0001051485-19-000021.txt : 20190314 0001051485-19-000021.hdr.sgml : 20190314 20190314142245 ACCESSION NUMBER: 0001051485-19-000021 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190314 DATE AS OF CHANGE: 20190314 EFFECTIVENESS DATE: 20190314 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: 333-146948 FILM NUMBER: 19680703 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 C000057397 PROTECTION ADVANTAGE SELECT 497 1 supp31419.txt SUPPLEMENT DATED 3/14/19 AMERICAN GENERAL LIFE INSURANCE COMPANY SEPARATE ACCOUNT VL-R VARIABLE UNIVERSAL LIFE INSURANCE POLICIES AG CORPORATE INVESTOR AG INCOME ADVANTAGE VUL(SM) AG LEGACY PLUS AG PLATINUM CHOICE VUL 2 CORPORATE AMERICA CORPORATE INVESTOR SELECT(SM) INCOME ADVANTAGE SELECT(SM) PLATINUM INVESTOR(R) II PLATINUM INVESTOR(R) III PLATINUM INVESTOR(R) IV PLATINUM INVESTOR(R) FLEXDIRECTOR PLATINUM INVESTOR(R) PLUS PLATINUM INVESTOR(R) SURVIVOR PLATINUM INVESTOR(R) SURVIVOR II PLATINUM INVESTOR VIP PLATINUM INVESTOR VIP (2007) PROTECTION ADVANTAGE SELECT(SM) AMERICAN GENERAL LIFE INSURANCE COMPANY SEPARATE ACCOUNT II GEMSTONE LIFE(R) VARIABLE UNIVERSAL LIFE INSURANCE POLICIES THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK SEPARATE ACCOUNT USL VL-R VARIABLE UNIVERSAL LIFE INSURANCE POLICIES INCOME ADVANTAGE SELECT(SM) PLATINUM INVESTOR(R) PLUS PLATINUM INVESTOR VIP PROTECTION ADVANTAGE SELECT(SM) THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK SEPARATE ACCOUNT USL B GEMSTONE LIFE(R) VARIABLE UNIVERSAL LIFE INSURANCE POLICIES SUPPLEMENT DATED MARCH 14, 2019 TO POLICY PROSPECTUSES, AS SUPPLEMENTED The purpose of this supplement is to notify variable universal life insurance policy ("Policy") owners of the following proposed Reorganizations pursuant to which each of the Acquired Funds is to be merged with and into the corresponding Acquiring Fund indicated below, with the Acquiring Fund as the surviving portfolio (such combinations referred to hereinafter as the "Reorganization"): ----------------------------------------------------------------------------- Acquired Funds Acquiring Funds Oppenheimer Conservative Balanced Invesco Oppenheimer V.I. Conservative Fund/VA - Non-Service Shares Balanced Fund - Series I Oppenheimer Global Fund/VA Invesco Oppenheimer V.I. Global - Non-Service Shares Fund - Series I Oppenheimer Global Strategic Invesco Oppenheimer V.I. Global Income Fund/VA - Strategic Income Fund - Series I Non-Service Shares Oppenheimer Main Street Invesco Oppenheimer V.I. Main Fund/VA - Non-Service Shares Street Fund - Series I ---------------------------------------------------------------------------
The Acquired Funds are a series of Oppenheimer Variable Account Funds ("Oppenheimer Trust") and the Acquiring Funds are all a series of the Invesco Variable Insurance Funds. One or more of the Acquired Funds is offered as an investment option in the Policies listed above. American General Life Insurance Company received notification that the Board of Trustees of the Oppenheimer Trust approved the Reorganizations. All of the assets and liabilities of the Acquired Funds will be transferred to the corresponding, newly formed fund (Acquiring Fund) as indicated above in exchange for shares of the corresponding Acquiring Fund, of equal value to the value of the shares of the respective Fund as of the close of business on the Closing Date (as defined below), after which each of the Acquired Funds will be liquidated and dissolved under applicable law. The Reorganization is subject to approval at a meeting of shareholders to be held on or about April 12, 2019 and is expected to be consummated at the close of business on or about Friday, May 24, 2019 (the "Closing Date"). The Acquiring Funds will be added as investment options under the Policies effective on the Closing Date. All Policy account values in the subaccounts supported by the Acquired Funds will be automatically transferred into the corresponding Acquiring Fund subaccount. Neither our automatic transfer of the proceeds to the Acquiring Funds on the Closing Date nor your transfer out of the Acquiring Fund within 60 days after the Closing Date (i.e., July 23, 2019), 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 Acquired Fund's investment option. If you have any questions with regard to a Policy listed above, please contact VUL Administrative Center at 1-800-340- 2765.