0001051485-11-000097.txt : 20110517
0001051485-11-000097.hdr.sgml : 20110517
20110517103133
ACCESSION NUMBER: 0001051485-11-000097
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20110517
DATE AS OF CHANGE: 20110517
EFFECTIVENESS DATE: 20110517
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: AGL SEPARATE ACCOUNT VL-R
CENTRAL INDEX KEY: 0001051485
IRS NUMBER: 250598210
STATE OF INCORPORATION: TX
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 497
SEC ACT: 1933 Act
SEC FILE NUMBER: 333-80191
FILM NUMBER: 11850168
BUSINESS ADDRESS:
STREET 1: 2727-A ALLEN PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77019
BUSINESS PHONE: 713-522-1111
MAIL ADDRESS:
STREET 1: 2727-A ALLEN PARKWAY
CITY: HOUSTON
STATE: TX
ZIP: 77019
FORMER COMPANY:
FORMER CONFORMED NAME: AGL SEPARATE ACCOUNT VL R
DATE OF NAME CHANGE: 19990907
FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN GENERAL LIFE INSURANCE CO SEPARATE ACCOUNT VL R
DATE OF NAME CHANGE: 19971216
0001051485
S000000574
AGL SEPARATE ACCOUNT VL-R
C000001614
AGL Corporate America VUL (333-80191 Form N-6) Policy No. 99301
497
1
supp051711.txt
497E SUPPLEMENT CHANGE OF CONTROL
AMERICAN GENERAL LIFE INSURANCE COMPANY
SEPARATE ACCOUNT VL-R
SEPARATE ACCOUNT VUL
VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
SEPARATE ACCOUNT A
SEPARATE ACCOUNT D
SEPARATE ACCOUNT VA-1
SEPARATE ACCOUNT VA-2
VARIABLE ANNUITY CONTRACTS
SUPPLEMENT DATED MAY 17, 2011
TO PROSPECTUSES, AS AMENDED
American General Life Insurance Company ("AGL") is amending its variable
universal life insurance Policy prospectuses and variable annuity Contract
prospectuses (collectively, the "prospectuses") for the sole purpose of
replacing information in the "General Information" section of the
prospectuses.
The following paragraphs replace information under the subheading "American
General Life Insurance Company" in the "General Information" section of the
prospectuses:
On September 22, 2008, American International Group, Inc. ("AIG") entered
into a revolving credit facility ("FRBNY Credit Facility") with the Federal
Reserve Bank of New York ("NY Fed"). In connection with the FRBNY Credit
Facility, on March 4, 2009, AIG issued its Series C Perpetual, Convertible,
Participating Preferred Stock (the "Series C Preferred Stock") to the AIG
Credit Facility Trust, a trust established for the sole benefit of the United
States Treasury (the "Trust"). The Series C shares were entitled to
approximately 77.8% of the voting power of AIG's outstanding stock.
On January 14, 2011, AIG completed a series of previously announced
integrated transactions (the "Recapitalization") to recapitalize AIG. In the
Recapitalization, AIG repaid the Federal Reserve Bank of New York ("NY Fed")
approximately $21 billion in cash, representing all amounts owing under the
FRBNY Credit Facility and the facility was terminated. Also as part of the
Recapitalization, (i) the Series C Preferred Stock was exchanged for shares
of AIG Common Stock and subsequently transferred to the U.S. Department of
the Treasury (the "Treasury Department") and the Trust, which had previously
held all shares of the Series C Preferred Stock, was terminated, (ii) AIG's
Series E Preferred Shares and Series F Preferred Shares were exchanged for
shares of AIG Common Stock and a new Series G Preferred Shares (which
functions as a $2 billion commitment to provide funding that AIG will have
the discretion and option to use). As a result of the Recapitalization, the
Treasury Department is a majority shareholder of AIG Common Stock. These
transactions do not alter AGL's obligations to you. It is expected that over
time the Treasury Department will sell its shares of the AIG Common Stock on
the open market.
More information about AIG may be found in the regulatory filings AIG files
from time to time with the U.S. Securities and Exchange Commission at
www.sec.gov.