-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, TPnq99J92PrtP4K/saLmKrsP5fCHKOSMBQaUERZP7UaCZ6xdK5DyeMTzBz/W43WY /N15v6oCRzYFArImJaTMaA== 0000038748-04-000002.txt : 20040514 0000038748-04-000002.hdr.sgml : 20040514 20040514153842 ACCESSION NUMBER: 0000038748-04-000002 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040514 EFFECTIVENESS DATE: 20040514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AGL SEPARATE ACCOUNT VA-2 CENTRAL INDEX KEY: 0000038748 IRS NUMBER: 250598210 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-102303 FILM NUMBER: 04807539 BUSINESS ADDRESS: STREET 1: 2727-A ALLEN PARKWAY STREET 2: - CITY: HOUSTON STATE: TX ZIP: 77019 BUSINESS PHONE: 713-522-1111 MAIL ADDRESS: STREET 1: 2727-A ALLEN PARKWAY STREET 2: - CITY: HOUSTON STATE: TX ZIP: 77019 FORMER COMPANY: FORMER CONFORMED NAME: AGL VA-2 DATE OF NAME CHANGE: 20021226 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN LIFE VARIABLE ANNUITY FUND DATE OF NAME CHANGE: 19990924 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLIN LIFE VARIABLE ANNUITY FUND A DATE OF NAME CHANGE: 19920703 497 1 livefile.htm 497 PROSPECTUS SUPPLEMENT AMERICAN GENERAL LIFE INSURANCE COMPANY

 

AMERICAN GENERAL LIFE INSURANCE COMPANY
SUPPLEMENT DATED MAY 14, 2004
TO CERTAIN
VARIABLE LIFE INSURANCE POLICY
AND VARIABLE ANNUITY CONTRACT
PROSPECTUSES

         American General Life Insurance Company ("AGL") is amending certain prospectuses for the sole purpose of restating the market timing description.

          I.    THIS SECTION APPLIES ONLY TO OWNERS OF THE FOLLOWING VARIABLE LIFE INSURANCE POLICIES ISSUED BY AGL:  CORPORATE AMERICA, LEGACY PLUS, PLATINUM INVESTOR(R) I, AND PLATINUM INVESTOR(R) SURVIVOR.

          Delete all references in your prospectus that describe market timing, and in their place, add the following section:

Market Timing

          The Policies are not designed for professional market timing organizations or other entities using programmed and frequent transfers involving large amounts.  We monitor the Policies to determine if:

           .


an exchange out of a variable investment option occurs within two calendar weeks of an earlier exchange into that same variable investment option; or

           .


exchanges into or out of the same variable investment option occur more than twice in any one calendar quarter.

          If either of the above transactions occurs, we will suspend such Policy owner's same day or overnight delivery transfer privileges (including website, e-mail and facsimile communications) with prior notice to prevent market timing efforts that could be harmful to other Policy owners or beneficiaries.  If the Policy owner has telephone transfer privileges, such privileges are also suspended.  Such notice of suspension will take the form of either a letter mailed to your last known address, or a telephone call from our Administrative Center to inform you that effective immediately, your telephone, same day or overnight delivery transfer privileges have been suspended.  The suspension of Policy transfer privileges will last for no more than six months.  Transfers under dollar cost averaging, automatic rebalancing or any other automatic transfer arrangements to which we have agreed are not affected by these pro cedures.

          The procedures above will be followed in all circumstances and we will treat all Policy owners the same.

          II.    THIS SECTION APPLIES ONLY TO OWNERS OF THE FOLLOWING VARIABLE ANNUITY CONTRACTS ISSUED BY AGL:  INDIVIDUAL AND GROUP VARIABLE RETIREMENT ANNUITY CONTRACTS, INDIVIDUAL VARIABLE ANNUITY CONTRACTS, GENERATIONS(R), PLATINUM INVESTOR(R), SELECT RESERVESM, THE CHAIRMAN(R), VARIETY PLUS, AND WM ADVANTAGE.

          Delete all references in your prospectus that describe market timing, and in their place, add the following section:

Market Timing

          The Contracts are not designed for professional market timing organizations or other entities using programmed and frequent transfers involving large amounts.  We monitor the Contracts to determine if:

           .


an exchange out of a variable investment option occurs within two calendar weeks of an earlier exchange into that same variable investment option; or

           .


exchanges into or out of the same variable investment option occur more than twice in any one calendar quarter.

          If either of the above transactions occurs, we will suspend such Contract Owner's same day or overnight delivery transfer privileges (including website, e-mail and facsimile communications) with prior notice to prevent market timing efforts that could be harmful to other Contract Owners or beneficiaries.  If the Contract Owner has telephone transfer privileges, such privileges are also suspended.  Such notice of suspension will take the form of either a letter mailed to your last known address, or a telephone call from our Administrative Center to inform you that effective immediately, your telephone, same day or overnight delivery transfer privileges have been suspended.  The suspension of Contract transfer privileges will last for no more than six months.  Transfers under dollar cost averaging, automatic rebalancing or any other automatic transfer arrangements to which we have agreed are not affected by t hese procedures.

          The procedures above will be followed in all circumstances and we will treat all Contract Owners the same.

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