AIG American Pathway Immediate Annuity


AIG American Pathway immediate annuity provides a retirement income with inflation protection and emergency liquidity.

With the AIG American Pathway Immediate Annuity, you can:

  • receive GUARANTEED income payments
  • consider a TAX-ADVANTAGED approach
  • create a CUSTOMIZED income plan
  • maintain emergency ACCESS to your money beyond scheduled income payments

About AIG Annuities

AIG Financial Strength


DESIGN your AIG retirement solution

Begin income payments as soon as 30 days or defer income up to 12 months.

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

  • Guaranteed lifetime income
  • Single life, joint life, or certain period payment options
  • When and how to receive income and even who will receive the income
  • If and how you want automatic payment increases
  • Protection for your family with a death benefit

Tax-advantaged approach

The AIG American Pathway Immediate Annuity enjoys 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. With some exceptions, in exchange for higher payments, an income annuity permanently converts principal to a guaranteed income stream.

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’s payout period, you’ll receive a series of payments. Once payments begin, the payout option cannot be changed.

Who receives income

Single life option 

This 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, 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 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 your premium is paid out, your beneficiary would receive either a cash refund or periodic payments until the premium amount is paid out.

American General (AIG) Life Insurance is also an inexpensive way to leave a death benefit to beneficiaries.

Certain period only

Provides payments for a specific length of time between five and 30 years. The length of the fixed 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 the certain period for any nonqualified contract cannot extend beyond age 110.

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

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

Advance payment option

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.

After the second contract anniversary, the owner can elect a one-time withdrawal of up to 100% of the present value of the remaining guaranteed income payments as a lump sum.



If you’re seeking a pension-like income in the future, but want more flexibility, check out an income rider.  Annuities with an income rider provide guaranteed income for life with a death benefit for beneficiaries along with much more flexibility, access, growth potential, and control.

If a death benefit is important to you, consider American General Life Insurance in addition to your annuity to protect your loved ones.


Minimum Premium

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Annuitization Required

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