GIWL

Guaranteed Issue Whole Life

AIG GIWL Product Brochure.pdf
AIG GIWL Agent Guide.pdf

• Guaranteed Issue Whole Life
• Offered to ages 50 - 80
• Minimum $5,000 Maximum $25,000
• Graded Death Benefit
  • • Years 1 & 2: 110% Return of Premiums Paid
    • Years 3+: Full face amount

• Accidental Death: Full face amount from Day 1
• Premium payments stop and or before age 90 depending on age at policy issue
• Accelerated Death Benefit riders included at no additional charge
  • Chronic Illness: Benefit payment limited to the total premiums paid for the policy up to 25% of the policy’s death benefit
  • Terminal illness: Pays 50% of the applicable death benefit in the year accelerated

SimpliNow Whole Life

AIG SIWL Product Brochure.pdf
AIG SIWL Agent Guide.pdf

Policy Riders are only available on SimpliNow Legacy Max Level Death Benefit design: 

Accelerated Death Benefit for Terminal Illness Rider: 

This rider is available at no extra charge. There is a fee if activated. The owner can request an accelerated benefit if they are diagnosed with a medical condition that is expected to result in the death of the insured within 12 months. The rider requires a physician to sign a statement of proof to certify the insured has a terminal illness. • Accelerated Death Benefit for  

Nursing Home Confinement Rider: 

This rider is available at no extra charge. There is a fee if activated. The owner can request an accelerated benefit if the insured is chronically ill and under nursing home confinement with the expectation they will remain there for the rest of their lives. A written statement from a licensed health care practitioner will be required certifying the insured is unable to perform two out of six activities of daily living; and has been confined to a nursing home for at least 90 consecutive days and is expected to remain confined until death. 

Accidental Death Benefit Rider: 

(issues ages 50-75)  This optional rider is available for additional cost at issue only. The rider provides an additional death benefit equal to the base policy death benefit if the insured dies from accidental bodily injury as defined and specified in the rider form. Coverage terminates at the earlier of the termination of the covered insured’s life insurance coverage under the policy, or the policy anniversary after the covered insured’s 80th birthday. The owner can request removal of the rider after issue. Please note: The Graded death benefit has a built-in provision which in case of an accidental death in the first two years, the benefit paid will be the face amount of the policy.

Chargebacks:

No chargebacks on lapse, surrenders, or deaths on any earned commissions. 100% commission chargebacks on lapses, surrenders, or deaths for any unearned commission.