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Company/Policy Information

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United States Life Insurance Company In NY City

830 Third Avenue
New York, NY 10022-4684

Founded in 1850, The United States Life Insurance Company in the City of New York is the oldest stock life insurance company in the United States, with over $2.2 billion in assets and $73.3 billion of insurance in force as of Dec. 31, 2000. It was acquired by the American General Corporation in 1997 and became a member of the American General Financial Group (AGFG). On August 29, 2001 American General Corporation was acquired by American International Group (AIG), creating one of the largest insurance carriers in the world.

United States Life Insurance Company In NY City is rated:

A Excellent by A.M. Best Company, 3rd highest of 16 ratings for financial strength (as of 06/13/2006)
A+ Strong by Standard & Poor's, 3rd highest of 21 ratings for financial strength (as of 03/30/2005)
AA- Very Strong by Fitch, 3rd highest of 22 ratings for claims paying ability (as of 05/02/2005)
Aa3 Excellent by Moody's, 3rd highest of 21 ratings for financial strength (as of 08/30/2001)
These ratings are opinions of the rating agencies and are not warranties of the companyís ability to perform its financial obligations.

Policy Description LTG Ultra NY 15

The LTG Ultra series features level death benefit term plans with fully guaranteed level premiums for the first 10, 15, 20, or 30 years, with coverage to expire at age 95.

Conversion Feature

The policy may be converted to a level-premium, level death benefit permanent life insurance plan during the conversion period without evidence of insurability. The conversion period for LTG Ultra 10, LTG Ultra 15, LTG Ultra 20 and LTG Ultra 30 extends to the earlier of the end of the level-premium period or the insuredís attainment of age 75. Conversion to a permanent plan during the first 4 policy years will be given a credit toward the first annual premium of the new policy. The credit will be a percentage of the total cumulative term premiums paid according to the following schedule:

During the 1st policy year: 60%
During the 2nd policy year: 45%
During the 3rd policy year: 30%
During the 4th policy year: 15%

Available Options

Spousal Discount
Not Available

Children's Insurance Option (Additional Cost)
Coverage expires on the child's 25th birthday or at the insured's age 65, whichever is earlier. United States Life will issue 1/2-10 units of coverage for children up to age 22. Each $1,000 of coverage costs $5.00 per year when the insured is ages 20-50 and $7.50 per year when the insured is ages 51-55. The cost is either $5.00 or $7.50 for each $1,000 of coverage regardless of the number of children covered.

Accelerated Death Benefit
Availability varies by state.

Waiver of Premium Option (Additional Cost)
The Waiver of Premium rider will waive your premiums in the event of "total disability". In the event of insured's total disability before age 60 and after a waiting period of 6 consecutive months, premiums will be waived retroactively from the beginning of the disability. Issue age is 18 to 55.

Accidental Death Benefit Option (Additional Cost)
Available to standard rated individuals only, this option pays a death benefit in addition to the death benefit of the base policy if such death resulted from certain accidental injuries. It pays double the death benefit if death was the result of an injury sustained while a passenger in a public conveyance. Coverage expires on the policy anniversary nearest the insuredís 75th birthday.