AIG Announces Elite Survivor Index® II

American International Group, Inc. (NYSE: AIG) today announced the launch of Elite Survivor Index II, its newly enhanced, cost-effective joint and last survivorship index universal life insurance that features a built-in death benefit with a no-lapse guarantee plus upside potential and downside protection, and the option to access the cash value of the policy anytime after the first year of issue.

“Americans work hard to build their estates and provide for their loved ones, and Elite Survivor Index II is designed to be a key part of a comprehensive financial plan, as it offers protection as well as more financial control during uncertain economic times,” said James A. Mallon, President, Life Insurance, AIG Global Consumer Insurance. “This is permanent life insurance with the potential for cash value accumulation, tax advantages and premium flexibility — and we believe it can serve as an appropriate solution for many family and business needs.”

“Elite Survivor Index II provides the benefits of traditional universal life insurance along with the potential for greater growth in policy value,” said Tim Heslin, Vice President, Product Strategy and Implementation, AIG Global Consumer Insurance. “With increased cap rates, now at 13 percent, and higher participation rates, now at 70 percent, the product offers strong upside potential for growth if the market performs well. Further, a new Choice Loan1 option allows access to the funds while they remain eligible for index interest, so this is life insurance you don’t have to die to use.”

Elite Survivor Index II offers the flexibility to choose among three interest-crediting accounts that fit needs:

  • A declared interest account with a guaranteed 2.00 percent minimum annual interest rate,
  • An index interest account with interest crediting linked to the annual growth of the Standard & Poor’s 500 Price Index (S&P 500® Index)2, subject to an annual cap and a minimum annual guaranteed interest rateof 0.25 percent, regardless of index performance, and
  • An index interest account with interest crediting linked to the annual growth of the S&P 500 Index subject to a participation rate and an annual minimum guaranteed interest rate of 0.25 percent, regardless of index performance. This provides the potential for higher crediting interest rates when the index is up and the safety of a minimum guaranteed interest rate.

In addition, Elite Survivor Index II features a built-in death benefit with a no-lapse guarantee, which is now guaranteed for up to 20 years or age 80, whichever comes first.

Elite Survivor Index II may be of particular interest to a wide variety of consumers, including:

  • Couples who need tax-advantaged supplemental retirement income,
  • Couples with children from previous marriages,
  • Couples with special needs children,
  • Same-gender couples,
  • Couples who want to leave charitable gifts,
  • Grandparents who want to leave a legacy for a grandchild, and
  • Related or non-related business partners.

For more information on Elite Survivor Index II and life insurance you don’t have to die to use, visit www.RetireStronger.com.

This information is general in nature and may be subject to change. The Company, its financial professionals and other representatives are not authorized to give legal, tax or accounting advice. Applicable laws and regulations are complex and subject to change. Any tax statements in this material are not intended to suggest the avoidance of U.S. federal, state or local tax penalties. For advice concerning your situation, consult your professional attorney, tax advisor or accountant.

Policies issued by American General Life Insurance Company (AGL). Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). Guarantees are backed by the claims-paying ability of AGL. May not be available in all states and product features may vary by state. Policy Form Numbers 14220, ICC14-14220.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGInsurance | LinkedIn: http://www.linkedin.com/company/aig.

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

1 Choice Loans are appropriate only for certain policy holders.
2 The S&P 500 (the “Index”) is a product of S&P Dow Jones Indices LLC or its affiliates (“SPDJI”) and has been licensed for use by AGL. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). These trademarks have been licensed to SPDJI and sublicensed for certain purposes to AGL. Elite Survivor Index II is not sponsored, endorsed, sold or promoted by SPDJI, S&P or their respective affiliates, and none of such parties make any representation regarding the advisability of paying premiums for Elite Survivor Index II nor do they have any liability for any errors, omissions or interruptions of the Index.

Contacts:

AIG
Stasa Cushman (AIG Life and Retirement)
713-831-6414
stasa.cushman@aig.com

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