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Compliance Bulletin: DOL Fiduciary Rule


Dear Selling Agency/Agent:

As you may be aware, even with the delay in the DOL Fiduciary Rule, some components of the Rule become applicable on June 9, 2017. Please see the Compliance Bulletin from the AIG Life Companies regarding sales of our annuity contracts as of June 9. It outlines our understanding of your obligations and role. Please read it carefully. Beginning June 9, we will require an attestation from the writing agent that the agent is conducting business in accordance with the Rule when selling our annuities. The attestation will be included under the existing "Financial Professional's Statement" or "Agent Certification" signature page of the Owner Acknowledgement and Disclosure Statement. If you have questions, please contact your marketing organization or AIG representative or the Annuity Service Center at AnnuityServiceCenter@aig.com.

Please note: Because many producers sell both annuities and life insurance with the AIG Life Companies, you may receive similar notices from other business units.

We appreciate your business, and remain committed to helping you meet the retirement planning and income needs of your clients. Thank you.