American International Group (AIG) announced the launch of Polaris Select Investor, a new variable annuity that offers clients a deep and broad investment platform for their long-term investment accumulation needs.
Polaris Select Investor is issued by American General Life Insurance Company, except in New York where it is issued by The United States Life Insurance Company in the City of New York.
"As Americans take even greater personal responsibility for their financial futures, developing industry leading products that meet their evolving needs becomes increasingly important," said Bryan Pinsky, Senior Vice President, Individual Retirement Products.
"Polaris Select Investor is one of the many products that AIG has developed to help individuals prepare financially for retirement. There’s a growing segment of consumers today who are specifically looking for products that offer accumulation and investment opportunities within a tax-advantaged investment. Polaris Select Investor has been carefully constructed with their needs in mind."
The new variable annuity offers clients more investment choice with 33 top-tier money managers and 90+ portfolios that cross 22 asset classes, as well as professionally designed asset allocation models.
Polaris Select Investor also provides enhanced access to alternative and risk-managed investment strategies once reserved for hedge funds and institutional investors.
"With Polaris Select Investor, we’ve brought together a select group of highly respected money managers — all of whom have been specifically chosen for their area of specialization, investment process, investment management style and depth of experience," said Doug Loeffler, Vice President, Investment Product Management. "
The Polaris Portfolio Allocator models are designed and licensed by Ibbotson Associates.