Polaris Platinum III

Polaris: The Total Retirement Package®

A Polaris Platinum III Variable Annuity combines growth potential, family protection features and optional retirement income choices to help you address today’s most challenging planning needs—while you’re accumulating assets and when you are ready to draw on those assets for retirement income.

Polaris Platinum III offers the flexibility to design an investment that’s right for you.

n Performance for the growth potential you need Respected money managers and professionally designed asset allocation strategies.

n Protection for the sense of security you want A choice of optional income protection features and an enhanced death benefit option.

n Strength for enduring stability The life insurance companies that issue Polaris Variable Annuities are dedicated to supporting

your needs today, and in the years ahead.

Contract and optional benefit guarantees are backed by the financial strength and claims-paying ability of American General Life Insurance Company (AGL) except in New York, where they are backed by The United States Life Insurance Company in the City of New York (US Life).

Not FDIC or NCUA/NCUSIF Insured

May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency

Polaris Platinum III Costs and other important information Issue ages1

n Base contract with standard death benefit

1.30%2

$50 annual contract administration charge.* Currently waived for contracts of $75,000+. Minimum initial investment: $10,000 (NQ); $4,000 (Q); additional: $500 (NQ and Q); $100 if Automatic Payment Plan is used.3

Up to 85

n Professional money management

Total portfolio operating expenses range from 0.72% to 1.48%4 as of 12/31/14 and 1/31/15, respectively. —

n Dollar cost averaging Choose from two Dollar Cost Averaging (DCA) Fixed Accounts: 6-month or 1-year5 —

n Transfers between variable portfolios

15 free per contract year$25 thereafter.*

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n Automatic asset rebalancing Quarterly, semiannual or annual available. (Quarterly required with income protection features.) —

n Free withdrawals during the withdrawal charge period

Greater of: 10% of purchase payments not yet withdrawn each contract year or, if an income protection option is elected, the maximum annual withdrawal amount.

—

n Withdrawal charges7-year declining withdrawal charge (applies to each payment): 8 – 7 – 6 – 5 – 4– 3 – 2 – 0%. After 7 full years, withdrawal charges no longer apply to a payment.

—

n Systematic withdrawals Minimum withdrawal amount is $100. Available on a monthly, quarterly, semiannual or annual basis. —

n Nursing home waiver Waives withdrawal charges for certain withdrawals.* —

n Annuitization Latest annuity date: 95th birthday. Upon annuitization, the death benefit will no longer apply. Please contact us prior to reaching age 95 to discuss options. —

Income Protection—You may choose one income protection feature

n Polaris Income Plus® Initial: +1.10% Single Life6 * +1.35% Joint Life6 * 45/80 (Min/Max)7

n Polaris Income Builder® Initial: +1.10% Single Life6 * +1.35% Joint Life6 * 65/80 (Min/Max)7

Investment requirements apply. Fee rate for these features is guaranteed for one year. After one year, fee rate will be adjusted quarterly based on a predetermined, non-discretionary formula. Minimum annual fee rate is 0.60%. Maximum annual fee rate for the life of the contract is 2.20% for Single Life; 2.70% for Joint Life.

Enhanced family protection—You may choose the following death benefit

n Maximum Anniversary Value Death Benefit +0.25%2 Up to 80

1 If jointly owned, age is based on older owner unless otherwise indicated. 2 Annualized fee deducted from the average daily ending net asset values allocated to the variable portfolios.3 Additional purchase payments will not be accepted on or after the 86th birthday.4 Deducted from the underlying funds of the applicable trust.5 Dollar cost averaging does not ensure a profit or protect against a loss. You should consider your ability to sustain investments during periods of

market downturns. Any fixed rates paid will be paid on a declining balance.6 Annualized fee calculated as a percentage of the Income Base, deducted from contract value quarterly. The maximum annualized fee rate decrease

or increase is 0.25% each quarter. This means the fee rate can decrease or increase by no more than 0.0625% each quarter (0.25%/4). 7 Single Life: Age is based on older individual if jointly owned. Joint Life: Age is based on younger individual. Please see a prospectus for more detailed

information about age requirements.

Maximum issue age may be lower if certain death benefits and/or income protection features are selected. Please check with your financial advisor for more information.

Customize Your Variable Annuity

* See back cover for state variations. Additional state variations may apply. Features may not be available in all states. Summary information only. Please see the prospectus for details.

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State variations for features described

n In California, the Nursing Home Waiver is not available. n In New York, Oregon, Texas and Washington, the annual contract administration charge and the fee for Income Builder and

Income Plus are deducted from the variable portfolios only. n In New Mexico, the annual contract administration charge is $30. n In Pennsylvania and Texas, any transfer over the limit of 15 transfers between variable portfolios and/or the fixed account

(if available) will incur a $10 transfer fee.

This material must not be distributed without a Polaris product brochure; it cannot be used alone. Polaris Platinum III Variable Annuity is sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance-licensed financial advisor or call 1-800-445-7862 to obtain a prospectus. Please read the prospectus carefully before investing.

Annuities are long-term investments designed for retirement. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in Polaris Platinum III involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. The purchase of Polaris Platinum III is not required for, and is not a term of, the provision of any banking service or activity.

All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurance company.

Polaris Platinum III Variable Annuity, form number AG-803 (7/13), is issued by American General Life Insurance Company (AGL). In New York, Polaris Platinum III Variable Annuity, form number FS-993-PPIII (12/10), is issued by The United States Life Insurance Company in the City of New York (US Life). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862. AGL, US Life and ACS are members of American International Group, Inc. (AIG).

© 2015 American International Group, Inc. Polaris® is a registered trademark. All rights reserved.

aig.com/annuities

strengthprotection

performanceWhen your goals are

The Total Retirement Package

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Polaris Variable Annuities allow you and your insurance-licensed financial advisor to design a customized income solution for a portion of your retirement portfolio.

Polaris: The Total Retirement Package®

protectionfor the sense of security you want

Safeguard your retirement assets with a choice of valuable features designed to help “insure” against market volatility and generate lifetime income:

n Lifestyle protection

n Family protection

Certain protection features are optional—you can choose not to elect them and you won’t be charged for them.

performance for the growth potential you need

Maximize the long-term growth potential of your retirement income with these powerful performance features:

n Experienced money managers

n Actively managed portfolios that use a risk management process

n Tax deferral

06 Performance for the growth potential you need

08 Volatility Control Portfolios

15 Secure lifetime income for retirement with Polaris Income Plus®

22 Secure lifetime income for retirement with Polaris Income Builder®

24 Protect assets for your loved ones

PAGE

To learn about the specific Polaris Variable Annuity you may be considering, please see the enclosed product summary brochure. Contract and optional benefit guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Polaris Variable Annuities are issued by American General Life Insurance Company (AGL) except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life).

Not FDIC or NCUA/NCUSIF Insured

May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency

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strengthfor enduring stability

American General Life and US Life are each strong and established insurance companies:

n Pioneers in the development of innovative retirement income solutions

n Committed to supporting your needs today, and in the years ahead

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Today’s priorities for retirementRetirement today involves new challenges—living longer, losing ground to rising prices over time, and relying more on personal investments in an up-and-down stock market. Make these new priorities part of your planning now and you’ll be one step closer to a more comfortable retirement.

Plan for a long retirement.

Retirement may last longer than you think. With many Americans retiring in their early 60s, it’s easy to see how retirement can last for 30 years or more.

Consider the probability of how long a couple, both age 65, may live:

50% chance that at least one spouse will live to age 93

25% chance that one spouse will live to age 97

Source: Society of Actuaries 2012 Individual Annuitant Mortality Tables. Assumes a couple, both age 65

Maintain your lifestyle.

With inflation, retirement may also cost more than you think.

Over the past 80 years, inflation has averaged 3.65% annually. And while that may not seem like a lot, over time, the impact of even moderate inflation can be dramatic. In fact, assuming the same rate of inflation experienced over the past 30 years—approximately 2.7%—retirement expenses would more than double over the next 30 years!

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Source: Wilshire Compass, 2015.

$133,824

2015 2045

$60,000

Hypothetical Expenses

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Participate in market gains, while reducing downside risk.Stocks historically have outperformed other types of investments over long periods of time. Of course, past performance is not a guarantee of future performance.

While the long-term trend of the stock market has been positive, there have been periods of significant price declines, such as the market downturn in 2008, which can come at the wrong time for your retirement.

Market volatility is to be expected over time. That’s why it’s important to look for ways to reduce downside risk.

Your financial advisor can help you address today’s retirement priorities as you plan for your retirement.

The chart above is hypothetical and for illustrative purposes only and does not represent any particular investment. Performance illustrated is not indicative of future results. Performance for specific investments is available from your financial advisor. Your financial advisor can help you determine what type of investments may be appropriate for you. 1 Source: Wilshire Compass, 2015. T-Bills are represented by 91-day T-Bills. Bonds are represented by the US Core Bond Index. Stocks are represented by the US Large Cap Core Stocks Index. The US Core Bond Index and the US Large Cap Core Stocks Index are a proxy of the bond and equity markets. The indices have been constructed by Wilshire with data from various sources to provide a historical track record back to 12/31/1925. T-Bills and government bonds are subject to interest rate risk, but they are backed by the full faith and credit of the U.S. Government if held to maturity. The repayment of principal and interest of a corporate bond is guaranteed by the issuing company, and subject to default, credit and interest rate risk. Stocks are subject to risk, including stock market fluctuation. Keep in mind, you cannot invest directly in an index; indexes are unmanaged.

2 Source: Ned Davis Research, Inc., based on Dow Jones Industrial Average, daily closes, 1/2/1900–12/31/2014.3 Average for period shown.

Stock Market Volatility Since 19002

Dips (5% or more)

Corrections (10% or more)

Bear Markets (20% or more)

390 123 32

3.4 per year3

1.1 per year3

Once every 3 years3

3

$24

Growth of a $1 Investment, 1926–20141

T-Bills Bonds Stocks

$126

$5,316

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Polaris Variable Annuity:

A versatile investment for your retirement

A Polaris Variable Annuity is a long-term investment that combines growth potential, protection features for your family and optional retirement income choices.

Polaris is designed to help you address today’s most challenging planning needs—while you’re building assets in the accumulation phase and when you are ready to draw on those assets during the income phase. Polaris offers a combination of benefits not typically found in other types of investments.

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Key product features

Variable Annuities

Fixed Annuities

Mutual Funds

Stocks Bonds

Tax advantages—including tax deferral and tax-free rebalancing

(tax deferral)

(may be tax-free)

Participation in the growth potential of the stock market

Protection features that can “insure” against market risk for an additional fee

Professional money management

Asset allocation program (sometimes)

Opportunity for a fixed rate of return

Beneficiary protection

Flexible income options

Predictable income stream

Guaranteed lifetime income

Liquidity Subject to limitations* Subject to limitations*

• Investments in stocks, mutual funds and variable annuities are subject to risk, including possible loss of principal. The variable annuity contract, when redeemed, may be worth more or less than the total amount invested.

