HOUSTON--(BUSINESS WIRE)--American General Life Companies (American General), a part of AIG, announces AG Secure Lifetime GUL II, highly flexible Guaranteed Universal Life Insurance issued by American General Life Insurance Company and The United States Life Insurance Company in the City of New York. AG Secure Lifetime GUL II includes an integrated Enhanced Surrender Value Rider (a return of premium feature). It is now available with the new Lifestyle Income SolutionSM that can turn a life insurance product into a guaranteed stream of retirement income.
“At American General, we’re deeply committed to providing innovative solutions that our distribution partners can use to truly meet the needs of today’s consumers,” said James A. Mallon, President, Life Insurance, American General Life Insurance Company. “With AG Secure Lifetime GUL II, we present even greater Optionality® in life insurance.”
Tim Heslin, Vice President, Product Strategy and Implementation, said, “AG Secure Lifetime GUL II is designed to provide an extremely competitive combination of guarantees and flexibility that gives clients more control over how the product addresses their unique and evolving needs. This product offers not only a guaranteed death benefit and guaranteed premiums for protection, but also the ability to adjust the death benefit and access cash value in a variety of ways including the built-in return of premium feature and the optional Lifestyle Income Solution.”
The Lifestyle Income Solution offers affordable protection against outliving retirement income. It provides the option to receive a portion of life insurance benefits, while consumers are still living, to help supplement other retirement income. An array of other optional riders is available with AG Secure Lifetime GUL II to help agents tailor solutions for specific client needs.
Producers can access and complete the online application for AG Secure Lifetime GUL II through simple sign in to AG Quick TicketSM (www.agquickticket.com), which ensures fast turnaround times for the interview, exam and submission of the full application to American General. Applications for AG Secure Lifetime GUL II can also be submitted through American General’s eStation producer business resource center website (http://eStation.americangeneral.com), which provides access to a wealth of product and client information.
Policies issued by:
American General Life Insurance Company
2727-A Allen Parkway, Houston, Texas 77019
AG Secure Lifetime GUL Policy Form Numbers 13460, ICC13-13460; Enhanced Surrender Value Rider 11990, Lifestyle Income Rider Form Number 13972; Terminal Illness Rider Form Number 91401
The United States Life Insurance Company in the City of New York
One World Financial Center, 200 Liberty Street, New York, New York, 10281
AG Secure Lifetime GUL II Policy Form Number 13460N; Lifestyle Income Rider Form Number 13972
The underwriting risks, financial and contractual obligations and support functions associated with the products issued by American General Life Insurance Company (AGL) and The United States Life Insurance Company in the City of New York (USL) are the issuing insurer’s responsibility. Guarantees are subject to the claims-paying ability of the issuing insurance company. AGL does not solicit business in the state of New York. Policies and riders are not available in all states.
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 AGL. American General Life Companies insurers offer a full line of life insurance, annuities and accident & health products to serve the financial and estate planning needs of its customers throughout the United States.