Polaris Advisor III offered by SunAmerica

Introduction
Type of Product Variable Annuity
Product NamePolaris Advisor III
Offered bySunAmerica
Company Info

SunAmerica is a company tha... read more

Contract and Purchasing
Minimum Premium Payment25000
Maximum Premium Payment1500000
Minimum Additional Premium Payment2500
Maximum Age at Start of Contract86
Investments
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 Limit100
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 Commissions2.5 [Find annuities with lower commissions] [Find annuities with higher commissions]
Contact Information
Company OfferingSunAmerica
Company TypeInsurance Company
Phone Number800-445-7862
Websitehttps://www.sunamerica.com/
Talk to a Financial Advisor
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Reviews and Ratings
Average Review

4/5 from 2 Reviews


Key Phrases:
Annuity Product Types: 

Product Ratings and Reviews

Rating:
5
Average: 5 (1 vote)

In response to the other reviewer (and in defense of the product), the Polaris Advisor III from SunAmerica has no surrender charges.

Seems that this product is maybe intended for the higher-end registered investment advisor market. 

Commissions are low at 2.5 percent and the product is a sort of stripped-down version of their other offerings.

No bells and whistles.

Living benefit riders are not available and high liquidity with the lack of surrender fees.

Seems like it might have been built for the fee-based market.

1,097 reads
Rating:
3
Average: 3 (1 vote)

Anyone know why SunAmerica's Polaris Advisor III?

SunAmerica refers to their guaranteed living benefits as their Income Plus and Income Builder "income protection features".

Neither of these living benefits are available as rider options on Advisor 3.

Also, the minimum and maximum purchase amounts seem very high.

Last, the max commission level is very low at 2.5 percent.

 

1,207 reads

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