Premiere 7^SM

Feel safe and secure. After accumulating a nestegg for retirement, you don’t want to put your money in a risky investment. Fixed annuities are considered safe because they’re backed by the financial strength of the issuing insurance company. VALIC is required by law to set aside a portion of its assets or reserves to cover claims.

Postpone taxes on interest earnings. Tax deferred means postponing taxes on interest earnings until the future. In the meantime, you earn interest on the money you're not paying in taxes. This means you can accumulate more money over a shorter period of time, ultimately providing you with more income. Taxes are due upon withdrawal and prior to age 59½ a 10% tax penalty may apply.

Withdraw earnings free from contract penalties. After 30 days from the contract date, you can make withdrawals of your accumulated interest earnings without incurring penalties under the contract. After the first contract year, you may withdraw accumulated interest or up to 10% of the annuity value without contract charges. Until withdrawals are taken, your premiums will continue to grow tax deferred until retirement. A federal tax penalty may apply to withdrawals of taxable amounts prior to age 59½.

A guarantee you can count on. You'll not only receive a minimum guaranteed interest rate for the life of your contract, but also a guaranteed current rate payable on your initial purchase premium for the guarantee period chosen, which may include an interest rate enhancement (initial purchase premiums of $100,000 or more may receive an additional interest rate enhancement).

Withdrawals in excess of permitted amounts are subject to a declining withdrawal charge. Each purchase premium is subject to a seven-year yearly declining withdrawal charge schedule of 9%, 8%, 7%, 6%, 5%, 4% and 2% from the date of receipt. Withdrawals taken prior to age 59½ may be subject to a 10% federal tax penalty.

Interest rates and enhancements subject to change at any time. After the initial interest rate guarantee period expires, a new rate will be declared periodically. All rates are effective annual rates. To achieve this rate annually fund must remain in the annuity (without any withdrawals) each year. Contract provisions may vary from state to state. Refer to the contract for actual governing contractual provisions.

Policy form Flex7-805X, ECR-805E, VR385-05

The Buyer's Guide is required by many states for clients who purchase fixed annuity IRA and nonqualified Plans. It provides a general overview of fixed annuity products.

Buyer's Guide for clients in the following states: AK, AR, FL, GA, OR, RI and WV.

Buyer's Guide for clients in the following states: AL, AZ, CO, HI, IA, ME, MO, MT, NC, ND, NH, NJ, NM, NV, OH, OK, SC, TX, UT, and VT.

Kentucky Buyer's Guide

Wisconsin Buyer's Guide

Note: Buyer's Guides are not required in CA, CT, DE, ID, IL, IN, KS, LA, MD, MA, MI, MN, MS, NE, NY, PA, SD, TN, VA, WA, and WY.