When it comes to finances, predictability is a priority for many individuals. Fixed rate mortgages, zero interest loans and guaranteed quotes are just some of the ways consumers enjoy peace of mind knowing exactly what they’ll pay and when they’ll have to pay it.
When it comes to life insurance, this same peace of mind can be found in the form of level term life insurance.
Level term life insurance is a type of term life insurance policy for which the premium payments and death benefits remain the same throughout the lifetime of the policy. If the policy is worth $250,000 and costs $30 per month during the first year of the policy, it will still be worth $250,000 and cost $30 per month during the 20th year of the policy.
Fixed premiums and death benefits make level term life insurance unique from other types of life insurance that are available.
For permanent life insurance, some policies contain investment options that can pay out dividends to owners, which can thereby reduce the cost of the premium. Those dividends are dependent upon the overall performance of the policy and are subject to the ebbs and flows of the market. Dividends, loans, withdrawals and other actions taken on behalf of cash value life insurance can aﬀect the overall value of the death benefits.
There are certain benefits of level term life insurance that may attract many consumers to this type of policy.
To learn more about level term life insurance or to shop for available policies in your area, contact an AIG-appointed life insurance agent at 1-866-971-4232.
Agency services provided by AIG Direct Insurance Services, Inc. ("AIG Direct"), CA license # 0B57619 and AR license # 0100105378, a subsidiary of American General Life Insurance Company ("AGL"), Houston, TX and an affiliate of The United States Life Insurance Company in the City of New York ("US Life"), New York, NY, all members of American International Group ("AIG").
Policies issued by: American General Life Insurance Company (AGL), Policy Form Numbers ICC16-16901, 16901, ICC16-16900 and 16900 except in New York, where issued by The United States Life Insurance Company in the City of New York (US Life), Policy Form Numbers 16901N and 16900N. Issuing companies AGL and US Life are responsible for financial obligations of insurance products and are members of American International Group, Inc. (AIG). Products may not be available in all states and product features including rates may vary by state. All guarantees and benefits of the insurance policy are backed by the claims-paying ability of the issuing insurance company. They are not backed by the broker/dealer and/or insurance agency selling the policy, nor by any of their affiliates, and none of them makes any representations or guarantees regarding the claims-paying ability of the issuing insurance company. ©2018. All rights reserved.
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