AIG Announces AG Platinum Choice VUL
Innovation in variable universal life insurance offers protection, choice and opportunity
When combined with the optional Accelerated Access SolutionSM, an available chronic illness rider, the product offers the potential for the policy holder to receive access to an accelerated portion of the death benefit, income-tax-free.
“We believe AG Platinum Choice VUL meets market needs as a robust yet flexible financial vehicle for our valued distribution partners to offer clients, in that it combines customizable life insurance protection with 46 professionally managed investment options from renowned money managers,” said
AG Platinum Choice VUL may be particularly well suited for individuals under the age of 65 who need the protection life insurance provides and are:
- seeking market opportunities to accumulate cash value in a tax-favored vehicle to supplement income-producing assets in the future,
- searching for a competitively priced death benefit with long-term guarantees coupled with growth potential, or
- desiring cash accumulation potential, and the opportunity to tailor their policy with optional riders to meet specific, future needs, such as for potential access to living benefits in the event of chronic illness.
For chronic illness protection, the Accelerated Access Solution features flexible benefit payment options, including a unique payout methodology to help guard against inflation. The payout can be either 2 percent or 4 percent of the benefit amount per month, or the policy holder can choose to have the benefit amount set at the maximum
The Accelerated Access Solution also offers affordable premiums that are fully guaranteed for the life of the contract, and a waiver of monthly premium that applies as long as the policy holder qualifies for benefits – even if he or she chooses not to take the benefits.
For more information on AG Platinum Choice VUL – life insurance you don’t have to die to use – and for important consumer disclosures concerning accelerated death benefits, visit www.aig.com/lifeinsurance.
This information is general in nature and may be subject to change. The Company, its financial professionals and other representatives are not authorized to give legal, tax or accounting advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For advice concerning your situation, consult your professional attorney, tax advisor or accountant.
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AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of
AIG’s Life Insurance Division
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