Term Life Policies

What should you know about Life Insurance?

Term Life Policies

Term Life Insurance Policies

There are generally three variations of Term life insurance policies: individual, group, and credit.

Display Tab View | Display List View

Individual Term Back To Top

Generally for short-term to mid-term obligations
Charges for pure cost of insurance protection
Does not build cash value

Generally for a specific time period (e.g., 1 to 15 years)
Usually renewable

Group Term Back To Top

• Underwriting more lenient than individual coverage
• Employer may share the cost
• At termination of employment, coverage ceases unless employee converts to an individual policy

Credit Life Back To Top

• Covers an outstanding loan balance
• Normally sold by banks and retailers
• High cost compared to individual and group term

Copyright © 1996 - 2008 American International Group, Inc. All rights reserved.
Prospectuses & Reports | Terms of Use | Privacy | Business Continuity | AIG.com Last Updated Date 6/26/2008 1:31:15 AM

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.