2727 Allen Pkwy
Houston, TX 77019
AIG American General life insurance companies are leaders in the life insurance industry providing innovative products and services to over eight million customers.
At the end of the day, life insurance isn’t about some policy contract tucked away for safekeeping. It’s about knowing you’re protected. It’s the peace of mind you get with American Elite Whole Life.
American Elite Whole Life is ideally suited for:
∙ Personal protection to safeguard your family's future
∙ Life events such as marriage or a new child
∙ Business protection
∙ Gifting from parents/grandparents on the life of children/grandchildren
∙ Converting from term coverage to lifelong protection
Permanent Protection
∙ With American Elite Whole Life, the death benefit will always be there as long as your premiums are paid
∙ Coverage amounts as low as $5,000 ($1,000 for term conversions)1
∙ Death benefit proceeds paid income tax-free2 to your beneficiaries. Proceeds paid equal the face amount less any unpaid premiums and policy debt
∙ Issue ages 0 to 70
Guaranteed Cash Values
∙ Your American Elite Whole Life policy accumulates cash values that are guaranteed and easily accessible. 3 That’s a reliable financial resource for emergencies or to supplement college tuition or retirement income savings programs — whatever the need and whenever it arises. Cash values grow tax-deferred. 2
∙ The policy loan rate is 8 percent. Loans may be repaid at any time. Any unpaid loans and accrued loan interest will be deducted from the amount paid at death or policy surrender.
Guaranteed Premiums, Flexible Payment Options
∙ Your premium is level and guaranteed for the life of your policy. Better still, you can choose a premium payment plan that best fits your needs and budget: monthly (automatic bank draft), quarterly, semiannually or annually.
Nonforfeiture Options
If you’re unable to pay your premium, American Elite Whole Life offers several options to keep you protected or to meet immediate cash needs.
∙ Automatic Premium Loan: You can automatically borrow against your policy’s cash value to pay your premiums if elected in your application or requested before the end of an unpaid premium grace period. Interest is charged until the loan is repaid.
∙ Extended Term Insurance: To maintain your protection, term insurance is purchased in an amount equal to your policy face amount, less any debt owed. The length of coverage depends on the amount of cash value available to pay the term insurance premium. This option is only available on policies issued on standard rated insureds.
∙ Reduced Paid-Up Insurance: Keeps you protected by using your policy’s cash value, less any outstanding loans and interest due, to purchase a reduced, paid-up amount of whole life coverage
∙ Cash Surrender: You may choose to surrender your policy at any time and receive the cash value, less any outstanding loans and interest due4
American Elite Whole Life offers several optional benefits for added protection:5
∙ Premium Waiver:6 American General Life will waive your American Elite Whole Life premiums as they come due in the event the insured becomes totally disabled.
∙ Child Riders: Provides level term protection for each covered child.
∙ Options to Purchase Additional Insurance (OPAI) and Guaranteed Insurability Options (GIO): Guarantees the insured the right to purchase additional protection, without evidence of insurability (for issue ages 21 and above, and 20 and under, respectively).
∙ Terminal Illness Rider: Provides an accelerated death benefit (living benefit) when the insured is diagnosed with a terminal illness (12 months or less to live)7.
∙ 7-Year Renewable Convertible Term Rider: Provides renewable and convertible term insurance coverage to expiry (can be added to original policy issue only).
