Choosing the Right Life Insurance PlanTaking steps today to prepare for the uncertainties of tomorrow.
The following information is received from AIG Life Insurance Website as of 1/20/16
We represent many insurance companies and find that AIG has very competitive products
and we recommend you consider AIG for your life insurance products.
Life insurance is often considered the cornerstone of financial plans by many individuals and their financial advisors. While the main purpose of life insurance is to help take care of your family in the event of your death, policies can also serve other purposes including:
- Providing funds to pay final expenses.
- Creating an inheritance for your heirs.
- Making charitable contributions in the event of your death.
- Creating a source of tax-deferred savings.1
Don’t know where to start? Let our skilled life insurance professionals walk you
through the process and help uncover your needs to pair you with the best life
insurance policy for you and your family. Submit your info online and we’ll call you, or contact a representative directly at (435) 767-1415.
You can even find out how much life insurance you need by using our helpful calculator.
1Based on current federal income tax laws.
Term Life Insurance
Term life insurance is as basic as it gets. It’s referred to as “term” because it’s only in effect for a specific period of time, or term. Unlike permanent life insurance , it doesn’t accumulate cash value so it’s typically the most affordable insurance. It’s designed solely to protect your family, home or savings should anything happen to you. With an annually renewable term, your premiums may increase each year, but with level term, premiums stay constant. That being said, we’ve managed to include life insurance policy enhancements that no other major life insurance companies offer. For example, while most limit you to terms of 10, 15, 20 or 30 years, our term life insurance policies come with a number of different level premium term options, allowing you to exactly match the term to your needs. With AG ROP Select-a-Term ® , you can surrender the policy and get your money back – every penny of every premium – should you outlive the term.
Policies may contain provisions permitting renewal following the end of the level-premium period, although the term life insurance rates will probably be higher. Some term life insurance policies include an option to convert to a permanent life insurance policy.
· Index Universal Life Insurance
Safety and security are the most important features to look for in a life insurance policy. Non-guaranteed policy features have the potential to enhance policy values. There are risks and rewards associated with these non-guaranteed features. The challenge is to find the life insurance policy that has potential to deliver benefits you’re seeking with a risk level that is acceptable to you.
One of the more innovative options available today is an index interest crediting methodology based in part on the performance of one or more external financial indices such as the S&P 500®.1,2 Interest is calculated based in part by changes in the index, without dividends, and credited at the end of the index interest crediting term. Because returns are based in part by a specific index’s performance, fixed index interest universal life insurance may offer a greater potential for cash value growth than non-index interest universal life insurance . If the external index performs poorly, the index interest credited to your life insurance policy may be less than interest credited under life insurance policies that provide declared interest rates, and in some or all years, you might receive no index interest.
1 S&P 500 ® is a trademark of Standard & Poor’s and has been licensed for use by American General Life Insurance Company and The United States Life Insurance Company in the city of New York.
2 The policy owner does not purchase interests or otherwise directly participate in any stock market index, mutual fund, stock or other investment in securities.
Universal Life Insurance
Universal life insurance offers policy owners the flexibility to choose both the amount of insurance and the premium to be paid with a range of potential premiums. Some of the features of universal life insurance include:
- As needs change, the amount of coverage and premium paid may be adjusted, subject to certain limitations.
- Premium payments are credited to a cash value account where the life insurance policy earns tax-deferred interest at a rate set by the company, which may be higher than the minimum rate guaranteed in the life insurance policy.
- The policy expenses and cost of insurance charges are deducted monthly from this cash value account. Generally, cash values can be accessed by the life insurance policy owner through policy loans and withdrawals. Charges may apply.
Click on the links below to learn more about our available universal life insurance products, or let our skilled life insurance professionals match you with the universal life insurance product that best fits your needs. Submit your info online and we’ll call you, or contact a representative directly at (435) 767-1415.
Quality of Life...Insurance®
At American General our Quality of Life...Insurance ® suite of products is Changing The Way Americans Think About, Purchase and Use Life Insurance. ®
What if you suffer a major heart attack, stroke or develop invasive cancer and don’t die? Would your family be able to maintain their standard of living if you were financially impacted by a serious illness?
Traditional life insurance is designed to provide security for your loved ones in the event of your premature death, but what if you could get life insurance you don’t have to die to use?
Submit your info online and we’ll call you, or contact a representative directly at (435) 767-1415.