424B3 1 v78372b3e424b3.txt 424B3 ANCHOR NATIONAL LIFE INSURANCE COMPANY VARIABLE SEPARATE ACCOUNT (PORTION RELATING TO THE POLARIS(II) VARIABLE ANNUITY) ------------------------------ SUPPLEMENT TO THE POLARIS(II) PROSPECTUS (FEATURING THE PRINCIPAL REWARDS PROGRAM) DATED OCTOBER 15, 2001 The portion of the prospectus relating to the Principal Rewards feature located on pages 11-12 is supplemented with the following: CURRENT ENHANCEMENT LEVELS The Enhancement Levels, Upfront Payment Enhancement Rate, Deferred Payment Enhancement Rate and Deferred Payment Enhancement Date applicable to all Purchase Payments received after April 15, 2002, are as follows:
UPFRONT PAYMENT DEFERRED PAYMENT DEFERRED PAYMENT ENHANCEMENT LEVEL ENHANCEMENT RATE ENHANCEMENT RATE ENHANCEMENT DATE ----------------- ---------------- ---------------- -------------------- Under $40,000 2% 0% N/A $40,000 - $99,999 4% 0% N/A Nine years from the $100,000 - $499,999 4% 1% date we receive each Purchase Payment. Nine years from the $500,000 -- more 5% 1% date we receive each Purchase Payment.
The applicable Payment Enhancement rate is that which is in effect, when we receive each purchase payment under your contract. Future Upfront Enhancement Rates may change at any time, but will never be less than 2%. Deferred Payment Enhancement Rates may increase, decrease or stay the same; there is no minimum Deferred Payment Enhancement Rate. The Date on which you may receive any applicable future Deferred Payment Enhancement may change; it may be less than nine years or greater than nine years. Date: April 15, 2002 Please keep this Supplement with your Prospectus. Page 1 of 1