Key Differences Between LTG Ultra and AIG Select-a-Term - AIG.com

Key Differences Between LTG Ultra and AIG Select-a-Term
American General Life Insurance Company’s newest innovation is now available: AIG
Select-a-Term SM . This new term product provides flexibility and customization to match
personal and business financial needs. AIG Select-a-Term is designed to replace LTG
Ultra 2006. Key differences between the products are detailed below.
‣ 18 term periods is a new standard for meeting your clients’ needs. In addition to
the traditional 10-, 15-, 20- and 30-year term periods, your clients can now select
12-, 16-, 17-, 18-, 19-, 21-, 22-, 23-, 24-, 25-, 26-, 27-, 28- and 29-year term
periods.
‣ Extended issue ages that mean coverage can last until clients are well into their
80’s.
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A 55 year old client can now get 30 years of coverage. Even older clients
will benefit. You can now offer a 66 year old a 22 year term policy!
‣ Compared to LTG Ultra, AIG Select-a-Term’s Preferred Plus and Preferred
Nontobacco underwriting classes have lower rates for most ages. In addition, the
20- and 30-year durations also have rate decreases for most ages.
‣ Disability Income Rider is available for 10-, 15-, 20- and 30-year term periods.
We plan to introduce Disability Income Rider for expanded term periods in June.
‣ New software flexibility has been built into WinFlex and Connections. In addition
to solves for Premium, Face Amount, and MultiQuote, we now also have a solve
for Duration.
‣ New and improved “Other than Applied for” opportunities – when a case is
offered at a other-than-applied-for rate with AIG Select-a-Term, you now have a
new tool to better match your clients’ term needs with the premiums they want to
pay. You can now offer another term period to better match the original cost. To
accommodate this quoting opportunity, policies that are approved “other than
applied for” will be held for 5 business days before they are issued. During this
time:
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If a plan change is desired, please contact us within the 5 business days
If a plan change is not desired, no action is required on your part, but you
may contact us to expedite the processing
This gives the client the opportunity to retain desired benefits without
significantly increasing premium costs
‣ Consider using this option to offer another period on all your other-than-appliedfor
business, even when the original application did not start with American
General Life Insurance Company (normal underwriting requirements apply).

Policy issued by:
American General Life Insurance Company
A member company of American International Group, Inc.
2727-A Allen Parkway, Houston, Texas 77019
AIG Select-a-Term Policy Form Number 07007
Accidental Death Benefit Rider Form Number 79002
Child Rider Form Number 79410
Terminal Illness Rider Form Number 91401
Waiver of Premium Rider Form Number 79001
Select-a-Term Disability Income Rider Form Number 06305
The underwriting risks, financial obligations and support functions associated with the products issued by
American General Life Insurance Company (American General Life) are its responsibility. American General
Life is responsible for its own financial condition and contractual obligations.
American General Life does not solicit business in the state of New York. Policies and riders not available in
all states.
© 2007 American International Group, Inc. All rights reserved.