• Bonds: U.S. Government bonds and Treasury bills are subject to interest rate risk, but they are guaranteed by the U.S. Government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. Interest from Treasury bills and U.S. Government bonds is exempt from state and local taxes, but may be subject to federal income tax. The repayment of principal and interest of a corporate bond is guaranteed by the issuing company, and subject to default, credit and interest rate risk.

• Variable annuities, unlike other types of investments, offer insurance features (such as a guaranteed death benefit and annuity income options) that you pay for through what is called a separate account fee. Variable annuities are subject to additional fees, including a contract maintenance fee, costs for optional features (if elected), and the expenses related to the operation of the variable portfolios. You can annuitize your contract and receive annuity income payments for life for no additional fee, or you may choose an optional income protection feature. Optional protection features are available for an additional fee. Restrictions and limitations apply. Guarantees, including optional benefits, are backed by the claims-paying ability of the insurer. Any investment in a retirement plan or account (such as an IRA) automatically receives the benefit of tax deferral. An investment in a variable annuity provides no additional tax-deferred benefit beyond that provided by the retirement plan or account. Annuities are insurance products whose gains accumulate tax-deferred and are taxed as ordinary income when withdrawn.

• Fixed annuities offer a fixed rate of return guaranteed by the issuing insurance company. They generally offer a range of income options, including guaranteed lifetime income through annuitization.

• Mutual funds are different from variable annuities in a number of ways. For example, mutual funds serve various short and long-term financial needs, while variable annuities are designed specifically for long-term retirement savings. Mutual funds are investment products whose gains are generally taxable for the year in which they are earned. Mutual funds earn money for an investor in several ways, which can be taxed at different rates. Capital gains and dividends may be taxed at a rate that is lower than the income tax rate; interest is generally taxed at income tax rates.

* Early withdrawal charges apply if withdrawals exceed the contract’s free withdrawal provisions during the withdrawal charge period. Withdrawals of taxable amounts are subject to ordinary income tax, and if taken prior to age 59½, an additional 10% federal tax may apply.

Your financial advisor can help you determine which investments may be right for you. Be sure to talk to your financial advisor about your particular situation before you invest.

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Performance for the growth potential you needPolaris offers you the benefits of professional money management, tax deferral and time-tested investment techniques to help you diversify your investment and maximize long term growth potential.

Additional information

n While certain Polaris portfolios may be similar to other funds managed by the same investment adviser, this does not mean that a portfolio’s investment results will be comparable to the investment results of other similar funds, including other funds with the same investment adviser. The portfolios’ investment results will likely differ, and may be higher or lower than the investment results of other similar funds.

n Money managers, with the exception of SunAmerica Asset Management, LLC, are not affiliated with American General Life, US Life or American International Group, Inc. (AIG).

4 These money managers may be available through the SunAmerica Dynamic Allocation Portfolio, the SunAmerica Dynamic Strategy Portfolio, and the Managed Allocation Portfolios (MAPs) offered in Polaris. More information about individual investment options, including MAPs and Portfolio Allocator models, is available in the Polaris Additional Investment Options brochure.

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Use a systematic investing strategy

Benefit from the power of tax deferral

With a tax-deferred variable annuity like Polaris, the money that might otherwise go to pay current taxes remains invested in your variable annuity for greater growth potential.

Of course, if you use your variable annuity to fund a retirement plan or account, such as an IRA or 401(k), there is no additional tax deferral benefit because these plans already enjoy tax-deferred status. However, a variable annuity does offer other insurance features and benefits that you pay for through what’s called the separate account charge, plus the cost for any optional features you elect.

Keep in mind, tax deferral is not the same as tax-free—when you withdraw money from your variable annuity, you will be taxed on the earnings. And, because deferring taxes is a benefit the federal government extends to encourage long-term savings, if you make a withdrawal before age 59½, an additional 10% federal tax may apply. Early withdrawal charges may also apply. It’s important to know that some variable annuity benefits are based on the amount of money you have invested, and withdrawals may reduce the value of those benefits, including the guaranteed death benefit and the amount available upon a full surrender.

Taxes can have a big impact on long-term investment returns. While the S&P 500® Index had an average annual return of 10.1% from 1926 through 2014, the after-tax return was 8.1%.5

One way to invest is with dollar cost averaging, an automatic monthly investment program. With dollar cost averaging, you buy more units if the price is lower, fewer if the price is higher—potentially resulting in a lower average cost per unit.

Polaris offers you specially designed Dollar Cost Averaging fixed accounts that provide a competitive rate of return on your money as it is systematically

transferred into selected investment options over a specific time period. Ask your financial advisor for available DCA fixed account terms.

Keep in mind, dollar cost averaging cannot guarantee a profit or protect against a market loss. You should consider your ability to continue to invest during periods of market volatility.

Additional information

n Any fixed rates credited to DCA fixed accounts will be paid on a declining balance. Money in these accounts is automatically transferred out on a monthly basis over the specified period (6 months or 1 year), depending on which DCA fixed account you select. The availability of DCA fixed account terms varies by state.

n Automated transfers that are part of the Dollar Cost Averaging features do not count against your 15 free transfers per year. 5 Source: Ibbotson Associates, Inc., 2015. Federal income tax is calculated using the historical marginal and capital gains tax rates for a single taxpayer earning $100,000. No state income tax is included. Past performance is not a guarantee of future results.

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Volatility Control Portfolios take advantage of risk management processes that have been successfully used by institutional investors.

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Of course, by investing in a portfolio that is designed to control volatility, you may have less risk from market downturns, but may also have less opportunity to benefit from market gains.

n Each of the Volatility Control Portfolios offers you the benefits of professional money management for long-term growth potential, diversification across asset classes, and risk management.

n Investing in stocks can be bumpy. Volatility Control Portfolios can help provide a “smoother” ride. Portfolios that employ a volatility control approach seek to manage volatility within the portfolio, reduce the incidence of extreme outcomes (including the probability of large losses), and preserve long-term return potential. As a result, a volatility control approach may provide more consistent performance without giving up long-term growth potential.

Please see page 12 for important risks and additional information.

Volatility is a statistical measure of the frequency and level of changes in the Portfolio’s returns over time without regard to the direction of those changes. Volatility is not a measure of investment performance. It is possible for a Portfolio to maintain its volatility at or under its target volatility level while having negative performance returns. There is no assurance that a Portfolio’s investment goal will be met or that investment decisions made in seeking to manage a Portfolio’s volatility will achieve the desired results.

While diversification and asset allocation are both proven investment strategies, they cannot guarantee greater or more consistent returns over time and they cannot protect against loss.

Help grow and protect your money with

Volatility Control Portfolios

Volatility Control Portfolios

n SunAmerica Dynamic Allocation Portfolio®

n SunAmerica Dynamic Strategy Portfolio®

n VCP Managed Asset Allocation SAST Portfolio®

n VCP Total Return Balanced® Portfolio

n VCP Value® Portfolio

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n You may use a Dollar Cost Averaging (DCA) fixed account to systematically invest in the investment choices available. Your target DCA instructions must follow the investment requirements described.

n If you elect an optional income protection feature, participation in quarterly automatic asset rebalancing is also required. Amounts allocated to the Secure Value Account will not be rebalanced and are not available for transfer as long as the feature is in effect. Keep in mind, because rebalancing resets the

allocation among variable portfolios, it may have a positive or negative impact on performance.

n The investment requirements may reduce the need to rely on an income protection guarantee because they allocate your investment across asset classes and potentially limit exposure to market volatility. Of course, if you decide not to elect optional income protection, you may invest in any of the investment options offered in Polaris. Please see the Polaris Additional Investment Options brochure to learn more.

If you elect an optional income protection feature, there are multiple ways to invest using our Volatility Control Portfolios

The following investment requirements apply if you elect Polaris Income Plus (Income Option 1, 2 or 3) or Polaris Income Builder. Both features are described later in this brochure.

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Your Investment Choices

10% of your initial and additional investments will automatically be allocated to the Secure Value Account.

The Secure Value Account is a fixed account with a one-year term.

90% may be invested in one of six “Check the Box” options:

Invest in a combination of:

• SunAmerica Dynamic Allocation Portfolio • SunAmerica Dynamic Strategy Portfolio • VCP Managed Asset Allocation SAST Portfolio • VCP Total Return Balanced Portfolio • VCP Value Portfolio

30%30% 10%10%10%

Invest in a combination of:

• SunAmerica Dynamic Allocation Portfolio • SunAmerica Dynamic Strategy Portfolio • VCP Managed Asset Allocation SAST Portfolio • VCP Total Return Balanced Portfolio • VCP Value Portfolio

18%18% 18%18%18%

Invest in a combination of:

• SunAmerica Dynamic Allocation Portfolio • VCP Managed Asset Allocation SAST Portfolio • VCP Total Balanced Portfolio • VCP Value Portfolio

30%20% 20%20%

Invest equally in: • SunAmerica Dynamic Allocation Portfolio • SunAmerica Dynamic Strategy Portfolio

45% 45%

Invest in: • SunAmerica Dynamic Allocation Portfolio 90%

Invest in: • SunAmerica Dynamic Strategy Portfolio 90%

Or a total of 90% may be invested in any combination of the following portfolios:

• SunAmerica Dynamic Allocation Portfolio

• SunAmerica Dynamic Strategy Portfolio

• Corporate Bond (Federated Investment Management Company)

• Global Bond (Goldman Sachs Asset Management International)

• Government and Quality Bond (Wellington Management Company LLP)

• Real Return (Wellington Management Company LLP)

• SA JPMorgan MFS® Core Bond (J.P. Morgan Investment Management Inc., Massachusetts Financial Services Company)

• Cash Management (BofA Advisors, LLC)

A maximum of 50% may be allocated to any of these portfolios:

• VCP Managed Asset Allocation SAST Portfolio (Capital Research and Management Company)

• VCP Total Return Balanced Portfolio (Pacific Investment Management Company LLC)

• VCP Value Portfolio (Invesco Advisers, Inc.)

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Please see page 12 for important risks and additional information.

Take advantage of actively managed funds-of-funds

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The SunAmerica Dynamic Allocation Portfolio (SDAP) and the SunAmerica Dynamic Strategy Portfolio (SDSP) are actively managed funds-of-funds that draw on the expertise of many leading Polaris money managers.

SDAP and SDSP At-A-Glance

Investment Goals: Seeks current income and moderate capital appreciation while managing portfolio volatility

Portfolio Management

SunAmerica Asset Management, LLC (investment adviser); AllianceBernstein L.P. (subadviser to the overlay component of each Portfolio)

Investment Style

SunAmerica Dynamic Allocation Portfolio (SDAP): The fund-of-funds component will generally be divided among growth equity and value equity portfolios, drawing on research provided by Wilshire Funds Management.6

SunAmerica Dynamic Strategy Portfolio (SDSP): The fund-of-funds component will generally invest a greater portion of its assets in value equity portfolios than growth equity portfolios, drawing on research provided by Ibbotson Associates, Inc.

