our Annuity Service Center at (800) 445-7862 or visit our website at www.corebridgefinancial.com/ProductProspectuses. All Rate Sheet Supplements are filed with the Securities and Exchange Commission and are available on the EDGAR system at www.sec.gov, file number 333-201800.
The rates and percentages listed below apply to applications signed on or after May 1, 2023. In order to get these terms, your application must be signed and in good order while this Rate Sheet Supplement is in effect. If you sign your application after this Rate Sheet Supplement is no longer in effect, you will receive the terms that are in effect on the date that your application is signed in good order. After your contract is issued, the percentages and terms listed below are guaranteed not to change for the life of your contract. Please note that your annual fee rate can change after the first Benefit Year subject to the minimum and maximum in effect at the time of contract issue, as described in the prospectus.
The percentages listed in this Rate Sheet Prospectus Supplement can be superseded at any time. At least 10 days before we change the current terms for the next effective period, the new terms and effective period will be filed in a new Rate Sheet Supplement on EDGAR at www.sec.gov, file number 333-201800.
POLARIS INCOME MAX
Initial Annual Fee Rate
Calculated as percentage of the Income Base (as defined in the Optional Living Benefit section in the prospectus) and deducted from the contract value. The initial annual fee rate is guaranteed not to change for the first Benefit Year. Subsequently, the fee rate may change subject to the parameters and maximum rate as described in the prospectus.
| Initial Fee | ||
|
One Covered Person |
1.45% | |
|
Two Covered Persons |
1.45% |
Income Credit Percentage
The Income Credit Percentage is 7.00% (as a percentage of the Income Credit Base).
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Maximum Annual Withdrawal Percentage and Protected Income Payment Percentage Table
The first percentage represents the Maximum Annual Withdrawal Percentage (as defined in the Optional Living Benefits section in the prospectus) and the second percentage represents the Protected Income Payment Percentage (as defined in the Optional Living Benefits section in the prospectus) for each of the options shown:
| Polaris Income Max Income Option 1 |
Polaris Income Max Income Option 2 |
Polaris Income Max Income Option 3 | ||||||||||
| Number of Covered Persons and Age of Covered Person(s) on the Activation Date(1)
|
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage | ||||||
| One Covered Person (Age 50 - 59) |
4.25% | 3.25%(2) | 4.25% | 3.25%(2) | 3.50% | 3.50% | ||||||
| One Covered Person (Age 60 - 64) |
5.25% | 3.25%(2) | 5.25% | 3.25%(2) | 4.20% | 4.20% | ||||||
| One Covered Person (Age 65 - 74) |
7.00% | 4.25% | 8.00% | 3.25% | 5.60% | 5.60% | ||||||
| One Covered Person (Age 75 and Older) |
7.50% | 4.25% | 8.50% | 3.25% | 5.90% | 5.90% | ||||||
| Two Covered Persons (Age 50 - 59) |
4.00% | 3.00%(3) | 4.00% | 3.00%(3) | 3.10% | 3.10% | ||||||
| Two Covered Persons (Age 60 - 64) |
5.00% | 3.00%(3) | 5.00% | 3.00%(3) | 3.80% | 3.80% | ||||||
| Two Covered Persons (Age 65 - 74) |
6.75% | 4.00% | 7.75% | 3.00% | 5.20% | 5.20% | ||||||
| Two Covered Persons (Age 75 and Older) |
7.25% | 4.00% | 8.25% | 3.00% | 5.50% | 5.50% | ||||||
| (1) | If there are Two Covered Persons, the age on the Activation Date is based on the age of the younger of the Two Covered Persons. |
| (2) | If One Covered Person is elected, and income is activated prior to the Covered Person’s 65th birthday, the Protected Income Payment Percentage is 4.25% if the Income Base is increased to a new Higher Anniversary Value on or after the Covered Person’s 65th birthday. |
| (3) | If Two Covered Persons are elected, and income is activated prior to the younger Covered Person’s 65th birthday, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a new Higher Anniversary Value on or after the younger Covered Person’s 65th birthday. |
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POLARIS INCOME PLUS DAILY FLEX
Initial Annual Fee Rate
Calculated as percentage of the Income Base (as defined in the Optional Living Benefit section in the prospectus) and deducted from the contract value. The initial annual fee rate is guaranteed not to change for the first Benefit Year. Subsequently, the fee rate may change subject to the parameters and maximum rate as described in the prospectus.
| Initial Fee | ||
|
One Covered Person |
1.45% | |
|
Two Covered Persons |
1.45% |
Minimum Income Base Percentage
The annual Minimum Income Base Percentage is 6.00%
(as a percentage of each Purchase Payment)
Maximum Annual Withdrawal Percentage and Protected Income Payment Percentage Table
The first percentage represents the Maximum Annual Withdrawal Percentage (as defined in the Optional Living Benefits section in the prospectus) and the second percentage represents the Protected Income Payment Percentage (as defined in the Optional Living Benefits section in the prospectus) for each of the options shown:
| Polaris Income Plus Daily Flex Income Option 1 |
Polaris Income Plus Daily Flex |
Polaris Income Plus Daily Flex | ||||||||||
| Number of Covered Persons and
Age of
|
Maximum Withdrawal |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage |
Maximum Annual Withdrawal Percentage |
Protected Income Payment Percentage | ||||||
| One Covered Person (Age 45 - 59) |
4.00% | 3.00%(2) | 4.00% | 3.00%(2) | 3.30% | 3.30% | ||||||
| One Covered Person (Age 60 - 64) |
5.00% | 3.00%(2) | 5.00% | 3.00%(2) | 4.00% | 4.00% | ||||||
| One Covered Person (Age 65 - 74) |
6.75% | 4.25% | 7.75% | 3.25% | 5.40% | 5.40% | ||||||
| One Covered Person (Age 75 and Older) |
7.25% | 4.25% | 8.25% | 3.25% | 5.70% | 5.70% | ||||||
| Two Covered Persons (Age 45 - 59) |
3.75% | 2.75%(3) | 3.75% | 2.75%(3) | 2.90% | 2.90% | ||||||
| Two Covered Persons (Age 60 - 64) |
4.75% | 2.75%(3) | 4.75% | 2.75%(3) | 3.60% | 3.60% | ||||||
| Two Covered Persons (Age 65 - 74) |
6.50% | 4.00% | 7.50% | 3.00% | 5.00% | 5.00% | ||||||
| Two Covered Persons (Age 75 and Older) |
7.00% | 4.00% | 8.00% | 3.00% | 5.30% | 5.30% | ||||||
| (1) | If there are Two Covered Persons, the age on the Activation Date is based on the age of the younger of the Two Covered Persons. |
| (2) | If One Covered Person is elected, and income is activated prior to the Covered Person’s 65th birthday, the Protected Income Payment Percentage is 4.25% if the Income Base is increased to a Step-Up Value on or after the Covered Person’s 65th birthday. |
| (3) | If Two Covered Persons are elected, and income is activated prior to the younger Covered Person’s 65th birthday, the Protected Income Payment Percentage is 4.00% if the Income Base is increased to a Step-Up Value on or after the younger Covered Person’s 65th birthday. |
Please keep this Supplement with your prospectus
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