HOUSTON, May 15, 2018 \u2013 American International Group, Inc. (NYSE: AIG), a leader in the index universal life (IUL) insurance market, announced new, non-medical underwriting for Max Accumulator+ IUL insurance policies and improvements to non-medical underwriting for QoL Max Accumulator+ IUL insurance policies, both issued by American General Life Insurance Company (AGL). \u201cNon- medical underwriting\u201d as described in this announcement means that no in-person paramedical examination will be required of an applicant for life insurance.<\/p>\n
For Max Accumulator+ cases that fall within predetermined guidelines, non-medical underwriting is now available for clients ages 0-50 in up to Preferred Plus underwriting class for policies with face amounts of $50,000- $499,999.99. For eligible QoL Max Accumulator+ cases, non-medical underwriting has been expanded to encompass those same ages and face amounts for all rate classes up to and including Preferred Plus.1<\/sup><\/p>\n \u201cMany consumers have gaps in their life insurance coverage and our non-medical underwriting is designed to help them access solutions more easily and quickly,\u201d Rod Rishel, Chief Executive Officer, Life Insurance, AIG, said. \u201cNon-medical underwriting makes the purchase process simpler for clients, easier for financial professionals to complete, and faster for us to support.\u201d<\/p>\n For proposed insureds who qualify, non-medical underwriting of Max Accumulator+ and QoL Max Accumulator+ is designed to result in a significantly reduced underwriting cycle time (from application receipt to the underwriting decision) and an application process that\u2019s less intrusive. In addition to no in-person paramedical examination, the process features:<\/p>\n <\/p>\n For financial professionals, non-medical underwriting of the two IUL solutions means:<\/p>\n <\/p>\n To further support financial professionals in efficiently meeting client needs, AIG has launched two online IUL insurance resource centers, at www.aig.com\/IUL<\/a> and www.aig.com\/QoLIUL<\/a>. They supplement other AIG resources, including Generation Station, an online tool created recently to help financial professionals quickly pinpoint potential life insurance solutions based on a client\u2019s age, gender and a just few other attributes. The generational tool and related resources are at www.aig.com\/GenerationMatters<\/a>.<\/p>\n The IUL insurance policies available through AIG offer flexible death benefit protection, the potential for long-term cash value accumulation, possible interest crediting based on upward market movement, protection against market downturns, and multiple options for accessing cash value.<\/p>\n Max Accumulator+ offers available living benefit riders. QoL Max Accumulator+, part of the Quality of Life\u2026Insurance\u00ae product suite offered by AIG, features built-in, no-cost accelerated benefit riders. Additional riders are available with both Max Accumulator+ and QoL Max Accumulator+.<\/p>\n For more information about AIG, visit www.aig.com<\/a>.<\/p>\n <\/p>\n The post AIG Enhances Underwriting For Two IUL Insurance Products<\/a> appeared first on InsuranceNewsNet<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" HOUSTON, May 15, 2018 – American International Group, Inc. (NYSE: AIG), a leader in the index universal life (IUL) insurance…<\/p>\n The post AIG Enhances Underwriting For Two IUL Insurance Products<\/a> appeared first on InsuranceNewsNet<\/a>.<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9646"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=9646"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9646\/revisions"}],"predecessor-version":[{"id":9647,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/9646\/revisions\/9647"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=9646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=9646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=9646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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