M&A - FS VARIABLE ANNUITY ACCOUNT FIVE

Form Type: 497

Filing Date: 2025-04-23

Corporate Action: Merger

Type: Update

Accession Number: 000104456125000007

Filing Summary: This document serves as a supplement to the prospectus for several variable annuity products under the FS Variable Annuity Account Five by American General Life Insurance Company and The United States Life Insurance Company. It details several changes to investment options effective on or about April 28, 2025. Notable changes include the renaming of certain portfolios and the merger of specific funds. The SA American Century Inflation Protection Portfolio has been renamed to SA American Century Inflation Managed Portfolio, and the SA Putnam Asset Allocation Diversified Growth Portfolio has been renamed to SA Franklin Allocation Moderately Aggressive Portfolio with a new subadvisor, Franklin Advisers, Inc. Furthermore, the SA T. Rowe Price Growth Stock Portfolio has merged into the SA MFS Blue Chip Growth Portfolio, which is now renamed SA MFS Large Cap Growth Portfolio. Additionally, various shares of Target Underlying Funds have merged into corresponding shares of Acquiring Underlying Funds. Effective on or about April 30, 2025, BlackRock Investment Management, LLC will serve as a sub-advisor for multiple funds. These changes reflect an ongoing effort to enhance the available investment options for policyholders.

Form Type: 497

Filing Date: 2025-04-23

Corporate Action: Merger

Type: Update

Accession Number: 000104456125000008

Filing Summary: This document serves as a supplement dated April 28, 2025, detailing changes to the investment options available under various variable annuity contracts, affecting FS Variable Annuity Account Five and The United States Life Insurance Company in the City of New York. Key changes include a renaming of the SA American Century Inflation Protection Portfolio to the SA American Century Inflation Managed Portfolio and the renaming of the SA Putnam Asset Allocation Diversified Growth Portfolio to SA Franklin Allocation Moderately Aggressive Portfolio with Franklin Advisers, Inc. as its subadvisor. A significant merger is noted where the SA T. Rowe Price Growth Stock Portfolio merged into the SA MFS Blue Chip Growth Portfolio, which was subsequently renamed SA MFS Large Cap Growth Portfolio. Additionally, a merger involving Target and Acquiring Underlying Funds is described, wherein different classes of shares from the Target Underlying Funds have merged into the respective classes of the Acquiring Underlying Funds, resulting in the removal of references to the Target Underlying Funds in the prospectus. Furthermore, it is indicated that starting April 30, 2025, BlackRock Investment Management, LLC will become a sub-advisor for several portfolios, enhancing the advisory management of these funds. Investors are encouraged to visit the provided website or call the specified number for more information regarding the changes and fund prospectuses.

Form Type: 497

Filing Date: 2025-04-23

Corporate Action: Merger

Type: Update

Accession Number: 000104456125000009

Filing Summary: This supplement details changes to investment options under the variable annuity contracts, effective April 28, 2025. Key updates include the renaming of the SA American Century Inflation Protection Portfolio to SA American Century Inflation Managed Portfolio and the SA Putnam Asset Allocation Diversified Growth Portfolio to SA Franklin Allocation Moderately Aggressive Portfolio, with Franklin Advisers, Inc. appointed as its subadvisor. Additionally, several portfolios merged into others: the SA T. Rowe Price Growth Stock Portfolio merged into SA MFS Blue Chip Growth Portfolio, renamed SA MFS Large Cap Growth Portfolio. Class Shares of the Target Underlying Funds experienced mergers with the Acquiring Underlying Funds, resulting in the removal of references to the Target Underlying Funds from the prospectus. BlackRock Investment Management, LLC will become a sub-advisor to several funds effective April 30, 2025, including the SA Multi-Managed International Equity Portfolio and others.

