-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ht4/mn0RDy5wRSnqNukqlmTo48CngJYDyVW26YJPxPKk71SWL2C3FkevFonBtdUA lqo9A1n/rqa/zqXFhw3v7w== 0000006342-97-000039.txt : 19971103 0000006342-97-000039.hdr.sgml : 19971103 ACCESSION NUMBER: 0000006342-97-000039 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19971031 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: ANCHOR NATIONAL LIFE INSURANCE CO CENTRAL INDEX KEY: 0000006342 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 860198983 STATE OF INCORPORATION: CA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 424B3 SEC ACT: SEC FILE NUMBER: 333-08877 FILM NUMBER: 97705338 BUSINESS ADDRESS: STREET 1: 1 SUNAMERICA CENTER STREET 2: C/O THOMAS B PHILLIPS CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3107726056 MAIL ADDRESS: STREET 1: 1 SUN AMERICA CENTER CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: ANCHOR LIFE INSURANCE CO DATE OF NAME CHANGE: 19600201 424B3 1 424(B) SUPPLEMENT ANCHOR NATIONAL LIFE INSURANCE COMPANY VARIABLE ANNUITY ACCOUNT FIVE _______________________________________________________________ SUPPLEMENT TO SEASONS PROSPECTUS DATED APRIL 3, 1997 Delete the ninth paragraph and the figures contained in the chart under the heading "EXPENSES" of the Profile and replace with the following: The following chart is designed to help you understand the charges in your contract. The column "Total Annual Charges" shows the total of the $35 contract administration charge, the 1.40% insurance charges and the investment charges for each STRATEGY. We converted the contract administration charge to a percentage (.09%) using an assumed contract size of $40,000. The actual impact of this charge on your contract may differ from this percentage.
EXAMPLE: Total Annual Total Annual Total Expenses Total Expenses Insurance Investment Total Annual at end of at end of STRATEGY Charges Charges Charges 1 Year 10 Years - ------------------------------------------------------------------------------------------------------------ Growth 1.49% (1.40% + .09%) 1.25% 2.74% $98 $307 Moderate Growth 1.49% (1.40% + .09%) 1.21% 2.70% $97 $303 Balanced Growth 1.49% (1.40% + .09%) 1.17% 2.66% $97 $299 Conservative Growth 1.49% (1.40% + .09%) 1.12% 2.61% $96 $294
The INVESTMENT PORTFOLIO EXPENSES table under the section entitled "SEASONS VARIABLE ANNUITY FEE TABLES" on page 4 is replaced with the following: INVESTMENT PORTFOLIO EXPENSES (as a percentage of daily net asset value for the Trust's period ended September 30, 1997)
Management Other Total Annual Fee Expenses Expenses ---------- -------- ------------ Stock .85% .36% 1.21% Asset Allocation: Diversified Growth .85% .36% 1.21% Multi-Managed Growth .89% .40% 1.29% Multi-Managed Moderate Growth .85% .36% 1.21% Multi-Managed Income/Equity .81% .33% 1.14% Multi-Managed Income .77% .29% 1.06%
_______________________ THE ABOVE INVESTMENT PORTFOLIO EXPENSES WERE PROVIDED BY SEASONS SERIES TRUST. WE HAVE NOT INDEPENDENTLY VERIFIED THE ACCURACY OF THE INFORMATION. The INVESTMENT PORTFOLIO EXPENSES BY STRATEGY table under the section entitled "SEASONS VARIABLE ANNUITY FEE TABLES" on page 5 is replaced with the following: INVESTMENT PORTFOLIO EXPENSES BY STRATEGY (as a percentage of daily net asset value for the Trust's period ended September 30, 1997)
Management Other Total Annual STRATEGY Fee Expenses Expenses -------- ---------- -------- ------------ Growth .87% .38% 1.25% Moderate Growth .85% .36% 1.21% Balanced Growth .83% .34% 1.17% Conservative Growth .80% .32% 1.12%
The EXAMPLES table under the section entitled "SEASONS VARIABLE ANNUITY FEE TABLES" on page 5 is replaced with the following: EXAMPLES You will pay the following expenses on a $1,000 investment in each STRATEGY, assuming a 5% annual return on assets and: (a) surrender of the contract at the end of the stated time period; (b) if the contract is annuitized or not surrendered. TIME PERIODS STRATEGY 1 YEAR 3 YEARS -------- ------ ------- Growth (a) $98 (a) $145 (b) $28 (b) $ 85 Moderate Growth (a) $97 (a) $144 (b) $27 (b) $ 84 Balanced Growth (a) $97 (a) $143 (b) $27 (b) $ 83 Conservative Growth (a) $96 (a) $141 (b) $26 (b) $ 81 Explanation of Fee Tables and Examples -------------------------------------- 1. The purpose of the Fee Tables is to show you the various expenses you will incur directly and indirectly by investing in the contract. The example reflects owner transaction expenses, separate account expenses and investment portfolio expenses by STRATEGY. 2. For certain investment portfolios in which the STRATEGIES invest, the adviser, SunAmerica Asset Management Corp., has voluntarily agreed to waive fees or reimburse certain expenses, if necessary, to keep annual operating expenses at or below the following percentages of each investment portfolio's average net assets: Stock and Asset Allocation: Diversified Growth Portfolios: 1.21%; Multi-Managed Growth: 1.29%; Multi-Managed Moderate Growth: 1.21%; Multi-Managed Income/Equity: 1.14%; Multi-Managed Income: 1.06%. The adviser also may voluntarily waive or reimburse additional amounts to increase an investment portfolios' investment return. All waivers and/or reimbursements may be terminated at any time. Furthermore, the adviser may recoup any waivers or reimbursements within the following two years, provided that the investment portfolio is able to make such payment and remain in compliance with the foregoing expense limitations. 3. The Examples assume that no transfer fees were imposed. Premium taxes are not reflected but may be applicable. 4. THESE EXAMPLES SHOULD NOT BE CONSIDERED A REPRESENTATION OF PAST OR FUTURE EXPENSES. ACTUAL EXPENSES MAY BE GREATER OR LESS THAN THOSE SHOWN. Date: October 31, 1997 Please keep this Supplement with your prospectus -----END PRIVACY-ENHANCED MESSAGE-----