Product has market-leading pricing, strong protection, and significant guarantees
HOUSTON, July 27, 2015 — American International Group, Inc. (NYSE: AIG) today announced the launch of Value+ IUL, an index universal life insurance product issued by The United States Life Insurance Company in the City of New York (U.S. Life) for the New York market.
The protection-focused product incorporates strong life protection with significant guarantees at a market-leading price point in all rate classes. Value+ IUL combines many of the advantages of guaranteed universal life insurance (GUL) with special features designed to help significantly reduce costs while delivering maximum value.
In addition, the product features Optionality® — a variety of options for accessing excess cash value in the policy. Value+ IUL performs well at low illustrated rates to help minimize impacts of volatility for the client, has unlocked surrender charges, and offers life expectancy guarantees up to age 85 (after age 85 on a non-guaranteed basis for the client’s lifetime).
For more information about Value+ IUL, visit www.aig.com.