AGLA's Quality of Life... Insurance Eclipses $23 Billion Threshold

NASHVILLE, Tenn., Jan. 22 /PRNewswire/ -- What if life insurance was designed to help policy owners live their lives, not just ease the financial burden at life's end? Quality of Life... Insurance(SM) from American General Life and Accident Insurance Company (AGLA) has taken this bold approach, which is paying off despite a volatile economy and a polarizing healthcare debate.  

AGLA announced that in just over four short years Quality of Life…Insurance, which allows owners to accelerate their benefits before their death to pay for critical health care needs or to meet certain financial goals or obligations, consumers have purchased more than 192,000 policies for over $23 billion in total issued face amount and continues to lead all product sales at AGLA.  

According to James A. Mallon, President and CEO, the success of Quality of Life…Insurance is a game-changer for the industry, helping consumers and Main Street small business owners re-evaluate how they think about, purchase, and use life insurance.

"This continues to be an anxious time for Americans with more to consider about how they're going to face life's many challenges and remain financially stable," says Mallon.  "We've been listening and 'Quality of Life…Insurance' is a direct response to those concerns.  The fact that we have seen such tremendous success in this short time, especially given the economic climate, tells us that the product we're delivering is exactly what the public has been asking for."

Quality of Life…Insurance, available to consumers in the Southeast, Mid-Atlantic, Midwest, and West Coast, offers a variety of product choices -- all of which include No-Cost Accelerated Benefit Riders that may be used in the event of chronic, critical, and/or terminal illnesses or conditions. Quality of Life…Insurance can be tailored to fit the specific needs encountered during different life stages.

Terry Keiper, Senior Vice President - Consumer Solutions at AGLA, also believes today's economic times are perfect for a product such as Quality of Life…Insurance. "With the economic and political climate being what it is, Americans are as nervous as they've ever been about ways to afford care for themselves and loved ones in the event of premature death, critical or long term chronic illness, injury, job loss, or one of hundreds of other unexpected life events," Keiper says.  "AGLA is committed to providing affordable, innovative life insurance products to its customers to ease that burden.  Quality of Life... Insurance is designed with consumers and Main Street small business owners in mind."

AGLA has offices located in Ala., Ark., Calif., Del., Fla., Ga., Ill., Ind., Kan., Ky., La., Md., Mich., Miss., Mo., N.C., Ohio, Pa., S.C., Tenn., Texas, Va., and W. Va.

For more information, or to locate an office near you, visit www.agla.com.

American General Life and Accident Insurance Company (AGLA), www.agla.com, provides a wide variety of affordable and innovative life insurance, annuity, accident and supplemental health insurance products to millions of Americans. AGLA is known for personal customer service and a tradition of excellence spanning more than a century. AGLA is a member company of the American General Life Companies.

American General Life Companies, www.americangeneral.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc. American General Life Companies insurers offer a broad spectrum of life insurance, annuities, accident and health products and worksite benefits to serve the financial and estate planning needs of customers throughout the United States.

The underwriting risks, financial and contractual obligations and support functions associated with products issued by American General Life and Accident Insurance Company (AGLA) are its responsibility. AGLA does not solicit business in the states of New York and Wyoming.

The referenced policies contain limitations and exclusions. See the policy for details. For Policy Forms AGLA04174, AGLA01162 and Riders AGLA01001, AGLA01002, AGLA01403, AGLA01426, AGLA01445M, AGLA01445F, AGLA01550, AGLA AIO-UL, AGLA EMD, AGLA 04CRIR, AGLA 04TIR, AGLA 04CHIR, AGLA AB2 and state variations.

SOURCE American General Life and Accident Insurance Company