While other companies will automatically reject people with various pre-existing conditions because they are more risk averse, Corebridge Financial has some of the best underwriting for more of the higher-risk customers that other companies don’t want to insure. If you have a pre-existing condition, you can still be insured with affordable life insurance, even with a rejected application in your past.
Corebridge Financial (AIG American General) Term Monthly Rate Example:
(40-year-old male, non-smoker, in California)
| Coverage Amount | 10-Year Term | 20-Year Term | 30-Year Term |
|---|---|---|---|
| $50,000 | $17.00 | $19.42 | $37.02 |
| $100,000 | $13.32 | $15.83 | $23.53 |
| $250,000 | $17.43 | $24.57 | $39.49 |
Best For
- Diabetics diagnosed after age 50+
- Certain cardiac issues
- Sleep apnea
- Medical & recreational marijuana use
Not Good For
- Those with tobacco use within the last 12 months (cigars excluded)
- Mental disorders
- Bankruptcy < 2 years
- Drug/alcohol treatment < 2 years
Pros
- Great living benefits
- Fully convertible
- Customizable term product
Cons
- Longer-than-normal underwriting approval time
Learn More About Corebridge Financial Life Insurance Plans
| Plans | Description | Who Is It Right For? | Product Brochure |
|---|---|---|---|
| As one of the most competitive term policies on the market, AIG American Select-A-Term provides quality term coverage at an affordable rate. |
|  | |
| Offering a return of premium, this policy provides the ability to have your paid-in premiums refunded if you outlive the policy term. |
|  | |
| A final expense policy that guarantees coverage regardless of your medical issues or health condition |
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Corebridge Select-A-Term and Return Of Premium
Select-A-Term OverviewWhen you’re looking for a company that is more open to applicants with riskier occupations and less-than-ideal medical histories, AIG American General typically comes out ahead of some of the other fully underwritten life insurance companies. Combine this with the ability to customize your term life insurance policy and AIG’s financial strength, and it’s easy to see why people continually choose AIG American General as their company.
The Select-A-Term product offered by AIG American General is a unique policy, as it allows you to choose the length of coverage that best suits you out of 17 different options. Other insurance companies typically offer only four choices. That extra flexibility, along with AIG American General’s excellent riders and competitive rates, make this life insurance carrier a popular choice among our customers.
Return Of Premium Overview
Offering the same great protections as the customizable Select-A-Term product, the return of premium policy provides a guaranteed refund equal to the premiums paid if you outlive the policy. Often viewed as a forced-savings plan, a return of premium policy provides an excellent way to save money for the future AND obtain the life insurance protection you need to care for your family’s financial future.
Don’t want to surrender the policy for the return of premium? No problem. Other options are available, such as converting the policy into a permanent policy, or continuing to pay premiums and receiving an endowment at age 95 equal to the face value of the policy. AIG American General offers a variety of options to better define your success and your family’s protection.
Common Features- Accelerated benefit:
- Terminal illness: 50 percent of face value if illness or chronic condition with an expected death within 12 months
- Chronic illness: Partial distribution of death benefit if insured is unable to perform two of the six activities required for daily living or is cognitively impaired
- Fully convertible to a permanent policy within the level-premium term of policy ownership
- Children’s term rider - Provides term coverage to each child up to age 25, at which point it can be converted to a permanent policy
- Disability rider - Provides coverage of policy premiums in the event you are totally disabled and unable to pay premiums
- Accidental death benefit - Pays up to $250,000 in the event death results from certain accidental injuries
- Disability income rider - Pays a monthly benefit of up to $3,000 if you are unable to work because of a covered illness or injury
Step 1: Contact Us
Our job is to find the best solution for you without the typical sales pressure, and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at 1-855-458-1985 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.
Step 2: Application
Once you have determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, these applications can either be electronic or paper applications. Once the application is completed, we will inform you of the next steps (if there are any).
Step 3: Underwriting
The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision on your application. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.
Step 4: Policy Issuance
Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.
Regulatory Information
When selecting an insurance product, it is always beneficial to check the individual insurance company’s financial and regulatory standings. The National Association of Insurance Commissioners is the association of regulatory bodies for the insurance industry inside the United States. Click here to find more information on AIG American General Life Insurance on the NAIC website.
Corebridge Guaranteed Issue Whole Life
OverviewIf you are looking for guaranteed coverage from a reputable life insurance company, then AIG American General’s Guaranteed Issue Whole Life policy is a great option for you to consider. Providing final expense coverage of up to $25,000, this policy contains a graded benefit structure that returns premiums paid plus 10 percent, in the event that a death from natural causes occurs inside the first two years of the policy (accidents are covered at 100 percent of the death benefit). If you are diagnosed with a chronic or terminal illness after the two-year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early, to help offset additional costs that arise as a result of your condition.
Common Features- Accelerated benefit:
- Chronic illness rider: If you get sick with a qualifying chronic illness and need to access a portion of your policy benefits early, this rider will pay out limited to the total premiums paid for the policy, up to 50 percent of the policy’s coverage amount, less any outstanding loan amount.
- Terminal illness rider: If you become terminally ill and require access to your policy benefits, you are eligible to receive 50 percent of your death benefit.
- Remaining policy values will be paid to your beneficiaries at death.
Step 1: Contact Us
Our job is to find the best solution for you without the typical sales pressure, and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at 1-855-458-1985 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.
Step 2: Application
Once you have determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, these applications can either be electronic or paper applications. Once the application is completed, we will inform you of the next steps (if there are any).
Step 3: Underwriting
The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision on your application. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.
Step 4: Policy Issuance
Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.
Regulatory Information
When selecting an insurance product, it is always beneficial to check the individual insurance company’s financial and regulatory standings. The National Association of Insurance Commissioners is the association of regulatory bodies for the insurance industry inside the United States. Click here to find more information on American General Life Insurance on the NAIC website.
