0001051485-21-000063.txt : 20211228
0001051485-21-000063.hdr.sgml : 20211228
20211227180151
ACCESSION NUMBER: 0001051485-21-000063
CONFORMED SUBMISSION TYPE: 497
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20211228
DATE AS OF CHANGE: 20211227
EFFECTIVENESS DATE: 20211228
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: 333-234483
FILM NUMBER: 211521641
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
C000217276
AGL Gallery Life Individual VUL
497
1
supp122821.txt
497E PROSPECTUS SUPPLEMNET
AMERICAN GENERAL LIFE INSURANCE COMPANY
VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
SEPARATE ACCOUNT VL-R
GALLERY LIFE
GROUP AND INDIVIDUAL FLEXIBLE PREMIUM VUL
THE UNITED STATES LIFE INSURANCE COMPANY
IN THE CITY OF NEW YORK
VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
SEPARATE ACCOUNT USL VL-R
INDIVIDUAL FLEXIBLE PREMIUM VUL
SUPPLEMENT DATED DECEMBER 28, 2021
TO POLICY PROSPECTUSES, AS SUPPLEMENTED
The purpose of this supplement is to notify owners of American General Life
Insurance Company ("AGL") and The United States Life Insurance Company in the
City of New York ("US Life") (AGL and US Life together referred to
hereinafter as the "Company") variable universal life insurance Policies (the
"Policies") of the proposed liquidation of the AB VPS Intermediate Bond
Portfolio ("Portfolio"), a portfolio of the AB Variable Products Series Fund,
Inc. (the "Trust").
The Board of Directors of the Trust (the "Board") approved the termination
and liquidation of the Portfolio. The liquidation is expected to occur at
the close of the New York Stock Exchange ("Market Close"), which is generally
4:00 p.m. Eastern Time ("ET"), on or about Friday, March 4, 2022
("Liquidation Date"). On the Liquidation Date, funds invested in subaccounts
supported by the Portfolio will be automatically liquidated at the closing
unit value and the liquidation proceeds transferred into the subaccount
supported by the money market fund ("Money Market Fund") currently available
in your Policy (see Attachment 1 for the Money Market Fund available in your
Policy).
If you wish to have the liquidation proceeds allocated to a subaccount other
than the subaccount supported by the Money Market Fund, the Company must
receive instructions from you prior to the Market Close one business day
prior to the Liquidation Date (Thursday, March 3, 2022). You may give us
instructions to transfer your accumulation value to another investment option
by calling the Administrative Center at the number below or by completing a
transfer form.
Additional investments into the Portfolio will be accepted up to and
including one business day prior to the Liquidation Date. After the Market
Close on the Liquidation Date, any premium payments, allocations, transfers,
dollar cost averaging or automatic rebalancing (as applicable to your Policy)
allocated to the Portfolio will instead be allocated to the subaccount
supported by the Money Market Fund.
Listed on Attachment 1 are the investment options currently offered in your
Policy in addition to the Market Money Fund which is already available.
Please refer to your Policy prospectus for information regarding these
investment options or call our Administrative Center at the telephone number
below. Also please review your fund prospectuses for more detailed
information about these investment options.
Neither our automatic transfer of the liquidation proceeds to the Money
Market Fund on the Liquidation Date, nor your transfer of assets out of the
Portfolio prior to the Liquidation Date or out of the Money Market Fund
within 30 days after the Liquidation 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 and liquidation, the Company may
provide you with confirmations, statements and other reports that contain the
name of this formerly available Portfolio.
Additional information regarding the Variable Investment Options, including
the fund prospectuses, may be obtained by visiting our website at
www.aig.com/AGVUL or by calling 1-800-340-2765.
1
ATTACHMENT 1
GALLERY LIFE VUL
INDIVIDUAL AND GROUP FLEXIBLE PREMIUM
VARIABLE UNIVERSAL LIFE INSURANCE POLICIES
Investment Options Currently Offered in the Policies
The following funds are offered by Gallery Life VUL:
Money Market Fund Available in your Policy:
Fidelity VIP Government Money Market Portfolio
- Initial Class
AB VPS Balanced Wealth Strategy Portfolio (Class A)
AB VPS Global Thematic Growth Portfolio (Class A)
AB VPS Growth and Income Portfolio (Class A)
AB VPS International Growth Portfolio (Class A)
AB VPS Large Cap Growth Portfolio (Class A)
AB VPS Small Cap Growth Portfolio (Class A)
The following funds are offered by the Individual and
Group Flexible Premium VULs:
Money Market Fund Available in your Policy:
Fidelity VIP Government Money Market Portfolio
- Initial Class
Invesco V.I. American Franchise Fund - Series I
Invesco V.I. International Growth Fund - Series I
AB VPS Balanced Wealth Strategy Portfolio (Class A)
AB VPS Global Thematic Growth Portfolio (Class A)
AB VPS Growth and Income Portfolio (Class A)
AB VPS Large Cap Growth Portfolio (Class A)
AB VPS Small Cap Growth Portfolio (Class A)
BNY Mellon Stock Index Fund, Inc. - Initial Shares
Fidelity VIP Asset Manager Portfolio - Initial Class
Fidelity VIP Contrafund Portfolio - Initial Class
Fidelity VIP Growth Portfolio - Initial Class
Fidelity VIP High Income Portfolio - Initial Class
Fidelity VIP Investment Grade Bond Portfolio -
Initial Class
Fidelity VIP Overseas Portfolio - Initial Class
VanEck VIP Emerging Markets Fund - Initial Class
VanEck VIP Global Resources Fund - Initial Class
2