EXHIBIT 4(f)(i)
AMERICAN GENERAL LIFE
INSURANCE COMPANY
Unless otherwise directed by the Owner, we will pay a monthly income to the
Annuitant if living on the Annuity Commencement Date. The dollar amounts of
such payments will be determined on the basis of the provisions of this
Contract. The first payment will be payable on the Annuity Commencement Date.
Subsequent payments will be payable on the corresponding day of each month
thereafter in accordance with the provisions of this Contract.
ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE
INVESTMENT EXPERIENCE OF A SEPARATE ACCOUNT ARE VARIABLE, MAY INCREASE OR
DECREASE AND ARE NOT GUARANTEED AS TO AMOUNT. SEE THE "SEPARATE ACCOUNT" AND
"VARIABLE ANNUITY PAYMENTS" PROVISIONS IN THIS CONTRACT.
CANCELLATION RIGHT. You may return this Contract for cancellation to us or to
the sales representative through whom it was purchased, within 10 days after
delivery. Upon surrender of this Contract within the 10 day period, we will
refund the sum of your Account Value at the end of the Valuation Period in
which your request is received, plus any premium taxes and Annual Contract Fee
that have been deducted.
This is a FLEXIBLE PAYMENT VARIABLE and FIXED INDIVIDUAL DEFERRED ANNUITY
CONTRACT. NONPARTICIPATING -- NOT ELIGIBLE FOR DIVIDENDS.
SIGNED AT THE HOME OFFICE ON THE DATE OF ISSUE.
/s/ /s/
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Secretary President
READ YOUR CONTRACT CAREFULLY
[American General Logo]
A STOCK COMPANY
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A Subsidiary of American General Corporation
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Home Office: Houston, Texas
2727-A Xxxxx Parkway P.O. Box 1401 Houston, TX 77251-1401 (000) 000-0000
INDEX
PAGE
Account Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Allocation of Purchase Payments. . . . . . . . . . . . . . . . . . . . . . 7
Annuity Options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Annuity Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Annuity Units. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
Beneficiary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Change of Investment Advisor or
Investment Policy . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Contingent Annuitant . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Contract Fee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Death Proceeds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Definitions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Division Accumulation Units. . . . . . . . . . . . . . . . . . . . . . . . 11
Divisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Fixed Account Value. . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
General Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Guaranteed Interest Rates. . . . . . . . . . . . . . . . . . . . . . . . . 10
Guarantee Periods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Net Investment Factor. . . . . . . . . . . . . . . . . . . . . . . . . . . 11
One-Time Reinstatement Privilege. . . . . . . . . . . . . . . . . . . . . 15
Ownership Provisions . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Payment of Benefits. . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
Premium Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Purchase Payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Schedule Page. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Separate Account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Surrenders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Full Surrender . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Partial Withdrawals. . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
Surrender Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
Surrender Charge Exceptions. . . . . . . . . . . . . . . . . . . . . . . . 14
Ten Percent Free Withdrawal Privilege. . . . . . . . . . . . . . . . . . . 15
Tax Charge . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Transfers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
Variable Annuity Payments. . . . . . . . . . . . . . . . . . . . . . . . . 19
Page 2
[Sierra Advantage II]
issued by
American General Life Insurance Company
SCHEDULE PAGE
INITIAL PURCHASE PAYMENT: $5,000
MINIMUM ADDITIONAL PURCHASE PAYMENTS: $ 100
ADDITIONAL BENEFITS: NONE
MAXIMUM ASSET CHARGE FACTORS (Separate Account Only) ANNUAL RATE: 1.40%
MAXIMUM ANNUAL CONTRACT FEE: $ 35
TRANSFER CHARGE (After first 12 in a Contract Year): $ 25
ISSUE AGE: 35
ANNUITY COMMENCEMENT DATE: JANUARY 1, 2027
[INITIAL ALLOCATION:
NET DOLLAR
AMOUNT OF
PERCENTAGE ALLOCATIONS
Capital Growth Portfolio 100% $ 5,000
Growth Portfolio xx% $ xxx
Balanced Portfolio xx% $ xxx
Value Portfolio xx% $ xxx
Income Portfolio xx% $ xxx
Global Money Fund xx% $ xxx
Fixed Account
1 Year Guarantee Period xx% $ xxx
DCA Fixed Account xx% $ xxx
---- --------
TOTAL ALLOCATIONS 100% $ 5,000]
ANNUITANT: XXXX XXX CONTRACT NUMBER: 123456
CONTRACT OWNER: XXXX XXX DATE OF ISSUE: JANUARY 1, 1997
CONTRACT JURISDICTION: (STATE NAME)
Page 3
DEFINITIONS
"WE", "OUR", "US", OR "COMPANY". American General Life Insurance Company.
YOU, YOUR, OWNER. The Owner of this Contract. The "Owner" is the person,
persons or entity entitled to the ownership rights stated in this Contract.
The Owner may designate a trustee or custodian of a retirement plan which
meets the requirements of Section 401, Section 408(c), or Section 408(k) of
the Internal Revenue Code to serve as legal owner of assets of a retirement
plan, but the term "Owner" as used herein, shall refer to the organization
entering into this Contract.
ACCOUNT. Any of the Divisions or the Fixed Account.
Account Value. The sum of the Fixed Account Value and the Separate Account
Value after deduction of any fees. The Fixed Account Value is the sum of Net
Purchase Payments and transfers into the Fixed Account, plus accumulated
interest, less any partial withdrawals and transfers out of the Fixed Account.
The Separate Account Value is the sum of the values of the Separate Account
Divisions. The value of a Separate Account Division is the value of a
Division's Accumulation Unit multiplied by the number of Accumulation Units in
that Division.
ACCUMULATION PERIOD. The period during which Net Purchase Payments are
applied.
ACCUMULATION UNIT. An accounting unit of measure used to calculate the value
of a Division of this Contract before annuity payments begin.
AGE. Age last birthday unless otherwise stated.
ANNUITANT. The person upon whose date of birth income payments are based. The
Annuitant's name is shown on Page 3.
ANNUITY UNIT. A unit of measurement to calculate variable annuity payments.
