John Boone is 30 years old with a wife, two children and a mortgage. He is settling into his career and wants to make sure his family’s standard of living is protected in the event he dies prematurely.

He purchases a 35-year AG ROP Select-a-Term^® policy that will insure him at a guaranteed level premium all the way into his 60s. In the likely event that John lives and the policy remains in force to the end of the level premium period, he may then choose to surrender the policy to receive money back, equal to his cumulative base premiums paid, to help him transition into retirement.¹

The cases presented are not actual and are for illustrative purposes only.

¹ AG ROP Select-a-Term accumulates a cash value that starts no later than the fifth policy year. At the end of the level premium period, the cash value of the in-force policy equals the total of cumulative premiums paid, less any charges for substandard ratings and riders. If the client surrenders the policy, this amount is paid out, minus any outstanding loan balance. The cash surrender value payment does not take into account the time value of money. Alternatively, the same amount may be rolled into a permanent plan of insurance should the insured be eligible for and choose to exercise the conversion option. Coverage may also be continued beyond the level premium period by payment of increasing annual premiums, and the policy will continue to build cash value until the policy anniversary nearest the insured's 95th birthday when the cash value will equal the face amount of the policy. The cash value, minus any outstanding loan balance, will then be distributed as the endowment benefit if the policy is inforce and the insured is then living. The cash value and endowment benefit are subject to all terms and conditions detailed in the policy.