New GI Life from AIG

Discussion in 'Insurance Offers' started by Todd King, Aug 24, 2016.

  1. Todd King
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    Todd King Well-Known Member

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    Introducing AIG's newest product!

    Guaranteed Issued Final Expense!


    1. 80% street level commissions
    2. Dual contracting available
    3. E-app process
    4. Competitive pricing
    5. Unique Chronic Illness Acceleration Benefit built in - Up to 50% of the face amount - No waiting period - One-time lump sum payment base on 2 of 6 ADL's
    6. Terminal Illness Benefit included - 50% of Death Benefit within 24 months of life expectancy or less
    7. $5K - $25K face amounts available
    8. Pay by bank draft, credit card, or SS Debit Card. Delayed billing available
    9. Issue ages 50-85
     
  2. bboman23
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    bboman23 Well-Known Member

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    How does the rates compare to gerber?
     
  3. John Galt
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    John Galt Well-Known Member

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    Are they using any form of SSBA billing?
     
  4. Todd King
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    Todd King Well-Known Member

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    Sorry guys, but these questions just recently showed up.

    Depends on the age and gender. Sometimes they are better and sometimes not as good, but always comparable.

    They will accept ACH (of course), SS Debit Card, and Credit Cards.
     
  5. Todd King
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    Todd King Well-Known Member

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    AIG just released a bulletin that changes part of the chargeback features.

    Instead of charging back 100% the first 6 months for lapses, and 50% for months 6-12, they have changed it to: 25% for months 1-6 and 0% months 7-12. They still do 100% year 1 and 50% year 2 for deaths.
     
  6. Todd King
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    Todd King Well-Known Member

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    AIG has recently changed their chargeback policy on lapses.

    For the 1st 6 months they will charge back 25% and for months 7-12 they will not charge back at all.
     
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