-----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, TnPiGgy5GIsl4HoUNwUlgB4516Hx7jk/aRurh4CMF2Etoc5mJYR8ZtQJ69wQm3Ay FUc1mN6dvcX9oXMuhrCubw== 0000950148-03-002156.txt : 20030829 0000950148-03-002156.hdr.sgml : 20030829 20030829154742 ACCESSION NUMBER: 0000950148-03-002156 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIG SUNAMERICA LIFE ASSURANCE CO CENTRAL INDEX KEY: 0000006342 IRS NUMBER: 860198983 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 033-87864 FILM NUMBER: 03874281 BUSINESS ADDRESS: STREET 1: 1 SUNAMERICA CENTER STREET 2: C/O LUCIA WILLIAMS CITY: LOS ANGELES STATE: CA ZIP: 90067-6022 BUSINESS PHONE: 3107726000 MAIL ADDRESS: STREET 1: 1 SUN AMERICA CENTER CITY: LOS ANGELES STATE: CA ZIP: 90067-6022 FORMER COMPANY: FORMER CONFORMED NAME: ANCHOR NATIONAL LIFE INSURANCE CO DATE OF NAME CHANGE: 19920929 FORMER COMPANY: FORMER CONFORMED NAME: ANCHOR LIFE INSURANCE CO DATE OF NAME CHANGE: 19600201 424B3 1 v90953f4e424b3.txt 424B3 As filed pursuant to Rule 424(b)(3) under the Securities Act of 1933 Registration No. 33-87864 AIG SUNAMERICA LIFE ASSURANCE COMPANY VARIABLE SEPARATE ACCOUNT SUPPLEMENT TO THE POLARIS PLATINUM II (R-3035-PRN (R 4/03)) PROSPECTUS DATED MAY 1, 2003 - -------------------------------------------------------------------------------- THIS REPLACES THE SUPPLEMENT DATED AUGUST 11, 2003. THE DATE OF THE PROSPECTUS IS CHANGED TO AUGUST 21, 2003. ALL REFERENCES IN THE PROSPECTUS TO THE DATE OF THE STATEMENT OF ADDITIONAL INFORMATION ARE HEREBY CHANGED TO AUGUST 21, 2003. THE FOLLOWING SUPPLEMENTS THE FEE TABLE AND EXPENSE EXAMPLES ON PAGE 5 - 6 OF THE PROSPECTUS: IF YOU PURCHASE YOUR CONTRACT THROUGH CERTAIN BROKER/DEALERS, THE FEE FOR THE CAPITAL PROTECTOR FEATURE IS AS FOLLOWS: OPTIONAL CAPITAL PROTECTOR FEE
Contract Year Annualized Charge ------------- ----------------- 0-7 0.60% 8-10 0.20% 11+ none
The Capital Protector feature is optional and if elected, the fee is calculated as a percentage of your contract value minus Purchase Payments received after the 90th day since you purchased your contract. The fee is deducted from your contract value at the end of the first contract quarter and quarterly thereafter. MAXIMUM AND MINIMUM EXPENSE EXAMPLES IF YOU DO NOT ELECT PRINCIPAL REWARDS These Examples are intended to help you compare the cost of investing in the contract with the cost of investing in other variable annuity contracts. These costs include owner transaction expenses, contract maintenance fees, separate account annual expense, fees for optional features and expenses for the underlying portfolios of the Trusts. The Examples assume that you invest $10,000 in the contract for the time periods indicated; that your investment has a 5% return each year; no withdrawals and that the maximum and minimum fees and expenses of the underlying portfolios of the Trusts are reflected. Although your actual costs may be higher or lower, based on these assumptions, your costs at the end of the stated period would be: MAXIMUM EXPENSE EXAMPLES (ASSUMING MAXIMUM SEPARATE ACCOUNT ANNUAL EXPENSES OF 1.77%, INCLUDING ESTATEPLUS AND INVESTMENT IN AN UNDERLYING PORTFOLIO WITH TOTAL EXPENSES OF 2.38%) (1) IF YOU SURRENDER YOUR CONTRACT AT THE END OF THE APPLICABLE TIME PERIOD AND YOU ELECT THE OPTIONAL ESTATEPLUS AND CAPITAL PROTECTOR FEATURES WITH THE FOLLOWING CHARGES (0.25% AND 0.60% RESPECTIVELY):
