American General Life Insurance Company is rolling out a product aimed at consumers who want protection against 12 terrible diseases and medical conditions.
American General, Houston, a unit of American International Group Inc., New York, has rolled out the AIG CriticalCare Plus insurance policy.
The policy can pay a lump-sum benefit of up to $500,000 to policyholders who have a heart attack, a stroke, cancer, or 9 other devastating medical conditions.
Customers can choose a lifetime plan or plans with terms of 10, 15, 20 or 30 years.