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Product overview

Portfolio Director® Freedom Advisor, a fixed and variable annuity with an advisory option

A professionally managed option to help take the guesswork out of investing.

With this product, you gain access to Guided Portfolio Advantage (GPA)—an advisory service that will actively manage your accounts based on objective, third-party advice from independent financial expert, Morningstar Investment Management LLC (Morningstar).

Once a month, adjustments will be made to your investment mix to remain aligned with your objectives, risk preference and model portfolio.

Check the latest fee schedule in the investment Advisory Service Agreement from your financial professional.

Check out the product overview to learn more.

Product overview

Quick product details1,2

  • Minimum initial contribution: $25,000
  • Minimum monthly contribution: $1,000
  • Issue age: up to 85 years old
  • Investment options: A wide array of investment options including two fixed options to choose from
  • Guaranteed minimum interest rate: Established at time of contract issue
  • Withdrawals: No surrender or withdrawal charges (may be subject to taxes and penalties pending federal restrictions)

Guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company.

For detailed information and specifics, please review the prospectus. This summary does not accurately reflect all features and possible fees associated with Portfolio Director Freedom Advisor. It is meant only as a general summary.

Important points to note

Remember that annuities are long-term products designed for retirement. 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 Freedom 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 0.60% and Annual Net Fund Expenses, which range from 0.29-0.96% 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 V-806-NQ and V-806-IRA.

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.