American General Life Companies has co-developed a “suite” of life, income, annuity and Roth individual retirement account products for mid-market customers.
The Income Advantage Suite is a package that combines term life insurance with an optional income rider along with an index annuity that can be structured as Roth IRA, says American General, Houston.
The other co-developer, HBW Insurance & Financial Services Inc., Simi Valley, Calif., is a national financial services marketing organization and mid-market specialist.
The suite is a “custom label” product, in that it was designed in conjunction with, and for exclusive distribution by, HBW, says American General.
- The term life policy pays a lump sum at death.