BENEFICIARY. The person entitled to receive benefits in the event the Owner or
Annuitant dies. If no named Beneficiary is living at the time any payment is
to be made, the Owner shall be the Beneficiary, or if the Owner is not living,
the Owner's estate shall be the Beneficiary.
CONTINGENT ANNUITANT. A person named by the Owner of a Non-Qualified contract
to become the Annuitant if: (1) the Annuitant dies before the Annuity
Commencement Date; and (2) the Contingent Annuitant is then living. A
Contingent Annuitant may not be named except at the time of application. Once
named, the choice may not be revoked or replaced. If a Contingent Annuitant
dies, a new Contingent Annuitant may not be named. After Annuity Payments
start, a Contingent Annuitant may not become the Annuitant.
CONTINGENT BENEFICIARY. A person named by the Owner to receive benefits in the
event a designated Beneficiary is not living at the time of the Owner's or
Annuitant's death.
CONTRACT YEAR. A period of 12 consecutive months beginning on the Date of
Issue or any anniversary thereof.
CONTRACT ANNIVERSARY. Each anniversary of the Date of Issue of this Contract.
DATE OF ISSUE. The date on which this Contract becomes effective as shown on
Page 3.
DIVISION. The subdivisions of the Separate Account which are used to determine
how the Owner's Account is allocated among the Variable Funds.
FIXED ANNUITY OPTION. An Annuity Option with payments which do not vary with
investment performance as to dollar amount.
GUARANTEE PERIOD. The period for which a Guaranteed Interest Rate is
credited.
Page 4
GUARANTEED INTEREST RATE. The minimum rate we may use to credit interest on an
effective annual basis during any Guarantee Period.
HOME OFFICE. Our office at 0000-X Xxxxx Xxxxxxx, Xxxxxxx, Xxxxx 00000;
0-000-000-0000; Mailing Address P.O. Box 1401, Houston, Texas 77251-1401.
ISSUE AGE. Age last birthday on the Date of Issue. (If the Date of Issue
occurs on the Annuitant's birthday, "last birthday" will mean the birthday
occurring on the Date of Issue).
NET ASSET VALUE PER SHARE. The net assets of a Variable Fund divided by the
number of shares in the Variable Fund.
NET PURCHASE PAYMENT. The gross amount of a Purchase Payment less any Premium
Taxes deducted at the time a Purchase Payment is made.
NON-QUALIFIED CONTRACT. A Contract that does not qualify for the special
federal income tax treatment applicable in connection with certain retirement
plans.
OWNER'S ACCOUNT. An account established for each Owner to which each Purchase
Payment is credited.
PAYOUT PERIOD. The period, starting with the Annuity Commencement Date, during
which Annuity Payments are made by the Company.
PREMIUM TAX. The amount of tax, if any, charged by a state or municipality on
Purchase Payments or Contract values.
PURCHASE PAYMENT. An amount paid to the Company as consideration for the
benefits described herein.
QUALIFIED CONTRACT. A Contract that is qualified for the special federal
income tax treatment applicable in connection with certain retirement plans.
SEPARATE ACCOUNT. A segregated investment account entitled "Separate Account
D" established by the Company to separate the assets funding the variable
benefits for the class of contracts to which this Contract belongs from the
other assets of the Company. That portion of the assets of the Separate
Account equal to the reserves and other contract liabilities with respect to
the Separate Account shall not be chargeable with liabilities arising out of
any other business we may conduct. Income, gains and losses, whether or not
realized, from assets allocable to the Separate Account, are credited to or
charged against such account without regard to our other income, gains or
losses.
UNIT VALUE. The value of: (1) an Accumulation Unit as described in the
"Division Accumulation Units" provision; or (2) an Annuity Unit as described
in the "Annuity Units" provision.
VALUATION DATE. Any day on which we are open for business except, with respect
to any Division, a day on which the related Variable Fund does not value its
shares.
VALUATION PERIOD. The period that starts at the close of regular trading on
the New York Stock Exchange on a Valuation Date and ends at the close of
regular trading on the Exchange on the next Valuation Date.
VARIABLE ANNUITY OPTION. An Annuity Option under which we promise to pay the
Annuitant or other properly-designated Payee one or more payments which vary
in amount in accordance with the net investment experience of the applicable
Divisions selected to measure the value of this Contract.
VARIABLE FUND. An individual investment fund or series in which a Division
invests.
WRITTEN, IN WRITING. A written request or notice in acceptable form and
content, which is signed and dated, and received at our Home Office. 97010
Page 5
GENERAL PROVISIONS
ENTIRE CONTRACT This Contract, endorsements if any, and a copy of the
Application, if attached, is the entire Contract. All
statements made by the Contract Owner or Annuitant
will be deemed representations and not warranties. No
statement will be used to reduce a claim under this
Contract unless it is in writing and made a part of
this Contract.
NOT CONTESTABLE This Contract is not contestable.
GUARANTEES Subject to the Net Investment Factor provision of
this Contract, we guarantee that the dollar amount of
Variable Annuity Payments made during the lifetime of
the Payee(s) will not be adversely affected by our
actual mortality experience or by the actual expenses
incurred by us in excess of the expense deductions
provided for in this Contract. Settlement All
benefits under this Contract are payable from our
Home Office.
NONPARTICIPATING This Contract is nonparticipating and does not share
in our surplus or earnings.
CHANGE OF INVESTMENT Unless otherwise required by law or regulation, the
ADVISOR OR INVESTMENT investment advisor or any investment policy may not
POLICY be changed without our consent. If required, approval
of or change of any investment objective will be
filed with the Insurance Department of the state
where this Contract is delivered. You will be
notified of any material investment policy change
which has been approved. Notification of an
investment policy change will be given in advance to
those Owners who have the right to comment on or vote
on such change.
Any substitution of the underlying investments of any
Division will comply with all applicable requirements
of the Investment Company Act of 1940 and rules
thereunder.
