Guaranteed Issue Whole Life Insurance is an easy and permanent life insurance option. If you meet the eligibility requirements, you can get up to $25,000 in coverage that can help your family members pay for unforeseen cost such as funeral and burial expenses, medical bills, credit card debt, and other financial burdens. This coverage comes with no medical exams or health questions. If you are between the ages of 50 and 85, your acceptance is 100% guaranteed.
With Guaranteed Issue Final Expense Insurance, if you're age 50-85, you don't have to worry about being turned down for health reasons. You can receive permanent life insurance without having to qualify for coverage based on your health. The benefits from this Guaranteed Issue Final Expense Insurance can help your loved ones during difficult times.
Get added protection: Two living benefits are included with your policy at no additional cost. This coveraged comes with two different living benefits: a Chronic Illness Benefit and a Terminal Illness Benefit.
Chronic Illness Benefit – If you cannot perform certain activities of daily living or if you are diagnosed with a severe cognitive impairment, American General Life Insurance Company will return all of your premiums paid up to 25% of the policies ultimate face amount less any policy loan balance and an administrative fee.
Terminal Illness Benefit – If you are diagnosed with a terminal illness, American General Life Insurance Company will provide 50% of your death benefit amount while you are alive less any policy loan balance and an administrative fee.
Get started today by requesting a quote. One of our licensed agents will be happy to answer your questions and work with you to find the right whole life insurance policy for you and your family.
The endorsements/testimonials presented should not be construed as a recommendation to purchase, or an indication of the value of any product or service.The testimonials are actual AIG Direct customers who are not affiliated with AIG Direct and were not provided compensation.
* The total amount of all AGL Guaranteed Issue Whole Life Insurance policies on any person cannot exceed $25,000 in the aggregate.
Policies issued by AGL in all states except NY, Policy #: 15532, ICC15-15532. AGL is not licensed to do business in New York.
Important Consumer Disclosures Regarding Accelerated Benefit Riders
An Accelerated Death Benefit Rider (ABR) is not a replacement for Long Term Care Insurance (LTCI). It is a life insurance benefit that gives you the option to accelerate some of the death benefit in the event the insured meets the criteria for a qualifying event described in the policy. The rider does not provide long-term care insurance subject to California insurance law, is not a California Partnership for Long-Term Care program policy. The policy is not a Medicare supplement.
ABRs and LTCI provide different types of benefits. An ABR allows the insured to access a portion of the life insurance policy’s death benefit while living. ABR payments are unrestricted and may be used for any purpose. LTCI provides reimbursement for necessary care received due to the inability to perform activities of daily living or cognitive impairment. LTCI coverage may include reimbursement for the cost of a nursing home, assisted living, home health care, homemaker services, adult day care, hospice services or respite care for the primary caretaker and the benefits may be conditioned on certain requirements or meeting an elimination period or limited by type of service, the number of days or a maximum dollar limit. Some ABRs and all LTCI are conditioned upon the insured not being able to perform two or more of the activities of daily living or being cognitively impaired.
This ABR pays proceeds that are intended to qualify for favorable tax treatment under section 101(g) of the Internal Revenue Code. The federal, state, or local tax consequences resulting from payment of an ABR will depend on the specific facts and circumstances, and consequently advice and guidance should be obtained from a personal tax advisor prior to the receipt of any payments. ABR payments may affect eligibility for, or amounts of, Medicaid or other benefits provided by federal, state, or local government. Death benefits and policy values, such as cash values, premium payments and cost of insurance charges if applicable, will be reduced if an ABR payment is made. ABR payments may be limited by the contract or by outstanding policy loans.