Risk Management Process

• When the equity market is expected to experience high levels of volatility, the Portfolio’s overall level of equity exposure (“net equity exposure”) may be decreased through the overlay component to help protect against potential declines. When the equity market is expected to experience lower levels of volatility, the overall level of equity exposure may be increased to take advantage of potential return opportunities. Such changes do not increase or decrease the Portfolio’s interest rate risk.

• The overlay component will generally invest in S&P 500® equity index futures contracts and options to manage the Portfolio’s net equity exposure.

• The overall level of equity exposure will range from a minimum of 25% to a maximum of 100%. Over the long term, the average level of equity exposure is expected to be approximately 60% to 65%.

SunAmerica Dynamic Strategy Portfolio Target Asset Allocation

SunAmerica Dynamic Allocation Portfolio Target Asset Allocation

Target asset allocation does not take into account equity exposure that may be obtained through the use of S&P 500® equity index futures and options or other investments in the overlay component. Fund-of-funds allocation shown is a sample.

Fund-of-Funds Component: 80%Fund-of-Funds

Component: 80%

Overlay Component:

20%

Overlay Component:

20%

Additional information n For each Portfolio, the overall level of exposure to the equity market may be increased or decreased through investments made in both

the fund-of-funds component and the overlay component. These investments are subject to certain risks including stock market and interest rate fluctuations, as well as additional risks associated with investments in certain asset classes.

n The portfolio operating expenses for a fund-of-funds are typically higher than those of a traditional portfolio because you pay the expenses of that portfolio and indirectly pay a proportionate share of the expenses of the underlying portfolios.

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Take advantage of actively managed funds-of-funds

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Universe of Underlying Portfolios

Asset Class** Portfolio Money Manager(s) SDAP SDSP

Large Core

Equity Index SunAmerica Asset Management, LLCSA MFS® Massachusetts Investors Trust Massachusetts Financial Services Company

Growth and Income Wellington Management Company LLP —Equity Opportunities OppenheimerFunds, Inc. —

Large Growth

Growth Wellington Management Company LLP

Large Cap Growth Goldman Sachs Asset Management, L.P., Janus Capital Management LLC, SunAmerica Asset Management, LLC

Blue Chip Growth Massachusetts Financial Services Company —Capital Appreciation Wellington Management Company LLP —Fundamental Growth Wells Capital Management Incorporated —SA Columbia Focused Growth Columbia Management Investment Advisers, LLC —Stock T. Rowe Price Associates, Inc. —Capital Growth The Boston Company Asset Management, LLC —SA AB Growth AllianceBernstein L.P. —SA Marsico Focused Growth Marsico Capital Management, LLC —

Large Value

Growth-Income J.P. Morgan Investment Management Inc.

Large Cap Value T. Rowe Price Associates, Inc., Wellington Management Company LLP, SunAmerica Asset Management, LLC

SA Columbia Focused Value Columbia Management Investment Advisers, LLC

“Dogs” of Wall Street SunAmerica Asset Management, LLC —SA Legg Mason BW Large Cap Value Brandywine Global Investment Management, LLC —

Small and Mid Cap Growth

Growth Opportunities Invesco Advisers, Inc.

Mid-Cap Growth J.P. Morgan Investment Management Inc.

Mid Cap Growth T. Rowe Price Associates, Inc., Wellington Management Company LLP, SunAmerica Asset Management, LLC

Aggressive Growth Wells Capital Management Incorporated —

Small and Mid Cap Value

Mid Cap Value Goldman Sachs Asset Management, L.P., Massachusetts Financial Services Company, SunAmerica Asset Management, LLC

Small Company Value Franklin Advisory Services, LLC

Small & Mid Cap Value AllianceBernstein L.P. —

Small Blend Small Cap ClearBridge Investments, LLC, J.P. Morgan Investment Management Inc., SunAmerica Asset Management, LLC

Specialty

Real Estate Pyramis Global Advisors, LLC

Natural Resources Wellington Management Company LLP —Technology Columbia Management Investment Advisers, LLC —Telecom Utility Massachusetts Financial Services Company —

International— Developed Markets

Foreign Value Templeton Investment Counsel, LLC

International Equity Janus Capital Management LLC, T. Rowe Price Associates, Inc., SunAmerica Asset Management, LLC

International Growth and Income Putnam Investment Management, LLC

International Diversified Equities Morgan Stanley Investment Management Inc. —

International— Emerging Markets

Emerging Markets J.P. Morgan Investment Management Inc. —

Global Global Equities J.P. Morgan Investment Management Inc.

Investment Grade Bonds

Corporate Bond Federated Investment Management Company

Diversified Fixed Income PineBridge Investments, LLC, Wellington Management Company LLP

Global Bond Goldman Sachs Asset Management International

Government and Quality Bond Wellington Management Company LLP

SA JPMorgan MFS® Core Bond J.P. Morgan Investment Management Inc., Massachusetts Financial Services Company

High-Yield Bonds High-Yield Bond PineBridge Investments, LLC

Inflation Protected Securities

Real Return Wellington Management Company LLP

Money Market Cash Management BofA Advisors, LLC

6 Wilshire Funds Management is the global investment unit of Wilshire Associates Incorporated. * Portfolios will not normally invest in every underlying portfolio at any particular time. The universe of underlying portfolios and associated money managers

is subject to change. ** Primary asset class as determined by SunAmerica Asset Management, LLC.

The fund-of-funds component of the SunAmerica Dynamic Allocation Portfolio (SDAP) and the SunAmerica Dynamic Strategy Portfolio (SDSP) may invest in the portfolios shown below.*

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Volatility Control PortfoliosnWhile Volatility Control Portfolios employ risk management processes that seek to manage volatility with the Portfolio, volatility may result from

rapid or dramatic price swings. A Portfolio could experience high levels of volatility in both rising and falling markets. Due to market conditions or other factors, the actual or realized volatility of a Portfolio for any particular period of time may be materially higher or lower than the target level. Efforts to manage a Portfolio’s volatility could limit a Portfolio’s gains in rising markets, may expose the Portfolio to costs to which it would otherwise not have been exposed, and if unsuccessful may result in substantial losses.

nEach Portfolio is subject to derivative and leverage risks. These investment strategies may be riskier than other investment strategies and may result in gains or losses substantially greater than the cost of the position. While these strategies can be useful and inexpensive ways of reducing risk, they are sometimes ineffective due to unexpected changes in the market, exchange rates or other factors. When a Portfolio uses derivatives for leverage, the Portfolio will tend to be more volatile, resulting in larger gains or losses in response to the fluctuating prices of the Portfolio’s investments.

nEach Portfolio is subject to other risks including short sales risk and counterparty risk. Losses from short sales are potentially unlimited, whereas losses from purchases can be no greater than the total amount invested. Counterparty risk is the risk that a counterparty will not perform its obligations. Small movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain mortgage-backed securities. These securities are also subject to risk of default, particularly during periods of economic downturn. Credit risk (i.e., the risk that an issuer might not pay interest when due or repay principal at maturity of the obligation) could affect the value of the investments in the Portfolio.

nEach Portfolio is subject to risk of conflict with insurance company interests given certain aspects of portfolio management are intended to mitigate the financial risks the insurer faces in connection with optional income protection guarantees.

nCertain Portfolios and their underlying portfolios (if applicable) may engage in frequent trading of portfolio securities to achieve their investment goals. Active trading may result in high portfolio turnover and correspondingly greater transaction costs.

nInvestments are subject to certain risks including stock market and interest rate fluctuations, as well as additional risks associated with investments in certain asset classes. Please see below.

VCP Managed Asset Allocation SAST PortfolionHedge assets include cash and liquid transparent financial futures contracts that are tailored to the underlying holdings in the American Funds

Insurance Series Asset Allocation Fund. Futures contracts on major equity indices, U.S. Treasury bonds, and currencies are typically used. Futures contracts are used only to reduce risk relative to a long-equity portfolio. In situations of extreme market volatility, the exchange-traded futures could potentially reduce the Master Fund’s net economic exposure to equity securities to 0%.

nThe Portfolio is subject to the risk that the strategy that will be used to stabilize the volatility of the Master Fund and reduce its downside exposure may not produce the desired result. In addition, the use of the risk-management overlay may cause the Master Fund’s return to lag that of the underlying fund in certain rising market conditions.

VCP Total Return Balanced PortfolionThe Portfolio may invest a significant portion of its assets in derivatives. As a result, performance could be primarily dependent on securities

the Portfolio does not own. nThe Portfolio will generally achieve equity exposure by investing in derivatives rather than through direct investments in equity securities. The

Portfolio may also invest directly in equity securities and ETFs to achieve its goal.

VCP Value Portfolio nThe Portfolio’s target volatility level is not a total return performance target. Total return performance is not expected to be within any specified

target range. nThe Portfolio’s ability to achieve current income may be adversely affected if dividends on the Portfolio’s equity securities are reduced or

discontinued or if prevailing interest rates on the Portfolio’s debt securities decline.nAlthough the Portfolio seeks investments in undervalued companies, judgments that a particular security is undervalued may prove incorrect.

Additional RisksnThere is no assurance that a Portfolio’s investment process will achieve its specific investment objectives. nPortfolios that invest in stocks and bonds are subject to risk, including stock market and interest rate fluctuations. Portfolios that invest

in bonds are subject to changes in their value when prevailing interest rates change. Portfolios that invest in non-U.S. stocks and bonds, including emerging market investments, are subject to additional risks such as political and social instability, differing securities regulations and accounting standards, limited public information, plus special risks that may include foreign taxation, currency risks, risks associated with possible differences in financial standards, and other monetary and political risks associated with future political and economic developments.

nInvestments that concentrate on one economic sector or geographic region are generally subject to greater volatility than more diverse investments. Portfolios that invest in technology companies are subject to additional risks and may be affected by short product cycles, aggressive pricing, competition from new market entrants and obsolescence of existing technology. Portfolio returns may be considerably more volatile than a portfolio that does not invest in technology companies.

nPortfolios that invest in small and mid-size company stocks are generally riskier and more volatile than portfolios that invest in larger, more established companies.

nPortfolios that invest in high-yield bonds may be subject to greater price swings than portfolios that invest in higher-rated bonds. The payment of interest and principal is not assured.

nPortfolios that invest in real estate investment trusts (REITs) involve risks such as refinancing, economic conditions in the real estate industry, changes in property values, dependency on real estate management, and other risks associated with a concentration in one sector or geographic region.

nInvestments in securities related to gold and other precious metals and minerals are speculative and impacted by a host of worldwide economic, financial and political factors.

nMoney market instruments generally offer stability and income, but an investment in these securities, like investments in other portfolios, is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the Cash Management portfolio is subject to potential loss of principal; unlike certain money market instruments, it does not seek to maintain a net asset value of $1.