RIGHTS RESERVED Upon notice to you, this Contract may be modified by
BY US us, but only if such modification is necessary to:
(1) Operate the Separate Account in any form
permitted under the Investment Company Act of
1940 or in any other form permit- xxx by law;
(2) Transfer any assets in any Division to another
Division, or to one or more other separate
accounts, or to the Fixed Account;
(3) Add, combine or remo ve Divisions in the Separate
Account, or combine the Separate Account with
another separate account;
(4) Add, restrict or remove Guarantee Periods of the
Fixed Account;
(5) Make any new Division available to you on a basis
to be determined by us;
(6) Substitute for the shares held in any Division,
the shares of another Variable Fund or the shares
of another investment company or any other
investment permitted by law;
(7) Make any changes as required by the Internal
Revenue Code or by any other applicable law,
regulation or interpretation in order to continue
treatment of this Contract as an annuity; or
(8) Make any changes required to comply with rules of
any Variable Fund.
Page 6
When required by law, we will obtain your approval of
changes and we will gain approval from any
appropriate regulatory authority.
CHANGING THE TERMS Any change in your Contract must be approved by one
OF YOUR CONTRACT of our officers. No agent has the authority to make
any changes or waive any of the terms of your
Contract.
TERMINATION This Contract will remain in force until surrendered
for its full value, or all annuity payments have been
made, or the death proceeds have been paid, except as
follows:
If the Owner's Account Value is less than $500, We
may cancel this Contract upon 60 days' notice to the
Owner. Such cancellation would be considered a full
surrender of this Contract.
If the value of any Separate Account Division (except
the Global Money Fund) falls below $500, we reserve
the right to transfer the remaining balance, without
charge, to the Global Money Fund.
PURCHASE PAYMENTS
MINIMUM PAYMENTS The minimum amounts acceptable as Purchase Payments
are shown on Page 3. We reserve the right to modify
these minimums or to refuse a Purchase Payment for
any reason.
ALLOCATION OF The initial allocation for Net Purchase Payments is
PURCHASE PAYMENTS shown on Page 3 of this Contract and will remain in
effect until changed by Written notice. The
percentage allocation for future Net Purchase
Payments may be changed at any time by Written
notice.
Changes in the allocation will be effective on the
date we receive the Owner's notice. The allocation
may be 100% to any available Division or Guarantee
Period, or may be divided among these options in
whole percentage points totaling 100%.
The initial Purchase Payment will be credited to the
Owner's Account not more than two Valuation Periods
after we receive it, together with all other required
documentation, in good order at the office designated
by the Company for the processing of initial Purchase
Payments. Subsequent Purchase Payments will be
credited as of the end of the Valuation Period in
which they are so received. We reserve the right to
limit the total number of Fixed Account Guarantee
Periods and Separate Account Divisions that may be
chosen during the life of the Contract.
PREMIUM TAXES When applicable, we will deduct an amount to cover
premium taxes. Such deduction will be made:
(1) From Purchase Payment(s) when received; or
(2) From the Account Value at the time annuity
payments are to commence; or
(3) From the amount of any partial withdrawal; or
(4) From proceeds payable upon termination of the
Contract for any other reason, including death of
the Annuitant or Owner, or surrender of the
Contract.
Page 7
If premium tax is paid, the Company may reimburse itself for such tax when
deduction is being made under paragraphs 2, 3, or 4 above calculated by
multiplying the sum of Purchase Payments being withdrawn by the applicable
premium tax percentage.
OWNERSHIP PROVISIONS
EXERCISE OF CONTRACT This Contract belongs to the Owner, who is entitled
to exercise all Rights rights and privileges in
connection with this Contract. Where a Contract is
jointly owned, both Owners must join in any request
to exercise the rights or privileges of an Owner.
In any case, such rights and privileges can be
exercised without the consent of the Beneficiary
(other than an irrevocably designated Beneficiary) or
any other person. Such rights and privileges may be
exercised only during the lifetime of the Annuitant
and prior to the Annuity Commencement Date, except as
otherwise provided in this Contract.
Unless the Owner specifies otherwise, the Annuitant
will become the Payee on the Annuity Commencement
Date. If the Owner or the Annuitant (without a
surviving Contingent Annuitant) dies prior to the
Annuity Commencement Date, the Beneficiary will
become the Payee. Such Payees may thereafter exercise
such rights and privileges of ownership which
continue.
BENEFICIARY The Owner named the Beneficiary and any Contingent
Beneficiary when applying for this Contract. By
Written notice to us, a non-irrevocable Beneficiary
or Contingent Beneficiary may be changed by the Owner
prior to the Annuity Commencement Date or by the
Annuitant or other properly-designated Payee after
the Annuity Commencement Date.
CHANGE OF OWNERSHIP Ownership of a Qualified Contract may not be
transferred except to: (1) the Annuitant; (2) a
trustee or successor trustee of a pension or profit
sharing trust which is qualified under Section 401 of
the Internal Revenue Code; (3) the employer of the
Annuitant, provided that the Qualified Contract after
transfer is maintained under the terms of a
retirement plan qualified under Section 403(a) of the
Internal Revenue Code for the benefit of the
Annuitant; (4) the trustee of an individual
retirement account plan qualified under Section 408
of the Internal Revenue Code; or (5) as otherwise
permitted from time to time by laws and regulations
governing the retirement or deferred compensation
plans for which a Qualified Contract may be issued.
In no other case may a Qualified Contract be sold,
assigned, transferred, discounted or pledged as
collateral.
During the lifetime of the Annuitant and prior to the
Annuity Commencement Date, the Owner may change the
ownership of a Non-Qualified Contract.
A change of ownership will not be binding upon us
until we receive Written notification at our Home
Office. When such notification is so received, the
change will be effective as of the date of the signed
request for change, but the change will be without
prejudice to us on account of any payment made, or
any action taken by us prior to receiving the change,
or on account of any tax consequence.
Page 8
DISTRIBUTION OF If an Owner (including the first to die in the case
DEATH PROCEEDS of joint Contract owners) under a Non-Qualified
UNDER NON-QUALIFIED Contract dies prior to the Annuitant and before the
CONTRACTS Annuity Commencement Date, the death proceeds must be
distributed to the Beneficiary either (1) within five
years after the date of death of the Owner, or (2)
over the life of or a period not greater than the
life or expected life of the Beneficiary, with
annuity payments beginning within one year after the
date of death of the Owner. The Beneficiary shall be
considered the designated beneficiary for the
purposes of Section 72(s) of the Internal Revenue
Code. In all cases, any such designated beneficiary
will not be entitled to exercise any rights
prohibited by applicable federal income tax law.