1 YEAR 3 YEARS 5 YEARS 10 YEARS $1,180 $1,944 $2,712 $4,734
(2) IF YOU DO NOT SURRENDER YOUR CONTRACT AND YOU ELECT THE OPTIONAL ESTATEPLUS AND CAPITAL PROTECTOR FEATURES WITH THE FOLLOWING CHARGES (0.25% AND 0.60% RESPECTIVELY):
1 YEAR 3 YEARS 5 YEARS 10 YEARS $480 $1,444 $2,412 $4,734
(3) IF YOU ANNUITIZE YOUR CONTRACT: Page 1 of 2
1 YEAR 3 YEARS 5 YEARS 10 YEARS $392 $1,189 $2,004 $4,121
MINIMUM EXPENSE EXAMPLES (ASSUMING MINIMUM SEPARATE ACCOUNT ANNUAL EXPENSES OF 1.52% AND INVESTMENT IN AN UNDERLYING PORTFOLIO WITH TOTAL EXPENSES OF 0.60%) (1) IF YOU SURRENDER YOUR CONTRACT AT THE END OF THE APPLICABLE TIME PERIOD AND YOU DO NOT ELECT ANY OPTIONAL FEATURES:
1 YEAR 3 YEARS 5 YEARS 10 YEARS $920 $1,179 $1,464 $2,503
(2) IF YOU DO NOT SURRENDER YOUR CONTRACT AND YOU DO NOT ELECT ANY OPTIONAL FEATURES:
1 YEAR 3 YEARS 5 YEARS 10 YEARS $220 $679 $1,164 $2,503
(3) IF YOU ANNUITIZE YOUR CONTRACT:
1 YEAR 3 YEARS 5 YEARS 10 YEARS $215 $664 $1,139 $2,452
THE CAPITAL PROTECTOR FEE ON PAGE 9 OF THE PROSPECTUS IS SUPPLEMENTED WITH THE FOLLOWING: If you purchase your contract through certain broker/dealers, the fee for the Capital Protector features is as follows:
CONTRACT YEAR ANNUALIZED CHARGE * ------------- ------------------- 0-7 0.60% 8-10 0.20% 11+ none
* As a percentage of your contract value minus purchase payments received after the 90th day since the purchase of your contract. The amount of this charge is subject to change at any time for prospectively issued contracts. THE FOLLOWING IS ADDED AS THE SECOND TO LAST PARAGRAPH IN THE FIXED ACCOUNT OPTIONS OF THE PROSPECTUS: If available, you may systematically transfer interest earned in available fixed account guarantee periods ("FAGPs") into any of the Variable Portfolios on certain periodic schedules offered by Us. You may change or terminate these systematic transfers by contacting Our Annuity Service Center. Check with your financial representative about the current availability of this service. THE FOLLOWING REPLACES THE PARAGRAPH TITLED "ANNUAL RE-EVALUATION" UNDER THE ASSET ALLOCATION PROGRAM ON PAGE 13 OF THE PROSPECTUS: ANNUAL RE-EVALUATION Each year, on or about March 31, the allocations in every model are re-evaluated and updated to assure that the investment objectives remain consistent. The percentage allocations within each model may change and investment options may be added to or deleted from a model as a result of the annual re-evaluation. We will automatically rebalance your investment according to the reevaluation allocations each year at or around March 31. If you choose not to participate in the re-evaluation part of this program, you must contact the Annuity Service Center. Some broker-dealers require that you consent to the re-evaluation each year and will not allow Us to automatically rebalance your contract in accordance with the re-evaluated models. Please check wit your financial representative to determine the protocol for his/her firm. Date: August 21, 2003 Please keep this Supplement with your Prospectus. Page 2 of 2
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