Important risks and additional information

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Additional Volatility Control Portfolios

7 Capital Research and Management Company is the investment manager of the American Funds. 8 SunAmerica Asset Management, LLC serves as investment adviser to the “Feeder Fund”; Capital Research and Management Company serves as investment adviser to the “Master Fund” and the “Underlying Fund.” Please see additional information below concerning the Portfolio’s structure.

The VCP Managed Asset Allocation SAST Portfolio (“Feeder Fund”) does not invest directly in individual securities; instead it invests in shares of the American Funds Insurance Series® Managed Risk Asset Allocation FundSM (the “Master Fund”). In turn, the Master Fund invests in shares of an underlying fund, the American Funds Insurance Series® Asset Allocation Fund (the “Underlying Fund”), hedge instruments (primarily exchange-traded futures) and cash or cash equivalents. Investing in a Feeder Fund will result in higher fees and expenses than investing in a portfolio that invests directly in securities. Please see the prospectus for more information regarding the master-feeder fund structure and related expenses.

Milliman Financial Risk Management LLC is not an affiliate or member of Capital Research and Management Company or The Capital Group Companies.

VCP Total Return Balanced Portfolio

VCP Value Portfolio

The VCP Total Return Balanced Portfolio is a balanced portfolio that leverages the fixed income and equity investment expertise of Pacific Investment Management Company LLC (PIMCO).

The VCP Value Portfolio is a balanced portfolio that capitalizes on the value style investing expertise of Invesco Advisers, Inc.

n Investment goals: Seeks capital appreciation and income while managing portfolio volatility

n Portfolio Management: SunAmerica Asset Management, LLC (investment adviser); Pacific Investment Management Company LLC (subadviser)

n Investment goals: Seeks current income and moderate capital appreciation while managing portfolio volatility

n Portfolio Management: SunAmerica Asset Management, LLC (investment adviser); Invesco Advisers, Inc. (subadviser)

VCP Managed Asset Allocation SAST Portfolio

The VCP Managed Asset Allocation SAST Portfolio is a balanced portfolio that provides access to American Funds and diversification among equities (stocks), fixed income (bonds) and money market instruments through the underlying fund in which the Portfolio invests.

n Investment goals: Seeks high total return (including income and capital gains) consistent with the preservation of capital over the long term while seeking to manage volatility and provide downside protection

n Portfolio Management: Capital Research and Management Company7 (investment adviser8); Milliman Financial Risk Management LLC (subadviser to the Portfolio’s risk-management overlay)

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Protection for the sense of security you want

These optional protection features are available for an additional fee and subject to restrictions and limitations. Optional features must be elected at the time of purchase and, once elected, may not be changed. Not all features are available in all states.

You may choose only one income protection option. The guarantees associated with Polaris protection features are backed by the financial strength and claims-paying ability of the issuing insurance company.

Polaris offers ways to “insure” your retirement assets against market uncertainty—whether your goal is to grow and protect your investment for lifetime income or protect your investment for your family.

Your objective Your Polaris strategy

Grow and secure income—including rising lifetime income to help protect your retirement lifestyle

n Polaris Income Plus® (age 45-80)

n Polaris Income Builder® (age 65-80)

Protect your beneficiaries from investment loss in a down market

n Optional enhanced death benefit

To help protect against the unexpected, you insure what’s important to you—whether it’s your home, your car or even your life. Shouldn’t you consider doing the same with your retirement income?

Are you protected against market volatility?

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Secure lifetime income for retirement with

Polaris Income Plus®

Polaris Income Plus can help you secure your retirement income—no matter how the market performs. It offers you the assurance of guaranteed lifetime income, the opportunity for rising income, and income that is protected from market volatility.

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Protected lifetime income that can go up—even after withdrawals begin

n The opportunity for rising income. Income Plus “locks in” the greater of your investment gains or an annual income credit of up to 6% on each contract anniversary during the first 12 contract years (called the “income credit period”) for future income. The full 6% income credit is available in years withdrawals are not taken.

n Income that can continue to rise with the market. After the first 12 contract years, income credits are no longer available. However, your income will continue to have the opportunity to increase from investment gains on contract anniversaries, provided contract value remains.

n Income that’s guaranteed to last. Count on a guaranteed stream of lifetime income for as long as you—or you and your spouse—are living.

If you select this feature, investment requirements apply. Please see page 9 for more information.

Depending on investment performance and your income needs, you may not need to rely on this optional insurance feature, which is available at contract issue for an additional fee rate of 1.10% of the Income Base (Single Life) or 1.35% (Joint Life). The fee rate is guaranteed for one year. After that time, it will be adjusted quarterly and may decrease or increase based on a predetermined, non-discretionary formula. The minimum issue age for this feature is 45 and the maximum issue age is 80. Please see the enclosed product summary brochure and a prospectus for details regarding minimum and maximum fees, age restrictions and other limitations.

Contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company.

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Important information about the hypothetical illustrations shownn Hypothetical illustrations are not to scale and are intended solely to depict how Income Plus can work. The “Accumulation Phase”

examples assume no withdrawals are taken during the period illustrated. Annual market returns illustrated are hypothetical. Hypothetical contract value assumes an initial purchase payment at contract issue and no additional purchase payments. Illustrations do not reflect the actual performance of any particular investment. For more information about Polaris Variable Annuity performance, please ask your financial advisor.

Terms used in this sectionn Income Credit: The amount that may be added to your Income Base, calculated as a percentage of your Income Credit Base. n Income Base: The amount on which guaranteed withdrawals and the fee are based. It is not a liquidation value nor is it available as

a lump sum. The Income Base is initially equal to the first eligible purchase payment. On each contract anniversary, the Income Base is set to equal the greater of (a) the anniversary value, if greater than all previous anniversary values, or (b) the Income Base plus the income credit amount (if eligible) during the income credit period. The Income Base is automatically evaluated on contract anniversaries while the contract value is greater than zero and the feature is still in effect, provided you have not reached the Latest

Polaris with Income Plus is designed to offer you more while you’re accumulating money for your retirement

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A full 6% income credit is available

on each contract anniversary

during the first 12 contract years,

in years that withdrawals are not

taken. This ensures a rising Income

Base for future income—no matter

how the market performs.

Income Base

Age 60 61 62 63 64 65

Contract Value

Locks in an annual 6% income credit

ACCUMULATION A 6% income credit for up to 12 years

Assumed age at contract issue: 60Income credit

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Annuity Date (95th birthday). On the 12th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of eligible first-year purchase payments) if no withdrawals have been taken from the contract. The Income Base will be increased each time an eligible purchase payment is made and adjusted for excess withdrawals.

n Income Credit Base: A component of the feature that is used to calculate the income credit. Initially, the Income Credit Base is equal to the first eligible purchase payment. If the Income Base steps up to your highest anniversary value on a contract anniversary, your Income Credit Base will also step up to this amount. Please note that the Income Credit Base is not increased if your Income Base steps up due to the addition of the income credit. The Income Credit Base will be increased each time an eligible purchase payment is made and adjusted for excess withdrawals.

n Income Credit Period: The period of time over which an income credit may be added to the Income Base. It begins on the contract issue date and ends 12 years later.

n Note: If you use this contract to fund a retirement plan or account and plan on taking Required Minimum Distributions (RMDs) during the first 12 contract years, you will not be eligible for the Minimum Income Base if any withdrawals are taken prior to the 12th contract anniversary.

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top of the current Income Base, which

may include investment gains locked

in on prior contract anniversaries. This

is known as stacking. What’s more,

when the Income Base increases from

investment gains, the Income Credit

Base is also increased to this amount,

which in turn increases the amount

of the 6% income credit available in

future years.

If you choose not to take any withdrawals during the first 12 contract years, your Income Base is guaranteed to

be at least 200% of your eligible first-year purchase payments on the 12th contract anniversary (the Minimum

Income Base)—regardless of market performance.

Income Base

Age 60 61 62 63 64 65

Contract Value

Locks in greater of investment gains or a 6% income credit

Income Base

Contract Value

Income Base doubles on 12th contract anniversary

ACCUMULATION 6% income credit “stacks” on high anniversary values

ACCUMULATION An Income Base that can DOUBLE after 12 years

Age 53 54 55 56 57 58 59 60 61 62 63 64 65

Income credit Investment gainsAssumed age at contract issue: 60

Assumed age at contract issue: 53Income credit

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When you are ready to take income, Polaris with Income Plus offers valuable protection and growth opportunities

To realize the benefits of Income Plus, you will need to take withdrawals within the parameters of the feature and income option elected. Withdrawals of taxable amounts are subject to ordinary income tax

and, if taken prior to age 59½, an additional 10% federal tax may apply. Early withdrawals may be subject to withdrawal charges if they exceed certain parameters.

Your withdrawals are calculated as a

percentage of the Income Base, an

amount that is protected for life for

income—no matter how the market

performs. Keep in mind, the Income

Base is not a liquidation value, nor is

it available as a lump sum.

Income Base

Age 65 66 67 68 69

Contract Value

Downside protection at all times

INCOME An Income Base protected from market volatility

Assumed age at contract issue: 65

Additional terms used in this section and important informationn Eligible Purchase Payments: Purchase payments received in the first contract year only; all other purchase payments are ineligible.

Income credits and spousal continuation contributions are not included in the calculation of eligible purchase payments.n Anniversary Value: The contract value on your contract anniversary (including any spousal continuation contributions), less ineligible

purchase payments.n The opportunity for rising income (including guaranteed rising income during the first 12 contract years) ends if the contract value is

completely depleted.

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n Required Minimum Distributions (RMDs): If your variable annuity is funding a retirement plan or account, such as an IRA, and you take a withdrawal to meet your contract’s RMD, you will still be eligible for a partial income credit provided the RMD is less than 6% of the Income Base. If your contract’s RMD exceeds the feature’s maximums, your Income Credit Base and Income Base will not be reduced, provided RMDs are set up on the company’s systematic withdrawal program. Please see page 20 for additional information, including important information concerning withdrawals.

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Regardless of which Income Plus income option you choose, if you take withdrawals of less than 6% of the Income

Base within the feature’s parameters during the first 12 contract years, you can receive a partial income credit for

guaranteed rising income—even if the market is flat or down . (Of course, in a rising market, Income Plus locks in the

greater of investment gains or the available income credit on your contract anniversary.)

During the first 12 contract years, the available 6% income credit is simply reduced by the percentage of the

Income Base withdrawn. For example, if you withdraw 5% in a given year, the available income credit on the next

contract anniversary will be 1% (6% - 5%).

INCOME Guaranteed rising income

If the Income Base “steps up” from

investment gains on a contract

anniversary in a rising market, so

does your income.