These mandatory distribution requirements will not
apply when the designated Beneficiary is the spouse
of the deceased Owner, if the spouse elects to
continue this Contract in the spouse's own name, as
Owner. When the deceased Owner was also the
Annuitant, the surviving spouse (if the surviving
spouse is the designated Beneficiary) may elect to be
named as both Owner and Xxxxxxxxx and continue this
Contract.
If the Payee under a Non-Qualified Contract dies
after the Annuity Commencement Date and before all of
the payments under the Annuity Option have been
distributed, the remaining amount payable, if any,
must be distributed at least as rapidly as under the
method of distribution then in effect.
If the Owner prior to the Annuity Commencement Date,
or the Payee thereafter, is not a natural person,
then the foregoing distribution requirements shall
apply upon the death of the primary Annuitant within
the meaning of the Internal Revenue Code.
PERIODIC REPORTS We will send to each Owner, at least once during each
Contract Year, a statement showing the Owner's
Account Value as of a date not more than two months
prior to the date of mailing. We will also send such
statements as may be required by applicable state and
federal laws, rules and regulations.
OWNER'S ACCOUNT We will establish an Owner's Account for the Owner
under this Contract and will maintain such account
during the Accumulation Period. The Owner's Account
Value for any Valuation Period will be equal to the
Owner's Separate Account Value, if any, plus the
Owner's Fixed Account Value, if any, for that
Valuation Period.
FIXED ACCOUNT
FIXED ACCOUNT VALUE That portion of a Net Purchase Payment which is
allocated to the Fixed Account will be credited to
the Owner's Account and allocated to the Guarantee
Period(s) selected. The Fixed Account Value of an
Owner's Account for any Valuation Period is equal to
the sum of the values in each of the Guarantee
Periods credited to the Owner's account for such
Valuation Period.
The value in any one Guarantee Period on a Valuation
Date is the accumulated value of the Net Purchase
Payments, renewals or transfers allocated to the
Guarantee Period at the Guaranteed Interest Rate,
minus the accumulated value of surrenders and
transfers out of that Guarantee Period and Contract
Fee allocated to that Guarantee Period, at the
Guaranteed Interest Rate.
Page 9
GUARANTEE PERIODS There will always be at least one Fixed Account
Guarantee Period. At any given time, additional
Guarantee Periods may be available for selection by
the Owner. Subject to availability, the Owner may
select one or more Guarantee Period(s). The Guarantee
Period(s) selected will determine the Guaranteed
Interest Rates(s). The Net Purchase Payment or the
portion thereof (or amount transferred in accordance
with the transfer privilege provision described
below) allocated to a particular Guarantee Period
will earn interest at the Guaranteed Interest Rate
during the Guarantee Period. Guarantee Periods begin
on the date as of which we credit the Owner's Account
Value to that Guarantee Period or, in the case of a
transfer, on the effective date of the transfer. The
Guarantee Period is the number of years we credit the
Guaranteed Interest Rate. The expiration date of any
Guarantee Period is the last day of the Guarantee
Period. Subsequent Guarantee Periods begin on the
first day following the expiration date. As a result
of Guarantee Period renewals, additional Purchase
Payments and transfers of portions of the Owner's
Account Value, Guarantee Periods of the same duration
may have different expiration dates and Guaranteed
Interest Rates.
We will notify the Owner in writing at least 30 and
no more than 60 days prior to the expiration date of
any Guarantee Period. A new Guarantee Period of the
same duration as the previous Guarantee Period will
begin automatically unless we receive Written notice
to the contrary from the Owner at least 3 Valuation
Dates prior to the end of such Guarantee Period. The
Owner may elect to change to another Guarantee Period
or Division which we offer at such time.
If the amount of an Owner's Account Value in a
Guarantee Period is less than $500 at the end of such
Guarantee Period, we reserve the right to transfer
such amount, without charge, to the Global Money Fund
of the Separate Account. However, we will transfer
such amount to another available Division at the
Owner's request.
GUARANTEED INTEREST We will periodically establish an applicable Rate
RATES Guaranteed Interest for each Guarantee Period we
offer. These rates will be guaranteed for the
duration of the respective Guarantee Periods. The
Guarantee Periods that we make available at any time
will be determined in our discretion. No Guaranteed
Interest Rate shall be less than an effective annual
rate of 3.0% per year.
SEPARATE ACCOUNT
DIVISIONS The Separate Account has several Divisions, each
investing in a corresponding Variable Fund. Net
Purchase Payments will be allocated to the Divisions
and the Fixed Account as shown on Page 3, unless the
Owner changes the allocation.
We will use the Net Purchase Payments and any
transferred amounts to purchase Variable Fund shares
applicable to the Divisions at their net asset value.
We will be the owner of all Variable Fund shares
purchased with the Net Purchase Payments or
transferred amounts. 97010
Page 10
DIVISION Net Purchase Payments and transferred amounts
ACCUMULATION allocated to the Separate Account will be credited to
UNITS the Owner's Account in the form of Division
Accumulation Units. The number of Division
Accumulation Units will be determined by dividing the
amount allocated to a Division by the Division
Accumulation Unit value as of the end of the
Valuation Period as of which the transaction is
credited. The value of each Division Accumulation
Unit was arbitrarily set as of the date the Division
first purchased Variable Fund shares. Subsequent
values on any Valuation Date are equal to the
previous Division Accumulation Unit value times the
Net Investment Factor for the Valuation Period ending
on that Valuation Date.
NET INVESTMENT The Net Investment Factor is an index applied to
FACTOR measure the investment performance of a Division from
one Valuation Period to the next. The Net Investment
Factor may be greater or less than or equal to one;
therefore, the value of an Accumulation Unit may
increase, decrease or remain the same.
