You've worked hard to build an estate that will carry you through your retirement and benefit the heirs you leave behind. Platinum Investor® Survivor II allows you to plan ahead to help ensure that estate taxes and settlement costs can be paid without liquidating valuable personal or business assets.
- The policy covers both you and another insured with benefits paid on the second death
- Provides funds to help pay estate taxes when generally needed, at the death of the second insured1
- Provides cash accumulation to supplement retirement or other income needs2
See Policy and Fund Prospectuses and Performance Information
- - You can choose between two death benefit options. Level benefit which is equal to the policy's specified amount or increasing benefit which is the policy value plus the accumulation value.
- - Allocate your premiums (minus product charges and expenses) into any combination of 44 variable investment options and one fixed account to create a personalized, diversified portfolio.
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- - Allocate a fixed amount of money, over time, at different time intervals. With dollar cost averaging, you can automatically transfer a set amount between investment options on a periodic basis, helping you to even out the effects of market volatility.3
- - A service we offer that periodically adjusts the policy values of investment options to match the allocation percentages set by you and your registered representative.
- - You have the option of selecting which investment options the various charges and fees will be deducted from. By allocating a portion of premiums to less volatile investment options, such as the Fixed Account, and having monthly deductions taken from these options, you may be able to improve returns from other investment option choices.
- Issue Ages 20 - 90
- Minimum Death Benefit: $500,000
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- Maturity Extension Rider5 - Both the Accumulation Value version and the Death Benefit version extend coverage past the original maturity date of age 100.
- Return-of-Premium Death Benefit Rider6 - This rider provides additional term life insurance coverage on the life of the insured. The amount of additional insurance varies so that it always equals the cumulative amount of premiums paid under the Policy (subject to certain adjustments).
- Single Life Annually Renewable Term (ART) Rider - This rider allows you to provide term single life insurance on the life of either or both of the contingent insureds. We will pay a death benefit upon the death of the contingent insured on whose life you purchased the rider. The death benefit is in addition to any death benefit we pay under the Policy.
- Overloan Protection - When a VUL policy funds future financial needs with policy loans, this rider can provide a valuable benefit. When certain conditions are met, this rider can prevent your policy from lapsing because of loan indebtedness, thereby preventing you from receiving a potentially large tax bill.
1 Consult with your tax professional to determine the effect of federal estate taxes on your individual situation.
2 Investment return and principal value of the variable investment options may fluctuate, so that a policy owner's units, when redeemed or borrowed against, may be worth more or less than their original investment cost. Number of investment options is as of April 30, 2008 and may vary in the future. Consult policy and fund prospectuses for information on currently available funds.
3 Dollar cost averaging does not assume a profit or protect against a loss in declining markets. A policy owner should consider his or her financial ability to continue purchases through periods of low price levels in order to utilize fully a dollar cost averaging program. Dollar cost averaging is also not available in conjunction with automatic rebalancing.
4 See the riders for complete details. There may be a charge for each rider selected. Adding or deleting riders and increasing or decreasing coverage under existing riders can have tax consequences. Policy owners should consult a qualified tax advisor.
5 Policies may be subject to tax consequences when continued beyond the maturity date. The policy may not qualify as life insurance under Internal Revenue Code after age 100. Policy owners should consult a qualified tax advisor before electing this option.
6 The premium returned does not take into account any time value of money.
The information provided on this page is for informational purposes only. The company provides neither tax nor legal advice. Consult your personal tax and/or legal advisor about your specific situation
Policies issued by:
American General Life Insurance Company
A subsidiary of American International Group, Inc. (AIG)
2727-A Allen Parkway, Houston, TX 77019
Policy Form Number 01206
Maturity Extension Rider Form Numbers 99110 and 99111
Return-of-Premium Death Benefit Rider Form Number 95150
Single Life Annually Renewable Term (ART) Rider Form Number 90295
Overloan Protection Rider Form Number 07620
The underwriting risks, financial and contractual obligations and support functions associated with products issued by American General Life Insurance Company (AGL) are its responsibility. AIG does not underwrite any insurance policy referenced herein. AGL does not solicit business in the state of New York. Policies and riders not available in all states.
Variable universal life insurance policies issued by AGL are distributed by American General Equity Services Corporation, member FINRA, www.finra.org, and a subsidiary company of American International Group, Inc.
