American General Life Insurance Company (American General
Life), Houston, a member company of American International Group,Inc. (AIG), has announced AIG Select-a-Term, a new term lifeinsurance policy that allows policyholders the choice to
customize the term limits.
AIG Select-a-Term offers the choice of a 10-year, a 12-year orany period from 15- through 30-year term life policy. AIGSelect-a-Term's flexibility provides policyholders the freedom tolink their term policy to specific life events, such as the payoffof a mortgage or the completion of funding their child's collegeeducation and avoid paying for extra, unnecessary coverage.
|"Life doesn't always fit into neat little boxes of five-yearincrements that are the standard for other term insurancepolicies," said Doug Israel, senior vice president of productdevelopment, AIG American General. "AIG Select-a-Term providespolicy holders with a
powerful new way to customize their life insurance plans toanticipate many known future life events."
AIG Select-a-Term offers affordable, guaranteed death benefitcoverage with a conversion feature that allows the policyholder toexchange the term policy for a permanent life product and aterminal illness endorsement with the option to accelerate anamount of the initial policy's death benefit.
|For more information on AIG Select-a-Term or any AmericanGeneral Life term life insurance policy, visit www.aigag.com.
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