American General Life Companies has introduced a monthly income benefit rider to be used in conjunction with it AG Select-a-Term product.
The Select Income Rider can be issued with AG Select-a-Term level premium term life insurance to provide a guaranteed monthly income for a specified period of time in addition to the lump sum death benefit from the base policy.
The Select Income Rider:
- Pays a monthly benefit for a period of 60, 120, 180, 240, 300, 360, 420, or 480 months upon the death of the insured.