0000051931-12-000700.txt : 20121022 0000051931-12-000700.hdr.sgml : 20121022 20121022124720 ACCESSION NUMBER: 0000051931-12-000700 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121022 DATE AS OF CHANGE: 20121022 EFFECTIVENESS DATE: 20121022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN FUNDS INSURANCE SERIES CENTRAL INDEX KEY: 0000729528 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-86838 FILM NUMBER: 121154190 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FUND INSURANCE SERIES DATE OF NAME CHANGE: 20010829 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN VARIABLE INSURANCE SERIES DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN PATHWAY FUND DATE OF NAME CHANGE: 19880531 0000729528 S000038240 Protected Asset Allocation Fund C000117906 Class P1 C000117907 Class P2 497 1 vipaa497xbrl.htm AMERICAN FUNDS INSURANCE SERIES - PROTECTED ASSET ALLOCATION FUND vipaa497xbrl.htm
 
 
American Funds Insurance Series
333 South Hope Street
Los Angeles, California  90071-1406

Phone (213) 486 9447
Fax (213) 486 9455
E-mail: siik@capgroup.com

Steven I. Koszalka
Secretary






October 22, 2012
 

 
Document Control
Division of Investment Management
Securities and Exchange Commission
Office of Insurance Products
100 F Street, NE
Washington, DC 20549
 

Re:
American Funds Insurance Series
 
File No. 002-86838 and No. 811-03857
   
 
Dear Sir or Madam:

This filing is being made pursuant to 497 in order to comply with the XBRL requirements applicable to investment companies under Rule 405 of Regulation S-T.  This filing is being made in connection with the above referenced Registrant's filing of its registration statement pursuant to Rule 497 on September 28, 2012.
 

