American General Financial solutions for almost every life event and everyday lives.

Level Term

Level Term life insurance policies offer insurance protection for a specified term or period of time – typically, one, five, 10, 15, 20 or 30 years, or until a specific age (such as 65). Premiums remain level for a set period (level term), and the insurance is generally less expensive than permanent (cash value) life insurance.
At the end of the term period the policy may be renewed without a medical exam, although the premium rate will be higher. Some term life insurance policies include the option to convert to a permanent insurance policy.

Term life insurance is typically purchased by individuals who need insurance coverage for a temporary period of time – or who need a large amount of life insurance at the lowest possible cost.

Since traditional term life insurance provides a death benefit only, the policies do not offer an opportunity to build cash values. However, a new product concept known as “return of premium term” provides a return at the end of the level-premium period in the amount of the cumulative premiums paid – an alternative to traditional term life and permanent insurance products.


AIG American General has introduced a new term life insurance product that provides death benefit protection and a return of premium feature. The product, called ROPTerm, bridges the gap between low-cost term insurance and permanent insurance.
ROPTerm has guaranteed cash values based on a percentage of the sum of premiums paid. The cumulative premium paid on the policy during the level term period, not including substandard and rider charges, if any, will be paid to the policyowner at the end of the level term period if the policy is then in force.
In addition to the return-of-premium feature, ROPTerm may be converted to a level-premium, level-death benefit permanent life insurance plan during the conversion period. If the policyowner chooses to convert during the level term period, any available cash value will be transferred to the new policy.
The ROPTerm product series features level-death benefit term plans with fully guaranteed level premiums for the first 15, 20 or 30 years, with coverage expiring at age 95. Four rate bands are available: $100,000 – $149,999; $150,000 – $249,999; $250,000 – $499,999; and $500,000 and higher.
Available riders include waiver of premium and child rider. A terminal illness endorsement is provided at no additional premium on those states where it is approved.