The Net Investment Factor for a Division is
determined by dividing (1) by (2), and then
subtracting (3) from the result, where:
(1) Is the sum of:
(a) The Net Asset Value Per Share of the
Variable Fund shares held in the Division,
determined at the end of the current
Valuation Period; plus
(b) The per share amount of any dividend or
capital gain distribu- tions made on the
Variable Fund shares held in the Division
during the current Valuation Period;
(2) Is the Net Asset Value Per Share of the Variable
Fund shares held in the Division, determined at
the beginning of the current Valuation Period;
and
(3) Is a factor representing the mortality risk,
expense risk, and admin- istrative expense
charge. We will determine the daily asset charge
factor annually, but in no event may it exceed
the Maximum Asset Charge Factor as specified on
Page 3.
SEPARATE ACCOUNT The Separate Account for any Valuation Period is the
total of the Value values in each Division credited
to the Owner's Account for such Valuation Period. The
value for each Division will be equal to:
(1) The number of Division Accumulation Units;
multiplied by
(2) The Division Accumulation Unit value for the
Valuation Period.
The Separate Account value will vary from Valuation
Date to Valuation Date reflecting the total value in
the Divisions.
Page 11
TRANSFERS
TRANSFERS Transfers may be made at any time during the
Accumulation Period after the first 30 days following
the Date of Issue. A transfer will be effective at
the end of the Valuation Period in which we receive
the Owner's Written request for a transfer. Transfers
will be subject to the following restrictions:
(1) Prior to the Annuity Commencement Date, the Owner
may make up to 12 transfers each Contract Year
without charge.
(2) There will be a charge of $25.00 for each
transfer in excess of 12 in a Contract Year.
(3) Transfers under some asset management
arrangements approved by the Company may be
subject to the $25.00 charge and may count
towards the 12 free transfers.
(4) Not more than 25% of the Owner's Account Value
allocated to a Guarantee Period at its inception
may be transferred to the Variable Account during
any Contract Year. Transfers from a Guarantee
Period are made on a first in, first out basis.
The 25% limit does not apply to:
(a) Transfers within 15 days before or after the
end of the applicable Guarantee Period; or
(b) A renewal at the end of a Guarantee Period
to the same Guarantee Period.
(5) If a transfer would cause the Account Value in
any Division or Guarantee Period to fall below
$500, we reserve the right to also transfer the
remaining balance in that Division or Guarantee
Period in the same proportions as the transfer
request.
(6) We reserve the right to defer any transfer from
the Fixed Account to the Variable Divisions for
up to 6 months.
We reserve the right to restrict or terminate
transfers.
After the Annuity Commencement Date, the Owner may
make one transfer during any 180 day period; such
transfer is without charge. The Owner may not make
transfers from the fixed annuity account.
Page 12
SURRENDERS
GENERAL SURRENDER The amount surrendered will normally be paid to the
PROVISIONS Owner within 5 Valuation Dates following our receipt
of:
(1) The Owner's Written request on a form acceptable
to us; and
(2) This Contract, if required. We reserve the right
to defer payment of surrenders from the Fixed
Account for up to 6 months from the date we
receive the request.
FULL SURRENDER At any time prior to the Annuity Commencement Date
and during the lifetime of the Annuitant, the Owner
may surrender this Contract by sending us a Written
request. The amount payable on surrender is:
(1) The Owner's Account Value at the end of the
Valuation Period in which we receive the Owner's
request on a form acceptable to us;
(2) Minus any applicable Surrender Charge;
(3) Minus any applicable Contract Fee; and
(4) Minus any applicable premium tax.
The amount payable upon surrender will not be less
than the amount required by state law.
Upon payment of the surrender amount, this Contract
will be terminated and the Company will have no
further obligation to the Owner.
All collateral assignees must consent to any
surrender or partial withdrawal. We may require that
this Contract be returned to our Home Office prior to
making payment.
PARTIAL WITHDRAWALS A portion of the Owner's Account Value may be
withdrawn at any time prior to the Annuity
Commencement Date. The Owner must send us a Written
request specifying the Divisions or Guarantee Periods
from which the Partial Withdrawal is to be made.
However, in cases where the Owner does not so
specify, or the withdrawal cannot be made in
accordance with the Owner's specification, we reserve
the right to implement the withdrawal pro rata from
each Division and Guarantee Period based on the
Owner's Account Value in each. Partial Withdrawals
will be made effective at the end of the Valuation
Period in which we receive the Written request.
Partial Withdrawals will be subject to the following
guidelines:
(1) The Partial Withdrawal amount must be at least
$100 or, if less, the Owner's entire Account
Value;
Page 13
(2) We will surrender Division Accumulation Units
from the Separate Account or interests in a
Guarantee Period so that the total amount
withdrawn will be the sum of:
(a) The amount payable to the Owner;
(b) Plus any Surrender Charge and any applicable
premium tax;
(3) If a Partial Withdrawal would cause the Owner's
Account Value in any Division or Guarantee Period
(except the Global Money Fund) to fall below
$500, we reserve the right to transfer the
remaining balance without charge to the Global
Money Fund.
(4) If the Owner's Account Value is less than $500,
We may cancel this Contract upon 60 days' notice
to the Owner. Such cancellAtion would be
considered a full surrender of this Contract.
SURRENDER Except as noted under "Surrender Charge Exceptions,"
CHARGE a Surrender Charge will be applied to the amount of
FOR PARTIAL any Purchase Payment with- drawn during the first 7
WITHDRAWALS AND years after it was first credited, as follows:
FULL SURRENDERS
SURRENDER CHARGE
YEAR OF AS A PERCENTAGE
PURCHASE PAYMENT OF PURCHASE
WITHDRAWAL PAYMENT WITHDRAWN
1st 7%
2nd 6%
3rd 5%
4th 5%
5th 4%
6th 3%
7th 2%
Thereafter 0%
For purposes of computing the Surrender Charge, the
oldest Purchase Payments are deemed to be withdrawn
first, and before any amounts in excess of Purchase
Payments are withdrawn from an Owner's Account. The
following transactions will be considered as
withdrawals for purposes of computing the Surrender
Charge: total surrender, partial withdrawal,
commencement of an annuity payment option and
termination due to insufficient Owner Account Value.
