New "AIG Select-A-Term" Product Allows Policyholders to Customize Term Life Insurance Plan

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 life insurance 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 or any period from 15- through 30-year term life policy. AIG Select-a-Term’s flexibility provides policyholders the freedom to link their term policy to specific life events, such as the payoff of a mortgage or the completion of funding their child’s college education and avoid paying for extra, unnecessary coverage.

“Life doesn’t always fit into neat little boxes of five-year increments that are the standard for other term insurance policies,” said Doug Israel, senior vice president of product development, AIG American General. “AIG Select-a-Term provides policy holders with a
powerful new way to customize their life insurance plans to anticipate many known future life events.”