A level term life insurance policy has undergone re-pricing, with the result that overall rates are lower and so is the policy fee.
The product is AG Select-a-Term, and it is issued by American General Life Insurance Company, Houston, and The United States Life Insurance Company in The City of New York.
Both issuers are units of American International Group Inc., New York (NYSE:AIG).
The policy fee was lowered to $64, says the company.
The product offers guaranteed level premiums for 17 term durations: 10-year and 15- through 30-year durations.
It also offers:
- Instant rate quotes.