Life Insurance Policy Forms - Issued by American General Life Insurance Company (AGL) a member of American International Group, Inc. (AIG):
Not all policies/contracts are available in every state.
Policy Form Numbers: 15442, 15442-5, ICC15-15442, 15442-10A; Rider Form Numbers: 15602, ICC15-15602, 15603, ICC15-15603, 15604, ICC15-15604, 15600, ICC15-15600, 15972, 15972-5, 82012, 82012-CA, 82410, 88390, 14002, 14002-5, ICC14-14002, 15990, 13600-5, AGLA 04CHIR-CA (0514), AGLA 04CRIR, and AGLA 04TIR. State variations may apply.
Policy Form Numbers: 15646, ICC15-15646, 15646-5;; Rider Form Numbers: 15602, ICC15-15602,15603, ICC15-15603, 15604, ICC15-15604, 15600, ICC15-15600, 82012, 82012-CA, 82410, 88390, 14002, 14002-5, ICC14-14002, 14306, 14306-5, 07620, 15997, ICC15-15997, 15996, 15996-5, 15994, ICC15-15994, 15271, ICC15-15271, 15274, ICC15-15274, 15272, ICC15-15272, 15273, ICC15-15273, 13600-5, ICC13-13600- 5, AGLA 04CHIR-CA (0514), AGLA 04CRIR REV1005, and AGLA 04TIR REV1005. State variations and availability do apply.
For Policy Forms: 16760, ICC16-16760 , 16760-5; and Riders ICC15-15603, 15603,
ICC15-15602, 15602, ICC15-15604, 15604, ICC15-15600, 15600, 82012, 82012-CA, 82410, 88390, ICC14-14002, 14002-5, 07620, ICC15-15992, ICC15-15997, ICC15-15271, ICC15-15272, ICC15-15273, ICC16-16110, 15972 (AGLA 04CHIR-CA (0514), AGLA 04TIR, AGLA 04CRIR, 13600-5). State variations may apply.
For Policy Forms: ICC16-16901, 16901, ICC16-16900, 16900, and Riders ICC15-15602, 15602, ICC15-15603, 15603, ICC15-15604, 15604, AGLA 04CRIR, AGLA 04TIR, AGLA 04CHIR-CA (0514) State variations may apply.
Important Consumer Disclosures Regarding QoL SelectChoice II Accelerated Benefit Riders available on QoL Guarantee Plus GUL II and QoL Max Accumulator+ Disclosures Applicable to Critical Illness Accelerated Death Benefit Rider, Chronic Illness Accelerated Death Benefit Rider, and Terminal Illness Accelerated Death Benefit Rider
Important Consumer Disclosures Regarding QoL SelectChoice Accelerated Benefit Riders available on QoL Guarantee Plus, QoL Index Plus II, QoL Value + Protector and QoL Flex Term.
Disclosures Applicable to Accelerated Benefit Rider, Critical Illness Accelerated Benefit Rider, Chronic Illness Accelerated Death Benefit Rider, and Terminal Illness Accelerated Benefit Rider – California Only
Disclosures Applicable to the Critical Illness Accelerated Benefit Rider and the Terminal Illness Accelerated Benefit Rider Only
Disclosures Applicable to the Accelerated Benefit Rider Only
Disclosures Applicable to the Chronic Illness Accelerated Death Benefit Rider Only
Important Notice Regarding the Chronic Illness Accelerated Death Benefit Rider (California Only)
There are no restrictions or limitations on the use of the accelerated death benefit proceeds under the Chronic Illness Accelerated Death Benefit Rider. The accelerated benefits payable under this rider are generally intended for favorable tax treatment under Section 101(g) of the Internal Revenue Code. There may be tax consequences in some situation in accepting an accelerated benefit payment amount, such as where payments exceed the per diem limitation under the Internal Revenue Code. You should consult your personal tax advisor to assess the impact of this Benefit prior to accepting the Benefit.
However, it is important to note the following:
This is a life insurance benefit that also gives you the option to accelerate some or all of the death benefit in the event that you meet the criteria for a qualifying event described in the policy. This policy or certificate does not provide long-term care insurance subject to California long-term care insurance law. This policy or certificate is not a California Partnership for Long-Term Care program policy. This policy or certificate is not a Medicare supplement policy.
An accelerated death benefit such as the Chronic Illness Accelerated Benefit Rider and long-term care insurance provide very different kinds of benefits:
Generally, an accelerated death benefit is a rider to or other provision in a life insurance policy that permits the policy owner to accelerate some or potentially all of the death benefit of a life insurance policy if the insured meets the definition of having a chronic illness as defined in the rider or policy provision. Acceleration of death benefits and payments under such an accelerated death benefit will reduce the death benefit of the policy and reduce other policy values as well, potentially to zero. If the entirety of the insurance amount is accelerated, the policy terminates.
A Long Term Care insurance policy is any insurance policy, certificate, or rider providing coverage for diagnostic, preventive, therapeutic, rehabilitative, maintenance, or personal care services that are provided in a setting other than an acute care unit of a hospital. Long-term care insurance includes all products containing any of the following benefit types: coverage for institutional care including care in a nursing home, convalescent facility, extended care facility, custodial care facility, skilled nursing facility, or personal care home; home care coverage including home health care, personal care, homemaker services, hospice, or respite care; or community-based coverage including adult day care, hospice, or respite care. Long-term care insurance includes disability based long-term care policies but does not include insurance designed primarily to provide Medicare supplement or major medical expense coverage.
If you are interested in long-term care, nursing home or home care insurance, you should consult with an insurance agent licensed to sell that insurance, inquire with the insurance company offering the accelerated death benefits, or visit the California Department of Insurance Internet Web site (www. insurance.ca.gov) section regarding long-term care insurance.
If you choose to accelerate a portion of your death benefit, doing so will reduce the amount that your beneficiary will receive upon your death.
Receipt of accelerated death benefits may affect eligibility for public assistance programs, such as Medi-Cal or Medicaid. Prior to electing to receive the accelerated death benefit, you should consult with the appropriate social services agency concerning how receipt of accelerated death benefits may affect that eligibility.
If the policy terminates, the Chronic Illness Accelerated Death Benefit Rider will terminate also.
Quality of Life. . .Insurance is a suite of life insurance products. In addition to needed life insurance protection, it also offers living benefits through QoL® Accelerated Benefit Riders. If you suffer a qualifying event, the QoL Accelerated Benefit Riders can provide an advance of your policy’s death benefit to cover the costs of care, recoup lost income or any other purpose.
Quality of Life. . .Insurance also offers:
* Feature available on QoL Guarantee Plus GUL II
** Feature available on QoL Guarantee Plus GUL II
Some life insurance policies offer options that provide benefits to help with medical expenses, retirement or other life events. Since you don’t have to die to receive these benefits, they’re called "living benefits." Quality of Life Insurance products include living benefits that can help make an impact on your lifelong security and peace of mind.
1 Guarantees are subject to the paying ability of the issuing insurance company.
2 Subject to terms and conditions.