AIG | Coming Soon: LIMITED PAY Guaranteed Issue Whole Life

July 8, 2020

As of July 24, 2020, a new version of the Guaranteed Issue Whole Life (GIWL)¹ product will be replacing the currently offered one. This new version has a Limited Pay feature, revised premium rates, and a maximum issue age of 80.


July 24th
New 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.½

State Approvals

As of July 8, 2020, the new Limited Pay GIWL product is not approved in California, where the currently offered product will remain available and unchanged.

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.

² 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.

½ Chronic Illness rider is 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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