American General Life Insurance Company offers life insurance products for the individuals. It provides universal, index universal, variable universal, whole life, and term life insurance products. The company was founded in 1960 and is based in Houston, Texas. American General Life Insurance Company operates as a subsidiary of AGC Life Insurance Company.
PO Box 4373
Houston, TX 77210
Founded in 1960
American General Life Companies Announces Availability of Ag Secure Survivor GUL II
Aug 28 13
American General Life Companies announced the availability of AG Secure Survivor GUL II, individual joint and last survivor guaranteed universal life insurance featuring more Optionality(SM) -- flexibility to adapt the policy to evolving needs in the future. Among the key benefits of AG Secure Survivor GUL II are: Guaranteed death benefit and premiums, which help provide protection that can be relied upon, even during changing needs, economic conditions and tax environments; The ability to reduce the death benefit and premiums in future years without losing guarantees; A no-cost Enhanced Surrender Value Rider which allows a potential for a return of up to 100% of premiums paid; Guaranteed tabular cash values that provide attractive flexibility for customers; Option to extend coverage beyond the original maturity date, with some conditions applying-One policy insures, two-people, so AG Secure Survivor GUL II is more affordable for spouses than buying two individual policies. Liquidity needs frequently arise after the second death, and AG Secure Survivor GUL II can be a valuable tool to help fund estate and gift tax obligations, or to replace assets gifted to charity. AG Secure Survivor GUL II is also a flexible way to equalize inheritances among heirs. It can provide a specified, guaranteed amount to one child to help equalize assets among several, when a business interest or other major asset is being left to only one child. Further, AG Secure Survivor GUL II can be advantageous in providing capital for business planning and succession. The product can be leveraged to provide working capital or to ensure business continuity at the death of a business owner or key employee. Indeed, with its guaranteed death benefit, guaranteed access and guaranteed cash value, AG Secure Survivor GUL II may be an optimal solution for business needs as well as for families seeking long-lasting protection, the power to ensure a legacy and the flexibility to exercise more control over their life insurance policy as their individual circumstances and the economic climate evolve.
American General Life Insurance Company Offers AG Accident Choice Plus
May 20 13
American General Life Companies announced AG Accident Choice Plus(SM), an insurance product that provides benefits, regardless of other health coverage, for a wide range of emergency medical costs -- from emergency room visits to physical therapy to diagnostic exams, even surgery -- related to accidental injuries. Available riders offer coverage in the event of critical illness, accidental death and dismemberment, and inability to work due to an accidental injury. This product is issued by American General Life Insurance Company. The highlights of AG Accident Choice Plus include: No coordination with major medical insurance -- the policy pays benefits regardless of, and in addition to, proceeds from any other coverage. Dollar-for-dollar reimbursement up to the policy amount for covered medical expenses made directly to the policy holder -- not to medical providers. No network restrictions -- clients can access any hospital, physician or medical facility. No waiting period to use benefits -- claims can be submitted immediately. No lifetime limit -- no matter how many accidents occur. Multiple payment options, including electronic funds transfer (EFT) and credit card. Critical Illness Rider -- provides a one-time, lump sum payout on initial diagnosis of invasive cancer, heart attack or stroke. Accidental Death & Disability Rider -- provides a payout for disability income in the event of an accidental death or dismemberment. Accidental Disability Income Rider -- provides a lump sum payment as protection against loss of income in the event of disability due to an accident. Benefits are paid regardless of other disability coverage, such as worker's compensation or Social Security. Clients can choose accident coverage in benefit amounts of $5,000 to $25,000 (in $5,000 increments), with three options of annual deductible ($100, $300 or $500). The deductible only has to be satisfied once per calendar year for each covered individual -- and with a family plan, after out-of-pocket expenses reach twice the chosen deductible, additional claims for the year are paid from the first dollar, up to the maximum policy benefit. Eligible expenses (up to the calendar year maximum benefit as a result of a covered accident) include: emergency room and urgent care center visits; hospital, surgery and physician charges; physical therapy; ambulance; major diagnostic exams; X-rays; prosthesis; and drugs administered in a hospital or urgent care center. Refer to the Outline of Coverage for detailed information regarding benefits and exclusions.