AIG VALIC is aiming at the retirement market with 2 new single-payment annuities and a new bundle of support services.[@@]
VALIC, Houston, is introducing the Secure Pension contract, a single-premium, immediate fixed annuity that provides a monthly, lifetime income stream.
VALIC also is introducing the Personal Pension contract, a single-premium, immediate annuity that allows buyers to choose a fixed or variable payout or a combination of both. The payout is based partly on the performance of underlying investments.