American General Life Insurance Company has relaunched the Horizon Index Annuity contract.
American General, Houston, a unit of American International Group Inc., New York, says the revision will increase the premium bonus on the 12-year version to 5%, from 3%, and the premium bonus on the 9-year version to 4%, from 2%.
AIG also will put a new emphasis on marketing the 2-year, point-to-point crediting methodology.
The bonuses are credited and vested immediately but subject to surrender charge, American General says.
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