Common Questions

What is Guaranteed Issue Whole Life Insurance?

Guaranteed Issue Whole Life Insurance is a permanent life insurance policy that can help your family members pay for unforeseen costs such as funeral and burial expenses, unpaid medical bills, co-signed credit card debt, and other financial burdens.

How much coverage is available?

Coverage amounts ranging from $5,000 up to $25,000 are available. The maximum amount of Guaranteed Issue Whole Life Insurance coverage in all policies that an individual can have from American General Life is $25,000.

What living benefits are included?

American General Life provides two different living benefits with this policy: a Chronic Illness Benefit and a Terminal Illness Benefit.The Chronic Illness Benefit outlines that if you cannot perform certain activities of daily living or if you are diagnosed with a severe cognitive impairment, American General Life Insurance Company will return all of your premiums paid up to 50% of the policies ultimate face amount less any policy loan balance and an administrative fee. The Terminal Illness Benefit outlines that if you are diagnosed with a terminal illness, American General Life Insurance Company will provide 50% of your death benefit amount while you are alive less any policy loan balance and and administrative fee. Both living benefits are provided at no additional cost.

Do I qualify for a policy?

If you are between the ages of 50 and 85, your acceptance is guaranteed. You do not have to submit to a medical exam or answer any health questions. You cannot be denied coverage for health reasons.

How can my loved ones use the policy?

Your loved ones can use the policy’s coverage amount any way they deem necessary. Many policy beneficiaries use the benefit amount to help pay for unforeseen costs such as funeral and burial expenses, unpaid medical bills, co-signed credit card debt, and other financials burdens.

Will my coverage amount decrease in the future?

Your coverage amount will never decrease in the future as long as premiums are paid on time.

Will my premiums increase in the future?

Your premiums will never increase in the future as long as premiums are paid on time.

How do I apply?

You can start the application process by entering your zip code at the top of this page or by calling a licensed insurance agent directly at 1-888-243-0322.

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