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Profile® Direct Retirement Program

A Retirement Savings Program with No-Load Mutual Funds

We're in the midst of a trend — that is, people taking on more responsibility and actively managing their money invested for retirement. As these people become more knowledgeable and involved in their finances, they identify certain advantages that mutual funds offer. They like the lower costs associated with no-load mutual funds as they choose investment options for their retirement plan. And our financial strength and long-term stability helps allow our clients to rest easy and enjoy the best years of their lives.

That’s why VALIC developed Profile Direct, which offers no-load mutual funds managed by highly respected fund managers and a fixed-rate annuity.*

* Policy Form IFA-406 or GFA-504, individual fixed annuities issued by The Variable Annuity Life Insurance Company, Houston, Texas.

Mutual Funds Back To Top
  • Array of no-load mutual funds that span all major asset categories and classes
  • Highly respected and experienced investment managers
  • Allows you to create a suitable investment portfolio that helps you achieve your financial objectives for retirement
  • Investment values will fluctuate, and there is no assurance that the objective of any fund will be achieved
  • Mutual fund shares are redeemable at the then current net asset value, which can be more or less than their original cost
  • For quarterly historical performance results click here. .
 
Fixed-Rate Option Back To Top

• Competitive current interest rate

• Can help stabilize a mutual-fund investment portfolio

• Fixed annuity with guaranteed earnings and safety of principal, backed by the claims-paying ability of The Variable Annuity Life Insurance Company

Buyer's Guide

The Buyer's Guide is required by many states for clients who purchase Fixed Annuity IRA and Non-Qualified Plans. It provides a general overview of deferred Fixed Annuity products.

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

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, UT, and VT.

Kentucky Buyer's Guide

South Carolina 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, TX, VA, WA, WV, and WY.

Investment Choice Back To Top

You can invest in the funds that best suit your time horizon, risk tolerance and investment preferences. Bear in mind that mutual funds are intended to be long-term investments, and that income taxes must be paid at withdrawal when used to fund a tax-deferred retirement plan.

How we select funds

•  Suitable for retirement portfolio diversification

•  Investments representing major asset classes and fund objectives

•  Easy to use in asset allocation strategies

•  Managed by well-known investment companies

•  Advisers and subadvisers with strong track records

•  Competitive investment fees and charges

•  Appeal to long-term investors, including independent traders, active investors and passive savers

Charges Back To Top

Fees and charges

•  Mutual funds have no Separate Account charges or contingent deferred sales charges
•  Annual custodial fee up to $40 depending on your custodial document
•  Mutual fund management fees (See prospectus for more information)
•  Free annual in-service withdrawals or transfers are limited to 20% of the amount allocated to the fixed option. Fees or additional limitations may apply depending on the contract unless certain conditions are met.

No surrender charge for fixed annuity option

There is no surrender charge for Policy Form IFA-406 when any of these events apply:

•  You annuitize your account
•  Your death
•  Your total and permanent disability
•  You make withdrawals to comply with required minimum distributions
•  You separate from service from the employer sponsoring the plan
•  You are at least 59½ and the contract has been in effect for five years or more

There is no surrender charge for Policy Form GFA-504 when any of these events apply:

•  You annuitize your account
•  Your death
•  Your total and permanent disability
•  You make withdrawals to comply with required minimum distributions
•  You separate from service from the employer sponsoring the plan

Guarantees on the fixed annuity option

• The fixed rate is declared monthly. The Variable Annuity Life Insurance Company guarantees the rate on all deposits received that month through the end of the calendar year. The Variable Annuity Life Insurance Company intends (but does not guarantee) to pay this rate on those deposits for an additional year.

• In the event of the owner’s death, the death benefit is equal to the account value of both the mutual funds and fixed annuity at the time all the paperwork is received "in good order."

• All guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company.

To obtain prospectuses for the mutual funds in this plan, click here or call 1-800-448-2542. Each fund prospectus contains the investment objectives, risks, charges, expenses and other informtion about the investment company that you should consider carefully before investing. Please read the prospectus carefully before investing or sending money.