 
Sincerely,

/s/ Steven I. Koszalka

Steven I. Koszalka

Attachment
 

 
cc:
Sally Samuel
 
Division of Investment Management –
           
Office of Insurance Products

EX-101.INS 2 ck0000729528-20120928.xml Other 2012-09-28 0000729528 2012-09-28 AMERICAN FUNDS INSURANCE SERIES false 2012-09-28 2012-09-17 As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers. <tt>The fund may pay transaction costs, such as commissions, when it buys and sells<br />securities and other investments (or "turns over" its portfolio). A higher<br />portfolio turnover rate may indicate higher transaction costs and may result in<br />higher taxes when fund shares are held in a taxable account. These costs, which<br />are not reflected in annual fund operating expenses or in the example, affect<br />the fund's investment results.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000038240Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund's investment objective is to provide you with high total return<br />(including income and capital gains) consistent with preservation of capital<br />over the long term while seeking to manage volatility and provide downside<br />protection.</tt> <tt>This example is intended to help you compare the cost of investing in Class P2<br />shares of the fund with the cost of investing in other mutual funds. The example <br />assumes that you invest $10,000 in the fund for the time periods indicated and <br />then redeem all of your shares at the end of those periods. The example also <br />assumes that your investment has a 5% return each year and that the fund's <br />operating expenses remain the same. The example does not reflect insurance <br />contract expenses. If insurance contract expenses were reflected, expenses <br />shown would be higher.</tt> <tt>The fund pursues its investment objective by investing in shares of an underlying <br />fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking <br />to manage portfolio volatility and provide downside protection primarily through <br />the use of exchange-traded futures contracts.<br /> <br />The investment objective of the underlying fund is to provide investors with<br />high total returns (including income and capital gains) consistent with<br />preservation of capital over the long term. The underlying fund invests in a<br />diversified portfolio of common stocks and other equity securities, bonds and<br />other intermediate and long-term debt securities, and money market instruments<br />(debt securities maturing in one year or less). The underlying fund varies its<br />mix of equity securities, debt securities and money market instruments. Under<br />normal market conditions, the underlying fund's investment adviser expects (but<br />is not required) to maintain an investment mix falling within the following<br />ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40% in<br />money market instruments. As of December 31, 2011, the underlying fund was<br />approximately 75% invested in equity securities, 21% invested in debt securities <br />and 4% invested in money market instruments. The proportion of equities, debt <br />and money market securities held by the underlying fund varies with market <br />conditions and the investment adviser's assessment of their relative <br />attractiveness as investment opportunities.<br />&#xA0;&#xA0;<br />Although the underlying fund focuses on investments in medium to larger<br />capitalization companies, its investments are not limited to a particular<br />capitalization size. The underlying fund may invest up to 15% of its assets in<br />common stocks and other equity securities of issuers domiciled outside the<br />United States and up to 5% of its assets in debt securities of issuers domiciled <br />outside the United States. In addition, the underlying fund may invest up to 25% <br />of its debt assets in lower quality debt securities (rated Ba1 or below and BB+ <br />or below by Nationally Recognized Statistical Rating Organizations designated <br />by the fund's investment adviser or unrated but determined to be of equivalent <br />quality by the fund's investment adviser). Such securities are sometimes referred <br />to as "junk bonds."<br /> <br />The fund employs a risk-management overlay referred to in this prospectus as<br />the protection strategy. The protection strategy consists of using hedge<br />instruments -- primarily short positions in of exchange-traded futures<br />contracts -- to attempt to stabilize the volatility of the fund around a target<br />volatility level and reduce the downside exposure of the fund during periods of<br />significant and sustained market declines. The fund employs a sub-adviser to<br />select individual futures contracts on equity indexes of U.S. markets and<br />markets outside the United States that the sub-adviser believes are correlated<br />to the underlying fund's equity exposure. These instruments are selected based<br />on the sub-adviser's analysis of the relation of various equity indexes to the<br />underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity <br />levels of relevant futures contracts and transparency provided by exchanges as <br />the counterparties in hedging transactions. The target volatility level will be <br />set from time to time by the investment adviser and the sub-adviser and may be <br />adjusted if deemed advisable in the judgment of the investment adviser and the <br />sub-adviser. The sub-adviser may also seek to hedge the fund's currency risk <br />related to its exposure to equity index futures denominated in currencies other <br />than the U.S. dollar.<br /> <br />A futures contract on an index is an agreement pursuant to which two parties<br />agree to take or make delivery of an amount of cash linked to the value of the<br />index at the close of the last trading day of the contract. A futures contract<br />is considered a derivative because it derives its value from the price of the<br />underlying index. A short position in an index futures contract gains in value<br />when the underlying index declines and loses value when the underlying index<br />rises.<br /> <br />The sub-adviser will regularly adjust the level of exchange-traded futures<br />contracts to seek to manage the overall net risk level of the fund. Even in<br />periods of low volatility in the equity markets, the sub-adviser will continue<br />to use the hedging techniques to seek to preserve gains after favorable market<br />conditions and reduce losses in adverse market conditions. In situations of<br />extreme market volatility, the exchange-traded equity index futures could<br />significantly reduce the fund's net economic exposure to equity securities. The<br />fund's investment in exchange-traded futures and their accompanying costs could<br />limit the fund's gains in rising markets relative to those of the underlying<br />fund, or to those of unhedged funds in general.<br /> <br />The fund is non-diversified, which allows it to invest a greater percentage of<br />its assets in any one issuer than would otherwise be the case. However, through<br />the underlying fund, the fund owns a diversified mix of equity and fixed-income<br />securities.</tt> Protected Asset Allocation Fund/SM/ EXAMPLE Based on estimated amounts for the current fiscal year. Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus. INVESTMENT OBJECTIVE YOU MAY LOSE MONEY BY INVESTING IN THE FUND. PRINCIPAL RISKS Although your actual costs may be higher or lower, based on these assumptions your costs would be: INVESTMENT RESULTS ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT) PORTFOLIO TURNOVER <tt>THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL<br />INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE<br />LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.<br />INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO<br />TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO<br />UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY<br />RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.<br /> <br />Fund structure -- The fund invests in an underlying fund and incurs expenses<br />related to the underlying fund. In addition, investors in the fund will incur<br />fees to pay for certain expenses related to the operations of the fund. An<br />investor holding the underlying fund directly would incur lower overall<br />expenses but would not receive the benefit of the protection strategy.<br /> <br />Underlying fund risks -- Because the fund's investments consist of an<br />underlying fund, the fund's risks are directly related to the risks of the<br />underlying fund. For this reason, it is important to understand the risks<br />associated with investing both in the fund and the underlying fund.<br /> <br />Futures -- A futures contract is considered a derivative because it derives its<br />value from the price of the underlying security or financial index. The prices<br />of futures contracts can be volatile, and futures contracts may be illiquid. In<br />addition, there may be imperfect or even negative correlation between the price<br />of a futures contract and the price of the underlying securities.<br /> <br />Hedging -- Futures contracts may not provide an effective hedge of the underlying <br />securities or indexes because changes in the prices of futures contracts may not <br />track those of the securities or indexes they are intended to hedge. In addition, <br />the protection strategy may not effectively protect the fund from market declines <br />and will limit the fund's participation in market gains. The use of the protection <br />strategy could cause the fund to underperform as compared to the underlying fund <br />in certain rising market conditions.<br /> <br />Short positions -- Losses from short positions in futures contracts occur when<br />the underlying index increases in value. As the underlying index increases in<br />value, the holder of the short position in the corresponding futures contract<br />is required to pay the difference in value of the futures contract resulting<br />from the increase in the index on a daily basis. Losses from a short position<br />in an index futures contract could potentially be very large if the value of<br />the underlying index rises dramatically in a short period of time.<br /><br />Market conditions -- The prices of, and the income generated by, the common<br />stocks, bonds and other securities held by the underlying fund may decline due<br />to market conditions and other factors, including those directly involving the<br />issuers of securities held by the underlying fund.<br /> <br />Investing in growth-oriented stocks -- Growth-oriented stocks may involve<br />larger price swings and greater potential for loss than other types of<br />investments.<br /> <br />Investing in income-oriented stocks -- Income provided by the underlying fund<br />may be reduced by changes in the dividend policies of, and the capital<br />resources available at, the companies in which the underlying fund invests.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the underlying fund <br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks<br />may be increased with respect to investments in junk bonds. The value of the<br />underlying fund may be similarly affected.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other securities, which may make them more difficult to<br />value, acquire or sell.<br /> <br />Investing outside the United States -- Securities of issuers domiciled outside<br />the United States, or with significant operations outside the United States,<br />may lose value because of political, social, economic or market developments or<br />instability in the countries or regions in which the issuer operates. These<br />securities may also lose value due to changes in foreign currency exchange<br />rates against the U.S. dollar and/or currencies of other countries. Securities<br />markets in certain countries may be more volatile and/or less liquid than those<br />in the United States. Investments outside the United States may also be subject<br />to different settlement and accounting practices and different regulatory,<br />legal and reporting standards, and may be more difficult to value, than those<br />in the United States.<br /> <br />Asset allocation -- The underlying fund's percentage allocations to equity<br />securities, debt securities and money market instruments could cause the fund<br />to underperform relative to relevant benchmarks and other funds with similar<br />investment objectives.<br /> <br />Non-diversification -- As a non-diversified fund, the fund has the ability to<br />invest a larger percentage of its assets in the securities of a smaller number<br />of issuers than a diversified fund. Therefore, poor performance by a single<br />large holding could adversely impact the fund's investment results more than if<br />the fund were invested in a larger number of issuers.<br /> <br />Management -- The investment adviser to the fund and to the underlying fund<br />actively manages the underlying fund's investments. Consequently, the<br />underlying fund is subject to the risk that the methods and analyses employed<br />by the investment adviser in this process may not produce the desired results.<br />In addition, the fund is subject to the risk that the methods employed by the<br />sub-adviser in implementing the protection strategy may not produce the desired<br />results. Either, or both, of these activities could cause the underlying fund<br />to lose value or its investment results to lag relevant benchmarks or other<br />funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund fits<br />into your overall investment program.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>Because the fund will begin investment operations on September 28, 2012,<br />information regarding investment results is not available as of the date <br />of this prospectus.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />an interest in Class P2 shares of the fund. It does not reflect insurance contract <br />fees and expenses. If insurance contract fees and expenses were reflected, expenses <br />shown would be higher.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000038240Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. 105 349 -0.0010 0.0033 0.0025 2013-12-31 0.0025 0.0103 0.0113 0.0030 As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers. <tt>The fund may pay transaction costs, such as commissions, when it buys and sells<br />securities and other instruments (or "turns over" its portfolio). A higher<br />portfolio turnover rate may indicate higher transaction costs and may result in<br />higher taxes when fund shares are held in a taxable account. These costs, which<br />are not reflected in annual fund operating expenses or in the example, affect<br />the fund's investment results.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000038240Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund's investment objective is to provide you with high total return<br />(including income and capital gains) consistent with preservation of capital<br />over the long term while seeking to manage volatility and provide downside<br />protection.</tt> <tt>This example is intended to help you compare the cost of investing in Class P1<br />shares of the fund with the cost of investing in other mutual funds. The<br />example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that<br />the fund's operating expenses remain the same. The example does not reflect<br />insurance contract expenses. If insurance contract expenses were reflected,<br />expenses shown would be higher.