The AIG Advantage in Guaranteed Issue Whole Life Plans

What Is Guaranteed Issue Whole Life From AIG "American General"

is a simple, yet very affordable, benefit-packed that is designed to serve the finale expense and senior market. 

Our older and senior clients are very concerned about leaving their loved ones with funeral and after-death expenses. 

Also, there can be credit card debt, loan balances, and of course the monthly expense of running a home. 

Guaranteed Issue Whole Life (GIWL) is designed to provide our

clients with comfort and peace-of-mind for just a few dollars a day.

But it also includes benefits typically available only in more traditional and expensive policies.

But most importantly to remember, acceptance is guaranteed. From the point of application to policy issue, the process is fast, quick, and pain-free!

Why Choose A Guaranteed issue permanent whole life

• No health questions to answer

• No medical tests

• Guaranteed acceptance ages 50 to 85

• Face amounts from $5,000 to $25,000 available

Innovative accelerated benefits included at no additional charge

GIWL includes innovative features that allow clients to accelerate their death benefits if they suffer a qualifying illness. In other words, it’s life insurance they can use while they’re still living!

Chronic Illness Rider:

Pays a one-time lump sum payment of

up to 50 percent of the policy’s face

amount with no waiting period.

Terminal Illness Rider: 

Timely product feature pays 50 percent

of the applicable death benefit in the

year accelerated.

Either way in both cases, the benefit can be used to help pay medical expenses, supplement your income, or for any other purpose. Guess what the remaining policy values will be paid to beneficiaries at death. How amazing is that! 

Product & Policy Features & Benefits: 

Guaranteed Issue - No Underwriting 

• Face Amounts: $5,000 - $25,000

• Ages 50-85 (ALB)

• No medical exam, labs, or health questions

• Client can not be turned down for health reasons

Fixed Premiums 

• Premiums are level and are guaranteed not to increase during the policy’s life.

Chronic Illness Acceleration Benefit

• Returns 100% of premiums paid, up to 50% of Face Amount

• No waiting period

• One-time lump sum payment when insured becomes chronically ill (2 out of 6 Activities of Daily Living [ADLs]*)

• No additional up-front costs

Terminal Illness Benefit

• 50% of Death Benefit within 24-month life expectancy or less

• No additional costs**

Product Specifications

• Insured must be Owner

• Payor can be different from Insured

• Social Security number will be required

• Only one policy per Owner/Insured in a twelve-month period

• Insured can get no more than $25k total in GIWL insurance from American General Life Insurance

• No replacement or conversion into this product allowed

• Free look period: 30 days.

• Annual $24 commissionable policy fee

• Policy contains exclusions and limitations

Graded Death Benefit - Call The Office So We Can Explain How This Works! 

• Years 1-2: 110% of premiums paid

• Years 3+: Full Face Amount

• Accidental Death: Full Face Amount

• In the event of a suicide: Premiums refunded

The best part about this whole program is that it is powered by the strengths of AIG. 

AIG is one of the world’s largest life insurance organizations and serves more than 18 million customers across America. 

For nearly a century, AIG companies have been

dedicated to providing innovative solutions to help customers secure and enhance their financial futures.