AIG Reprices AG Select-a-Term® Insurance
HOUSTON -- March 17, 2014
American International Group, Inc. (NYSE:AIG) today announced that it has
repriced AG Select-a-Term^®, the highly customizable term life insurance
issued by American General Life Insurance Company. Significant, competitive
improvements were achieved, with up to 10 percent premium reductions in
popular durations and risk classes, and sometimes higher reductions^1, and a
market-leading position^2 in 15, 20, 25 and 30 year term non-tobacco classes.
“AG Select-a-Term has always provided a well-structured combination of
flexibility and customization, with 17 term durations from which to choose,”
said Chris Ogburn, Vice President of Product Management for AIG’s U.S. life
insurance business. “AG Select-a-Term’s newly lowered premiums, together with
the product’s flexibility, can make it a smart solution for many family and
business needs. Further, the repricing of AG Select-a-Term reflects our
ongoing commitment to our valued distribution partners; this is yet another
step we’ve taken that’s intended to help them thrive in today’s economy.”
With extended ages and durations available, AG Select-a-Term offers affordable
coverage for policy holders until age 90. A wide selection of available riders
makes the policy further customizable. AG Select-a-Term can be converted to AG
ROP Select-a-Term^®, fixed, index and guaranteed universal life insurance,
including AG Secure Lifetime GUL^® II, with some conditions and product
For more information on the competitive pricing and superior flexibility of AG
Select-a-Term, visit www.aig.com/termlife.
^1 Premium reductions are generally between 1%-8%.
^2 Market-leading position defined as Top 3 by price against leading carriers
on March 17, 2014. Comparison based on 15, 20, 25, 30 year term duration, male
and female quinquennial ages 20-75, $250,000, $500,000 and $1,500,000 face
amounts in non-tobacco underwriting classes.
Policies issued by American General Life Insurance Company (AGL). Issuing
company AGL is responsible for financial obligations of insurance products and
is a member of American International Group, Inc. (AIG). Guarantees are backed
by the claims-paying ability of AGL. AG Select-a-Term Policy Form Number
07007, AG Select-a-Term Policy Form Number ICC10-07007, AG ROP Select-a-Term
Policy Form Number 10001.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International Group,
Inc., a leading international insurance organization serving customers in more
than 130 countries. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies are
leading providers of life insurance and retirement services in the United
States. All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services may not
be available in all countries, and coverage is subject to actual policy
language. AIG common stock is listed on the New York Stock Exchange and the
Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube:
www.youtube.com/aig | Twitter: @aiginsurance | LinkedIn:
AIG Life and Retirement
Stasa Cushman, 713-831-6414
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