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.”
AIG Select-a-Term offers affordable, guaranteed death benefit coverage with a conversion feature that allows the policyholder to exchange the term policy for a permanent life product and a terminal illness endorsement with the option to accelerate an amount of the initial policy’s death benefit.
For more information on AIG Select-a-Term or any American General Life term life insurance policy, visit www.aigag.com.