Single-Premium Life Insurance. 

Inheritance Life Plus^SM: Increase the legacy you leave to loved ones

Many people think that they are too old for life insurance…but most likely they aren’t for the product that we have, Inheritance Life Plus; it’s available for ages 40 to 85.

Do you have assets you don’t intend to use and plan to leave to family or a favorite charity? Maybe it’s a CD that you continue to roll over…

Would you like to increase the amount you leave to your loved ones? Would you like for their inheritance to be tax-free¹ and for it to avoid probate?² 

To learn more of the features of Inheritance Life Plus and how you might immediately increase the legacy you leave to your loved ones, speak with your financial advisor in your bank or credit union. For Inheritance Life Plus, there’s no medical exam needed. It takes about 10 minutes to answer five medical questions and find out if you are approved.

Inheritance Life Plus…Smart. Secure. Simple. You may have the ability to substantially increase the wealth that you leave to your family and charities. And, you can likely enable them to avoid paying income taxes¹ on this money and avoid probate²! Most people are unaware they have this power.

Immediately Increase your Legacy

Inheritance Life Plus has many attractive features, but one stands out above the rest – the ability to transform a given amount of money (for instance, $50,000 in the example chart below) into a larger tax-efficient death benefit* – even at later ages.

For instance, a 65-year-old female, who is rated Preferred, could convert her $50,000 single premium into a $90,000 inheritance for her loved ones -- a substantial and immediate increase.

Inheritance Life Plus...Smart. Secure. Simple.

Smart
Inheritance Life Plus is a tax-advantaged way of transferring wealth.

• Value of your estate increases instantly because the one-time premium produces a death benefit larger than the premium³
  
  
• Death benefit is guaranteed and will never be less than the initial specified amount^4,5,6
  
  
• Death benefit passes to your beneficiaries on an income-tax-free basis¹
  
  

Secure
Inheritance Life Plus gives you the security of guarantees.

• Guaranteed return of premium means that your cash surrender value will never be less than the single premium you paid (less loans and withdrawals)⁷
  
  
• You can access the funds if you need them in an emergency⁸
  
  
• After first policy year, you may take partial withdrawals of up to 10% of the policy’s accumulation value (less outstanding loans) without any surrender charge ^9,10
  
  
• Policy loans are available at any time¹¹
  
  
• One time acceleration of up to 80% of death benefit if diagnosed as terminally ill (less than 24 months to live (12 in Florida)). Amount available is reduced by any outstanding loan. Maximum benefit payment is $250,000¹²
  
  
• One time acceleration of up to 70% of death benefit if you have a chronic illness (within the preceding 12 months). Amount available is reduced by any outstanding loan. Maximum benefit payment is $250,000¹² 
  
  
• Surrender charges are waived upon a qualifying medical stay (confined in a licensed hospital or nursing facility) for either you (the policyholder) or your spouse, or if you or your spouse are diagnosed as chronically ill as certified by a licensed healthcare practitioner¹⁴
  

Simple
You only have to answer five questions to determine eligibility. 

The underwriting process is very simple and therefore you can receive a fast response. No medical exam is required. On occasion, an additional review is needed. However, usually within 10 minutes you’ll know if you are approved.  

Inheritance Life Plus. Smart. Secure. Simple.

For more information:

Selling Agents: Call Internal Wholesaling at 1-888-237-4210.

¹ Based on current federal income tax laws.
² Subject to state probate laws.
³ No increases to the death benefit are allowed. The company will not accept any additional premium payments. 
⁴ Partial withdrawals and policy loans reduce the death benefit amount.
⁵ Guarantees are subject to the claims-paying ability of the issuing insurance company.
⁶ Under the maturity extension benefit, the death benefit will be equal to the death benefit amount in effect on the day prior to the original maturity date.
⁷ Premium returned does not take into account the time value of money.
⁸ In most cases, the single premium at certain ages will result in a Modified Endowment Contract (MEC). With a MEC, partial withdrawals, loans and surrenders will generally be taxed as regular earnings. Under current tax law, distributions will also be subject to a 10 percent federal tax penalty on the taxable portions if the owner is under 59-1/2. Clients should always consult their tax advisors regarding their particular circumstances. 
⁹ Surrender charges apply for the first seven policy years. 
¹⁰ Partial withdrawals reduce the death benefit on a pro rata basis.
¹¹Preferred loans are available after the 10th policy year at zero net cost. Preferred loans are restricted to policy earnings. The policy will terminate if the policy loan amount is greater than the cash value at any time.
¹² This benefit is available under the Terminal Illness Rider.  See rider for details.  Rider availability and features may vary by state.  Not available in New York.
¹³ This benefit is available under the Critical Illness Rider.  See rider for details.  Rider availability and features may vary by state.  Not available in New York.
¹⁴ This benefit is available under the Waiver of Surrender Charge Rider.  See rider for more details.  Rider availability and features may vary by state.

 
  

Policies issued by:
American General Life Insurance Company
2727-A Allen Parkway, Houston, Texas 77019 

Inheritance Life Plus Policy Form Number 11440, IC11-1440

Terminal Illness Rider Form Number 11401
Critical Illness Rider Form Number 11400
Waiver of Surrender Charge Rider Form Number 06422 

The United States Life Insurance Company in the City of New York
70 Pine Street, New York, New York 10270 

Inheritance Life Plus Policy Number 11440N, 11440NU
Waiver of Surrender Charge Rider Form Number 06422N 

The underwriting risks, financial and contractual obligations and support functions associated with the 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. United States Life is authorized to conduct insurance business in New York. Policies and riders not available in all states. American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising domestic life operations of American International Group, Inc., including American General Life and United States Life. 

©2012 All rights reserved.