American General Life Launches 'AG Secure Survivor GUL'
April 3, 2012 by N/A
| Business Wire, Inc. |
HOUSTON–(BUSINESS WIRE)– American General Life Companies (American General) announces the availability of AG Secure Survivor GUL, last survivor guaranteed universal life insurance featuring guaranteed death benefits and “optionality” — the flexibility to adapt the policy to changing needs in the future.
“At American General, we’re committed to helping our valued distribution partners provide the best solutions to meet their clients’ needs,” said John Deremo, executive vice president and chief distribution officer, American General. “AG Secure Survivor GUL is an innovative product that is designed to meet consumers’ financial planning needs while providing flexibility during uncertain economic times.”
“When it comes to protection, clients want guarantees and we’re responding,” says Tim Heslin, vice president, life product manager, American General. “Our ongoing commitment to the universal life market has brought great innovation in 100% guaranteed UL, including AG Secure Lifetime GUL® and AG Choice Index GUL®, both of which we launched over the past year due to evolving market needs. Our newest innovation, AG Secure Survivor GUL, is an attractive option for risk-averse clients, who are likely to appreciate its unique protection features.”
The benefits of AG Secure Survivor GUL include:
- A guaranteed death benefit and guaranteed premiums, which together provide protection that can be relied upon, even during changing economic conditions.
- The ability to reduce the death benefit and premiums in future years in response to changing needs and tax environments, without losing guarantees, and
- A return-of-premium feature that allows a potential for a return of up to 100% of premiums paid.
The highlights of AG Secure Survivor GUL include:
- Second-to-die coverage with flexible, guaranteed death benefit protection
- Unique, guaranteed access: pro-rata adjustments on partial withdrawals allow the policy to remain in force with a proportionally reduced death benefit, cash values and guaranteed premiums
- A No-cost Enhanced Surrender Value Rider that provides a one-time option during the 60 days following the end of policy year 15 to surrender the policy and receive back a maximum of all premiums paid
- A Four-Year Term Rider that provides last survivor term insurance during the first four policy years for added estate flexibility and protection
- Client-friendly WinFlex and eConnections Desktop quotes rather than complicated illustrations
- Strong guaranteed cash value accumulation, and
- 24-month rolling targets.
For more information about American General’s new AG Secure Survivor GUL Insurance, call
1-800-677-3311 (Monday – Friday, 7 a.m. – 6 p.m. CT). For more information about eStation, visit http://eStation.americangeneral.com.
Policies issued by:
American General Life Insurance Company (AGL)
2727-A Allen Parkway, Houston, Texas 77019
Policy Form Numbers 11239; ICC-11239, Enhanced Surrender Value Rider Form Number 11990, ICC-11990; Four-Year Term Rider Form Number 01904.
The underwriting risks, financial and contractual obligations and support functions associated with the products issued by AGL are its responsibility. Guarantees are subject to the claims-paying ability of the issuing insurance company. AGL does not solicit business in New York. Policies and riders not available in all states.
American General Life Companies, www.americangeneral.com, is the marketing name for a group of affiliated domestic life insurers, including AGL.
American General Life Companies
Linda Malamut, 310-772-6533
lmalamut@safg.com
Source: American General Life Companies
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Copyright Business Wire 2012 |
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