Polaris Advantage offered by SunAmerica

Type of Product Variable Annuity
Product NamePolaris Advantage
Offered bySunAmerica
Company Info

SunAmerica is a company tha... read more

Contract and Purchasing
Minimum Premium Payment25000
Maximum Premium Payment1500000
Minimum Additional Premium Payment500
Maximum Age at Start of Contract81
Ability to Select Asset AllocationYes
Total Number of Investment Options50 [Find annuities with more investment options]
Fixed Account
Features and Benefits
Free WithdrawalsYes
Free Withdrawal Limit10
Waiver of Withdrawal ChargesAvailable
Guaranteed Death BenefitAvailable
Are Telephone Transactions AllowedYes
Fees and Expenses
Minimum Total Fees and Expenses2.37 [Find annuities with lower fees and expenses]
Maximum Total Fees and Expenses3.48 [Find annuities with lower fees and expenses]
Minimum Mortality and Expense Risk Charge "M&E Fee"1.65 [Find annuities with lower mortality and expense fees]
Maximum Mortality and Expense Risk Charge "M&E Fee"1.65 [Find annuities with lower mortality and expense fees]
Administrative Fee35.00 [Find annuities with lower administrative fees]
Contract Maintenance Fee0 [Find annuities with lower contract maintenance fees]
Early Withdrawal Charges / Surrender Fees
Minimum Investment Management Fee0.72 [Find annuities with lower investment management fees]
Maximum Investment Management Fee1.83 [Find annuities with lower investment management fees]
Sales Compensation
Maximum Commissions7.5 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingSunAmerica
Company TypeInsurance Company
Phone Number800-445-7862
Talk to a Financial Advisor
Contact Information Connect with a Financial Advisor
Reviews and Ratings
Average Review

5/5 from 1 Reviews

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Product Ratings and Reviews

Average: 5 (1 vote)

Sunamerica offers optional benefits that can be attached to any of their variable annuities.

In my opinion, these optional riders are what make the Sunamerica products interesting.

The Income Plus rider guarantees 6 percent on withdrawals starting as early as 45.

This rider will also credit the difference between the guaranteed 6 percent and any withdrawals that are made during a year.  So if someone withdraws 3 percent, the rider would lock-in an income credit of 3 percent at the end of the year despite the 3 percent withdrawal.

This minimum income benefit is tough to match in the current environment.

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