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American General Life Company Launches New Universal Life Product

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American General Life Companies, Houston, has launched a new universal life insurance product, ContinUL Extend Plus, issued by American General Life Insurance Company and The United States Life Insurance Company in the City of New York.

With ContinUL Extend Plus, death-benefit coverage can be guaranteed regardless of fluctuations in interest rates or policy value, if sufficient premium has been paid to maintain the guaranteed death benefit. The product also features a flexible guarantee period, which offers the policy holder the ability to choose the number of years or age to which the death benefit is guaranteed.

ContinUL Extend Plus offers four non-tobacco underwriting classes, including Standard Plus.

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