American General Life Insurance Company (AGLA) has expanded its Quality of Life…Insurance products portfolio with the addition of AGLAchoiceGuarantee Plus universal life insurance product.
Designed to provide protection for a customer's entire lifetime, the AGLAchoiceGuarantee also provides an option to receive a living benefit to help supplement customer's retirement income with the new CustomerChoiceLifestyle Income Rider.
Initially launched in the Career Distribution and New Career sales channels, the new product will be made available to other American General Life Companies sales channels in June.
American General Life Insurance Company Life and A & H president and CEO Jim Mallon said that the AGLAchoiceGuarantee Plus and the CustomerChoiceLifestyle Income Rider offer customers with safe and secure life insurance protection with potential to receive income if they need it.
"Customers can gain financial security against both dying too soon and living too long," Mallon added.
Designed to help Americans preserve their standard of living, the income rider provides the option to receive a living benefit to help supplement retirement income.
AGLA provides a range of affordable and innovative life insurance, annuity, accident and supplemental health insurance products to millions of Americans.