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American General Life and Accident Insurance Company is an insurance company that offers a wide amount of innovative product solutions that are designed to meet the individual customers’ unique needs.

Should you be looking to create some financial stability for yourself and your loved ones or planning for your retirement you’ll find that American General Life and Accident is committed to meeting the needs of their customers and they are currently meeting the needs of more than 3 million people throughout the country.

The first and foremost commitment by the company is to provide personal customer service to each and every one of their customers. The products they offer reflect their commitment to that personal customer service and their effort to make the very confusing world of insurance much easier to understand.

Their life insurance portfolio includes:

• Quality of life
• Universal life
• Whole life
• Term life

Quality of Life

Think about what would happen if you suffered a heart attack, an invasive cancer, a stroke or other illness and didn’t die. Would your family not just be able to maintain the standard of living but actually would they be able to survive at all. These are severely draining illnesses and this just covered a broad base of things that could happen.

A traditional life insurance policy is one that provides that financial security for your loved ones should you pass away but if something that like the above would happen nothing would pay out. There is an answer though and that’s quality of life insurance which would cover you financially should you become permanently disabled.

Universal Life

A universal life insurance policy is one that offers protection that is looked for in a permanent life insurance policy while still offering flexibility that a person needs in order to adapt to the many changes that are going to occur during someone’s lifetime.

This is where the universal life insurance policy comes in as it always you to design the insurance policy to fit a set of changing needs and lifestyle.

The policy allows for the choice of a level or an increase death benefit with a very attractive cash value accumulation. During the life of the policy the cash will accumulate on a tax free basis and at interest rates that are competitive. Should these funds be needed they can be accessed through a policy loan or surrender.

The purpose of a life insurance policy is to have the death protection benefit for your loved ones in the case of your death but with the universal life insurance policy you also gain cash values that are accessible for personal, family, retirement or business needs.

Whole Life

Your family is the ones that depend on you the most and though there is no substitute for the love and support that you are able to provide when you’re alive you can take comfort in a life insurance policy knowing that should you die that you have left them with financial security through your whole life insurance policy.

A whole life insurance policy is just that, it protects you for your entire life. Getting a whole life insurance policy can be the beginning of a very solid foundation for the building of your long term financial plans as it provides that lifetime protection for your family or even for your business.

Term Life

You’ll find that just like other people there will be periods in life where money is very tight or maybe you simply don’t know if you need or want to purchase a permanent life insurance policy at this point. This is where term life insurance can come into play. A term life insurance policy is a very affordable type of coverage and it only lasts for a predetermined period of time.

Should you pass away during that time period and the coverage is still in force the death benefit will be paid out to the listed beneficiary(s). Though, unlike the permanent life insurance policies, if you do not die during the term period the protection will cease unless you renew the life insurance policy. There is also no accumulation of cash or cash value at all.

You will find that these policies are going to be substantially cheaper as the likelihood of someone dying during the policy period is quite unlikely. With the other types of permanent policies there is simply the question of when not if the insured party is going to die.