Life insurance for the living
By Ron Sussman

Life insurance policies need to change to meet the needs of new generations of purchasers. The idea that the benefits of a policy are only for the purchasers beneficiaries is outdated and in desperate need of a makeover.

American General has the only solution: Secure Lifetime GUL 3 is life insurance for the living.

This product provides three opportunities for clients to benefit while they are alive:

1. Opt Out. After year 25 clients can elect to terminate the policy and receive a full refund of all premiums paid.

2. Use the death benefit to pay for LTC or chronic illness. Indemnity based benefit. No need to provide receipts. Pay for home care by a family member or use for any other purpose.

3. At age 85 receive the net death benefit in 10 equal installments. Basis tax-free. Balance taxable. Remaining death benefit (if there is any) tax free.

All costs and benefits 100% guaranteed. No moving parts, no market linked returns.

IRR at 85 of between 4.1 and 5% guaranteed!

This is life insurance that makes sense and places the risks where they belong: With the carrier.