</tt> <tt>The fund pursues its investment objective by investing in shares of an<br />underlying fund, the American Funds Insurance Series Asset Allocation Fund/SM/,<br />while seeking to manage portfolio volatility and provide downside protection<br />primarily through the use of exchange-traded futures contracts.<br /> <br />The investment objective of the underlying fund is to provide investors with<br />high total returns (including income and capital gains) consistent with<br />preservation of capital over the long term. The underlying fund invests in a<br />diversified portfolio of common stocks and other equity securities, bonds and<br />other intermediate and long-term debt securities, and money market instruments<br />(debt securities maturing in one year or less). The underlying fund varies its<br />mix of equity securities, debt securities and money market instruments. Under<br />normal market conditions, the underlying fund's investment adviser expects (but<br />is not required) to maintain an investment mix falling within the following<br />ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40% <br />in money market instruments. As of December 31, 2011, the underlying fund <br />was approximately 75% invested in equity securities, 21% invested in debt<br />securities and 4% invested in money market instruments. The proportion of<br />equities, debt and money market securities held by the underlying fund <br />varies with market conditions and the investment adviser's assessment of <br />their relative attractiveness as investment opportunities.<br /> <br />Although the underlying fund focuses on investments in medium to larger<br />capitalization companies, its investments are not limited to a particular<br />capitalization size. The underlying fund may invest up to 15% of its assets <br />in common stocks and other equity securities of issuers domiciled outside <br />the United States and up to 5% of its assets in debt securities of issuers<br />domiciled outside the United States. In addition, the underlying fund may <br />invest up to 25% of its debt assets in lower quality debt securities (rated <br />Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating <br />Organizations designated by the fund's investment adviser or unrated but <br />determined to be of equivalent quality by the fund's investment adviser). <br />Such securities are sometimes referred to as "junk bonds."<br /> <br />The fund employs a risk-management overlay referred to in this prospectus <br />as the protection strategy. The protection strategy consists of using hedge<br />instruments -- primarily short positions in exchange-traded futures contracts<br />-- to attempt to stabilize the volatility of the fund around a target<br />volatility level and reduce the downside exposure of the fund during periods <br />of significant and sustained market declines. The fund employs a sub-adviser <br />to select individual futures contracts on equity indexes of U.S. markets and<br />markets outside the United States that the sub-adviser believes are correlated<br />to the underlying fund's equity exposure. These instruments are selected based<br />on the sub-adviser's analysis of the relation of various equity indexes to the<br />underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity <br />levels of relevant futures contracts and transparency provided by exchanges as <br />the counterparties in hedging transactions. The target volatility level will <br />be set from time to time by the investment adviser and the sub-adviser and may <br />be adjusted if deemed advisable in the judgment of the investment adviser and <br />the sub-adviser. The sub-adviser may also seek to hedge the fund's currency <br />risk related to its exposure to equity index futures denominated in currencies <br />other than the U.S. dollar.<br /> <br />A futures contract on an index is an agreement pursuant to which two parties<br />agree to take or make delivery of an amount of cash linked to the value of the<br />index at the close of the last trading day of the contract. A futures contract<br />is considered a derivative because it derives its value from the price of the<br />underlying index. A short position in an index futures contract gains in value<br />when the underlying index declines and loses value when the underlying index<br />rises.<br /> <br />The sub-adviser will regularly adjust the level of exchange-traded futures<br />contracts to seek to manage the overall net risk level of the fund. Even in<br />periods of low volatility in the equity markets, the sub-adviser will continue<br />to use the hedging techniques to seek to preserve gains after favorable market<br />conditions and reduce losses in adverse market conditions. In situations of<br />extreme market volatility, the exchange-traded equity index futures could<br />significantly reduce the fund's net economic exposure to equity securities. The<br />fund's investment in exchange-traded futures and their accompanying costs could<br />limit the fund's gains in rising markets relative to those of the underlying<br />fund, or to those of unhedged funds in general.<br /> <br />The fund is non-diversified, which allows it to invest a greater percentage of<br />its assets in any one issuer than would otherwise be the case. However, through<br />the underlying fund, the fund owns a diversified mix of equity and fixed-income<br />securities.</tt> Protected Asset Allocation Fund/SM/ EXAMPLE Based on estimated amounts for the current fiscal year. Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus. INVESTMENT OBJECTIVE YOU MAY LOSE MONEY BY INVESTING IN THE FUND. PRINCIPAL RISKS Although your actual costs may be higher or lower, based on these assumptions your costs would be: INVESTMENT RESULTS ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT) PORTFOLIO TURNOVER <tt>THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL<br />INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE<br />LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.<br />INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO<br />TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO<br />UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY<br />RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.<br /> <br />Fund structure -- The fund invests in an underlying fund and incurs expenses<br />related to the underlying fund. In addition, investors in the fund will incur<br />fees to pay for certain expenses related to the operations of the fund. An<br />investor holding the underlying fund directly would incur lower overall<br />expenses but would not receive the benefit of the protection strategy.<br /> <br />Underlying fund risks -- Because the fund's investments consist of an<br />underlying fund, the fund's risks are directly related to the risks of the<br />underlying fund. For this reason, it is important to understand the risks<br />associated with investing both in the fund and the underlying fund. <br /> <br />Futures -- A futures contract is considered a derivative because it derives its<br />value from the price of the underlying security or financial index. The prices<br />of futures contracts can be volatile, and futures contracts may be illiquid. In<br />addition, there may be imperfect or even negative correlation between the price<br />of a futures contract and the price of the underlying securities. <br /> <br />Hedging -- Futures contracts may not provide an effective hedge of the<br />underlying securities or indexes because changes in the prices of futures<br />contracts may not track those of the securities or indexes they are intended <br />to hedge. In addition, the protection strategy may not effectively protect the<br />fund from market declines and will limit the fund's participation in market<br />gains. The use of the protection strategy could cause the fund to underperform<br />as compared to the underlying fund in certain rising market conditions.<br /> <br />Short positions -- Losses from short positions in futures contracts occur when<br />the underlying index increases in value. As the underlying index increases in<br />value, the holder of the short position in the corresponding futures contract<br />is required to pay the difference in value of the futures contract resulting<br />from the increase in the index on a daily basis. Losses from a short position<br />in an index futures contract could potentially be very large if the value of<br />the underlying index rises dramatically in a short period of time. <br /> <br />Market conditions -- The prices of, and the income generated by, the common<br />stocks, bonds and other securities held by the underlying fund may decline due<br />to market conditions and other factors, including those directly involving the<br />issuers of securities held by the underlying fund.<br /> <br />Investing in growth-oriented stocks -- Growth-oriented stocks may involve<br />larger price swings and greater potential for loss than other types of<br />investments.<br /><br />Investing in income-oriented stocks -- Income provided by the underlying fund<br />may be reduced by changes in the dividend policies of, and the capital<br />resources available at, the companies in which the underlying fund invests.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may <br />be subject to greater price fluctuations than shorter maturity debt securities. <br />In addition, falling interest rates may cause an issuer to redeem, call or<br />refinance a security before its stated maturity, which may result in the<br />underlying fund having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks<br />may be increased with respect to investments in junk bonds. The value of the<br />underlying fund may be similarly affected.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other securities, which may make them more difficult to<br />value, acquire or sell.<br /> <br />Investing outside the United States -- Securities of issuers domiciled outside<br />the United States, or with significant operations outside the United States,<br />may lose value because of political, social, economic or market developments or<br />instability in the countries or regions in which the issuer operates. These<br />securities may also lose value due to changes in foreign currency exchange<br />rates against the U.S. dollar and/or currencies of other countries. Securities<br />markets in certain countries may be more volatile and/or less liquid than those<br />in the United States. Investments outside the United States may also be subject<br />to different settlement and accounting practices and different regulatory,<br />legal and reporting standards, and may be more difficult to value, than those<br />in the United States.<br /> <br />Asset allocation -- The underlying fund's percentage allocations to equity<br />securities, debt securities and money market instruments could cause the fund<br />to underperform relative to relevant benchmarks and other funds with similar<br />investment objectives.<br /> <br />Non-diversification -- As a non-diversified fund, the fund has the ability to<br />invest a larger percentage of its assets in the securities of a smaller number<br />of issuers than a diversified fund. Therefore, poor performance by a single<br />large holding could adversely impact the fund's investment results more than if<br />the fund were invested in a larger number of issuers. <br /> <br />Management -- The investment adviser to the fund and to the underlying fund<br />actively manages the underlying fund's investments. Consequently, the<br />underlying fund is subject to the risk that the methods and analyses employed<br />by the investment adviser in this process may not produce the desired results.<br />In addition, the fund is subject to the risk that the methods employed by the<br />sub-adviser in implementing the protection strategy may not produce the desired<br />results. Either, or both, of these activities could cause the underlying fund<br />to lose value or its investment results to lag relevant benchmarks or other<br />funds with similar objectives. <br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>Because the fund will begin investment operations on September 28, 2012,<br />information regarding investment results is not available as of the date of<br />this prospectus.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />an interest in Class P1 shares of the fund. It does not reflect insurance<br />contract fees and expenses. If insurance contract fees and expenses were<br />reflected, expenses shown would be higher.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000038240Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. 80 271 -0.0010 0.0033 0.0025 2013-12-31 0.00 0.0078 0.0088 0.0030 0000729528 ck0000729528:SummaryS000038240-1Memberck0000729528:S000038240Memberck0000729528:C000117906Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-1Memberck0000729528:S000038240Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-2Memberck0000729528:S000038240Memberck0000729528:C000117907Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-2Memberck0000729528:S000038240Member 2012-09-17 2012-09-17 0000729528 2012-09-17 2012-09-17 iso4217:USD pure Based on estimated amounts for the current fiscal year. The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board. The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board. 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Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Sep. 17, 2012
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Protected Asset Allocation Fund/SM/
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P2 shares of the fund. It does not reflect insurance contract
fees and expenses. If insurance contract fees and expenses were reflected, expenses
shown would be higher.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other investments (or "turns over" its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in
higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual fund operating expenses or in the example, affect
the fund's investment results.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in Class P2
shares of the fund with the cost of investing in other mutual funds. The example
assumes that you invest $10,000 in the fund for the time periods indicated and
then redeem all of your shares at the end of those periods. The example also
assumes that your investment has a 5% return each year and that the fund's
operating expenses remain the same. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund pursues its investment objective by investing in shares of an underlying
fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking
to manage portfolio volatility and provide downside protection primarily through
the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with
high total returns (including income and capital gains) consistent with
preservation of capital over the long term. The underlying fund invests in a
diversified portfolio of common stocks and other equity securities, bonds and
other intermediate and long-term debt securities, and money market instruments
(debt securities maturing in one year or less). The underlying fund varies its
mix of equity securities, debt securities and money market instruments. Under
normal market conditions, the underlying fund's investment adviser expects (but
is not required) to maintain an investment mix falling within the following
ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40% in
money market instruments. As of December 31, 2011, the underlying fund was
approximately 75% invested in equity securities, 21% invested in debt securities
and 4% invested in money market instruments. The proportion of equities, debt
and money market securities held by the underlying fund varies with market
conditions and the investment adviser's assessment of their relative
attractiveness as investment opportunities.
  
Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets in
common stocks and other equity securities of issuers domiciled outside the
United States and up to 5% of its assets in debt securities of issuers domiciled
outside the United States. In addition, the underlying fund may invest up to 25%
of its debt assets in lower quality debt securities (rated Ba1 or below and BB+
or below by Nationally Recognized Statistical Rating Organizations designated
by the fund's investment adviser or unrated but determined to be of equivalent
quality by the fund's investment adviser). Such securities are sometimes referred
to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus as
the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in of exchange-traded futures
contracts -- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods of
significant and sustained market declines. The fund employs a sub-adviser to
select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will be
set from time to time by the investment adviser and the sub-adviser and may be
adjusted if deemed advisable in the judgment of the investment adviser and the
sub-adviser. The sub-adviser may also seek to hedge the fund's currency risk
related to its exposure to equity index futures denominated in currencies other
than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash linked to the value of the
index at the close of the last trading day of the contract. A futures contract
is considered a derivative because it derives its value from the price of the
underlying index. A short position in an index futures contract gains in value
when the underlying index declines and loses value when the underlying index
rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying
fund, or to those of unhedged funds in general.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an
underlying fund, the fund's risks are directly related to the risks of the
underlying fund. For this reason, it is important to understand the risks
associated with investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the underlying
securities or indexes because changes in the prices of futures contracts may not
track those of the securities or indexes they are intended to hedge. In addition,
the protection strategy may not effectively protect the fund from market declines
and will limit the fund's participation in market gains. The use of the protection
strategy could cause the fund to underperform as compared to the underlying fund
in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when
the underlying index increases in value. As the underlying index increases in
value, the holder of the short position in the corresponding futures contract
is required to pay the difference in value of the futures contract resulting
from the increase in the index on a daily basis. Losses from a short position
in an index futures contract could potentially be very large if the value of
the underlying index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve
larger price swings and greater potential for loss than other types of
investments.

