Who Does
ROP Select-a-Term Help
AG ROP Select-a-Term® life insurance, you get all the flexibility and protection of our standard AG Select-a-Term life insurance. And on top of that, you can get your base premiums back (excludes premiums for riders) by surrendering the policy if the it remains in force through the end of the term. That’s right. Every penny of every premium comes back to you if the policy never terminates due to death. Which comes in handy for things like retirement, supplementing a college education, or medical bills.
And there’s so much flexibility. If you want, you can borrow against the cash that accumulates in your policy and still keep your term life insurance coverage.1 Even if you discontinue your policy after five years, you can get some of your money back. Should you ever stop making premium payments, your policy could automatically convert to paid-up coverage with a reduced death benefit. Your agent can customize your quote showing projected policy values each year.
Cindy, a single mother whose daughter Nora is destined for law school, had the foresight to purchase AG ROP Select-a-Term shortly after Nora was born. So if anything happens to Cindy, Nora’s education is covered by the death benefit. If Cindy outlives the term of the policy, she receives a cash payment equal to all the premiums they’ve paid.2 Either way, Cindy has the financial resources to help her daughter when she needs it most.*
- Choose from 17 term durations: 15 years and any of 20 through 35 years.
- Affordable term life insurance premiums are guaranteed to not increase during the level premium period.
- During the level premium period, you’ll have the option to convert your AG ROP Select-a-Term policy to a permanent life insurance policy.3
- Issue ages: 20 – 55 (available term durations vary with issue ages).
- Minimum death benefit: $100,000.
- Accidental Death Benefit: Pays in case of death resulting from accidental injuries.
- Waiver of Premium: Protects your policy by waiving premiums on the base policy upon total disability of the insured after a six-month waiting period for American General Life and a four-month waiting period for the United States Life.
- Child Rider: Extends coverage to all of your eligible children.
- Disability Income Rider: Pays a monthly benefit up to two years if you are unable to work because of an illness or injury.
- Terminal Illness Rider**: If you are diagnosed with a terminal illness, you’ll have the option of drawing part of your policy benefit to help cover expenses.4
* For illustrative purposes only. Not a real case.
** Not available on the United States Life policy.
1 The loan interest rate is 8.00% per year, payable in arrears. Consult with your tax professional to determine if transaction is a taxable event.
2 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.
3 Convertibility feature extends to the earlier of the end of the level premium period or the insured’s attainment of age 70.
4 Available if the insured is diagnosed by a qualified physician as having 12 months or fewer to live; benefit maximum is the lesser of $250,000 or 50 percent of the policy benefit.
Policy issued by:
2727-A Allen Parkway, Houston, Texas 77019
AG Select-a-Term Policy Form Number 10001
Accidental Death Benefit Rider Form Number 79002
Child Rider Form Number 79410
Terminal Illness Rider Form Number 91401
Waiver of Premium Rider Form Number 79001
Disability Income Rider Form Number 06305
70 Pine Street, New York, New York 10270
AG ROP Select-a-Term Policy Form Number 10001N
Accidental Death Benefit Rider Form Number ADB79-1E
Child Rider Form Number CI79-1E
Waiver of Premium Rider Form Number WP79-1E
The underwriting risks, financial and contractual obligations and support functions associated with products issued by American General Life Insurance Company (American General Life) or The United States Life Insurance Company in the City of New York (United States Life) are each insurer's own responsibility. American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc., including American General Life and United States Life. United States Life is authorized to do insurance business in New York.
Policies and riders not available in all states. See the rider for complete details. There may be a charge for each rider you select.