Income Base

Guaranteed lifetime income increases whenever the Income Base “steps up”

INCOME Opportunity to “lock in” investment gains for rising income

Contract Value

Age 65 66 67 68 69

Income Base

Contract Value

Locks in a partial income credit when withdrawals of less than 6% are taken

Age 65 66 67 68 69 70 71 72 73 74 75 76 77

6% - 5% = 1%

Investment gains

Income creditAssumed age at contract issue: 65

Assumed age at contract issue: 65

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Withdrawals n Annual withdrawals of up to the maximum annual withdrawal amount (MAWA) do not reduce the Income Base and the Income

Credit Base (if applicable). If you take a withdrawal that exceeds the MAWA (known as an “excess withdrawal”), your Income Base and Income Credit Base will be reduced proportionately. In addition, with Income Plus, an income credit will not be available on the next contract anniversary. (Note: with Income Builder, an income credit is not available in years any withdrawals are taken.) Excess withdrawals that reduce the Income Base and the Income Credit Base also reduce the MAWA that can be withdrawn under the feature.

n If an excess withdrawal reduces the contract value to zero, the feature will terminate and you will no longer be eligible to take withdrawals or receive lifetime income payments.

n The amount available for withdrawals may change over time. It may increase on contract anniversaries if the Income Base increases, or decrease if you take an excess withdrawal that reduces your Income Base. If you select Income Plus Income Option 1 or 2 or Income Builder and your contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s MAWA, you will receive the Protected Income Payment as indicated on pages 21 and 23. As a result, the amount available for lifetime income will decrease. If you select Income Plus Income Option 3 and your contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s MAWA, the annual amount of lifetime income will not change; annual income paid to you after this point is simply referred to as the Protected Income Payment.

n If you have elected an income protection feature, withdrawals up to the MAWA are free of withdrawal charges. Withdrawals that exceed the MAWA may be subject to a withdrawal charge. Please see the enclosed product summary brochure for the withdrawal charge schedule associated with the variable annuity you may be considering.

n Partial withdrawals reduce other benefits available under the contract, such as the death benefit, as well as the amount available upon surrender. If you elect Income Plus and take withdrawals during the first 12 contract years that reduce or eliminate the available income credit, future income may be lower than if a partial or full income credit was added to your Income Base. If you elect Income Builder and take withdrawals during the first 12 contract years, future income may be lower than if you had waited to take withdrawals and an income credit was added to your Income Base.

Retirement Plans and Accountsn If you use this contract to fund a retirement plan or account and you plan on taking Required Minimum Distributions (RMDs), please

see the prospectus for more information and consult with a tax advisor concerning your particular circumstances. Keep in mind, an investment in a variable annuity within a retirement plan or account provides no additional tax-deferred benefit beyond that provided by the plan or account.

n These features may not be appropriate for use with contributory IRAs (IRA, Roth and SEP) or retirement plans and accounts (401 and 457) if you plan to make ongoing contributions. Only certain purchase payments received in the first contract year are included in the Income Base.

Latest Annuity Daten If the contract value and the Income Base are greater than zero on the Latest Annuity Date (95th birthday), you will need to select one

of these annuity options: 1) Annuitize the contract value under the contract’s annuity provisions. 2) Annuitize the contract and receive payments equal to the MAWA at the Latest Annuity Date for a fixed period. The duration of the fixed period will be determined by dividing the contract value at the Latest Annuity Date by the current MAWA. As long as the covered person(s) is living, this amount will continue for the specified period after which time the Protected Income Payment amount will be paid until the death(s) of the covered person(s). 3) Elect any payment option that is mutually agreeable between you and the issuing insurance company. Please see a prospectus for details.

Cancellationn These features may be cancelled on the 5th contract anniversary or any contract quarter anniversary after that. Amounts allocated to

the Secure Value Account (SVA) will be automatically transferred to the 1-year fixed account, if available. If the 1-year fixed account is not available, the amounts will be transferred to the Cash Management portfolio. After cancellation, additional purchase payments will no longer be automatically allocated to the SVA. Once the cancellation becomes effective, the associated fee will no longer be charged going forward. These features cannot be re-elected following cancellation.

Other Considerationsn When the Income Base is increased, it may have the effect of increasing the dollar amount of the fee. When the Income Base is

decreased due to excess withdrawals, it may have the effect of reducing the dollar amount of the fee.n Joint Life option: In the event of a death, spousal continuation must be elected to provide guaranteed income for the lifetime of the

remaining spouse. The fee for the Joint Life option will continue to be charged. The Joint Life option will automatically be cancelled if a death benefit is paid and the contract is not continued by the spouse, or if the surviving original spouse dies. The Single Life option will automatically be cancelled if a death benefit is paid or if the covered person dies.

n Please see the prospectus for additional information about what happens in the event of divorce or other changes affecting the contract owners or beneficiaries.

n If you decide not to take withdrawals under one of these features, or you surrender the contract, you will not receive the benefit of the feature. You may pay for the added assurance of one of these features and not need to use it. Fees are non-refundable.

n These features may be automatically terminated under certain circumstances, such as when the contract is annuitized or surrendered. Other circumstances may also apply.

Please see the prospectus for complete details, including limitations and restrictions.

Additional information about optional income protection features

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Additional terms used in this section and important informationn Age at time of first withdrawal: When determining the maximum annual withdrawal amount percentage, as well as the feature’s

protected income payment percentage, the age at the time of first withdrawal is based on the age of the older individual if the contract is jointly owned for the Single Life option; age of younger individual for the Joint Life option. This age criteria is also used when evaluating eligibility for an increase to the protected income payment percentage, if applicable.

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Income Plus offers you a choice of income options so you can secure an income stream that’s right for you

A choice of income options

Withdrawals beginning at age 65 or later

Income OptionsMaximum Annual

Withdrawal Amount (as a percentage of your Income Base)

Protected Income Payment(as a percentage of your Income Base)

Income Option 1 6% (5.5% Joint Life) 4%

Income Option 2 7% (6.5% Joint Life) 3%

Income Option 35% for life

(4.5% for life – Joint Life)5% for life

(4.5% for life – Joint Life)

Withdrawals beginning before age 65

Income OptionsMaximum Annual

Withdrawal Amount (as a percentage of your Income Base)

Protected Income Payment(as a percentage of your Income Base)

Income Option 1 5.5% (5% Joint Life) 3%*

Income Option 2 5.5% (5% Joint Life) 3%*

Income Option 34% for life

(3.5% for life – Joint Life)4% for life

(3.5% for life – Joint Life)

* If withdrawals begin before age 65 and your Income Base increases due to investment gains on a contract anniversary on or after your 65th birthday, the protected income payment will automatically increase to 4% of your Income Base.

The protected income payment will be paid in the event the contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s parameters.

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Secure lifetime income for retirement with

Polaris Income Builder®

Terms used in this section

n Income Credit: The amount that may be added to your Income Base, calculated as a percentage of your Income Credit Base. With Income Builder, the income credit is only available in years that you do not take withdrawals. Partial income credits are not available.

n Income Base: The amount on which guaranteed withdrawals and the fee are based. It is not a liquidation value nor is it available as a lump sum. The Income Base is initially equal to the first eligible purchase payment. On each contract anniversary, the Income Base is set to equal the greater of (a) the anniversary value, if greater than all previous anniversary values, or (b) the Income Base plus the income credit amount (if eligible) during the income credit period. The Income Base is automatically evaluated on contract anniversaries while the contract value is greater than zero and the feature is still in effect, provided you have not reached the Latest Annuity Date (95th birthday). On the 12th contract anniversary, the Income Base may be increased to the Minimum Income Base (200% of eligible first-year purchase payments) if no withdrawals have been taken from the contract. The Income Base will be increased each time an eligible purchase payment is made and adjusted for excess withdrawals.

n Income Credit Base: A component of the feature that is used to calculate the income credit. Initially, the Income Credit Base is equal to the first eligible purchase payment. If the Income Base steps up to your highest anniversary value on a contract anniversary, your Income Credit Base will also step up to this amount. Please note that the Income Credit Base is not increased if your Income

Predictable lifetime income with the opportunity for an income credit

n A guaranteed annual 6% increase for up to 12 years. Income Builder “locks in” the greater of your investment gains or an annual 6% income credit on each contract anniversary during the first 12 contract years (called the “income credit period”) for future income.

The 6% income credit is available in years that withdrawals are not taken. The income credit is calculated as a percentage of the Income Credit Base.

n Income that can continue to rise with the market. After the first 12 contract years, your income will continue to have the opportunity to increase from investment gains on contract anniversaries, provided contract value remains.

n The opportunity for a 200% retirement income guarantee. If you do not take any withdrawals during the first 12 contract years, you can count on a floor for retirement income that’s guaranteed to be at least 200% of your eligible first-year purchase payments on the 12th contract anniversary (the “Minimum Income Base”).

If you select this feature, the investment requirements described on page 9 will apply. To realize the feature’s benefits, withdrawals must be taken within the feature’s parameters. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. Early withdrawals may be subject to withdrawal charges if they exceed certain parameters.

If you are 65 or older at the time of purchase, Polaris Income Builder offers guaranteed lifetime income, along with the opportunity to grow future income if you wait to take withdrawals.

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Predictable lifetime income with the opportunity for an income credit

Base steps up due to the addition of the income credit. The Income Credit Base will be increased each time an eligible purchase payment is made and adjusted for excess withdrawals.

n Income Credit Period: The period of time over which an income credit may be added to the Income Base. It begins on the contract issue date and ends 12 years later.

n Eligible Purchase Payments: Purchase payments received in the first contract year only; all other purchase payments are ineligible. Income credits and spousal continuation contributions are not included in the calculation of eligible purchase payments.

n Anniversary Value: The contract value on your contract anniversary (including any spousal continuation contributions), less ineligible purchase payments.

n Required Minimum Distributions (RMDs): If your variable annuity is funding a retirement plan or account, such as an IRA, and you take a withdrawal that exceeds the Maximum Annual Withdrawal Amount to meet your contract’s RMD, your Income Credit Base and Income Base will not be reduced provided RMDs are set up on the company’s systematic withdrawal program. Keep in mind, if you plan on taking RMDs during the first 12 contract years, you will not be eligible for the annual 6% income credit in years withdrawals are taken. In addition, you will not be eligible for the Minimum Income Base if any withdrawals are taken prior to the 12th contract anniversary.

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Access up to 5.5% withdrawals when you’re ready for income

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The protected income payment will be paid in the event the contract value is completely depleted due to market volatility and/or withdrawals taken within the feature’s parameters.

Depending on investment performance and your income needs, you may not need to rely on this optional insurance feature, which is available at contract issue for an additional fee rate of 1.10% of the Income Base (Single Life) or 1.35% (Joint Life). The fee rate is guaranteed for one year. After that time, it will be adjusted quarterly and may decrease or increase based on a predetermined,

non-discretionary formula. The minimum issue age for this feature is 65 and the maximum issue age is 80. Please see the enclosed product summary brochure and a prospectus for details regarding minimum and maximum fees, age restrictions and other limitations.

Contract and optional benefit guarantees are backed by the claims-paying ability of the issuing insurance company.

Please see page 20 for additional information, including important information concerning withdrawals.

Income Builder

Maximum Annual Withdrawal Amount

(as a percentage of your Income Base)

Protected Income Payment(as a percentage of your Income Base)

5.5% (5% Joint Life) 5.25% (4.75% Joint Life)

R5165CON.18 (9/15)

Protect assets for your loved ones with

Family protection

The Standard Death Benefit is automatically included in your contract at no additional cost. It provides the beneficiaries you name on your contract with the greater of contract value or purchase payments (adjusted for withdrawals).

