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.