Maximum Purchase Payment Limit Increase

Please note that our Purchase Payment Limits are increasing from $1 million to $2 million for all contracts issued by American General Life (AGL). 

Any new Purchase Payments that would cause the total Purchase Payments for an individual (owner and/or annuitant) with either AGL or USL to exceed the new $2 million Purchase Payment Limit may be subject to Company pre-approval.

Please note that:

• Although pre-approval will not be required for total Purchase Payments below $2 million, Anti Money Laundering (AML) review will still need to be conducted for purchase payments greater than $1.5 million.
• As a result, the Large Case Annuity Exception Worksheet form will be required for any submissions above $1.5 million. This form can be obtained by our internal sales desks and must be submitted along with new business paperwork and/or electronic order without pre-approval for cases between $1.5 million to $2 million.
• Pre-Approval will need to be secured prior to new business paperwork/electronic order submission for all applications above $2 million.