AIG Life Insurance
American International Group, better known as AIG Life Insurance, is the carrier we use most often for Guaranteed Issue Final Expense Whole Life Insurance (GIWL). Guaranteed Issue means that the health history requirements are very lenient and most folks are approved. AIG Life Insurance (GIWL) is designed for folks who do not have an ideal health history and is usually the only option to get coverage. With this policy, if death occurs in the 1st two years, all premiums paid plus 10% interest are given to the beneficiary. After year 2, the full death benefit is paid. (Our opinion of the “waiting period” – 10% interest risk free is better than putting your money in the bank).
