#American general life insurance full
It is important to note that with this type of policy the death benefit is graded and does not pay the full face amount until year three.Īccidental Death & Dismemberment Insurance – Accidental death and dismemberment insurance provides coverage in the event of an accident causing death or dismemberment.
This type of policy allows clients who are otherwise uninsurable to obtain affordable lifetime life insurance coverage. Guaranteed issue whole life can be a great fit for those who are unable to qualify for traditional life insurance and need a smaller amount of permanent coverage for final expenses such as funeral costs, medical bills, and other obligations.Īmerican General Life Insurance Company’s guaranteed issue whole life offers coverage ranges from $5,000 to $25,000 for those between ages 50 and 85, with guaranteed acceptance.
This type of policy offers lifetime coverage with smaller face amounts at surprisingly affordable rates. Guaranteed Issue Whole Life Insurance – Guaranteed issue whole life insurance provides lifetime protection with guaranteed approval regardless of medical history. It is important to note that with this type of policy’s cash surrender value is not guaranteed and will fluctuate based on the market value of selected separate account. Variable universal life coverage can be an option to consider for individuals who have a need for long-term life insurance protection and are interested in cash value accumulation through equity investments. This type of life insurance can also provide lifetime coverage and potential cash value accumulation. Variable Universal Life Insurance – Variable universal life insurance, like traditional universal life, provides flexible long-term protection, but differs in that it allows for investment in selected separate accounts. The company’s universal life products, range from Guaranteed Universal Life providing guaranteed lifetime coverage to Indexed Universal Life offering cash value accumulation tied to market index performance, as well as Variable Universal Life providing clients separate account investment options. Universal life coverage is a great option for those who need long-term life insurance protection and the flexibility to adapt coverage based on life changes.
This type of life insurance can provide lifetime coverage and potential cash value accumulation. Universal Life Insurance – Universal life insurance provides flexible long-term protection which can be adjusted to meet changing coverage needs over time. This allows clients the flexibility to structure their policy to meet future financial goals and milestones, without paying for unneeded coverage. Term life coverage can be a great fit for an individual who needs temporary life insurance coverage, such as income protection, mortgage protection, or other obligations with a specific time horizon.Īmerican General Life Insurance Company’s term products offer coverage ranges from $50,000 to $1,000,000, and is unique in that consumers can select a specific term of 10 years, from 15 to 30, or 35 years. This type of life insurance does not typically accumulate cash value and is often initially less expensive than other policy types. Term Life Insurance – Term life insurance provides protection for a specified period or term.
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