Investing in income-oriented stocks -- Income provided by the underlying fund
may be reduced by changes in the dividend policies of, and the capital
resources available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may be
subject to greater price fluctuations than shorter maturity debt securities. In
addition, falling interest rates may cause an issuer to redeem, call or refinance
a security before its stated maturity, which may result in the underlying fund
having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments or
instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund fits
into your overall investment program.
Risk Lose Money [Text] rr_RiskLoseMoney YOU MAY LOSE MONEY BY INVESTING IN THE FUND.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading INVESTMENT RESULTS
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date
of this prospectus.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus.
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund | Class P2
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.25%
Distribution fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.30% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.13%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.03%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 105
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 349
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board.
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Protected Asset Allocation Fund (First Prospectus Summary) | Protected Asset Allocation Fund
Protected Asset Allocation Fund/SM/
INVESTMENT OBJECTIVE
The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P1 shares of the fund. It does not reflect insurance
contract fees and expenses. If insurance contract fees and expenses were
reflected, expenses shown would be higher.
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Annual Fund Operating Expenses
Protected Asset Allocation Fund
Class P1
Management fees 0.25%
Distribution fees none
Other expenses [1] 0.33%
Acquired (underlying) fund fees and expenses [1] 0.30%
Total annual fund operating expenses 0.88%
Fee waiver and/or expense reimbursement [2] 0.10%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 0.78%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board.
EXAMPLE
This example is intended to help you compare the cost of investing in Class P1
shares of the fund with the cost of investing in other mutual funds. The
example assumes that you invest $10,000 in the fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The
example also assumes that your investment has a 5% return each year and that
the fund's operating expenses remain the same. The example does not reflect
insurance contract expenses. If insurance contract expenses were reflected,
expenses shown would be higher.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Protected Asset Allocation Fund Class P1
80 271
PORTFOLIO TURNOVER
The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other instruments (or "turns over" its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in
higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual fund operating expenses or in the example, affect
the fund's investment results.
PRINCIPAL INVESTMENT STRATEGIES
The fund pursues its investment objective by investing in shares of an
underlying fund, the American Funds Insurance Series Asset Allocation Fund/SM/,
while seeking to manage portfolio volatility and provide downside protection
primarily through the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with
high total returns (including income and capital gains) consistent with
preservation of capital over the long term. The underlying fund invests in a
diversified portfolio of common stocks and other equity securities, bonds and
other intermediate and long-term debt securities, and money market instruments
(debt securities maturing in one year or less). The underlying fund varies its
mix of equity securities, debt securities and money market instruments. Under
normal market conditions, the underlying fund's investment adviser expects (but
is not required) to maintain an investment mix falling within the following
ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40%
in money market instruments. As of December 31, 2011, the underlying fund
was approximately 75% invested in equity securities, 21% invested in debt
securities and 4% invested in money market instruments. The proportion of
equities, debt and money market securities held by the underlying fund
varies with market conditions and the investment adviser's assessment of
their relative attractiveness as investment opportunities.

Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets
in common stocks and other equity securities of issuers domiciled outside
the United States and up to 5% of its assets in debt securities of issuers
domiciled outside the United States. In addition, the underlying fund may
invest up to 25% of its debt assets in lower quality debt securities (rated
Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser).
Such securities are sometimes referred to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus
as the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in exchange-traded futures contracts
-- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods
of significant and sustained market declines. The fund employs a sub-adviser
to select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will
be set from time to time by the investment adviser and the sub-adviser and may
be adjusted if deemed advisable in the judgment of the investment adviser and
the sub-adviser. The sub-adviser may also seek to hedge the fund's currency
risk related to its exposure to equity index futures denominated in currencies
other than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash linked to the value of the
index at the close of the last trading day of the contract. A futures contract
is considered a derivative because it derives its value from the price of the
underlying index. A short position in an index futures contract gains in value
when the underlying index declines and loses value when the underlying index
rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying
fund, or to those of unhedged funds in general.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
PRINCIPAL RISKS
THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an
underlying fund, the fund's risks are directly related to the risks of the
underlying fund. For this reason, it is important to understand the risks
associated with investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the
underlying securities or indexes because changes in the prices of futures
contracts may not track those of the securities or indexes they are intended
to hedge. In addition, the protection strategy may not effectively protect the
fund from market declines and will limit the fund's participation in market
gains. The use of the protection strategy could cause the fund to underperform
as compared to the underlying fund in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when
the underlying index increases in value. As the underlying index increases in
value, the holder of the short position in the corresponding futures contract
is required to pay the difference in value of the futures contract resulting
from the increase in the index on a daily basis. Losses from a short position
in an index futures contract could potentially be very large if the value of
the underlying index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve
larger price swings and greater potential for loss than other types of
investments.

