| You’ve already passed so many benefits on to your children — your wisdom, your values, the principles by which you live your life. With Elite Survivor universal life insurance from American General Life Insurance Company (American General Life), you can be certain they’ll inherit something else after you’re gone: the estate you’ve worked so hard to build.
Depending on the size of your estate, Federal estate taxes could be imposed. Federal estate taxes are generally due within nine months of death and could absorb nearly half of your assets before a single dollar goes to your heirs.1 Elite Survivor lets you plan ahead to provide funds for taxes and settlement costs, leaving your personal and business assets intact.
The policy covers both you and your spouse, with benefits paid on the second death — when your estate passes to your heirs and estate taxes most often are due. With proper planning, the death benefit will pass to your heirs free of both income taxes and estate taxes.1,4 You can be secure in the knowledge that your loved ones will receive the legacy you’ve spent a lifetime creating — not just a piece of it.
- Increase or decrease your death benefit to fit your changing needs. Increases and decreases are subject to the policy’s terms and conditions.
- With Elite Survivor, you can select a premium payment plan that fits your financial needs and goals. Pay a low annual premium to maintain death benefit protection based on today’s interest rates,2 or make additional premium payments to accelerate the growth of your cash values.
|
|
- With Elite Survivor, your cash values accumulate on a tax-deferred basis.3 Use these funds in the future to pay the policy’s premiums, let them offset interest rate fluctuations — or take them out in cash to finance your personal goals.4
- 20 - 90
- $250,000
- Annually Renewable Term: Provides level term insurance on the life of either or both individual insureds.
- Maturity Extension:6 Extends your coverage past the maturity age of 100, provided the policy is in force to that point. This rider offers two maturity extension options:
- Under the Maturity Extension Rider-Accumulation Value (MER-AV), the death benefit after the original maturity date will be equal to the accumulation value on the date of the last surviving insured’s death.
- Under the Maturity Extension Rider-Death Benefit (MER-DB), the death benefit will be equal to the death benefit amount in effect on the day prior to the original maturity date. (MER-DB is not available in Maryland.)
Get more information regarding Elite Survivor and other American General life insurance products. 
1 With passage of the Economic Growth and Tax Relief Reconciliation Act of 2001, Congress repealed the estate tax for those dying in 2010. However the law has a sunset provision regarding the repeal of estate taxes. As it currently stands, the estate tax reverts to the 2001 law on January 1, 2011. Information provided is based on current tax law. AIG, its affiliates, representatives, employees and or agents do not provide legal, financial or tax advice. Please consult your tax advisor for answers to questions you may have regarding how this sunset provision pertains to your individual estate tax situation.
2 Assuming interest rates remain sufficient to sustain policy value
3 Based on federal income tax laws.
4 Consult with your tax professional to determine the effect of federal estate taxes on your individual situation
5 See the riders for complete details. There may be a charge for each rider selected. Adding or deleting riders and increasing or decreasing coverage under existing riders can have tax consequences. Policy owners should consult a qualified tax advisor.
6 Policies may be subject to tax consequences when continued beyond the maturity date. The policy may not
qualify as life insurance under the Internal Revenue Code after age 100. Policy owners should consult a qualified tax
advisor before electing this option.
Policies issued by:
American General Life Insurance Company
A subsidiary company of American International Group, Inc. (AIG)
2727-A Allen Parkway, Houston, TX 77019
Policy Form Number 02108
Maturity Extension Riders Form Numbers 99110, 99111
Annually Renewable Term Rider Form Number 90295
The underwriting risks, financial obligations and support functions associated with the products issued by American General Life Insurance Company (American General Life) are its responsibility. AIG does not underwrite any insurance policies referenced herein. American General Life is responsible for its own financial condition and contractual obligations. American General Life does not solicit business in the state of New York. Policies and riders not available in all states.
