Guaranteed Issue Whole Life
Guaranteed Issue Whole Life Insurance from American General Life Insurance Company is a simple and affordable life insurance policy designed to cover expenses like medical bills, credit card debt or funeral costs, and can help protect your loved ones from future financial burdens.
With Guaranteed Issue Whole Life Insurance, if you're age 50-85, you can't be turned down for health reasons, and you can receive permanent life insurance without having to qualify for coverage based on your health. The benefits from this guaranteed issue whole life insurance can lend a helping hand for your loved ones during a difficult time.
Graded death benefit: Pays 110% of premiums paid during the first two years. Pays full face amount for accidental death and full face amount in the third year and beyond. All rates include a $24 annual policy fee. Insured must be the owner, one policy per owner/insured in a 12-month period; $25K coverage limit; no replacement or conversion into this product allowed; payer can be different from insured; Social Security number will be required as part of the application process. No benefit for accidental death is payable if the Insured’s death is caused or contributed to by: disease or infirmity of mind or body, or medical or surgical treatment for such disease or infirmity; an infection not occurring as a direct result or consequence of an accidental bodily injury; any attempt at suicide, or intentional self-inflicted injury, while sane or insane; travel in an aircraft or device used for testing or experimental purposes, used by or for military authority or used for travel beyond the earth’s atmosphere;active participation in a riot or insurrection; committing or attempting to commit a felony; intoxication as defined by the jurisdiction where the accidental injury occurred;riding or driving an air, land or water vehicle in a race, speed or endurance contest; rock or mountain climbing; bungee jumping; or aeronautics (hang-gliding, skydiving, parachuting, ultralight, soaring, ballooning and parasailing). No benefit for accidental death is payable if the Insured’s death is caused or materially contributed to by: voluntary intake or use by any means of (a) any drug, unless prescribed or administered by a physician and taken in accordance with the physician’s instructions, or (b) poison, gas or fumes, unless a direct result of an occupational accident; or participation in an illegal occupation or activity; or if death occurs while the Insured is incarcerated.
Policies issued by American General Life Insurance Company (AGL). Issuing company AGL is a member of American International Group, Inc. (AIG). AGL is not licensed to do business in New York. Policy Forms: ICC15-15532, 15332, and 15532-5. Rider Numbers: ICC15-15200, 15200-7, 15200-9, 15200-10, 15200-35, ICC15-15201, 15201-7, 15201-9,15201-10 and 15201-35. Guarantees are backed by the claims-paying ability of the issuing insurance company.