American General Life Insurance Company has introduced a new version of the AG Select-a-Term policy.
American General, Houston, will sell the policy in most of the United States, and a sister company, U.S. Life Insurance Company in the City of New York, will sell the policy in New York.
American General and U.S. Life are units of American International Group Inc., New York.
The term product can guarantee a 10-year term of level premiums. The policy also can offer 16 other level-premium terms ranging from 15 to 30 years.