0001051485-16-000092.txt : 20160916
0001051485-16-000092.hdr.sgml : 20160916
20160916105313
ACCESSION NUMBER: 0001051485-16-000092
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20160916
DATE AS OF CHANGE: 20160916
EFFECTIVENESS DATE: 20160916
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: 333-89897
FILM NUMBER: 161888531
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
C000008720
AGL AG Legacy Plus VUL (333-89897 Form N-6) Policy No. 99616
497
1
supp91616.txt
497E SUPPLEMENT DATED 9 16 16
AMERICAN GENERAL LIFE INSURANCE COMPANY
(the "Company")
VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
SEPARATE ACCOUNT VL-R
AG LEGACY PLUS
SUPPLEMENT DATED SEPTEMBER 16, 2016
TO POLICY PROSPECTUS, AS SUPPLEMENTED
The purpose of this supplement is to notify Policy owners of the
proposed Merger of the Putnam VT Voyager Fund - Class 1B (the "Putnam Voyager
Fund"), a series of the Putnam Variable Trust (the "Trust"), into the Putnam
VT Growth Opportunities Fund - Class 1B (the "Putnam Growth Fund"), also a
series of the Trust (such combination referred to hereinafter as the
"Merger"). The Merger that was originally scheduled to close on July 15,
2016 has been rescheduled to be consummated at the close of business on or
about November 18, 2016 (the "Closing Date"), subject to the satisfaction of
the closing conditions.
The Company received notification that the Board of Trustees of the
Trust approved the Merger pursuant to which the Putnam Voyager Fund will be
merged with and into the Putnam Growth Fund, with the Putnam Growth Fund
being the surviving fund. All of the assets of the Putnam Voyager Fund will
be transferred to the Putnam Growth Fund in exchange for shares of the Putnam
Growth Fund (the "Merger Shares") and the Putnam Growth Fund will also assume
all of the liabilities of the Putnam Voyager Fund.
After 3:00 p.m. central time on the Closing Date, the Putnam Growth Fund
will become available as an investment option under the Policies. All Policy
accumulation values in the subaccount supported by the Putnam Voyager Fund
will be automatically transferred into the Putnam Growth Fund subaccount.
Only the underlying Fund will change, not the investment option itself.
At any time before 3:00 p.m. central time two business days prior to the
Closing Date (i.e., Wednesday, November 16, 2016), you may also transfer your
Policy accumulation value in the Putnam Voyager Fund subaccount to any of the
other variable investment options available under the Policies. You may give
us instructions to transfer your accumulation value to another investment
option by calling the Administrative Center at the number below. Please
review your fund prospectuses for information about the other variable
investment options. For additional fund prospectus copies, please contact
our Administrative Center at the telephone number shown below.
If we receive any new instruction from you for premium allocations,
transfers, dollar cost averaging or automatic rebalancing (as applicable)
into or out of the Putnam Voyager Fund's investment option after 3:00 p.m.
central time two business days prior to the Closing Date (i.e, Wednesday,
November 16, 2016), such transaction will be treated as if received after
3:00 p.m. central time on the Closing Date. Your allocation or transfer will
be processed on the business day following the Closing Date and will use
prices established after the close of the New York Stock Exchange on such
date (i.e, Monday, November 21, 2016).
Any new instruction we receive from a Policy owner before 3:00 p.m.
central time two business days prior to the Closing Date (i.e, Wednesday,
November 16, 2016) that is for any purpose stated in the previous paragraph
and is in good order will be honored.
Existing automatic instructions for dollar cost averaging or asset
rebalancing into or out of the Putnam Voyager Fund (as applicable) that are
scheduled for the Closing Date will be executed on the Closing Date and will
be automatically directed to the Putnam Growth Fund.
Neither your transfer of assets out of the Putnam Voyager Fund prior to
the Closing Date nor your transfer out of the Putnam Growth Fund within 60
days after the Closing Date, will count against the free transfers that you
are permitted to make in a Policy year or for the purposes of our market
timing policies and procedures.
For a period of time after the Closing Date, we may provide you with
confirmations, statements and other reports that contain the name of the
Putnam Voyager Fund's investment option. If you have any questions, please
contact our Administrative Center at 1-800-340-2765.