Product overview

Get to know Portfolio Director^®

Here’s a high-level overview of some key features about the product.

All guarantees are backed by the claims paying ability of The Variable Annuity Life Insurance Company (VALIC). For detailed information and specifics, please review the prospectus.

Features

This is a general overview of Portfolio Director, version 1.0. You can check out the Portfolio Director Features Guide to learn about the specific features in your series.

_{This summary does not accurately reflect all features and possible fees associated with Portfolio Director. It is meant only as a general summary.}

_{Check out the Series 1.0 product summary.}

Download now

Fees & charges

There is no initial sales charge for the fixed option or variable options. And the fixed option does not have a maintenance fee.
Variable options include Separate Account and Net Fund Annual expenses.
An annual $15 administrative fee may apply to some series.

Transfers

There is no charge to transfer money to other investment options within your account. There may be restrictions on amounts and timing to complete the transfer between the fixed and variable investment options.

Withdrawals

If you’re under age 59½ early withdrawals might be subject to federal restrictions and penalties. You can withdraw up to 10% of your account balance each year without an early withdrawal charge.
Withdrawal charges may also be waived when selecting an annuity payout option, withdrawals after 15 years, or if you become disabled. Refer to your contract/certificate for waivers that apply to your product series.
If your withdrawal doesn’t meet any of the conditions, you will need to pay a 5% surrender charge* either on the last 60 months of contributions received or an amount withdrawn more than 10%.

Tax-free loans

Loans are subject to employer plan provisions. A loan initiation fee of $60 may apply. Check with your financial professional to learn if loans are available with your plan.
You can access a portion of your account without permanently reducing your balance or being subject to federal penalties if you repay your loan amount on time.

Important points to note

Remember that annuities are long-term products designed for retirement. Investment values of variable options will fluctuate so that the investor’s units, when redeemed, may be worth more or less than their original cost. Investment involves risk, including the possible loss of principal. Bear in mind that the value of variable options you choose will fluctuate so that your investment units, when redeemed, may be worth more or less than the original cost. Annuity contracts typically include limitations, exclusions and expense charges, which are described in the Portfolio Director prospectus.

Retirement plans and accounts that satisfy relevant qualification rules, such as 403(b)s, IRAs, 401(k)s, etc., can be tax deferred regardless of whether or not they are funded with an annuity. If you are considering funding a tax-qualified retirement plan or account with an annuity, you should know that an annuity does not provide any additional tax-deferred treatment of earnings beyond the tax deferral of the tax-qualified retirement plan or account itself. However, annuities do provide other features and benefits.

Fees apply and are described in the current prospectus. These fees include Separate Account fees are 0.20-1.25% and Annual Net Fund Expenses, which range from 0.12-1.15% for the variable options.

The current Annual Net Fund Expense is the current Annual Total Fund Expense less expense waivers or reimbursements. Fees are subject to change based on expense waivers and reimbursements. Additionally, an account maintenance fee of $3.75 per quarter applies if you are invested in variable options, and early withdrawal (surrender) charges may apply to your account.

Investors should carefully consider the investment objectives, risks, fees, charges and expenses before investing. This and other important information is contained in the Separate Account and underlying fund prospectuses, which can be obtained from your financial professional, at www.corebridgefinancial.com/retirementservices or calling 1.800.448.2542 and following the prompts. Read the prospectuses carefully before investing. Policy Form series UIT-194, UITG-194 and UITG-194P.

Investing involves risk, including the possible loss of principal.

Withdrawals of taxable amounts are subject to ordinary income tax. A 10% federal early withdrawal tax penalty could apply to withdrawals prior to age 59½.

Annuities are issued by The Variable Annuity Life Insurance Company (VALIC), Houston, TX. Guarantees are backed by the claims-paying ability of VALIC and are not the responsibility of Corebridge Financial. VALIC is a wholly owned subsidiary of Corebridge Financial, Inc.

Get support

Our financial professionals are ready to help.

Get in touch with your local financial professional to learn more about Portfolio Director and how to get started.