Quality of Life...Insurance® is designed to help provide security for your loved ones in the event of your premature death... but it is also life insurance you don't have to die to use. In addition to traditional term life insurance, this product has "living benefits" that offer you the flexibility to receive benefits during your lifetime if you suffer a qualifying illness or condition.
Coverage for the policyholder for a specific amount of time, which is known as the "term." Terms typically range from 10 to 30 years, depending on the preference of the policyholder. This traditonal term life insurance includes an income-tax free death benefit, fixed premiums, and can include optional riders with a separate fee.
The one or more accelerated benefit riders attached to your policy permit the owner to receive a portion of the insured person’s life insurance benefit under the policy due to a qualifying critical, chronic, or terminal illness during the insured person’s lifetime, subject to policy terms and conditions. Click here for Important Consumer Disclosures Regarding Accelerated Benefit Riders.
Chronic Illness - A qualifying Chronic Illness is an illness or physical condition that was initially certified by a licensed health care practitioner within the past 12 months and permanently affects the Insured Person so that he or she is unable to perform at least two of the normal Activities of Daily Living (ADLs) without substantial assistance or requires substantial supervision from another person to protect the Insured Person from threats to health and safety due to cognitive impairment.
Critical Illness - Critical Illnesses or conditions covered under the rider include (but are not limited to): major heart attack (heart attack in certain states), stroke, invasive cancer, paralysis and more.
Terminal Illness - Terminal Illnesses are illnesses or physical conditions that are certified by a physician to be reasonably expected to result in the insured's death within 24 months from the date of certification.
Accelerated benefits and definitions may vary in some states and/or not be available in all states.
Besides providing valuable life insurance protection, QoL Flex Term helps cover a broad range of specific life events and offers a powerful new way to customize your life insurance plans to anticipate unknown future events.
QoL Flex Term offers you the ability to affordably cover multiple needs using a modern, competitively priced term life insurance product. QoL Flex Term premiums are guaranteed for the entire Level Premium Period and can cost only a bit more than a traditional term life insurance policy! QoL Flex Term is one of the Quality of Life...Insurance products offered by American General Life Insurance Company. One or more accelerated benefit riders (ABRs) are offered with every Quality of Life...Insurance product at no additional cost to the policyowner. These valuable riders offer you the flexibility to receive benefits during your lifetime if you suffer a qualifying illness. Besides providing valuable life insurance protection, QoL Flex Term helps cover a broad range of specific life events and offers a powerful new way to help customize your life insurance plans to anticipate unknown future events.
When choosing a life insurance policy like QoL Flex Term through AIG Direct there are many factors to consider. To get the right type of coverage, appropriate amount and a good price for life insurance, talk to a licensed professional at AIG Direct. Discuss your budget, your current situation and future aspirations, such as college for your kids, paying off your home or retirement goals. Having solid information can help you to make a good decision.
Policy Form #s: ICC14-14523, 14523, and 14523-5 Rider #s: ICC10 AGLA ABR, AGLA ABR, AGLA 04CRIR, AGLA 04CHIR, AGLA 04TIR, AGLA 04CHIR-CA (0514), 14001, 14001-5, and AGLA 05AHC.
Download the Quality of Life Flex Term product brochure