The StarStream variable annuity combines four protected lifetime income benefits* with an investment platform designed for growth, allowing you to customize contracts based on your individual needs and goals.
What is a variable annuity?
Income in retirement used to be provided by employee pensions, which have been mostly replaced by 401(k) and IRA plans. While both have their pros and cons, a variable annuity can provide many of the same benefits of both types of plans. Variable annuities offer the potential for guaranteed lifetime income, similar to pensions, along with flexible investment options and tax-deferred growth, like 401(k) and IRA plans.
Variable annuities involve fees, investment risk, including possible loss of principal, and may not be suitable for all investors.
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Additional features
StarStream variable annuity offers tax advantages that help keep your assets working through tax-deferred growth. In certain situations, it may also provide added benefits that support legacy planning strategies, giving you more flexibility in addressing your needs.
StarStream variable annuity
Now that you understand why a variable annuity may be right for you, it might be a good time for you and your financial professional to consider why AuguStar Retirement has some of the best options available for you to choose from.
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AuguStar Retirement’s annuity products are built with integrity, so you can have confidence in our commitment to long term financial strength and fulfilling our obligations.
* Only one Optional Benefit may be elected per contract and may not be changed once elected. Optional Benefits are available for an additional fee.
Variable annuities are long-term investments designed for retirement, subject to market risk, and may lose value. Please read the product and fund prospectuses carefully before you invest or send money. Contact your financial professional or visit augustarfinancial.com to obtain current prospectuses. Investors should consider the investment objectives, strategies, risk factors and charges and expenses of the underlying variable portfolios carefully before investing. The fund prospectus contains this and other information about the underlying variable portfolios.
All contract and optional benefit guarantees are subject to the claims-paying ability of AuguStar Life Insurance Company. Guarantees do not apply to the investment performance or account value of the underlying variable portfolios.
Investments in variable annuities are subject to market risks, including the potential loss of principal. Unit values will fluctuate with the performance of underlying investments, and returns may vary by asset class, investment style, or prevailing economic conditions. Certain asset classes may exhibit greater volatility, and bond portfolios are exposed to interest rate, credit, inflation, and market risks. Tax considerations, including differences in treatment of capital gains and dividends, as well as applicable fees, may affect investment outcomes.
There is no additional tax-deferral benefit for contracts purchased in an IRA or other tax-qualified retirement plans because such retirement plans already have tax-deferred status. An annuity should only be purchased in an IRA or qualified plan if the contract owner values some of the other features of the annuity and is willing to incur any additional costs associated with the annuity.
Early withdrawals may be subject to withdrawal charges. Withdrawals may be subject to ordinary income tax and, if taken prior to age 59½, an additional 10% federal tax may apply. Withdrawals may reduce the death benefit, full Withdrawal amount and Optional Benefit amounts. Product availability, including features and benefits, varies by state. Please contact your financial professional for current availability and information. Issuer is not licensed to conduct business in New York.
StarStream variable annuity ICC25-VA-1 and ICC25-VA-1U is distributed by AuguStar Distributors, Inc., Member FINRA.