Investing in income-oriented stocks -- Income provided by the underlying fund
may be reduced by changes in the dividend policies of, and the capital
resources available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may
be subject to greater price fluctuations than shorter maturity debt securities.
In addition, falling interest rates may cause an issuer to redeem, call or
refinance a security before its stated maturity, which may result in the
underlying fund having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments or
instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund
fits into your overall investment program.
INVESTMENT RESULTS
Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date of
this prospectus.
XML 13 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund
Protected Asset Allocation Fund/SM/
INVESTMENT OBJECTIVE
The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P2 shares of the fund. It does not reflect insurance contract
fees and expenses. If insurance contract fees and expenses were reflected, expenses
shown would be higher.
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Annual Fund Operating Expenses
Protected Asset Allocation Fund
Class P2
Management fees 0.25%
Distribution fees 0.25%
Other expenses [1] 0.33%
Acquired (underlying) fund fees and expenses [1] 0.30%
Total annual fund operating expenses 1.13%
Fee waiver and/or expense reimbursement [2] 0.10%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 1.03%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board.
EXAMPLE
This example is intended to help you compare the cost of investing in Class P2
shares of the fund with the cost of investing in other mutual funds. The example
assumes that you invest $10,000 in the fund for the time periods indicated and
then redeem all of your shares at the end of those periods. The example also
assumes that your investment has a 5% return each year and that the fund's
operating expenses remain the same. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Protected Asset Allocation Fund Class P2
105 349
PORTFOLIO TURNOVER
The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other investments (or "turns over" its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in
higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual fund operating expenses or in the example, affect
the fund's investment results.
PRINCIPAL INVESTMENT STRATEGIES
The fund pursues its investment objective by investing in shares of an underlying
fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking
to manage portfolio volatility and provide downside protection primarily through
the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with
high total returns (including income and capital gains) consistent with
preservation of capital over the long term. The underlying fund invests in a
diversified portfolio of common stocks and other equity securities, bonds and
other intermediate and long-term debt securities, and money market instruments
(debt securities maturing in one year or less). The underlying fund varies its
mix of equity securities, debt securities and money market instruments. Under
normal market conditions, the underlying fund's investment adviser expects (but
is not required) to maintain an investment mix falling within the following
ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40% in
money market instruments. As of December 31, 2011, the underlying fund was
approximately 75% invested in equity securities, 21% invested in debt securities
and 4% invested in money market instruments. The proportion of equities, debt
and money market securities held by the underlying fund varies with market
conditions and the investment adviser's assessment of their relative
attractiveness as investment opportunities.
  
Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets in
common stocks and other equity securities of issuers domiciled outside the
United States and up to 5% of its assets in debt securities of issuers domiciled
outside the United States. In addition, the underlying fund may invest up to 25%
of its debt assets in lower quality debt securities (rated Ba1 or below and BB+
or below by Nationally Recognized Statistical Rating Organizations designated
by the fund's investment adviser or unrated but determined to be of equivalent
quality by the fund's investment adviser). Such securities are sometimes referred
to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus as
the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in of exchange-traded futures
contracts -- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods of
significant and sustained market declines. The fund employs a sub-adviser to
select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will be
set from time to time by the investment adviser and the sub-adviser and may be
adjusted if deemed advisable in the judgment of the investment adviser and the
sub-adviser. The sub-adviser may also seek to hedge the fund's currency risk
related to its exposure to equity index futures denominated in currencies other
than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash linked to the value of the
index at the close of the last trading day of the contract. A futures contract
is considered a derivative because it derives its value from the price of the
underlying index. A short position in an index futures contract gains in value
when the underlying index declines and loses value when the underlying index
rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying
fund, or to those of unhedged funds in general.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
PRINCIPAL RISKS
THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an
underlying fund, the fund's risks are directly related to the risks of the
underlying fund. For this reason, it is important to understand the risks
associated with investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the underlying
securities or indexes because changes in the prices of futures contracts may not
track those of the securities or indexes they are intended to hedge. In addition,
the protection strategy may not effectively protect the fund from market declines
and will limit the fund's participation in market gains. The use of the protection
strategy could cause the fund to underperform as compared to the underlying fund
in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when
the underlying index increases in value. As the underlying index increases in
value, the holder of the short position in the corresponding futures contract
is required to pay the difference in value of the futures contract resulting
from the increase in the index on a daily basis. Losses from a short position
in an index futures contract could potentially be very large if the value of
the underlying index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve
larger price swings and greater potential for loss than other types of
investments.

