Protection now. Money back later. We all recognize the need to provide life insurance protection for our families. Without it, the death of a loved one can have devastating consequences. Level premium life insurance is popular because it's a affordable way for families to protect their loved ones for a specified period of time. Fortunately, many families never need the death benefit.
With level premium insurance, as long as you pay your premium, the policy will pay the death benefit in the event you die. But did you know that for a slightly higher premium today, you can get the same guaranteed protection now, and get money back later?
AG ROP Select-a-Term®1 is insurance that pays your premiums back at the end of the level premium period you select. As long as you live to the end of the term, you have the option to get your money back: guaranteed and tax free.1 And, your cash value continues to grow as long as you pay your premiums. It's guaranteed insurance protection with a payback at the end. It's affordable. And it's underwritten by American General Life Insurance Company - a company you know will be there when your family needs it.
Not every insurance carrier offers this type of policy. American General Life began offering a return of premium life insurance policy in response to customers looking for solid coverage including a death benefit, plus the opportunity to have their premiums returned to them to use and enjoy at the end of the level premium term.
There is no catch. Return of Premium life insurance is a different type of term life insurance policy. Assuming you have paid your premiums timely and your policy is paid up and in force, your loved ones will receive full benefits should you die. And if you are still alive when the level premium period ends, you can choose to receive the cash value - guaranteed to be equal to the amount you paid in premiums.
Not every carrier offers a policy that can return your term life insurance premiums. As a result, many people have never heard of this type of policy. Secondly, some people simply want a basic, affordable term life insurance policy. And for others, it doesn't fit their situation, needs or budget. Insurance coverage is a highly personal decision. Our licensed life insurance agents can provide you with information at no cost to help you decide what is right for you and loved ones.
1Advertised American General Life AG ROP term life insurance: Policy Form #07007, issued by American General Life Insurance Company, Houston, TX. 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. 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.
We think what our satisfied customers say about us in their life insurance reviews, says more than any advertising campaign ever could. A life insurance rating from customers is a great way to see what people really think about a company. The reviews you see below are from customers who purchased life insurance policies through AIG Direct. After a customer buys life insurance from us we ask them for a review. We post all reviews unless their content is obscene, inflammatory or not factually accurate. We ask customers to rate our services and then produce an overall rating as shown below. We encourage you to read our life insurance reviews and see just how happy our customers are.
The reviews from customers presented should not be construed as a recommendation to purchase or an indication of the value of any product or service. The customers providing the reviews are not affiliated with AIG Direct; nor was monetary consideration provided to them.
* Issuance of permanent life insurance subject to the underwriting requirements of the issuing insurance company. Individual issuance experience may vary.