Your financial needs are changing all the time, and with Elite ULSM you have an affordable permanent life insurance solution that's designed to keep pace with your needs.
- Competitively priced, long term protection.
- Help meet a variety of financial needs, including:
- income for surviving spouse and loved ones,
- funds to pay estate taxes, maximizing the value of the estate left to heirs
- a funding vehicle for business continuation plans
- protection against the loss of a business owner or key employee
- Cash values accumulate on a tax-deferred basis.1
- Tax-neutral distributions are available through flexible withdrawals and loans.2,3
- Issue Ages: 18 - 90.
- Minimum Death Benefit: $100,000.
Interest credited to policy values will be subject to change periodically, but will not be less than 3.0 percent effective annually (in Texas and Oregon the guaranteed interest rate is 2.75 percent). An interest bonus of 0.25 percent will be credited after the fifth policy year.
Pay a low annual premium to maintain death benefit protection or pay additional premiums to accelerate the growth of policy cash values. Your cash values will accumulate tax-deferred1 until you need them for retirement, for the children's tuition or to make your small-business dreams come true.
4
- 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 Insured Rider5 provides level term insurance on your spouse.
- Terminal Illness Rider5 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.
- Waiver of Monthly Guaranteed Premium5 credits the amount equal to the monthly guaranteed premium if you become totally disabled.
- Overloan Protection Rider ensures your policy won't lapse because of a large outstanding loan balance.
- Maturity Extension: Allows extension of coverage beyond the original maturity date6
1 Based on current federal income tax laws.
2 Consult with your tax professional to determine if these transactions trigger a taxable event.
3 Preferred loans subject to terms of the policy and available after 10 years.
4 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.
5 Not available in the state of New York.
6 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 100. Policy owners should consult a qualified tax advisor before electing this option.
Policy issued by:
American General Life Insurance Company
2727-A Allen Parkway, Houston, TX 77019
Policy Form Number - 03325
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
Maturity Extension Rider Form Number - 99110
Overloan Protection Rider Form Number - 07620
Policy issued by:
The United States Life Insurance Company in the City of New York
70 Pine Street, New York, New York 10270
Policy Form Number - 03325N
Accidental Death benefit Rider Form Number - ADB791E
Children's Insurance benefit Rider Form Number - CI791E1
Waiver of Monthly Deduction Rider Form Number - 82001N
Overloan Protection Rider Form Number - 07620N
The underwriting risks, financial and contractual obligations and support functions associated with the 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. Guarantees are subject to the claims-paying ability of the issuing company. USL is authorized to conduct insurance business in New York. Policies and riders not available in all states.
These product specifications are not intended to be all-inclusive of product information. State variations may apply. Please refer to the policy for complete details.
