Index Universal Life Products
Life insurance can provide you and your family with the security of knowing should anything happen to you they are taken care of. But when purchasing life insurance you are faced with choices. Should you opt for the security of fixed product with today's low interest rates, or choose a product with inherent cash accumulation volatility?
With Elite Index ULSM insurance, like any life insurance, you are buying a death benefit. But you also have choices. With index universal life insurance you have the protection you need plus the opportunity to build cash value that can be accessed in the future for a variety of needs. It may even be possible to use the cash value to reduce or stop premium payments at some point, if you want.
Elite Index offers you the flexibility to choose among three interest-crediting accounts that fit you and your needs.
- Declared interest account with a minimum guaranteed 3 percent annual interest rate.
- Index interest account with interest crediting linked to the annual growth of the Standard & Poor's 500 Composite Stock Price Index (S&P 500 Index)1 subject to an annual cap (never less than 0 percent) and a minimum annual guaranteed interest rate of 1 percent, regardless of index performance, excluding dividends.
- Index interest account with interest crediting linked to the annual growth of the S&P 500 Index subject to a participation rate (never less than 0 percent) and an annual minimum guaranteed interest rate of 2 percent, regardless of index performance.
- Minimum death benefit $50,000
- Issue Ages: 18 - 90
2
- Accidental Death Benefit provides additional death benefit in the event of your accidental death.
- Children's Insurance Benefit provides term life insurance on your dependent children.
- Spouse/Other Insured3 provides level term insurance on your spouse.
- Terminal Illness3 provides an accelerated death benefit if you are diagnosed with a terminal illness (less than 12 months to live).
- Waiver of Monthly Deduction waives the monthly deduction as they come due after you have been disabled for six months.
- Overloan Protection ensures your policy won't lapse because of a large outstanding loan balance.
- Level Term offers lower premiums and reduces target premiums proportionately.
- Option to Extend Coverage allows extension of coverage beyond the original maturity date4
1 "Standard & Poor’s®", "S&P®", "S&P 500®", "Standard & Poor’s 500" and "500" are trademarks of The McGraw-Hill Companies, Inc. and have been licensed for use by American General Life. This product is not sponsored, endorsed, sold or promoted by Standard & Poor’s, and Standard & Poor’s makes no representation regarding the advisability of purchasing this product.
2 See the riders for complete details. There may be a charge for each rider you select. Adding or deleting riders and increasing or decreasing coverage under existing riders may have tax consequences. Policy owners should consult a qualified tax professional.
3 Not available in the state of New York.
4 Policies may be subject to tax consequences when continued beyond the maturity date. The policy may not qualify as life insurance under Internal Revenue Code after age 121. Policy owners should consult a qualified tax advisor before electing this option.
Policies issued by:
2727-A Allen Parkway, Houston, TX 77019
Policy Form Number 08326
Accidental Death benefit Rider Form Number - 82012
Children's Insurance benefit Rider Form Number - 82410
Spouse/Other Insured Term Rider Form Number - 88390
Terminal Illness Rider Form Number - 91401
Waiver of Monthly Deduction Rider Form Number - 82001
Waiver of Monthly Guaranteed Premium Rider Form Number - 95022
Minimum Guarantee Premium Rider to Age 121 Form Number - 08665
Overloan Protection Rider Form Number - 07620
Level Term Rider Form Number - 07017
Annual Point-to-Point Fixed Index Interest Account with Participation Rate Form Number - 08210
Annual Point-to-Point Fixed Index Interest Account with Index Cap Rider Form Number - 08211
70 Pine Street, New York, New York 10270
Policy Form Number 08326N
Monthly Guarantee Premium Rider to Age 121 Form Number 08665N
Accidental Death benefit Rider Form Number - ADB 70-1E
Children's Insurance benefit Rider Form Number - CI 79-1E
Waiver of Monthly Deduction Rider Form Number - 82001N
Overloan Protection Rider Form Number - 07620N
Level Term Rider Form Number - 07017N
Annual Point-to-Point Fixed Index Interest Account with Participation Rate Form Number - 08210N
Annual Point-to-Point Fixed Index Interest Account with Index Cap Rider Form Number - 08211N
The underwriting risks, financial and contractual obligations and support functions associated with products issued by American General Life Insurance Company (AGL) or The United States Life Insurance Company in the City of New York (USL) are each insurer's own responsibility. American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc., including American General Life Insurance Company and The United States Life Insurance Company in the City of New York. USL is authorized to conduct insurance business in New York. Policies and riders not available in all states.
