American General Life Insurance Company

UPDATED: Mar 12, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Company Description

American General Life Companies have been protecting the hopes and dreams of American families for nearly a century. We owe our success over the years to one simple principle — being a loyal partner of American families and the advisors who help safeguard their security. That’s why our insurers remain committed to provide quality products that help our clients build brighter futures for themselves and the ones they love. And it’s why we never lose sight of the fact that insurance is about people — their welfare, their security, and their dreams for themselves and for future generations.

Company Contacts

2727 A Allen Parkway B-F4
Houston, TX  77019

800-231-3655

http://www.americangeneral.com

Company Info

Year Founded:  1926

AM Best Rating:  A (as of 2017)

S&P Rating:  A+ (as of 2017)

Company Spotlight:  American General Life Insurance Company

Policy Info

Included Term Life Features

  • Exchange Option:  Included with no extra premium. The insurance policy may be converted to an eligible permanent life insurance plan during the conversion period without evidence of insurability. The conversion period extends to the earlier of the end of the term period or the insured’s attainment of age 75.
  • Terminal Illness Endorsement:  Included with no extra premium. This benefit is a one-time acceleration of up to 50% of the death benefit proceeds payable under the base insurance policy, not to exceed $250,000. An insured may become eligible for this benefit if diagnosed by a qualified physician as having 12 months or fewer to live. Not available in CT, IN, KS, MI, NJ, NY, PA, SC, VA,  and WA.

Optional Term Life Features

  • Child Rider:  Available with extra premium. Parent issue ages are 20-55 and child issue ages are 15 days up to 19 years of age. Coverage expires on the earlier of the insurance policy anniversary nearest the child’s age 25 and parent’s age 65. One unit of coverage equals $1,000 with a maximum of 10 units. Annual cost per unit is $5.00 for insured issue ages 20-50, and $7.50 for insured issue ages 51-55. For Return of Premium Policies the cost per unit is $5.50 for insured ages 20-50 and $8.00 per unit for insured ages 51-55.
  • Waiver of Premium Rider:  IAvailable with extra premium. This rider will pay insurance policy premiums in the event of the insured’s total disability after a six-month waiting period. Issue ages depend on the policy term. Coverage expires following the insured’s attainment of age 65. Not available on policies with face amounts greater than $5,000,000. Please email or call for details and premium rates.

Legal Info

A two-year contestable and suicide provision applies in most states, and TX.

Policies issued by American General Life Insurance Company (AGL), Policy Form Numbers ICC16-16901, 16901;  Rider Form Numbers, ICC14-14012, 14012, ICC16-16420, 16420, 91401, ICC14-14001, 14001. ROP Select-a-Term Policy Form Number 100001.

Issuing companies AGL and US Life are responsible for financial obligations of insurance products and are members of American International Group, Inc. (AIG). Products may not be available in all states and product features or rates may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company.

Company Products

Select-a-Term 10
10-year term life insurance with rates guaranteed to remain the same for the entire 10-year term period.

Select-a-Term 15
15-year term life insurance with rates guaranteed to remain the same for the entire 15-year term period.

Select-a-Term 20
20-year term life insurance with rates guaranteed to remain the same for the entire 20-year term period.

Select-a-Term 25
25-year term life insurance with rates guaranteed to remain the same for the entire 25-year term period.

Select-a-Term 30
30-year term life insurance with rates guaranteed to remain the same for the entire 30-year term period.

Select-a-Term 35
35-year term life insurance with rates guaranteed to remain the same for the entire 35-year term period.

ROP Select-a-Term 20
20-year term life insurance with rates guaranteed for 20 years. The plan returns all premiums, minus any fees, extra charges or premiums for optional riders paid by the policy owner at the end of the 20-year term if no claim has been made. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.

ROP Select-a-Term 30
30-year term life insurance with rates guaranteed for 30 years. The plan returns all premiums, minus any fees, extra charges or premiums for optional riders paid by the policy owner at the end of the 30-year term if no claim has been made. A portion of the paid premiums may be returned if the policy is terminated prior to the end of the term.

Q~|icon_close_alt2~|elegant-themes~|outline
Q~|icon_close_alt2~|elegant-themes~|outline

Ready to get started?

Your quotes are always free.