Form Type: 497

Filing Date: 2025-04-23

Corporate Action: Merger

Type: Update

Accession Number: 000104456125000010

Filing Summary: This document is a supplement dated April 28, 2025, to the prospectus for various variable annuity products issued by FS Variable Annuity Account Five and other associated accounts. It details significant changes to investment options available under these contracts effective April 28, 2025. Key updates include the renaming of several portfolios, such as the renaming of the SA American Century Inflation Protection Portfolio to SA American Century Inflation Managed Portfolio and the SA Putnam Asset Allocation Diversified Growth Portfolio to SA Franklin Allocation Moderately Aggressive Portfolio, which now has Franklin Advisers, Inc. as its subadvisor. Furthermore, the document highlights that the SA T. Rowe Price Growth Stock Portfolio merged into the SA MFS Blue Chip Growth Portfolio, which has been renamed to SA MFS Large Cap Growth Portfolio. The Target Underlying Funds also underwent a merger into Acquiring Underlying Funds, where references to Target Underlying Funds have been removed from the prospectus. Additionally, effective April 30, 2025, BlackRock Investment Management, LLC will serve as a sub-advisor to several funds. Further details regarding fund prospectuses are accessible through the provided website or by calling a designated phone number.

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000072952225000041

Filing Summary: This document serves as a supplement to various variable annuity prospectuses regarding the expected reorganization of certain Underlying Funds associated with the FS Variable Annuity Account Five. Effective on or about April 28, 2025, selected Underlying Funds of the Seasons Series Trust (Target Underlying Funds) will be merged into the Underlying Funds of the Seasons Series Trust and SunAmerica Series Trust (Acquiring Underlying Funds). Detailed information on the specific Target and Acquiring Underlying Funds is provided, including advisor details and the structure of share class changes. Investors are assured that on the Effective Date, their total investment value will remain unchanged, and they are encouraged to retain this supplement with their policy prospectus for future reference. The notice also outlines that asset transfers to the Acquiring Funds will not count against annual free transfer limits.

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: New

Accession Number: 000072952225000042

Filing Summary: This document serves as a supplement informing owners of variable annuity contracts from FS Variable Annuity Account Five about the upcoming reorganization of certain Underlying Funds associated with the Seasons Series Trust. Effective on or about April 28, 2025, these Target Underlying Funds will be reorganized into the Acquiring Underlying Funds of Seasons Series Trust and SunAmerica Series Trust. The document outlines the details of the reorganization, including the specific portfolios being merged, such as the SA Multi-Managed Income Portfolio into the SA Allocation Balanced Portfolio, among others. Key details about the share classes and the implications for investors are provided, stating that the total value of shares will remain the same on the Effective Date, and information on how to request additional fund prospectus copies.

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000072952225000043

Filing Summary: This document is a supplement dated January 28, 2025, for owners of variable annuity contracts informing them about the expected reorganization of certain Underlying Funds from Seasons Series Trust to both Seasons Series Trust and SunAmerica Series Trust, effective on or about April 28, 2025. The reorganization will involve multiple portfolios including the SA Multi-Managed Income Portfolio being reorganized into the SA Allocation Balanced Portfolio and other similar transformations. Share classes and total values of investments will be maintained during this transition. Further information regarding the Underlying Funds can be accessed through the provided website or by contacting the Annuity Service Center.

Form Type: 497

Filing Date: 2025-01-28

Corporate Action: Merger

Type: Update

Accession Number: 000072952225000044

Filing Summary: This document provides an update regarding the expected reorganization of certain Underlying Funds of Seasons Series Trust into the Underlying Funds of Seasons Series Trust and SunAmerica Series Trust, effective on or about April 28, 2025. The reorganization will involve multiple portfolios, including the SA Multi-Managed Income Portfolio, SA Multi-Managed Growth Portfolio, and others transitioning into corresponding Acquiring Underlying Funds. Share classes will be reorganized according to specified classes and total values will be maintained. Specific details about the Target and Acquiring Underlying Funds are provided, along with instructions for obtaining additional information and contact details for inquiries.