If you would like to provide enhanced protection for the beneficiaries you’ve named, you can select the Maximum Anniversary Value Death Benefit that is available for an additional fee.

n “Lock in” investment gains with the Maximum Anniversary Value Death Benefit option. The maximum issue age for this option is 80. It is available for an additional fee rate of 0.25%.

The Maximum Anniversary Value Death Benefit provides your family with the greatest of:

1. contract value; or2. purchase payments (adjusted for withdrawals); or3. the highest value of your contract on any contract

anniversary prior to your 83rd birthday (adjusted for withdrawals and increased by purchase payments since that anniversary).

When calculating either of these death benefits, adjustments are made to account for additional purchase payments, withdrawals, and any charges applicable to withdrawals. The calculation will differ if an income protection option is elected. Please see “additional information” section below for details.

Choose the protection that’s right for you and your family

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Flexibility for your spouse and continued protection for your family

n Spousal continuation: If your spouse is the joint owner or sole beneficiary of your contract, the spousal continuation option allows your spouse to continue the contract rather than take the death benefit distribution. This option is available with either of the death benefits, at no additional cost.

If the spousal continuation option is chosen, the contract value is “stepped up” to equal the death

benefit value that would have been paid. Additionally, the death benefit available to the surviving spouse may continue to provide valuable protection for beneficiaries, depending on the spouse’s age at the time of spousal continuation.

Please see the prospectus to learn more about the contract’s death benefit and income protection feature limitations if spousal continuation is elected.

Additional information about death benefits, including definitions

n Contract value: The value of the contract at the time all required paperwork, including proof of death, is received.n Anniversary value: The contract value on each contract anniversary.n Purchase payments: The money you invest in your variable annuity, as well as any additional money you invest after your initial purchase. No

additional purchase payments are accepted on or after your 86th birthday.n Your age at the time your contract is issued will determine the availability of the Maximum Anniversary Value Death Benefit. Once elected,

this death benefit option may not be changed or cancelled. n If you are a spouse age 86 or older continuing a contract under spousal continuation, the contract’s death benefit will be equal to contract value.n If you elect an income protection option and take withdrawals before your 81st birthday that are within the maximum annual withdrawal

amount, the death benefit will be reduced by the amount withdrawn. If you do not elect an income protection option (or you elect an income protection option and take withdrawals on or after your 81st birthday), the death benefit is reduced for withdrawals in the same proportion that the withdrawal reduced the contract value on the date of your withdrawal. Please see the prospectus for additional details, including the adjustment for excess withdrawals taken with an income protection option.

n If your variable annuity contract is annuitized, the death benefit no longer applies. However, if you die during the annuity payout phase, your beneficiary may receive any remaining guaranteed income payments, depending upon which annuity payout option you selected.

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For more than two decades, Polaris Variable Annuities have been helping investors address their long-term retirement needs.

The life insurance companies that issue Polaris Variable Annuities, together with their sister life insurance company, are leading providers of variable annuities in the U.S. Together, these companies rank among the top six variable annuity issuers in the U.S. (Source: Morningstar. Ranking based on assets as of 6/30/15.)

Your financial advisor can help you determine if Polaris is right for you.

R5165CON.18 (9/15)

aig.com/annuities

This material must not be used without a Polaris product summary brochure; it cannot be used alone. Polaris Variable Annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance-licensed financial advisor or call 1-800-445-7862 to obtain a prospectus. Please read the prospectus carefully before investing.

Additional information about the SunAmerica Dynamic Allocation Portfolio

n Wilshire® is a registered service mark of Wilshire Associates Incorporated, Santa Monica, California. All other trade names, trademarks, and/or service marks are the property of their respective holders. Wilshire is not an affiliate of SunAmerica Asset Management, LLC or the insurance companies listed below.

Additional information about the SunAmerica Dynamic Strategy Portfolio

n Ibbotson provides consulting services to SunAmerica Asset Management, LLC but is not acting in the capacity of advisor to individual investors. The Ibbotson name and logo are either trademarks or service marks of Ibbotson Associates, Inc. Ibbotson Associates is not affiliated with SunAmerica Asset Management, LLC or the insurance companies listed below.

This material was prepared to support the marketing of Polaris Variable Annuities. Please keep in mind that American General Life Insurance Company, The United States Life Insurance Company in the City of New York, and their distributors and representatives may not give tax, accounting or legal advice. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. Such discussions generally are based upon the company’s understanding of current tax rules and interpretations. Tax laws are subject to legislative modification, and while many such modifications will have only a prospective application, it is important to recognize that a change could have retroactive effect as well. Please seek the advice of an independent tax advisor or attorney for more complete information concerning your particular circumstances and tax statements made in this material.

An investment in Polaris involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested. The purchase of Polaris is not required for, and is not a term of, the provision of any banking service or activity. Products and features may vary by state and may not be available in all states. We reserve the right to modify or no longer offer the features described in this brochure. However, once your contract is issued, these features will not change, except as described here and in the prospectus.

All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurance company.

Polaris Variable Annuities are issued by American General Life Insurance Company (AGL) except in New York, where they are issued by The United States Life Insurance Company in the City of New York (US Life). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862. AGL, US Life, and ACS are members of American International Group, Inc. (AIG).

© 2015 American International Group, Inc. Polaris® is a registered trademark. All rights reserved.

Contract form numbers:AGL: AG-803 (7/13) US Life: FS-993-PPIII (12/10), FS-993 (12/10),

FS-993-PPS4/PPS7 (12/10)

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Not FDIC or NCUA/NCUSIF Insured

May Lose Value • No Bank or Credit Union Guarantee Not a Deposit • Not Insured by any Federal Government Agency

Additional Investment Options & Investor Questionnaire

Available if an income protection feature is not elected

R5165CN1.9 (9/15)

Polaris offers you access to leading money managers, a broad range of individual variable portfolios and professionally designed asset allocation strategies.

n The investment choices described in this brochure are available if you do not elect an optional income protection feature. Your financial advisor can help you choose an investment allocation that’s right for you and your retirement needs.

n You may also use the Investor Questionnaire included in this brochure to help identify a Polaris Portfolio Allocator model consistent with your time horizon and tolerance for risk.

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2

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Additional information about investing in the variable portfolios

n While certain Polaris portfolios may be similar to other funds managed by the same investment adviser, this does not mean that a portfolio’s investment results will be comparable to the investment results of other similar funds, including other funds with the same investment adviser. The portfolios’ investment results will likely differ, and may be higher or lower than the investment results of other similar funds.

n Money managers, with the exception of SunAmerica Asset Management, LLC, are not affiliated with American General Life, US Life or American International Group, Inc. (AIG).

n Portfolios that invest in stocks and bonds are subject to risk, including stock market and interest rate fluctuations. Portfolios that invest in bonds are subject to changes in their value when prevailing interest rates change. Portfolios that invest in non-U.S. stocks and bonds, including emerging market investments, are subject to additional risks such as political and social instability, differing securities regulations and accounting standards, limited public information, plus special risks that may include foreign taxation, currency risks, risks associated with possible differences in financial standards, and other monetary and political risks associated with future political and economic developments.

n Investments that concentrate on one economic sector or geographic region are generally subject to greater volatility than more diverse investments. Portfolios that invest in technology companies are subject to additional risks and may be affected by short product cycles, aggressive pricing, competition from new market entrants and obsolescence of existing technology. Portfolio returns may be considerably more volatile than a portfolio that does not invest in technology companies.

n Portfolios that invest in small and mid-size company stocks are generally riskier and more volatile than portfolios that invest in larger, more established companies.

n Portfolios that invest in high-yield bonds may be subject to greater price swings than portfolios that invest in higher-rated bonds. The payment of interest and principal is not assured.

n Portfolios that invest in real estate investment trusts (REITs) involve risks such as refinancing, economic conditions in the real estate industry, changes in property values, dependency on real estate management, and other risks associated with a concentration in one sector or geographic region.

n Investments in securities related to gold and other precious metals and minerals are speculative and impacted by a host of worldwide economic, financial and political factors.

n Money market instruments generally offer stability and income, but an investment in these securities, like investments in other portfolios, is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. An investment in the Cash Management portfolio is subject to potential loss of principal; unlike certain money market instruments, the portfolio does not seek to maintain a net asset value of $1.

Leading Money Managers

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1 American Funds SAST Portfolios and the VCP Managed Asset Allocation SAST Portfolio invest in the American Funds Insurance Series, which has the same investment manager (Capital Research and Management Company) as American Funds. 2 These money managers may be available through the SunAmerica Dynamic Allocation Portfolio, the SunAmerica Dynamic Strategy Portfolio, and the Managed Allocation Portfolios offered in Polaris. 3 The American Funds SunAmerica Series Trust (“SAST”) portfolios (“Feeder Funds”) do not invest directly in individual securities; instead they invest all of their assets in corresponding funds (“Master Funds”) of the American Funds Insurance Series. 4 Investing in a Feeder Fund will result in higher fees and expenses than investing directly in a Master Fund. Please see the prospectus and Statement of Additional Information for more information regarding the master-feeder fund structure. 5 AIM Variable Insurance Funds (Invesco Variable Insurance Funds)—Series II Shares. 6 Lord Abbett Series Fund, Inc. 7 The VCP Managed Asset Allocation SAST Portfolio (“Feeder Fund”) does not invest directly in individual securities; instead it invests in shares of the American Funds Insurance Series® Managed Risk Asset Allocation FundSM (the “Master Fund”). In turn, the Master Fund invests in shares of an underlying fund, the American Funds Insurance Series® Asset Allocation Fund (the “Underlying Fund”), hedge instruments (primarily exchange-traded futures) and cash or cash equivalents. 8 The overall portfolio’s average level of exposure to the equity market is expected to be approximately 60% to 65% over the long term. However, the exposure will range from a minimum of 25% to a maximum of 100%. Please refer to the Polaris product brochure, along with the trust prospectus, for more information.

Asset Class

Polaris Portfolio

Money Manager

Large Growth

SA AB Growth American Funds Growth SAST 3,4 SA Marsico Focused Growth Blue Chip GrowthCapital Growth Fundamental Growth

AllianceBernstein L.P. Capital Research and Management Company Marsico Capital Management, LLC Massachusetts Financial Services CompanyThe Boston Company Asset Management, LLCWells Capital Management Incorporated

Large Core SA MFS® Massachusetts Investors Trust Equity Opportunities

Massachusetts Financial Services Company

OppenheimerFunds, Inc.

