Death Benefit and Death Benefit Guarantee AAL Variable Universal Life provides an income tax-free death benefit. Because there is investment risk associated with this insurance product, a death benefit guarantee is provided until the later of 10 years from the issue date or the insured's attained age of 65, as long as the death benefit guarantee premiums are paid and other requirements are met as defined in the certificate. After that time, negative investment experience may cause the certificate to terminate prior to the maturity date, even if scheduled premium payments are paid in a timely manner. Diversification Seven variable subaccounts and one fixed account give you the flexibility to diversify your cash value, according to your own risk tolerance, to help meet your personal financial goals. Flexible Coverage You may change the amount of life insurance provided by your certificate as your needs change.
Increases are subject to insurability.
Premium Flexibility You choose when and how much premium to pay, within certain restrictions. However, you should pay at least the death benefit guarantee premium to help ensure your certificate is adequately funded. The major advantage of premium flexibility is that it gives you the ability to pay extra premiums into your certificate to potentially accumulate cash value for future use. You can access your certificate's cash value by either borrowing against it or by taking a partial withdrawal. Partial withdrawals and outstanding loans will reduce your death benefit and the cash value available to pay your insurance costs.