Independence Plus Fixed Account Plus

Product: Independence Plus Combination Fixed and Variable Annuity

Vendor: Corebridge Financial

Investment Detail

Strategy

Fixed Account Plus is a long-term fixed account that features a competitive current interest rate and employs a modified new money interest crediting policy. Participants can transfer up to 20 percent of their accumulated Fixed Account Plus value each contract year to other Independence Plus variable or fixed investment options in a single transaction or multiple transactions. Amounts transferred into Fixed Account Plus more than 90 days after the last transfer out of Fixed Account Plus receive the current interest rate. Amounts transferred into Fixed Account Plus within 90 days of the last transfer out of Fixed Account Plus may receive a lower rate. Investors should consult their contract/certificate or prospectus for details.

Fixed Investment Option Features

Minimum rate of return:	4.50%
Guaranteed minimum interest rate is good for:	Lifetime of Contract
Interest rate as of January 1st of Current Year:	4.50%
How often the rate can change:	See "Other Features" below.
Market Value Adjustment:	There are no market value adjustments applicable to VALIC's Fixed Account Plus.
Restrictions that apply to this fixed account:	We currently permit transfers of 20% per contract year from Fixed Account Plus to other Portfolio Director fund options. Transfers back to Fixed Account Plus within 90 days of a transfer from Fixed Account Plus may receive a different rate of interest than new purchase payments. Automatic account rebalancing under VALIC's Guided Portfolio Services investment advice program will not count against this transfer limit.
How often funds can be transferred into fixed Option from other options within this product:	At any time.
How often funds can be transferred out of this fixed option into other options within this product:	At any time, subject to the 20% per contract year limit described above.
Other Features:	We employ a modified new money interest crediting policy. Under this policy, VALIC declares a "current" interest rate at the beginning of each month applicable to contributions received during that month. The current rate declared is guaranteed until the end of that calendar year for contributions received that month. It is our intent to continue to credit interest at that same rate for such contributions for an additional calendar year. At the beginning of the third calendar year, such contributions will earn interest at a new declared pool rate. This rate is established January 1 of each calendar year and guaranteed for that entire calendar year.