Large Value

SA Legg Mason BW Large Cap ValueAmerican Funds Growth-Income SAST 3,4 Invesco V.I. Comstock Fund 5 Invesco V.I. Growth and Income Fund 5

Growth-Income Lord Abbett Growth and Income6 “Dogs” of Wall Street

Brandywine Global Investment Management, LLCCapital Research and Management Company Invesco Advisers, Inc. Invesco Advisers, Inc. J.P. Morgan Investment Management Inc.Lord, Abbett & Co. LLC SunAmerica Asset Management, LLC

Small and Mid Cap

Small & Mid Cap Value Small Company Value Growth OpportunitiesMid-Cap Growth Aggressive Growth

AllianceBernstein L.P. Franklin Advisory Services, LLC Invesco Advisers, Inc.

J.P. Morgan Investment Management Inc. Wells Capital Management Incorporated

Multi CapInvesco V.I. American Franchise Fund 5 Capital Appreciation Growth

Invesco Advisers, Inc. Wellington Management Company LLP Wellington Management Company LLP

SpecialtyTechnology Telecom Utility Real Estate Natural Resources

Columbia Management Investment Advisers, LLC Massachusetts Financial Services CompanyPyramis Global Advisors, LLC Wellington Management Company LLP

Foreign and Global Stock

American Funds Global Growth SAST 3,4

Global Equities International Diversified Equities International Growth and Income Foreign Value

Capital Research and Management Company J.P. Morgan Investment Management Inc. Morgan Stanley Investment Management Inc. Putnam Investment Management, LLC Templeton Investment Counsel, LLC

Emerging Markets Emerging Markets J.P. Morgan Investment Management Inc.

Balanced

American Funds Asset Allocation SAST 3,4

VCP Managed Asset Allocation SAST Portfolio® 4,7 Asset Allocation Franklin Income VIP Fund Franklin Founding Funds Allocation VIP Fund VCP Value® PortfolioBalanced SA MFS® Total ReturnVCP Total Return Balanced® PortfolioManaged Allocation BalancedManaged Allocation Growth Managed Allocation ModerateManaged Allocation Moderate GrowthSunAmerica Dynamic Allocation Portfolio® 8

SunAmerica Dynamic Strategy Portfolio® 8

Capital Research and Management Company Capital Research and Management Company Edge Asset Management, Inc. Franklin Advisers, Inc. Franklin Templeton Services, LLC Invesco Advisers, Inc.J.P. Morgan Investment Management Inc. Massachusetts Financial Services CompanyPacific Investment Management Company LLCSunAmerica Asset Management, LLCSunAmerica Asset Management, LLC SunAmerica Asset Management, LLCSunAmerica Asset Management, LLCSunAmerica Asset Management, LLC SunAmerica Asset Management, LLC

Corporate/ Govt. Bond

Corporate Bond Global BondSA JPMorgan MFS® Core Bond Government and Quality Bond Real Return

Federated Investment Management Company Goldman Sachs Asset Management InternationalJ.P. Morgan Investment Management Inc./Massachusetts Financial Services Company Wellington Management Company LLP Wellington Management Company LLP

High-Yield Bond High-Yield Bond PineBridge Investments, LLC

Money Market Cash Management BofA Advisors, LLC

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Investor Questionnaire

n The following Investor Questionnaire is educational in nature and designed to help you evaluate investment considerations, including your time horizon and tolerance for risk.

n To use the questionnaire, developed by Ibbotson Associates, Inc.—a recognized leader in asset allocation for more than three decades—simply answer each question and total your scores where indicated.

Assess your time horizon and tolerance for risk

Investment Time Horizon Section — 2 Questions POINTS

1. In how many years will you begin to withdraw funds from this account? a. Less than 1 (0 points) c. 3–4 (3 points) e. 8–10 (9 points) b. 1–2 (1 point) d. 5–7 (6 points) f. 11 years or more (11 points)

2. Once you start taking funds out of your account, over how many years will you continue to withdraw funds? a. Lump sum withdrawal (0 points) c. 5–7 (4 points) e. More than 11 (6 points) b. 1– 4 (2 points) d. 8–10 (5 points)

Investment Time Horizon Score

Risk Tolerance Section—8 Questions POINTS

1. By keeping pace with inflation, investors can maintain the purchasing power of their money over time. This means that your money will be able to purchase the same basket of goods year after year, even though prices have increased. Generally, higher returns can only be achieved by accepting greater risk. Which of the following choices best reflects your attitude toward inflation and risk?

a. My main goal is to avoid loss, even though I may only keep pace with inflation. (0 points)b. My main goal is to earn slightly more than inflation, while taking on a low level of risk. (5 points)c. My main goal is to increase my portfolio’s value. Therefore, I am willing to accept short-term losses, but

I am not comfortable with extreme performance shifts that may be experienced in the most aggressive investment options. (9 points)

d. My main goal is to maximize my portfolio value, and I am willing to take on extreme levels of risk and performance shifts in my portfolio to do so. (14 points)

2. The following chart shows the possible outcomes (best, average, and worst) of year-end account values (net of fees) of four hypothetical investment portfolios.

The initial investment into each portfolio was $20,000. Which portfolio would you be most comfortable owning?

a. Portfolio A (0 points) b. Portfolio B (4 points) c. Portfolio C (7 points) d. Portfolio D (12 points)

3. Markets have experienced large price swings and extended price drops throughout history. Suppose you owned a portfolio that fell by 20% over a 3-month period. Assuming you still have 10 years until you begin making withdrawals from this account, how would you react?

a. I would immediately change my portfolio. (0 points)b. I would wait at least 6 months before adjusting my portfolio. (3 points)c. I would wait at least 1 year before adjusting my portfolio. (6 points)d. I would not change my investment strategy. (10 points)

$30,000

$27,500

$25,000

$22,500

$20,000

$17,500

$15,000

$12,500

$10,000

A B C D

$26,000

$15,000

$27,000

$13,500

$28,000

$12,500

$30,000

$10,500

Dashedline

representsAverageOutcome

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4. The following table presents the probable chance of experiencing a loss and probable dollar gain for a $100,000 investment in four hypothetical portfolios over a one-year holding period. Based on the information provided below, which of the following portfolios would you select for your account?

Portfolio A Portfolio B Portfolio C Portfolio D

Chance of Experiencing a Loss (%) 29% 31% 32% 34%

Probable Dollar Gain ($) $5,000 $6,000 $7,000 $8,000

a. Portfolio A (0 points) b. Portfolio B (4 points) c. Portfolio C (7 points) d. Portfolio D (12 points)

5. Investors must be comfortable with the amount of risk associated with short periods (i.e., one year), even if they have a long investment horizon. The following three hypothetical graphs represent three different ways in which your money can be invested. The graphs show the returns of each investment from year to year. Which investment would you choose?

6. The table below shows the characteristics of four hypothetical portfolios over the next 30 years. Given your investment objectives, in which of these hypothetical portfolios would you feel most comfortable investing?

a. Portfolio A (0 points) b. Portfolio B (4 points) c. Portfolio C (7 points) d. Portfolio D (12 points)

7. Investment decisions are generally determined by a risk-return tradeoff. Risk is any possibility of loss to the value of your portfolio. Return is the amount earned or profit on an investment. How would you respond to the following statement?

8. The degree to which the value of a portfolio rises and falls is called volatility. Generally, assets that exhibit higher volatility also have higher returns. Investments are risky, however, because there is no guarantee that the upturns in your portfolio will be greater than the downturns. Which of the following best describes how you feel about the amount of volatility you are willing to accept?

a. Little—I would rather have small returns than risk losing any money. (0 points)

b. Some—I would like to achieve higher returns over time and can withstand an occasional, large downturn in the value of my portfolio. (6 points)

c. Considerable—My main goal is to achieve high returns over time and I can endure substantial losses in order to do so. (12 points)

Risk Tolerance Score

You can use the table on the next page to identify the Polaris Portfolio Allocator model that best matches your two total scores.

a. Portfolio A (0 points) b. Portfolio B (7 points) c. Portfolio C (14 points)

1 Year 1 Year 1 Year

Portfolio A Portfolio B Portfolio C60%

40%

20%

0%

-20%

-40%

60%

40%

20%

0%

-20%

-40%

60%

40%

20%

0%

-20%

-40%

% R

etur

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POINTS

Protecting my portfolio from loss is more important to me than achieving high returns.

Primary concern is minimizing risk

a. Strongly

Agree(0 points)

b. Agree

(4 points)

c. Risk & Return are equally important

(8 points)

d. Disagree

(11 points)

e. Strongly Disagree(14 points)

Primary concern is

maximizing return

Probable Average Annual Return

Probable Number of Years with Negative Returns

Potential Worst Annual Return

Portfolio A 5% 9 -16%

Portfolio B 6% 10 -18%

Portfolio C 7% 11 -22%

Portfolio D 8% 12 -28%

Your Total Time Horizon Score: (Circle the appropriate range below)

3 – 5 6 –7 8 –10 11+

Your Total Risk Tolerance Score:

15 – 37 1 1 1 1

38 – 60 1 2 2 2

(Circle the appropriate range on the right)

61– 83 1 2 3 3

84 –100 1 2 3 4

Target Allocations: Fixed Income/Stocks

n Model 1: 50%/50% n Model 2: 40%/60% n Model 3: 30%/70% n Model 4: 10%/90%

Find the strategy that matches your score

Additional information about Polaris Portfolio Allocator models

nYou may invest in only one model at a time. If you attempt to invest in more than one model at a time, your investment may no longer be consistent with the model’s investment objectives.

nYou may make additional investments in other portfolios if they are not included in the model you’ve selected. nYou may withdraw money from your model according to the provisions of your Polaris contract. Early withdrawals may be subject to

withdrawal charges and an additional 10% federal tax may apply to amounts withdrawn prior to age 59½. The amount you request will be proportionally withdrawn from each of the allocations in your contract unless you direct us differently. If you make a withdrawal from specific portfolios in a model that changes the existing percentages, your investment may no longer be consistent with the model’s intended objectives.

nAsset allocation models may not be appropriate if you are interested in directing your own investments. nWhile certain Polaris portfolios may be included in a Polaris Portfolio Allocator model, this does not mean that these portfolios are

superior to any other portfolio not included in a model. nPolaris Portfolio Allocator models are not intended to provide investment advice. They should not be relied upon as providing

individualized investment recommendations. The models are considered “static” because the portfolios and the percentages of contract value allocated to each portfolio within a model will not be changed by us. To maintain the target asset allocation of a model, you can elect to have your investment rebalanced quarterly, semiannually, or annually. Please note that due to market returns and other factors, over time the asset allocation models may no longer align with their original investment objective. You should consult your financial advisor from time to time to review whether the model allocation you have selected is still appropriate for you. We reserve the right to change or cancel this program at any time.

Investor Questionnaire: Results

n Enter your scores from the Investor Questionnaire on the lines below. Follow the column and row to where your two scores meet to find the asset allocation strategy that best matches your score. The number identified refers to the corresponding Polaris Portfolio Allocator model.

n If your time horizon score is less than 3 or your risk tolerance score is less than 15, a more conservative approach may be appropriate. Your financial advisor can help you evaluate the Polaris Portfolio Allocator model, or alternative choices, to help ensure that it meets your specific financial situation.

n A Polaris Portfolio Allocator model can serve as a guide when designing your investment allocation. The models generally comprise a mix of stock and fixed income asset classes.

n These situations are different for each client and should not be taken as a direct recommendation. Your needs and the suitability of an annuity product should be carefully considered prior to investing.

