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July 28, 2015 3:48 PM ET

Insurance

Company Overview of American General Life Insurance Company, Inc.

Company Overview

American General Life Insurance Company, Inc. offers life insurance products for the individuals. It provides universal, index universal, variable universal, whole life, and term life insurance products. The company was founded in 1960 and is based in Houston, Texas. American General Life Insurance Company, Inc. operates as a subsidiary of AGC Life Insurance Company.

10700 N W Freeway

Suite 300

Houston, TX 77092

United States

Founded in 1960

Phone:

713-522-1111

Fax:

713-831-8269

Key Executives for American General Life Insurance Company, Inc.

Chief Executive Officer of Domestic Life & Retirement Services and President of Domestic Life & Retirement Services
Age: 58
Compensation as of Fiscal Year 2015.

American General Life Insurance Company, Inc. Key Developments

American General Life Insurance Company Enters into Partnership with Primerica to Introduce Power Series of Index Annuities

American International Group Inc. has announced that its subsidiary, American General Life Insurance Company (AGL), has entered into a partnership with Primerica, to introduce the Power Series of Index Annuities. The Power Advantage-7 and Power Advantage-10 Index Annuities, tailored exclusively for Primerica and issued by AGL, combine principal protection, growth potential and tax deferral. They also provide lifetime income that can be guaranteed to rise for up to 10 contract years through the Lifetime Income Plus guaranteed living benefit rider.

American General Life Insurance Company and Primerica Team Up to Offer Retirement Income Solutions to Main Street Families

American International Group Inc. announced the recent partnering of its subsidiary American General Life Insurance Company (AGL) with Primerica to introduce the Power Series of Index Annuities®. The Power Advantage 7? and Power Advantage 10? Index Annuities, tailored exclusively for Primerica and issued by AGL, combine principal protection, growth potential and tax deferral. They also provide lifetime income that can be guaranteed to rise for up to 10 contract years through the Lifetime Income Plus® guaranteed living benefit rider. For asset accumulation, the Power Advantage 7 and Power Advantage 10 Index Annuities offer a range of index interest crediting strategies and a fixed interest account. Through the Lifetime Income Plus optional guaranteed living benefit rider, available for an annual fee, these annuities also provide lifetime income that is guaranteed to rise for up to 10 contract years, as long as withdrawals are taken according to the rider’s terms. In addition, individuals have the opportunity to double their retirement income potential under the rider if no withdrawals are taken before the 10th contract anniversary. Guarantees are backed by the claims-paying ability of AGL.

American General Life Insurance Company Announces the Launch of AG Platinum Choice VUL

American International Group Inc. announced the launch of AG Platinum Choice VUL, variable universal life insurance issued by American General Life Insurance Company with a flexible design that provides death benefit protection, upside market potential, cash accumulation for future financial needs, and the opportunity to guarantee the death benefit throughout the policy holder’s lifetime. 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. 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% or 4% of the benefit amount per month, or the policy holder can choose to have the benefit amount set at the maximum Internal Revenue Service (IRS) allowable per diem at the time the benefit is exercised.

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