AIG insurance companies oﬀer a wide range of insurance products, including guaranteed issue whole life insurance. With guaranteed issue whole life insurance, you can enjoy permanent coverage with no underwriting and minimal waiting time getting policy application approval.
Learn more about how guaranteed issue whole life insurance could benefit you.
One benefit of guaranteed issue whole life insurance is the ability to apply for a policy without having to undergo the underwriting process. The traditional underwriting process requires applicants to fill out a questionnaire about their current health status, health history and family health background. Applicants are often required to also undergo a physical examination performed by a medical professional that includes blood tests, urine tests and more.
The results of this traditional underwriting process will play a significant role in determining your rates. The healthier you are, the less you can typically expect to pay in premiums. But any red flags surrounding your health can drive up the cost of your policy or even cause a company to deny you coverage altogether.
With guaranteed issue whole life insurance, there are no health questions to answer and no physical exam required. And because the rates are based on a person’s age and sex, a 50-85 year old person with considerable medical issues — even life-threatening ones — can obtain the same rate as a perfectly healthy person. That’s right; no one will be turned down for coverage because of their health.
It can often take several weeks for a life insurance policy to become activated while the traditional underwriting process runs its course. However, there is no underwriting involved with guaranteed issue whole life insurance, so these policies can often be activated within just days of purchase.
The lack of waiting allows consumers to be protected quickly and reduce the risk of something happening prior to the start of coverage. It’s common for guaranteed issue whole life policies to be used in business partnerships, divorce proceedings and other legal matters because the coverage can be activated so quickly.
As long as you continue to pay your premiums, guaranteed issue whole life insurance will continue to provide coverage for as long as you live. There’s no “outliving your coverage,” like you may find with other types of insurance. Guaranteed issue whole life insurance is there for as long as you need it.
If you’re between the ages of 50 and 85, you are guaranteed to be accepted for guaranteed issue whole life insurance from AGL, regardless of your health. You can get up to $25,000 in coverage, which can help pay for funeral costs, end-of-life medical care or debts and can help protect your loved ones from a future financial hardship.
Contact an AIG-appointed life insurance agent at 855-382-3599.
Agency services provided by AIG Direct Insurance Services, Inc. ("AIG Direct"), CA license # 0B57619 and AR license # 0100105378, a subsidiary of American General Life Insurance Company ("AGL"), Houston, TX and an affiliate of The United States Life Insurance Company in the City of New York ("US Life"), New York, NY, all members of American International Group ("AIG").
Policies issued by: American General Life Insurance Company (AGL), Policy Forms: ICC15-15532, 15532, 15532-5, 15532-10. Rider Numbers: ICC15-15200, ICC15-15201, 15200, 15200-10, 15200-35, 15201, 15201-9, 15201-10 and 15201-35. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). AGL does not solicit business in the state of New York. Products may not be available in all states and product features and rates may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company. ©2018 AIG. All Rights Reserved.
Life Insurance Coverage with No Health Questions, Guaranteed
If you have been denied life insurance coverage due to your health, consider Guaranteed Issue Whole Life Insurance with no health questions required.