American General Life Insurance Company has introduced two riders for consumers who want to protect themselves against loss of income as well as against loss of life.

American General Life, Houston, a unit of American International Group Inc., New York, will be selling one of the riders with its ROP Term term life insurance policy and the other with its LTG Ultra term life insurance policy.

The ROP Term policy offers a return-of-premium provision for insureds who end up not using policy benefits.

The LTG Ultra policy is similar but does not provide any cash value or premium refund benefits, according to American General Life.

American General Life will sell the disability riders to consumers without requiring additional underwriting if the consumers buy term life policies with death benefits of at least $250,000, and they qualify for standard or better term life rates.

The riders terminate when the insured reaches age 65 or at the end of the term life policy level-premium period, whichever comes first, according to American General Life.

Consumers who buy a disability income rider with the ROP Term policy can get return of the premiums paid for the disability rider as well as for the underlying term life policy, American General Life says.

The disability riders can pay a monthly benefit ranging from $300 to $3,000 for a 2-year period following a 90-day elimination period, American General Life says.

American General Life is responsible for backing the product guarantees.