AIG American Pathway Deferred Income Annuity and QLAC


AIG American Pathway Deferred Income Annuity and QLAC offer a customizable personal pension plan guaranteeing a future income for life.

Design your retirement solution with the AIG American Pathway Deferred Income Annuity. Owners can begin income payments anytime after 12 months or defer income up to 30 years. The longer you defer taking payments, the greater the payments your single premium will produce.

You have protection from market volatility and the flexibility to choose:

  • Guaranteed lifetime income
  • Single life, joint life, or certain period payment options
  • The payment start date
  • The payment type and frequency
  • To include a death benefit
  • An automatic payment increase option
  • To designate your contract as a qualified longevity annuity contract (QLAC)

About AIG Annuities

AIG Financial Strength


Guaranteed Income for Tomorrow

With the American Pathway Deferred Income Annuity you can:

  • receive a GUARANTEED income stream you can’t outlive
  • consider a TAX-ADVANTAGED approach
  • create a CUSTOMIZED income plan
  • maintain emergency ACCESS to your money beyond scheduled income payments

We are committed to helping grow and protect the financial security of you and your family.


Tax-Advantaged Approach

AIG’s annuities enjoy tax-favored treatment under current federal income tax laws.

For nonqualified annuities (purchased with after-tax dollars), only a portion of each payment you receive — the interest earned — is considered taxable.

The remainder of the payment is considered a return of principal until your entire original principal has been received.

An income annuity may generate more income than other products or methods because with some exceptions, in exchange for higher payments, an income annuity permanently converts principal to a guaranteed income stream. Use a pension annuity calculator to solve your future retirement income needs.


Customize your income plan with:

  • Timely benefits — Receive payments monthly, quarterly, semiannually, or annually
  • Convenient delivery — Have payments mailed to you or enjoy the convenience of a direct deposit into your checking or savings account
  • Payee choice — The entire income payment, or a partial amount, can be directed to an alternate party, such as a charity, institution, family member, or other individuals.

The contract owner is still responsible for the income tax on distributions to an alternate payee.



You decide how, when and who receives income

During the annuity payout period, you’ll begin to receive a series of payments.

Once payments begin, the payout option cannot be changed.

Who receives income

Single life option

Covers the life of one person, the annuitant. Depending on the option you select, payments may be received for the life of the annuitant only, for the longer of the annuitant’s life or a certain period, or you may specify that if the amount of payments received is less than the premium you paid, the difference may be paid to a beneficiary following the annuitant’s death.

Joint life options

These options cover the lives of two annuitants. Under one option, the surviving annuitant continues to receive an annuity payment for his/her life, of the same dollar amount or a decreased percentage. Another option lets you designate primary and secondary annuitants, with the secondary annuitant receiving decreased payments for life following the primary annuitant’s death.

Income payment options

Lifetime income only

Receive regular income payments for your lifetime, ending at your death.

Lifetime income with a certain period

Receive regular income payments for your lifetime. Should all annuitant(s) die before the certain period ends, your beneficiary would receive the remaining benefit payments.

Lifetime income with cash (lump sum) refund or installment refund

Receive regular income payments for your lifetime. Should annuitant(s) die before an amount equal to the premium is paid out, your beneficiary would receive either a cash refund or periodic payments until the premium amount is paid out.

Certain period only

Provides payments for a specific length of time between five and 30 years. The length of a certain period for a qualified contract (funded with pretax dollars) cannot be extended beyond the annuitant’s life expectancy (determined according to IRS minimum distribution rules). The length of a certain period for any nonqualified contract cannot extend beyond age 110.

In times of low-interest rates, some certain periods may not be available.

Income start date adjustment

You can accelerate or defer the first payment date within five years of the original income start date as long as it complies with the minimum and maximum deferral periods of the contract.

This feature may be elected once during the life of the annuity contract only if the withdrawal benefit has not been exercised.

Not available with any lifetime income only payment option.

Automatically increase your income payments

This option allows you to automatically increase income payments by 1% to 5% on each income start date anniversary. You can choose to increase income payments by either a:

  • Simple or compounded percentage increase
  • Flat dollar increase

The initial income payment will be lower than for contracts without an increasing income payment.



Access to Your Money

Protection for your family

At purchase, you may select an optional guaranteed death benefit that will be paid to your designated beneficiary should all owners die before receiving the first payment. You may choose:

  • Death benefit equal to the premium amount
  • Death benefit equal to the premium amount plus compounded interest (not available with QLAC)
  • No death benefit ― no annuity payments will ever be made after you die (only available with lifetime income only payment options)
  • American General (AIG) Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.

Advance payment option

After payments begin, if you receive annuity income payments on a monthly basis, you can request a lump-sum payment equal to the value of the next six months’ worth of payments. Your regularly scheduled payments will resume after six months.

You may exercise this feature if you are age 59½ or older and the contract is nonqualified or a Roth IRA. This feature may be elected twice during the life of the annuity.

Commutation withdrawal benefit

Sometimes life happens. It’s difficult to predict the future. You may have an emergency and need your money. That’s why we offer a commutation withdrawal benefit – for your “just in case” moments.

Anytime after one year following the income start date, the owner can elect a one-time withdrawal up to 100% of the present value of the remaining guaranteed income payments as a lump sum.


Minimum Premium

Maximum Premium

Company Rating (A.M. Best)

Maximum Issue Age

Insurance Company

Enhanced Benefits

Premium Type

Annuitization Required

Annual Penalty-Free Withdrawals

Death Benefit

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Annuitization Payouts

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Cancellation Policy

Company Rating (S&P)


Premium Bonus (Up to)

Contract Length

Annual Fees

Liquidity Options


Surrender Charge Waivers

Accepted Funds

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