This review is for the Variable Annuity Health Insurance Company, however there is no company known by that name. There is however, a company called the Variable Annuity Life Insurance Company (VALIC), but it does not offer any type of health insurance product. If you are in the market for health insurance coverage for you, your family, or your business, you need to contact another insurance company.
About the Variable Annuity Health Insurance Company
The Variable Annuity Life Insurance Company was founded more than a half century ago, and currently has nearly $70 billion in total assets. VALIC has been given a rating of A (excellent) by the A.M. Best Company for financial strength, as well as an A+ from Standard and Poor’s and an A from Moody’s.
The Variable Annuity Life Insurance Company offers many products for both individuals and businesses, and also specializes in financial planning. VALIC has more than 2 million investors.
Variable Annuity Health Insurance Company Locations
The Variable Annuity Health Insurance Company is located in Amarillo, Texas. There is no additional information available online regarding other offices and locations of VALIC, but the main customer service phone number is staffed from 7 a.m. to 8 p.m. Monday through Friday and can be reached at 1-800-448-2542.
The Variable Annuity Life Insurance Company also has a dedicated enrollment center where specific questions about utilizing the company’s services can be answered between 7 a.m. and 6 p.m. by calling 1-888-569-7055.
Variable Annuity Health Insurance Products
The Variable Annuity Life Insurance Company offers many different products in the life insurance and annuity areas.
VALIC offers three different types of insurance, including term life, whole life, and long-term care insurance.
The term life product offered by VALIC gives you coverage at a certain dollar amount for a fixed period of time. Most of the term life products increase in either premium cost as you age or change when it is time for the renewal. If you live beyond the term period, no benefit is paid to you or your beneficiary.
The Variable Annuity Life Insurance Company also provides a variable universal life insurance product. This product allows you to build up cash value, all while deferring the tax, and offers flexible premium payments.
With the variable universal product, you can choose where your money is invested, as well as choose the companies that invest your money. A VALIC agent can help you with these options if you choose.
The long term care insurance coverage offer by VALIC provides protection of you and your family’s assets by covering many nursing home expenses, as well as assisted living costs, hospice care and home health aide coverage.
Variable Annuity Health Insurance Company Annuity Options
Annuities through the Variable Annuity Life Insurance Company allow you to take your savings and turn it into a regular stream of retirement income. Many of the annuities have options built in that make sure that you will not outlive your money.
These different options include choosing either a fixed or a variable annuity product through Portfolio Director, which allows you to either maximize the amount of income you can receive or can help you preserve as much capital as possible.
The set rate annuity offered by VALIC gives you an annuity with just single premium while allowing you adjustments based on market value. This allows you to make withdrawals without suffering excessive charges.
The immediate fixed annuity guarantees income for life to retirees, and ensures that you will not outlive your contributions.
There is also an annuity known as the power index annuity, which gives you all the fixed rate benefits associated with an annuity, but allows you to make one-time changes when you are getting closer to retirement.
The Variable Annuity Life Insurance Company also offers two flexible premiums and tax deferred annuities known as the Premiere 5 and Premiere 7, and provides a guaranteed interest rate on your initial premium. In addition, certain annuities offered by VALIC protect your entire principal and can even help you avoid probate.
Variable Life Insurance Company Mutual Funds
VALIC offers three different mutual find options, and has both an asset management and investment account division. In addition, VALIC can help with a college savings program as well as benefit and retirement plans for employers.
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