American General Life Insurance Co., a Houston unit of American International Group Inc., said Tuesday that it had introduced AIG Elite Global, an indexed universal life insurance policy that offers a death benefit as well as possible cash-value accumulation based in part on the performance of three global external financial indexes.
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AIG Elite Global IUL has a minimum annual guaranteed interest rate of 2.5%, even if the three indexes - Standard & Poor's 500 Composite Price Index, Hang Seng Index, and Dow Jones Euro Stoxx 50 - yield negative returns.
