SimpliNow Legacy offers a Level or Graded Death Benefit, and Tobacco & Non-Tobacco rates, determined by client eligibility.
Issue Age is Calculated as Age Last Birthday.
All premiums quoted guarantee the initial Death Benefit selected for the age shown for each displayed underwriting class. The product has two death benefit designs. The Legacy Max Level Death Benefit Product pays the face amount of the policy after the policy is issued. Under the Legacy Graded Death Benefit Product, a reduced death benefit equaling 110% of paid premiums will be paid during the first two policy years if death results from sickness or other natural causes.
Premium charges will depend on each applicant’s evidence of insurability. The insurance company may contest the policy for two years from date of policy issue or the date of reinstatement for material misstatements or omissions on the application. Death benefit is payable from any cause, except suicide within the first two policy years. In the event of suicide in the first two years, the policy is limited to return of premiums paid less any policy loans and less any partial cash surrenders paid. Premiums paid may exceed amount of coverage. For an estimate of the year the premiums may exceed the amount of coverage, divide the face amount by the annual premium.
Under current federal tax law, this policy will qualify as life insurance under the Cash Value Accumulation Test.
Policy Issued by:
American General Life Insurance Company, 2727-A Allen Parkway, Houston, Texas 77019
American General Life Insurance Company is the sole issuer of SimpliNow Legacy Policies.
SimpliNow Legacy Policy Form Number ICC21-21445, 21445, 21445-5, 21445-10, 21445-35, 21445-42
SimpliNow Legacy Max Policy Form Number ICC21-21447, 21447, 21447-5, 21447-10, 21447-35, 21447-42
Terminal Illness Rider Form Number ICC21-21468, 21468, 21468-5, 21468-10
Nursing Home Confinement Rider Form Number ICC21-21469, 21469, 21469-5, 21469-10
Accidental Death Benefit Rider Form Number ICC21-21470, 21470, 21470-5, 21470-35 and 21470-42
The underwriting risks, financial and contractual obligations, and support functions associated with the products issued by American General Life Insurance Company (AGL) are its responsibility. AGL does not solicit business in the state of New York. Policies and riders are not available in all states. Guarantees are subject to the claims-paying ability of the issuing insurance company. AGL is a member of American International Group Inc., (AIG). AIG does not underwrite any policy described herein.
Important: Prior to soliciting business, be certain that you are properly licensed and appointed with the insurer and that the product has been approved for sale by the insurer in that state. If uncertain, contact your American General Life representative for assistance.
FOR AGENT USE ONLY - NOT FOR PUBLIC DISSEMINATION