Partial Withdrawal Information
This information applies to life insurance policies that accumulate a cash value and that may allow the owner to borrow or withdrawal cash value without terminating the policy.

You may have the option of taking a portion of your cash value as a partial surrender/withdrawal. A Partial Withdrawal will result in the reduction of the cash value, accumulation value and the death benefit amount. The cash value and accumulation value will be reduced by the amount of the partial withdrawal. The reduced death benefit amount will be reduced in accordance with the death benefit option provision of your policy. Taking a partial withdrawal may have adverse tax consequences.

Steps for Requesting a Partial Withdrawal on Your Policy

Step 1 – Determine the maximum amount available for your partial withdrawal in one of the following ways:


Step 2 – Determine requirements for your request:

  • If any of the items on the following list apply to your policy, please complete the Cancellation and Disbursement Request form (Non-New York) or (New York) paying special attention to the definitions and instructions on page 4.
      • Collateral Assignment
      • Trust Owned
      • Corporate Owned
      • Partnership
      • Limited Partnership
      • Limited Liability Partnership
      • Sole Proprietorship
      • Guardianship/Conservatorship
      • Power of Attorney
      • Requesting Partial Withdrawal amount of $50,000.00 or more
  • If your policy is owned by an individual, you are requesting a partial withdrawal of less than $50,000.00 and none of the above conditions apply, you may request the partial withdrawal in any one of the following ways:
    1. Contact our Customer Service Center to request a partial withdrawal by phone
    2. You may submit a signed written request. Please make sure your request indicates your desired income tax withholding and mailing instructions (if other than the address on record)
    3. You may submit the Cancellation and Disbursement Request form (Non-New York) or (New York)

  • For a partial withdrawal that will pay off an outstanding policy loan on an American General Life Companies policy, the above requirements apply. Please also note the following:
    1. Written Request - If your partial withdrawal request to pay off an outstanding policy loan is being submitted in writing please specify that the proceeds are to be applied to the outstanding policy loan and include the policy number.
    2. Cancellation and Disbursement Request form (Non-New York) or (New York) - If your partial withdrawal request to pay off an outstanding policy loan is being submitted using the form, please mark the appropriate box in Section B under Partial Withdrawal.

Step 3 – Submit request

Please use any of these options to send the Cancellation and Disbursement Request form or written requests.

U.S. Mail
American General Life Companies
P.O. Box 4373
Houston, Texas
77210-4373

Overnight Mail
American General Life Companies
2727-A Allen Parkway
Houston, Texas
77019-2155

Fax
Fixed
(713) 831-3028
Variable Universal Life
(713) 620-6653

Your request will be processed in the order it is received and typically will be completed within the standard processing time for this type of transaction.

Please check the Policy Loans and Withdrawals FAQs for more details.