Investing in income-oriented stocks -- Income provided by the underlying fund
may be reduced by changes in the dividend policies of, and the capital
resources available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may be
subject to greater price fluctuations than shorter maturity debt securities. In
addition, falling interest rates may cause an issuer to redeem, call or refinance
a security before its stated maturity, which may result in the underlying fund
having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments or
instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund fits
into your overall investment program.
INVESTMENT RESULTS
Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date
of this prospectus.
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XML 16 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
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Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Sep. 28, 2012
Registrant Name dei_EntityRegistrantName AMERICAN FUNDS INSURANCE SERIES
Central Index Key dei_EntityCentralIndexKey 0000729528
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 28, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 28, 2012
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Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Sep. 17, 2012
Protected Asset Allocation Fund (First Prospectus Summary) | Protected Asset Allocation Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Protected Asset Allocation Fund/SM/
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P1 shares of the fund. It does not reflect insurance
contract fees and expenses. If insurance contract fees and expenses were
reflected, expenses shown would be higher.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other instruments (or "turns over" its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in
higher taxes when fund shares are held in a taxable account. These costs, which
are not reflected in annual fund operating expenses or in the example, affect
the fund's investment results.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in Class P1
shares of the fund with the cost of investing in other mutual funds. The
example assumes that you invest $10,000 in the fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The
example also assumes that your investment has a 5% return each year and that
the fund's operating expenses remain the same. The example does not reflect
insurance contract expenses. If insurance contract expenses were reflected,
expenses shown would be higher.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund pursues its investment objective by investing in shares of an
underlying fund, the American Funds Insurance Series Asset Allocation Fund/SM/,
while seeking to manage portfolio volatility and provide downside protection
primarily through the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with
high total returns (including income and capital gains) consistent with
preservation of capital over the long term. The underlying fund invests in a
diversified portfolio of common stocks and other equity securities, bonds and
other intermediate and long-term debt securities, and money market instruments
(debt securities maturing in one year or less). The underlying fund varies its
mix of equity securities, debt securities and money market instruments. Under
normal market conditions, the underlying fund's investment adviser expects (but
is not required) to maintain an investment mix falling within the following
ranges: 40%-80% in equity securities, 20%-50% in debt securities and 0%-40%
in money market instruments. As of December 31, 2011, the underlying fund
was approximately 75% invested in equity securities, 21% invested in debt
securities and 4% invested in money market instruments. The proportion of
equities, debt and money market securities held by the underlying fund
varies with market conditions and the investment adviser's assessment of
their relative attractiveness as investment opportunities.

Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets
in common stocks and other equity securities of issuers domiciled outside
the United States and up to 5% of its assets in debt securities of issuers
domiciled outside the United States. In addition, the underlying fund may
invest up to 25% of its debt assets in lower quality debt securities (rated
Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser).
Such securities are sometimes referred to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus
as the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in exchange-traded futures contracts
-- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods
of significant and sustained market declines. The fund employs a sub-adviser
to select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will
be set from time to time by the investment adviser and the sub-adviser and may
be adjusted if deemed advisable in the judgment of the investment adviser and
the sub-adviser. The sub-adviser may also seek to hedge the fund's currency
risk related to its exposure to equity index futures denominated in currencies
other than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash linked to the value of the
index at the close of the last trading day of the contract. A futures contract
is considered a derivative because it derives its value from the price of the
underlying index. A short position in an index futures contract gains in value
when the underlying index declines and loses value when the underlying index
rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying
fund, or to those of unhedged funds in general.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an
underlying fund, the fund's risks are directly related to the risks of the
underlying fund. For this reason, it is important to understand the risks
associated with investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the
underlying securities or indexes because changes in the prices of futures
contracts may not track those of the securities or indexes they are intended
to hedge. In addition, the protection strategy may not effectively protect the
fund from market declines and will limit the fund's participation in market
gains. The use of the protection strategy could cause the fund to underperform
as compared to the underlying fund in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when
the underlying index increases in value. As the underlying index increases in
value, the holder of the short position in the corresponding futures contract
is required to pay the difference in value of the futures contract resulting
from the increase in the index on a daily basis. Losses from a short position
in an index futures contract could potentially be very large if the value of
the underlying index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve
larger price swings and greater potential for loss than other types of
investments.

Investing in income-oriented stocks -- Income provided by the underlying fund
may be reduced by changes in the dividend policies of, and the capital
resources available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may
be subject to greater price fluctuations than shorter maturity debt securities.
In addition, falling interest rates may cause an issuer to redeem, call or
refinance a security before its stated maturity, which may result in the
underlying fund having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments or
instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund
fits into your overall investment program.
Risk Lose Money [Text] rr_RiskLoseMoney YOU MAY LOSE MONEY BY INVESTING IN THE FUND.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading INVESTMENT RESULTS
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date of
this prospectus.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus.
Protected Asset Allocation Fund (First Prospectus Summary) | Protected Asset Allocation Fund | Class P1
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.25%
Distribution fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.30% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 0.88%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 0.78%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 80
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 271
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. The waiver may only be modified or terminated with the approval of the fund's board.
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