AIG | Reminder: Available September 11th in California

September 10, 2020

As of September 11, 2020, an enhanced version of the Guaranteed Issue Whole Life (GIWL)¹ product will be replacing the currently offered one. This version has a Limited Pay feature, revised premium rates, and a maximum issue age of 80.


September 11th Product Update


Limited Pay Design

Required premium payments will now stop once the insured reaches a specified age as defined in the contract. The maximum payment age will range from ages 82 to 90.

Revised Issue Ages

Ages 50 to 80. (Previously 50-85)

Premium Rates

Premium Rates per $1,000² will be increasing by 2.5% for all insureds with the exception of males ages 78 to 80 where there will be a premium decrease.

What’s Not Changing

Guaranteed issue permanent protection: No health questions to answer, no medical tests. Guaranteed acceptance with face amounts from $5,000 to $25,000 available.³

Innovative accelerated benefits included at no additional charge including Chronic Illness and Terminal Illness accelerated death benefit options.*

1 GIWL is a 2-year graded death benefit product. If death occurs in years 1 or 2: 110% of premiums are paid. Years 3+: Full Face Amount.

2 Does not include an annual $24 policy fee.

3 Premiums paid may exceed the amount of coverage. For an estimate of the year, the premiums may exceed the amount of coverage, divide the face amount by the annual premium.

* Chronic Illness rider available in all states except, CA, DC, ME, and NY. Terminal Illness rider is available in all states except CA, ME, and NY.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881


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