SURRENDER CHARGE The Surrender Charge will not apply:
EXCEPTIONS
(1) To any amounts in excess of Purchase Payments
that are withdrawn from an Owner's Account; or
(2) To any amounts in excess of the amount permitted
by the 10% Free Withdrawal Privilege if such
amounts are required to be withdrawn to obtain or
retain favorable federal tax treatment; (The
granting of this exception is subject to our
approval);
(3) Upon the death of the Annuitant at any age during
the Payout Period;
Page 14
(4) Upon the death of the Annuitant at any age during
the Accumulation Period if no Contingent
Annuitant survives;
(5) Upon the death of the Owner of a Non-Qualified
Contract, unless the Contract is being continued
under the special rule for a surviv- ing spouse
as defined under Internal Revenue Code Section
(72)(s);
(6) Upon selection of an annuity payment option over
a period of at least 10 years;
(7) Upon selection of an annuity payment option based
on life contingencies if life expectancy is at
least 10 years.
10% FREE WITHDRAWAL The Surrender Charge does not apply to that portion
of each with- Privilege drawal or a total surrender
in any Contract Year that does not exceed:
(1) Ten Percent (10%) of the amount of Purchase
Payments not previously withdrawn that have been
credited to this Contract for at least one year,
but not more than 7 years; less
(2) The amount of any previous withdrawals made
during such Contract Year.
For withdrawals under a systematic withdrawal plan,
Purchase Payments credited for 30 days or more are
eligible for the 10% Free Withdrawal Privilege.
If multiple withdrawals are made during a Contract
Year, the amount eligible for the free withdrawal
will be recalculated at the time of each Partial
Withdrawal. After the first Contract Year,
non-automatic and automatic withdrawals may be made
in the same Contract Year subject to the 10%
limitation.
A free withdrawal pursuant to any of the foregoing
Surrender Charge Exceptions is not deemed a
withdrawal of Purchase Payments except for purposes
of computing the 10% free withdrawal privilege.
However the Surrender Charge will never be applied to
an amount greater than the Owner's Account Value.
CONTRACT FEE
MANNER OF An annual Contract Fee not to exceed $35.00 will be
DEDUCTING deducted at the end of each Contract Year prior to
the Annuity Commencement Date. Unless paid directly,
the fee will be allocated among the Guarantee Periods
and Divisions in proportion to the Owner's Account
Value in each. The entire fee for the year will be
deducted from the proceeds of any full surrender of
this Contract.
TAX CHARGE
RIGHT TO We reserve the right to impose additional charges or
IMPOSE establish reserves for any federal or local taxes
incurred or that may be incurred by us, and that may
be deemed attributable to the Contracts.
ONE-TIME REINSTATEMENT PRIVILEGE
REINSTATEMENT OF If the Owner has made a full surrender of the Owner's
ACCOUNT VALUE Account Value, the Owner may reinstate the Contract,
if we receive the Written reinstatement request,
together with a return of the net surrender
Page 15
proceeds, not more than 30 days after the date as of
which the surrender was made. In such a case, the
Owner's Account Value will be restored to what it was
at the time of the surrender (less any annual
Contract maintenance charge that has since become
payable), and any subsequent Surrender Charge will be
computed as if the Contract had been issued at the
date of reinstatement in consideration of a Purchase
Payment in the amount of such net surrender proceeds.
This one-time reinstatement privilege is available
only if the Owner's Account Value following the
reinstatement would be at least $500. Unless the
Owner requests otherwise in Writing, the Account
Value following the reinstatement will be allocated
among the Divisions and Guarantee Periods in the same
proportions as those prior to surrender.
DEATH PROCEEDS
DEATH PROCEEDS If the Annuitant dies before the Annuity Commencement
COMMENCEMENT DATE Date, and is survived by a Contingent Annuitant, the
BEFORE THE ANNUITY Contract will be continued with the Contingent
Annuitant being named the Annuitant. If this is a
Non-Qualified Contract, this Contract may qualify for
continuation under the "Distribution of Death
Proceeds under Non-Qualified Contracts" provision.
Otherwise, we will pay the death proceeds to the
Beneficiary if one of the following dies prior to the
Annuity Commencement Date:
(1) The Annuitant (provided that no Contingent
Annuitant survives); or
(2) The Owner of a Non-Qualified Contract (including
the first to die in the case of Joint Owners). If
the Annuitant or such Owner dies, the amount of
the death proceeds will be the greatest of the
following amounts, less any applicable Premium
Tax: (1) The sum of all Net Purchase Payments
less any prior Partial Withdrawals; (2) The
Owner's Account Value as of the end of the
Valuation Period in which we receive proof of the
Annuitant's or such Owner's death and a Written
request from the Beneficiary as to the form of
payment; or
(3) The Highest Anniversary Value prior to the date
of death, deter- mined as follows:
(a) We will calculate the Account Values at the
end of each of the past Contract
Anniversaries that occurred prior to the de-
ceased's 81st birthday;
(b) Each of the Account Values will be increased
by the amount of Net Purchase Payments made
since the end of such Contract Years;
Page 16
(c) The result will be reduced by the amount of
any withdrawals made since the end of such
Contract Years;
The Highest Anniversary Value will be an
amount equal to the highest of such values.
The death proceeds will not be less than the
amount payable on a full surrender at the
date used to value the death benefit.
The death proceeds will become payable when we
receive:
(1) Proof of the Owner's or Annuitant's Death; and
(2) A Written request from the Beneficiary for either
a single sum or payment under an Annuity Option.
If the Annuitant dies, and a Contingent Annuitant was
named but predeceased the Annuitant, we will require
proof of the Contingent Annuitant's death in addition
to proof of the death of the Annuitant.
We will pay a single sum to the Beneficiary unless an
Annuity Option is chosen within 60 days after the
death of the Owner or Annuitant.
DEATH PROCEEDS ON If the Annuitant dies on or after the Annuity
OR AFTER THE Commencement Date, the Beneficiary will receive the
ANNUITY death proceeds, if any, as provided by the annuity
COMMENCEMENT DATE form in effect.
