AG Secure Survivor GUL® II
Guarantee death benefit and
protect heirs — regardless of
future economic conditions
Solution
Bill (66) and Marie (64) own a local dry cleaning business worth about
Bill and Marie.* The policy is
$2 million. And neither of their children work in the business.
designed to guarantee the death
They have discussed that, if either spouse should die, the other would
To fund this arrangement, Tom buys
an AG Secure Survivor GUL II
policy for $2 million insuring
benefit until Marie’s age 100.
continue to own and run the business, but if both should die, their
Bill and Marie will have the
children would inherit a business that neither has any interest in running.
business bonus the premium to
Bill and Marie’s most-senior manager and long-time employee, Tom
Tom and set the premium funding
(37) would be the perfect person to continue the business, so they put
period for 10 years, which results
together a business succession plan whereby Tom would buy the
in a guaranteed premium of
business from their children.
$50,610 per year.
Learn the power of Optionality
®
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optionality
in action
®
Fast forward 16 years: Bill and Marie, now 82 and 80 respectively, retired
five years ago. Tom is running the business successfully. As guaranteed, Tom
stopped paying premiums six years ago on the policy. Although the markets
have risen and fallen and the business has ebbed and flowed, the policy
continues to provide guaranteed coverage, unlike a traditional UL policy.
Tom can rest assured that he will be the ultimate owner of the business, while
Bill and Marie are confident that their children will receive their inheritance.
•Male issue age 66, Female issue age 64, both Preferred Nontobacco
•Purchase $2 million AG Secure Survivor GUL II policy
•Yearly premium $50,610
•Policy is paid up in 10 years
•Guaranteed protection will last 36 years to Marie’s age 100
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1
May 12, 2015. Not an actual case, presented for illustrative purposes only. Guarantees are subject to the claims
paying ability of the issuing insurance company.
Policies issued by American General Life Insurance Company (AGL), 2727-A Allen Parkway, Houston, Texas 77019.
Policy Form Numbers 13239, ICC13-13239; Enhanced Surrender Value Rider Form 11990, ICC-11990; Four-Year
Term Rider Form 01904. The underwriting risks, financial and contractual obligations and support functions associated
with the products issued by AGL are its responsibility. Guarantees are subject to the claims-paying ability of the issuing
insurance company. AGL does not solicit business in the state of New York. AGL is a member company of American
International Group Inc., (AIG). AIG does not underwrite any policy described herein. Policies and riders not available
in all states. These product specifications are not intended to be all-inclusive of product information. State variations
may apply. Pleaserefer to the policy for complete details. © 2015 AIG. All rights reserved.
AGLC107181REV0415