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IncomeLOCK: A living benefit option Available with Portfolio Director Fixed and Variable Annuity Lock in market gains. Lock out market downturns. With IncomeLOCK, an add-on benefit available with VALIC's Portfolio Director® Fixed and Variable Annuity, you can receive an income during retirement that's based on your contract's highest anniversary value during the benefit's first 10 years -- including possible income for life. IncomeLOCK is designed to help you maximize your retirement income. If you take withdrawals under IncomeLOCK, this living-benefit option: Locks in market gains-- automatically. Each year on the benefit anniversary during the benefit's first 10 years (or first 20 years, if the benefit is extended), IncomeLOCK locks in investment gains, providing the potential to boost your retirement income. Locks out market downturns. IncomeLOCK guarantees your retirement income won't go down, no matter how the market performs, provided you take withdrawals under the parameters of the program. Locks up income for retirement. You'll have the flexibility to take income when and how you need it. Each year, you can withdraw up to 5%, 7% or 10% of your Benefit Base, the total guaranteed amount available for withdrawal, depending on when you take your first withdrawal. Guaranteed life-time income of 5% is also available if you wait until age 65 to take your first withdrawal. On each benefit anniversary, if your anniversary value is higher than it has ever been and greater than your current Benefit Base, your new Benefit Base will be locked in at the higher value. The anniversary value is the amount equal to the account value under your contract on any benefit anniversary, less: purchase payments received more than two years after the contract issue date, if IncomeLOCK is selected at contract issue. purchase payments received after the benefit's effective date, if IncomeLOCK is selected after the original contract issue date. The IncomeLOCK living benefit option is available with Portfolio Director Fixed and Variable Annuity contracts. This feature might not be available in some states. Loans from the contract are not available while IncomeLOCK remains in effect. In addition, IncomeLOCK is not available if you have enrolled in Guided Portfolio Services (GPS). We reserve the right to modify, suspend or terminate IncomeLOCK in its entirety or any component thereof at any time. However, once your IncomeLOCK endorsement has been issued, the feature and its terms will not change unless IncomeLOCK is extended on the 10-year benefit anniversary or canceled according to the terms of the feature. Early withdrawals of taxable amounts may be subject to withdrawal charges and a 10% federal tax penalty may apply. Guarantees are backed by the claims-paying ability of The Variable Annuity Life Insurance Company. The optional IncomeLOCK feature is available for an annual fee of 0.65% of the Benefit Base to investors age 75 or younger. This fee is deducted on a quarterly basis from the contract value as long as the contract value is greater than zero. Portfolio Director fees are described in the current prospectus. These fees include Separate Account fees, which range from 0.35% to 1.25% depending on the contract, and the Annual Net Fund Expense, which ranges from 0.10% to 1.35% 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 received. Additionally, account maintenance fees of $3.75 per quarter and surrender charges might apply, depending on your contract. To obtain a Portfolio Director contract and underlying fund prospectuses, visit www.aigvalic.com or call 1-800-448-2542 (press 1, then 3). The prospectuses contain the investment objectives, risks, charges, expenses and other information about the respective investment company that you should consider carefully before investing. Please read the prospectuses carefully before investing or sending money. Applicable to Portfolio Director Fixed and Variable Policy Form series UIT-194, UITG-194 and UITG-194P. Annuity contracts typically include limitations, surrender charges, exclusions and expense charges. Standard rate applicable to Policy Forms UIT-194, UITG-194 and UITG-194P. This information is general in nature and may be subject to change. Neither AIG VALIC nor its financial advisors give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal or tax advice concerning your situation, consult your attorney or tax advisor. #40172