What is the VALIC fixed interest option?
The Fixed-Interest Option from VALIC is a group unallocated fixed annuity contract that is designed for the participant who has concerns about asset protection and desires to allocate all or a portion of their assets to a product that provides a guarantee against the loss of principal in the state of New York.
What is an annuity prospectus?
The prospectus contains important information about the annuity contract, including fees and charges, invest- ment options, death benefits, and annuity payout options. You should compare the benefits and costs of the annuity to other variable annuities and to other types of invest- ments, such as mutual funds.
What fees does VALIC charge?
VALIC Financial Advisors, Inc. (VFA) Fee Schedule
| Financial Transaction | Fee Structure |
|---|---|
| Exchanges (same fund family) | No fee |
| PIPs/SWPs | No fee for load funds, $10 fee for no-load funds |
| Equities | |
| Buying unlisted and non-NASDAQ stocks worth less than $5 is prohibited. | $45 flat commission for buys, $20 sells |
Is a variable annuity sold with a prospectus?
Variable annuities and their underlying fund investments are sold by prospectus only. The prospectuses contain the investment objectives, risks, fees, charges, expenses and other information regarding the contract and underlying funds, which should be considered carefully before investing.
Do annuities require a prospectus?
The new rule permits variable annuity and variable life insurance contracts to use a summary prospectus to provide disclosures to investors. A summary prospectus is a concise, reader-friendly summary of key facts about the contract.
What is the difference between a fixed annuity and a variable annuity?
A fixed annuity guarantees payment of a set amount for the term of the agreement. It can’t go down (or up). A variable annuity fluctuates with the returns on the mutual funds it is invested in. Its value can go up (or down).
Do all annuities require a prospectus?
While a prospectus is generally not required, some insurance companies issue fixed annuity prospectuses. Other insurance companies provide detailed fixed annuity contract information in a brochure, or other format. An annuity prospectus is generally a long document.
Do fixed annuities have a prospectus?
Issuers of fixed annuity contracts do not have to file securities registration statements or provide a prospectus to a potential purchaser.
What is an example of a fixed annuity?
A life insurance policy is an example of a fixed annuity in which an individual pays a fixed amount each month for a pre-determined time period (typically 59.5 years) and receives a fixed income stream during their retirement years.