PROOF OF DEATH We accept any of the following as proof of the
Annuitant's or Owner's death:
(1) A copy of a certified death certificate;
(2) A copy of a certified decree of a court of
competent jurisdiction as to the finding of
death;
(3) A written statement by a medical doctor who
attended the deceased at the time of death; or
(4) Any other proof satisfactory to us.
PAYMENT OF BENEFITS
APPLICATION OF Unless directed otherwise, we will apply the Fixed
ACCOUNT VALUE Account Value to provide a Fixed Annuity, and the
Separate Account Value to provide a Variable Annuity.
The Owner must tell us in writing at least 30 days
prior to the Annuity Commencement Date if Fixed and
Separate Account values are to be applied in
different proportions. Transfers and partial
withdrawals will be permitted within the 30-day
period.
Page 17
Annuity The Annuity Commencement Date (Annuity Date) is shown
COMMENCEMENT DATE on page 3. The Owner of a qualified Contract may be
required to receive distri- butions after the
Annuitant's 70th birthday to comply with certain
federal tax requirements. The Annuity Date may be
changed by Written notice from the Owner, subject to
our approval.
OPTIONS AVAILABLE The Owner may elect to have annuity payments made
TO A CONTRACT beginning on the Annuity Commencement Date under any
OWNER one of the Annuity Options described in this
Contract. We will notify the Owner 60 to 90 days
prior to the scheduled Annuity Date that the Contract
is scheduled to mature, and request that an Annuity
Option be selected. If the Owner has not selected an
Annuity Option ten days prior to the Annuity
Commencement Date, we will proceed as follows:
If the scheduled Annuity Commencement Date is any
date prior to the Annuitant's 100th birthday, we will
extend the Annuity Commencement Date to the
Annuitant's 100th birthday.
If the scheduled Annuity Commencement Date is the
Annuitant's 100th birthday, the Account Value less
any applicable charges and premium taxes will be paid
in one sum to the Owner.
OPTIONS AVAILABLE The Owner may elect, in lieu of payment in one sum,
TO BENEFICIARY that any amount or part thereof due under this
Contract be applied under any of the options
described below. Within 60 days after the death of
the Annuitant or Owner, the Beneficiary may make such
election if the Owner has not done so. In such case,
the Beneficiary thereafter shall have all the rights
and options of the Owner.
The first annuity payment under any option shall be
made on the first day of the second month after
approval of the claim for settlement. Subsequent
payments shall be made periodically in accordance
with the manner of payment elected.
PAYMENT CONTRACT At such time as one of these options becomes
effective, this Contract shall be surrendered to the
Company in exchange for a payment contract providing
for the option elected.
FIXED ANNUITY Fixed Annuity Payments start on the Annuity
PAYMENTS Commencement Date. The amount of the first monthly
payment for the annuity selected will be at least as
favorable as that produced by the applicable annuity
tables of this Contract for each $1,000 applied as of
the end of the Valuation Period that contains the
tenth day prior to the Annuity Commencement Date.
The dollar amount of any payments after the first
payment is specified during the entire period of
annuity payments, according to the provisions of the
Annuity Option selected.
Page 18
VARIABLE ANNUITY PAYMENTS
ANNUITY UNITS We convert the Division Accumulation Units into
Division Annuity Units at the values determined at
the end of the Valuation Period which contains the
tenth day prior to the Annuity Commencement Date. The
number of Division Annuity Units is obtained by
dividing the first monthly payment by the Division
Annuity Unit Value determined at the end of the above
Valuation Period (see following paragraph). The first
monthly payment is determined by applying the dollar
value of the Division Accumulation Units to the
applicable Annuity Table. The number of Division
Annuity Units remains constant as long as an annuity
remains in force and allocation among the Divisions
has not changed.
Each Division Annuity Unit Value was arbitrarily set
when the Division first converted Division
Accumulation Units into Division Annuity Units.
Subsequent values on any Valuation Date are equal to
the previous Division Annuity Unit Value times the
Net Investment Factor for that Division for the
Valuation Period ending on that Valuation Date, with
an offset for the 3 1/2% assumed interest rate used
in the annuity tables of this Contract.
Variable Annuity Payments start on the Annuity
Commencement Date. Payments will vary in amount and
are determined at the end of the Valuation Period
that contains the tenth day prior to each payment.
If the monthly payment under the annuity form
selected is based on a single Division, the monthly
payment is found by multiplying the Division Annuity
Unit Value on said date by the number of Division
Annuity Units. If the monthly payment under the
annuity form selected is based upon more than one
Division, the above procedure is repeated for each
applicable Division. The sum of these payments is the
Variable Annuity Payment.
We guarantee that the amount of each payment will not
be affected by variations in expense or mortality
experience.
ANNUITY OPTIONS FIRST OPTION - LIFE ANNUITY - An annuity payable
monthly during the lifetime of the Annuitant.
SECOND OPTION - LIFE ANNUITY WITH 120, 180 OR 240
MONTHLY PAYMENTS GUARANTEED - An annuity payable
monthly during the lifetime of the Annuitant,
including the guarantee that if, at the death of the
Annuitant, payments have been made for less than 120
months, 180 months or 240 months (as selected),
payments shall be continued during the remainder of
the selected period.
Page 19
THIRD OPTION - JOINT AND LAST SURVIVOR LIFE ANNUITY -
An annuity payable monthly during the joint lifetime
of the Annuitant, and a secondary Annuitant, and
thereafter during the remaining lifetime of the
survivor, ceasing with the last payment prior to the
death of the survivor.
FOURTH OPTION - PAYMENTS FOR A DESIGNATED PERIOD - An
amount payable monthly for the number of years
selected which may be from 5 to 40 years. If this
option is selected on a variable basis, the number of
years may not exceed the life expectancy of the
Annuitant or other properly-designated Payee.
FIFTH OPTION - PAYMENTS OF A SPECIFIC DOLLAR AMOUNT -
The amount due may be paid in equal monthly
installments of a designated dollar amount (not less
than $125 nor more than $200 per annum per $1,000 of
the original amount due) until the remaining balance
is less than the amount of one installment. Payments
under this option are available on a fixed basis
only. To determine the remaining balance at the end
of any month, such balance at the end of the previous
month is decreased by the amount of any installment
paid during the month and the result will be
accumulated at an interest rate not less than 3.5%
compounded annually. If the remaining balance at any
time is less than the amount of one installment, such
balance will be paid and will be the final payment
under the option.
