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Variable Universal Life (VUL) provides a death benefit to help protect your family or business from potential financial losses.
With Platinum Investor® II, you can choose the face amount of the policy, and you can change your insurance amount as your needs change.
With VUL, premiums are flexible. You can choose to pay a lower premium, or to stop premium payments for a period of time, provided that you maintain sufficient value in your policy to keep it from lapsing. You can also choose to pay relatively high premiums and maximize the potential to accumulate cash value. Under current federal income tax laws, there are restrictions as to the amount of premium you can pay and still maintain the favorable tax status afforded to life insurance policies.
See Policy and Fund Prospectuses and Performance Information
- With the variety of variable investment options available with our VUL policies, you can choose which investment options will best meet your needs. The allocation of your premium among these choices is one of the most important ways in which you can manage your policy. One common way to allocate among investment categories is to determine your risk tolerance, which is a measure of your willingness to tolerate fluctuations in the value of your investments. You can work with your registered representative to select the appropriate investment options that provide you with return potential while matching your risk profile.
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You can determine the ideal proportion to invest in each asset, or “asset allocation,” based on your unique goals and comfort level with the risks associated with investing. Our VUL products include funds that invest in a wide range of asset classes, helping to make diversification and asset allocation easy.
As time goes on, some investment options will outperform others, and your actual allocation percentages may shift from your original allocations. Automatic rebalancing is a service we offer that periodically adjusts the policy values of investment options to match the allocation percentages set by you and your registered representative.
Since your asset allocation is based in part on your time horizon, you will
need to adjust it as you get closer to the time when you want to begin accessing your cash value. You may also need to change your asset allocation if there is a change in your risk tolerance, financial situation, or the financial
goal itself.
By investing your premiums in large sums, you run the risk of investing too much when market prices are high. Dollar cost averaging is a strategy of investing a fixed amount of money, over time, at different time intervals. With our dollar cost averaging service, you can automatically transfer a set amount between investment options on a periodic basis, helping you to even out the effects of market volatility.
Various charges and fees will be deducted from your policy on a monthly basis. We give you the option of selecting which investment options these deductions will be taken from. By allocating a portion of premiums to less volatile investment options, such as the Fixed Account, and having monthly deductions taken from these options, you may be able to improve returns from other investment choices.
Issue Ages 18 - 80
Minimum Death Benefit: $250,000, ($100,000 in Montana)
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- Accidental Death Benefit Rider - Pays an additional death benefit up to $200,000 if the insured’s death is accidental.
- Automatic Increase Rider - This rider provides for automatic increases in your Policy’s specified amount of insurance at certain specified dates and based on a specified index. Please note that this rider can only be purchased at the time the policy is issued.
- Children's Insurance Benefit Rider - Provides term life insurance coverage on the eligible children (dependent, up to age 19 at issue) of the person insured under the policy. It can be converted into any other insurance (except term) available for conversion.
- Maturity Extension Rider4 - Both the Accumulation Value version and the Death Benefit version extend coverage past the original maturity date of age 100.
- Return-of-Premium Death Benefit Rider5 - This rider provides additional term life insurance coverage on the life of the insured. The amount of additional insurance varies so that it always equals the cumulative amount of premiums paid under the Policy (subject to certain adjustments).
- Spouse/Other Insured Term Rider - Provides term insurance on the insured’s spouse, up to two times the base policy’s death benefit. It can be converted into any other insurance (except term) available for conversion.
- Terminal Illness Rider - Provides an accelerated death benefit if the insured is diagnosed with a terminal illness and has less than 12 months to live.
- Waiver of Monthly Deduction Rider - Provides a waiver of all monthly charges assessed for both your policy and any riders should you become totally disabled. Please note that this rider can only be purchased at the time the policy is issued.
1 Investment return and principal value may fluctuate so that an investor’s units, when redeemed or borrowed against, may be worth more or less than their original investment. Consult fund prospectuses for information on currently available funds.
2 Dollar cost averaging does not assume a profit or protect against a loss in declining markets. A policy owner
should consider his or her financial ability to continue purchases through periods of low price levels in order to utilize fully a dollar cost averaging program. Dollar cost averaging is also not available in conjunction with automatic rebalancing.
3 See the riders for complete details. There may be a charge for each rider selected. Adding or deleting riders and increasing or decreasing coverage under existing riders can have tax consequences. Policy owners should consult a qualified tax advisor.
4 Policies may be subject to tax consequences when continued beyond the maturity date. The policy may not qualify as life insurance under Internal Revenue Code after age 100. Policy owners should consult a qualified tax advisor before electing this option.
5 The premium returned does not take into account any time value of money.
The information provided on this page is for informational purposes only. The company provides neither tax nor legal advice. Consult your personal tax and/or legal advisor about your specific situation
Policies issued by:
American General Life Insurance Company
A subsidiary of American International Group, Inc. (AIG)
2727-A Allen Parkway, Houston, TX 77019
Policy Form Number 97610
Accidental Death Benefit Rider 82010
Automatic Increase Rider 95491
Childrens Insurance Benefit Rider 82410
Maturity Extension Rider — Accumulation Value at Date of Death 99110
Maturity Extension Rider — Death Benefit as of Original Maturity Date 99111
Return-of-Premium Deatn Benefit Rider 95150
Spouse Term Rider 88390
Terminal Illness Rider 91401
Waiver of Monthly Deduction Rider 82001
Variable universal life insurance policies issued by American General Life Insurance Company and distributed by American General Equity Services Corporation, member FINRA, www.finra.org and a subsidiary of AIG. This policy is not available in the state of New York.
The underwriting risks, financial obligations and support functions associated with the products issued by American General Life Insurance Company (American General Life) are its responsibility. AIG does not underwrite any insurance policies referenced herein. American General Life is responsible for its own financial condition and contractual obligations. American General Life does not solicit business in the state of New York. Policies and riders not available in all states.
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