Other Types of Life Insurance Policies

What should you know about Life Insurance?

Other Insurance to Consider

In addition to basic term and permanent life insurance, there are other types of policies available: variable universal life, survivorship policies and single-premium life.

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Single-Premium Life Back To Top

Single life policy, an interest-sensitive contract with tax-deferred earnings as well as life insurance protection

Single-premium payment

Variable Universal Life Back To Top

• Policy owner selects variable investment options
• Stock funds
• Bond funds
• Money market funds

• Provides an insurance coverage floor at death

• Insured retains some portion of investment risk

Survivorship Policies Back To Top

• Traditional or interest-sensitive policies

• Pays beneficiary at time second insured dies

• Usually purchased when two people have a large estate, business property, or need cash for estate-tax payment

• Covers two lives, so premiums are lower and coverage is for a longer period of time

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Important Notice about Purchasing a VALIC Annuity From Us

To help the government fight the funding of terrorism and money-laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who purchases certain annuity products. What this means for you: When you purchase certain annuity products from us, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may ask to see your driver's license or other identifying documents.

Annuities and insurance products are offered by The Variable Annuity Life Insurance Company (VALIC), AIG Annuity Insurance Company, AIG-affiliated insurance companies or other approved companies. Each underwriting company is financially responsible for its own insurance products.

Securities and investment advisory services are offered by AIG Retirement Advisors, Inc., member FINRA, SIPC and an SEC-registered investment advisor.

AIG Retirement is the marketing name for the group of companies comprising AIG Retirement Advisors, Inc.; AIG Retirement Services Company; and The Variable Annuity Life Insurance Company (VALIC); each of which is a subsidiary of American International Group, Inc.

This information is general in nature and may be subject to change. Neither VALIC nor its financial advisors or other representatives give legal or tax advice. Applicable laws and regulations are complex and subject to change. For legal or tax advice concerning your situation, consult your attorney or professional tax advisor.