I know of several competitor company agents who lit on the AIG bailout issue as a green light to replace AGLA products. This seemed to work for them as most of the clients were as ignorant about the situation as they were, thinking that their life policies needed a government bailout to stay in force. With that said, it seems very foolish of AGLA to introduce an index UL at this time to clients who are already very distrustful of the market.
The bailout didn't seem to impact people's opinion of AGLA in a negative way here. Of course, this is a headquarters for American General and people knew the company. However, it is of interest that America General Financial was renamed Springleaf and is now facing bankruptcy.