A security guard stands inside the American International Group Inc. (AIG) headquarters office in New York, U.S., on Tuesday, Jan. 29, 2016. American International Group Inc., the insurer being pressured by activist investor Carl Icahn to divest assets, had the outlook on its credit rating changed to negative from stable by Standard & Poor's after announcing plans to sell a stake in mortgage insurer United Guaranty Corp. Photographer: Victor J. Blue/Bloomberg (Photo: Victor J. Blue/Bloomberg)

A unit of American Insurance Group Inc. is giving purchasers of AIG's Polaris variable annuities an option they can use to choose from a menu of 77 different investment portfolios.

AIG Life & Retirement is making the long investment menu available through a new Polaris Income Plus Daily Flex feature.

The new feature is aimed at consumers who are getting help from financial professionals, AIG says.

AIG is also adding another Polaris feature, the Polaris Income Plus Flex feature.

Consumers can use both of the new features to add money to a Polaris contract after the first contract year, and to make contract adjustments in response to major life changes, such as the death of a spouse, AIG says.

— Read AIG Unit Adds VA Living Benefit Option, on ThinkAdvisor.

— Connect with ThinkAdvisor Life/Health on Facebook, LinkedIn and Twitter.

NOT FOR REPRINT

© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.