AG Secure Survivor GUL
SM
Learn the power of optionality:
Guarantee the death benefit and protect heirs —regardless
of future economic conditions
Bill (66) and Marie (64) own a dry cleaning business worth about $2 million.
Neither of their two children works in the business. They have discussed
that, if either spouse should die, the other would continue to own and run
the business, but if both should die, their kids would inherit a business
that neither has any interest in running. Bill and Marie’s most-senior
manager and long-time employee, Tom (37) would be the perfect person
to continue the business, so they put together a business succession plan
whereby Tom would buy the business from the kids.
Solution:
To fund this arrangement, Tom buys an AG Secure Survivor GUL policy
for $2 million insuring Bill and Marie.* The policy is designed to guarantee
the death benefit until Marie’s age 100. Bill and Marie will have the
business bonus the premium to Tom and set the premium funding period
for 10 years, which results in a guaranteed premium of $43,136 per year.
Ask your financial professional about
AG Secure Survivor GUL
An unmatched package of guarantees and flexibility
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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
policy
■■
Yearly premium $43,136
■■
Policy is paid up in
10 years
■■
Guaranteed protection
will last 36 years to
Marie’s age 100
*State of Texas as of March 26, 2012. 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, 2727-A Allen Parkway, Houston, Texas 77019. Policy form numbers 11239; ICC-11239. The underwriting
risks, financial and contractual obligations and support functions associated with the products issued by American General Life Insurance Company (AGL) are its responsibility.
Guarantees are subject to the claims paying ability of the issuing insurance company. AGL does not solicit business in New York. Policies and riders not available in all states.
American General Life Companies, www.americangerneral.com, is the marketing name for a group of affiliated domestic life insurers, including AGL. Please note that AGL is
solely the provider of insurance products. The company, its employees, agents, representatives, and its affiliates do not provide tax, legal, or financial advice. No representation
or warranty, express or implied, is made by AGL and its affiliates as to the completeness of the information in this document. It is strongly suggested any insured or proposed
insured should consult their personal tax, legal, or financial experts or advisors with any questions.
© 2012. All rights reserved.
AGLC105920