In lieu of monthly payments, payments may be elected
on a quarterly, semi-annual or annual basis, in which
cases the amount of each annuity payment will be
determined on a basis consistent with that described
in this Contract for monthly payments.
No election of any Annuity Option may be made in the
case where a Fixed or Variable Annuity is elected,
unless a minimum initial annuity payment of $100 will
be provided. No election of any Annuity Option may be
made in the case where a combination of a Fixed and a
Variable Annuity is elected, unless a minimum initial
annuity payment of $50 on each basis will be
provided. If the initial annuity payment does not
meet the minimum amount required for the Annuity
Option elected, the Company will provide a less
frequent payment schedule. If the minimum is still
not met, the Company will make a lump-sum payment of
the Account Value (less any Surrender Charge,
uncollected annual Maintenance Charge and applicable
premium tax) as of the date of this determination to
the Annuitant or other properly-designated Payee.
If the age of the Annuitant has been misstated to us,
any amount payable will be that which would have been
payable had the misstatement not occurred. We will
deduct any overpayment from the next payment or
payments due and add any underpayments to the next
payment due. Interest at an effective annual rate of
3.5% will be added to any such adjustment.
ANNUITY TABLES The tables that follow show the dollar amount of the
first monthly payment for each $1,000 applied under
the options. The tables are based on the 1983a Male
or Female Tables, adjusted by projection scale G for
9 years, with unisex rates based on 60% female and
40%
Page 20
male, and interest at the rate of 3 1/2% per year.
Under the First or Second Options, the amount of each
payment will depend upon the Annuitant's adjusted age
at the time the first payment is due. Under the Third
Option, the amount of each payment will depend upon
both Xxxxxxxxx's adjusted ages at the time the first
payment is due.
In using the table of annuity payment rates, the ages
of the Annuitants must be reduced by one year for
Annuity Commencement Dates occurring during the
decade 2000-2009, reduced two years for Annuity
Commencement Dates occurring during the decade 2010-
2019, and reduced an additional year for each decade
that follows. The age 70 rate is also used for ages
above 70.
ALTERNATE AMOUNT If a fixed life income option is elected, the Owner
OF INSTALLMENTS (or, if the Owner has not elected a payment option,
UNDER FIXED LIFE the Beneficiary) may elect life income payments equal
INCOME OPTIONS to those provided by those fixed single premium
immediate annuity option rates in use by the Company
when annuity payments begin.
Page 21
ANNUITY TABLES
AMOUNT OF MONTHLY PAYMENT
FOR EACH $1,000 OF ANNUITY VALUE
Options 1 and 2 - Life Annuities
-----Monthly Payments Guaranteed-----
Adjusted Unisex
Age Option 1 Option 2 Option 2 Option 2
None 120 180 240
50 4.18 4.15 4.12 4.07
51 4.24 4.21 4.18 4.12
52 4.31 4.28 4.24 4.17
53 4.38 4.34 4.30 4.23
54 4.45 4.41 4.36 4.28
55 4.53 4.48 4.43 4.34
56 4.61 4.56 4.50 4.40
57 4.70 4.64 4.57 4.46
58 4.79 4.73 4.65 4.52
59 4.89 4.82 4.72 4.59
60 5.00 4.91 4.81 4.65
61 5.11 5.02 4.89 4.71
62 5.23 5.12 4.98 4.78
63 5.36 5.23 5.07 4.85
64 5.49 5.35 5.17 4.91
65 5.64 5.48 5.26 4.98
66 5.80 5.61 5.36 5.04
67 5.96 5.74 5.46 5.10
68 6.14 5.88 5.57 5.16
69 6.34 6.03 5.67 5.21
70 and above 6.54 6.19 5.77 5.27
Option 3 - Joint and Last Survivor Life Annuity
Adjusted Age Adjusted Age of Secondary Annuitant
of Annuitant
Unisex 50 55 60 65 70
50 3.75 3.85 3.94 4.01 4.07
55 3.85 4.00 4.13 4.24 4.33
60 3.94 4.13 4.32 4.49 4.65
65 4.01 4.24 4.49 4.75 5.00
70 4.07 4.33 4.65 5.00 5.36
Option 4 - Payments for a Designated Period
Years of Amount of Monthly Years Amount of Monthly
Payment Payment Payment Payment
5 $18.12 23 $5.24
6 15.35 24 5.09
7 13.38 25 4.96
8 11.90 26 4.84
9 10.75 27 4.73
10 9.83 28 4.63
11 9.09 29 4.53
12 8.46 30 4.45
13 7.94 31 4.37
14 7.49 32 4.29
15 7.10 33 4.22
16 6.76 34 4.15
17 6.47 35 4.09
18 6.20 36 4.03
19 5.97 37 3.98
20 5.75 38 3.92
21 5.56 39 3.88
22 5.39 40 3.83
Page 22
AMERICAN GENERAL LIFE
INSURANCE COMPANY
This is a FLEXIBLE PAYMENT VARIABLE and FIXED INDIVIDUAL DEFERRED ANNUITY
CONTRACT. NONPARTICIPATING -- NOT ELIGIBLE FOR DIVIDENDS.
ALL PAYMENTS AND VALUES PROVIDED BY THIS CONTRACT, WHEN BASED ON THE
INVESTMENT EXPERIENCE OF A SEPARATE ACCOUNT ARE VARIABLE, MAY INCREASE OR
DECREASE AND ARE NOT GUARANTEED AS TO AMOUNT. SEE THE "SEPARATE ACCOUNT" AND
"VARIABLE ANNUITY PAYMENTS" PROVISIONS IN THIS CONTRACT.
For Information, Service or to make a Complaint
Contact your Registered Representative,
or the Annuity Administration Department
American General Life
Insurance Company
0000-X Xxxxx Xxxxxxx
X.X. Box 1401
Houston, Texas 77251-1401
(000) 000-0000
[American General Logo]
A STOCK COMPANY
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A Subsidiary of American General Corporation
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