Indexed UL product uses global indices.American General Life Insurance Co. has launched AIG AIG addressee indicator group (US DoD)AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Elite Global IUL IUL Iulius (Latin: July) IUL Illegal Use of Label (indexed universal life), which credits interest every five years based on the performance of the Standard & Poor's 500 Composite Price Index, Hang Seng Index Hang Seng index The major index in Hong Kong. Hang Seng Index A market-weighted index of 33 stocks making up approximately 70% of the market value of all stocks traded on the Stock Exchange of Hong Kong. (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ) and Dow Jones Euro Stoxx 50 (western Europe). The product has a guaranteed annual minimum interest rate of 2.5%. It credits 75% of the return of the best-performing index and 25% of the next-best-performing index. Policyholders choose index allocations and among three death-benefit options. |
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