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Take advantage of the potential benefits of asset allocation

Polaris Portfolio Allocator Models

MFS® Massachusetts Investors Trust 100

American Funds Growth-Income SAST 100

Growth-Income (J.P. Morgan) 40

Invesco Van Kampen V.I. Comstock 70

Invesco Van Kampen V.I. Growth and Income 55

Small & Mid Cap Value (AllianceBernstein) 100

Small Company Value 75

Mid-Cap Growth (J.P. Morgan) 30

Growth Opportunities (Invesco) 50

Capital Appreciation (Wellington) 100

Multi-Cap Growth 75

Real Estate (Davis) 100

American Funds Global Growth SAST 100

Foreign Value (Templeton) 50

International Diversified Equities (Van Kampen) 75

Emerging Markets (Putnam)

Corporate Bond (Federated) 100

Global Bond (Goldman Sachs) 80

Total Return Bond (PIMCO) 60  

Government and Quality Bond (Wellington) 40

Real Return 20

High-Yield Bond (AIG SunAmerica Asset Mgmt) 100

 American Funds Growth 100

Marsico Focused Growth 80

Capital Growth 50

Blue Chip Growth 65

Davis Venture Value 85

Equity Opportunities 75

Lord Abbett Growth and Income N/A

“Dogs” of Wall Street (SAAMCO) 30

MFS® Massachusetts Investors Trust 100

American Funds Growth-Income SAST 100

Growth-Income (J.P. Morgan) 40

Invesco Van Kampen V.I. Comstock 70

Invesco Van Kampen V.I. Growth and Income 55

Small & Mid Cap Value (AllianceBernstein) 100

Small Company Value 75

Mid-Cap Growth (J.P. Morgan) 30

Growth Opportunities (Invesco) 50

Capital Appreciation (Wellington) 100

Multi-Cap Growth 75

Real Estate (Davis) 100

American Funds Global Growth SAST 100

Foreign Value (Templeton) 50

International Diversified Equities (Van Kampen) 75

Emerging Markets (Putnam)

High-Yield Bond (AIG SunAmerica Asset Mgmt) 100

 American Funds Growth 100

Marsico Focused Growth 80

Capital Growth 50

Blue Chip Growth 65

Davis Venture Value 85

Equity Opportunities 75

Lord Abbett Growth and Income N/A

“Dogs” of Wall Street (SAAMCO) 30

Corporate Bond (Federated) 100

Global Bond (Goldman Sachs) 80

Total Return Bond (PIMCO) 60  

Government and Quality Bond (Wellington) 40

Real Return 20

MFS® Massachusetts Investors Trust 100

American Funds Growth-Income SAST 100

Growth-Income (J.P. Morgan) 40

Invesco Van Kampen V.I. Comstock 70

Invesco Van Kampen V.I. Growth and Income 55

Small & Mid Cap Value (AllianceBernstein) 100

Small Company Value 75

Mid-Cap Growth (J.P. Morgan) 30

Growth Opportunities (Invesco) 50

Capital Appreciation (Wellington) 100

Multi-Cap Growth 75

Real Estate (Davis) 100

American Funds Global Growth SAST 100

Foreign Value (Templeton) 50

International Diversified Equities (Van Kampen) 75

Emerging Markets (Putnam)

High-Yield Bond (AIG SunAmerica Asset Mgmt) 100

 American Funds Growth 100

Marsico Focused Growth 80

Capital Growth 50

Blue Chip Growth 65

Davis Venture Value 85

Equity Opportunities 75

Lord Abbett Growth and Income N/A

“Dogs” of Wall Street (SAAMCO) 30

Corporate Bond (Federated) 100

Global Bond (Goldman Sachs) 80

Total Return Bond (PIMCO) 60  

Government and Quality Bond (Wellington) 40

Real Return 20

MFS® Massachusetts Investors Trust 100

American Funds Growth-Income SAST 100

Growth-Income (J.P. Morgan) 40

Invesco Van Kampen V.I. Comstock 70

Invesco Van Kampen V.I. Growth and Income 55

Small & Mid Cap Value (AllianceBernstein) 100

Small Company Value 75

Mid-Cap Growth (J.P. Morgan) 30

Growth Opportunities (Invesco) 50

Capital Appreciation (Wellington) 100

Multi-Cap Growth 75

Real Estate (Davis) 100

American Funds Global Growth SAST 100

Foreign Value (Templeton) 50

International Diversified Equities (Van Kampen) 75

Emerging Markets (Putnam)

High-Yield Bond (AIG SunAmerica Asset Mgmt) 100

 American Funds Growth 100

Marsico Focused Growth 80

Capital Growth 50

Blue Chip Growth 65

Davis Venture Value 85

Equity Opportunities 75

Lord Abbett Growth and Income N/A

“Dogs” of Wall Street (SAAMCO) 30

Corporate Bond (Federated) 100

Global Bond (Goldman Sachs) 80

Total Return Bond (PIMCO) 60  

Government and Quality Bond (Wellington) 40

Real Return 20

n Polaris Portfolio Allocator models are developed by Ibbotson Associates, Inc. You can use a model and its allocation as a guide when designing your investment allocation or you may build your own allocation with the help of your financial advisor.

n Keep in mind, while diversification and asset allocation are both proven investment strategies, they can’t guarantee greater or more consistent returns and they can’t protect against loss.

Model 1 Model 2 Model 3 Model 4Suggested Target Allocation: Fixed Income/Stocks 50%/ 50% 40%/ 60% 30% / 70% 10% / 90%

American Funds Growth SAST 3,4 2% 2% 2% 2%

SA Marsico Focused Growth 1% 2% 3% 4%

Blue Chip Growth (Massachusetts Financial Services Company) 2% 2% 2% 4%

Capital Growth (The Boston Company Asset Management, LLC) 2% 3% 3% 4%

SA MFS® Massachusetts Investors Trust 7% 7% 7% 8%

Equity Opportunities (OppenheimerFunds, Inc.) 2% 3% 4% 6%

SA Legg Mason BW Large Cap Value (Brandywine Global

Investment Management, LLC)4% 4% 4% 5%

American Funds Growth-Income SAST 3,4 — — 1% 5%

Invesco V.I. Comstock Fund5 6% 6% 7% 8%

Invesco V.I. Growth and Income Fund5 6% 7% 8% 8%

Growth-Income (J.P. Morgan Investment Management Inc.) 5% 6% 7% 8%

“Dogs” of Wall Street (SunAmerica Asset Management, LLC) 3% 3% 3% 5%

Small & Mid Cap Value (AllianceBernstein L.P.) 2% 2% 2% 2%

Small Company Value (Franklin Advisory Services, LLC) — 2% 2% 1%

Capital Appreciation (Wellington Management Company LLP) 2% 3% 4% 5%

Real Estate (Pyramis Global Advisors, LLC) — — — 1%

American Funds Global Growth SAST 3,4 2% 2% 3% 6%

International Diversified Equities (Morgan Stanley Investment

Management Inc.)2% 2% 3% 3%

Foreign Value (Templeton Investment Counsel, LLC) 2% 3% 3% 3%

Emerging Markets (J.P. Morgan Investment Management Inc.) — 1% 2% 2%

Corporate Bond (Federated Investment Management Company) 10% 8% 7% 1%

Global Bond (Goldman Sachs Asset Management International) 4% 4% 2% 2%

SA JPMorgan MFS® Core Bond 15% 12% 10% 5%

Government and Quality Bond (Wellington Management Company LLP) 10% 9% 7% 2%

Real Return (Wellington Management Company LLP) 7% 4% 2% —

High-Yield Bond (PineBridge Investments, LLC) 4% 3% 2% —

Actual allocation may differ from the target allocation. Lower Risk/Reward Higher

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This material must not be used without a Polaris Variable Annuity product brochure; it cannot be used alone. Variable annuities are sold by prospectus only. The prospectus contains the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing. Please contact your insurance-licensed financial advisor or call 1-800-445-7862 to obtain a prospectus. Please read the prospectus carefully before investing.

Additional information about the Investor Questionnaire and Polaris Portfolio Allocator models

nThe Investor Questionnaire is intended to assist you in identifying your general attitude towards investment risk based on your responses to the questions. It does not consider other important factors, such as your financial resources, personal situation, investment goals, tax situation and other relevant factors. The portfolios used in the questionnaire are hypothetical; they are not based on an actual investment in a specific portfolio. The portfolios are for illustrative purposes only and do not represent past or future performance of any specific investment or portfolio. The Polaris Portfolio Allocator models and Investor Questionnaire are designed and licensed by Ibbotson Associates, Inc. (“Ibbotson”). These materials are provided for educational purposes only and should not be considered investment advice. Ibbotson does not endorse and/or recommend specific financial products that may be used in conjunction with the models and questionnaire. Please consult your financial advisor for assistance in developing a portfolio specific to your needs and objectives before investing.

nThe Investor Questionnaire is not approved for use with participants in group retirement plans governed by ERISA.

The Managed Allocation Portfolios’ investment adviser, SunAmerica Asset Management, LLC (“SAAMCo”), has chosen Wilshire Funds Management to serve as a consultant to the Managed Allocation Portfolios. Wilshire Funds Management is the global investment unit of Wilshire Associates Incorporated. Wilshire is a registered service mark of Wilshire Associates Incorporated, Santa Monica, California. Wilshire is not an affiliate of SunAmerica Asset Management, LLC or the insurance companies listed below.

Annuities are long-term investments designed for retirement. Early withdrawals may be subject to withdrawal charges. Partial withdrawals may reduce benefits available under the contract, as well as the amount available upon a full surrender. Withdrawals of taxable amounts are subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. An investment in Polaris involves investment risk, including possible loss of principal. The contract, when redeemed, may be worth more or less than the total amount invested.

All contract and optional benefit guarantees, including any fixed account crediting rates or annuity rates, are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer from which this annuity is purchased, by the insurance agency from which this annuity is purchased or any affiliates of those entities and none makes any representation or guarantees regarding the claims-paying ability of the issuing insurance company.

Polaris Variable Annuities, form number AG-803 (7/13), are issued by American General Life Insurance Company (AGL). In New York, Polaris Variable Annuities, form numbers FS-993-PPIII (12/10), FS-993 (12/10) and FS-993-PPS4/PPS7 (12/10), are issued by The United States Life Insurance Company in the City of New York (US Life). Distributed by AIG Capital Services, Inc. (ACS), Member FINRA, 21650 Oxnard Street, Suite 750, Woodland Hills, CA 91367-4997, 1-800-445-7862. AGL, US Life and ACS are members of American International Group, Inc. (AIG).

© 2015 American International Group, Inc. Polaris® is a registered trademark. All rights reserved.

© 2015 Ibbotson Associates, Inc.

1-800-445-7862aig.com/annuities