Variable Annuity Life Insurance Separate Account A Co

11/18/2024 | Press release | Distributed by Public on 11/18/2024 06:32

Prospectus by Investment Company - Form 497

497
SUPPLEMENT DATED NOVEMBER 18, 2024
TO THE PROSPECTUS AND INITIAL SUMMARY PROSPECTUS, EACH DATED APRIL 29, 2024
THE VARIABLE ANNUITY LIFE INSURANCE COMPANY
SEPARATE ACCOUNT A
Fixed and Variable Deferred Annuity Contracts
Potentia®
This supplement updates certain information in the above referenced prospectus and initial summary prospectus (collectively, the "Prospectus"). Except as indicated in this supplement, all other information included in the Prospectus and Appendix A-Funds Available Under the Contract ("Appendix A"), including the footnotes, remains unchanged. You should read this supplement in conjunction with your Prospectus and retain it for future reference. All capitalized terms used but not defined herein have the same meaning as those included in the Prospectus. The Prospectus is revised as follows:
In the "Important Information You Should Consider About the Contract" section, the following changes are made:
In the "Ongoing Fees and Expenses (annual charges)" section of the "FEES AND EXPENSES" table, the minimum fee for Investment Options is 0.21% and the Lowest Annual Cost is $1,688. Additionally, the maximum fee for Investment Options is 0.96% and the Highest Annual Cost is $2,441.
In the "Fee Tables" section in the prospectus and the "Additional Information About Fees" section in the initial summary prospectus, the following changes are made:
In the "Annual Fund Expenses" table, the minimum Annual Fund Expenses is 0.21% and the maximum Annual Fund Expenses is 0.96%.
In the "Examples" section, the following replaces the most expense examples:
The first set of examples assumes the most expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:
If you surrender your Contract at the end of the applicable time period:
1 Year
3 Years
5 Years
10 Years
$2,441
$7,517
$12,864
$27,505
(2) If you annuitize your Contract or you do notsurrender your Contract:
1 Year
3 Years
5 Years
10 Years
$2,441
$7,517
$12,864
$27,505
The second set of examples assumes the least expensive combination of annual Contract expenses and annual Fund expenses. Based on these assumptions, your costs would be:
(1) If you surrender your Contract at the end of the applicable time period:
1 Year
3 Years
5 Years
10 Years
$1,688
$5,237
$9,032
$19,704
(2) If you annuitize your Contract or you do notsurrender your Contract:
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1 Year
3 Years
5 Years
10 Years
$1,688
$5,237
$9,032
$19,704
The following table replaces similar table in its entirety in Appendix A:
Type
Fund - Share Class
Adviser/Sub-Adviser1
Current
Expenses
Platform
Charge4
Current
Expenses
+
Platform
Charge
Average Annual
Total Returns
(as of Dec. 31, 2023)
1 Year
5 Year
10 Year
(or life of fund)
Domestic
Large-Cap
Equity
Capital Appreciation Fund2
Adviser: VALIC
Sub-Adviser: Columbia Management Investment Advisers,
LLC
0.77%
None
0.77%
41.16%
16.74%
12.26%
Growth Fund2, 3
Adviser: VALIC
Sub-Advisers: BlackRock Investment Management, LLC
and SunAmerica Asset Management, LLC (an affiliate of
VALIC due to common ownership)
0.62%
None
0.62%
46.94%
16.27%
12.40%
Large Capital Growth Fund2
Adviser: VALIC
Sub-Adviser: Massachusetts Financial Services Company
0.70%
None
0.70%
23.93%
16.70%
12.73%
Stock Index Fund2, 3
Adviser: VALIC
Sub-Adviser: SunAmerica
0.23%
None
0.23%
25.80%
15.32%
11.67%
Systematic Core Fund2, 3
Adviser: VALIC
Sub-Adviser: Goldman Sachs Asset Management, L.P.
0.64%
None
0.64%
24.03%
15.42%
11.47%
Domestic Mid-
Cap Equity
Mid Cap Index Fund2
Adviser: VALIC
Sub-Adviser: SunAmerica
0.35%
None
0.35%
15.94%
12.21%
8.92%
Mid Cap Strategic Growth Fund2
Adviser: VALIC
Sub-Advisers: Janus Henderson Investors US LLC and
Voya Investment Management Co. LLC
0.74%
None
0.74%
22.41%
15.16%
10.39%
Domestic Small-
Cap Equity
Small Cap Growth Fund2, 3
Adviser: VALIC
Sub-Advisers: American Century Investment Management,
Inc. and T. Rowe Price Associates, Inc.
0.87%
None
0.87%
14.28%
10.05%
8.78%
Small Cap Index Fund2, 3
Adviser: VALIC
Sub-Adviser: SunAmerica
0.37%
None
0.37%
16.35%
9.57%
6.88%
Global Equity
(International
and Domestic)
International Socially Responsible Fund2, 3
Adviser: VALIC
Sub-Adviser: SunAmerica
0.58%
None
0.58%
18.35%
8.68%
6.96%
International
Equity
Emerging Economies Fund2
Adviser: VALIC
Sub-Adviser: BlackRock
0.95%
None
0.95%
12.11%
3.30%
1.89%
Specialty
Science & Technology Fund2, 3
Adviser: VALIC
Sub-Advisers: BlackRock and Voya
0.91%
None
0.91%
55.79%
18.42%
15.69%
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Type
Fund - Share Class
Adviser/Sub-Adviser1
Current
Expenses
Platform
Charge4
Current
Expenses
+
Platform
Charge
Average Annual
Total Returns
(as of Dec. 31, 2023)
1 Year
5 Year
10 Year
(or life of fund)
Hybrid
(Equity and
Fixed Income)
Aggressive Growth Lifestyle Fund2, 3
Adviser: VALIC
Sub-Adviser: J.P. Morgan Investment Management Inc.
0.58%
None
0.58%
17.04%
9.69%
6.61%
Conservative Growth Lifestyle Fund2, 3
Adviser: VALIC
Sub-Adviser: JPMIM
0.62%
None
0.62%
11.24%
5.86%
4.15%
Moderate Growth Lifestyle Fund2, 3
Adviser: VALIC
Sub-Adviser: JPMIM
0.58%
None
0.58%
14.09%
8.46%
5.91%
Fixed Income
Core Bond Fund2
Adviser: VALIC
Sub-Advisers: PineBridge Investments LLC and JPMIM
0.48%
None
0.48%
6.51%
1.70%
1.96%
Goldman Sachs VIT Government Money Market Fund3-
Institutional Shares
Adviser: Goldman Sachs
0.18%
None
0.18%
5.05%
1.82%
1.19%*
You should read the prospectuses for the above referenced Funds for more detailed information about the Funds. These prospectuses may be obtained by vising our website at https://www.corebridgefinancial.com/rs/prospectus-and-reports/annuities or by calling us at 1-800-448-2542.
Please keep this supplement with your Prospectus.
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