Polaris Select Investor is issued by American General Life Insurance Company, except in New York where it is issued by The United States Life Insurance Company of New York.
AIG individual retirement products senior vice president Bryan Pinsky said: "As Americans take even greater personal responsibility for their financial futures, developing industry leading products that meet their evolving needs becomes increasingly important.
"Polaris Select Investor is one of the many products that AIG has developed to help individuals prepare financially for retirement.
"There’s a growing segment of consumers today who are specifically looking for products that offer accumulation and investment opportunities within a tax-advantaged investment."
Providing clients more investment choice with 33 top-tier money managers and 90+ portfolios that cross 22 asset classes, the new variable annuity also delivers professionally designed asset allocation models.
Additionally, Polaris Select Investor also offers enhanced access to alternative and risk-managed investment strategies once reserved for hedge funds and institutional investors.
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By GlobalDataOperating across 130 nations and regions, AIG companies offers life insurance and retirement services in the US.