About American GeneralAs a member company of the AIG Group of companies, American General enjoys an impeccable reputation that dates back 100 years. The company has been continuously safeguarding the hopes and dreams of individuals and families for a century. Since its inception, American General has grown its footprint while serving families across America and now ranks as one of the leading insurers in North America. Note: AIG offers life insurance policies in the State of New York from their wholly-owned subsidiary, United States Life Insurance in the City of New York. NOTE: We are not American General. If you would like to speak with a representative, you can call them at (713) 522-1111 or contact them through their website at AIG.com. American General Life Insurance – AIG 2727 – A Allen Parkway Houston, TX 77019
American General’s Financial Stability RatingsWhen consumers agree to purchase life insurance, they are accepting the company’s promise to pay in exchange for a premium. The promise put forth by the insurer must be a long term commitment since many life insurance claims are filed decades after the insurance contract is signed by both parties. Buying insurance based solely on rates can lead to tremendous disappointment if the company you have contracted with is unable to pay a claim because of financial difficulty. American General has demonstrated year after year that they will always be in a position to pay its claims when a policyholder’s beneficiary needs it most. Here are the financial ratings for American General Life Insurance Company:
|Rating Company||Current Rating|
|Standard & Poor’s||A+|
|Moody’s Investors Service||A2|
Products offered by American General LifeIn its efforts to accommodate individuals and families with the financial protection they need, American General offers a comprehensive portfolio of life insurance products.
Term Life InsuranceTerm insurance is certainly one of the most popular products for individuals and families looking to replace an income stream in the event of an unexpected death. With term insurance, applicants can get large face amounts at very affordable rates when compared to other permanent cash-value products. American General offers two term products: Select-A-Term and ROP Select-a-Term.
Select-A-TermAmerican General’s Select-a-Term product is similar to other term products in the marketplace except the company will issue policies that are year specific. For example, if you need coverage for only 23 years, you do not have to purchase a 25-year policy like you would with most other carriers. The Select-a-Term policy is also convertible for the duration of the policy or until the insured turns 70, whichever comes first. This means that if you have a 30-year term policy and are under age 70, you can convert your policy to a permanent policy without proof of insurability until you term 70 years old. The Select-A-Term product is also very affordable. Here are the actual rates for a very healthy male and female non-smoker for $500,000 20-year policy:
|Age of Applicant||Male Non-Smoker||Female Non-Smoker|