AIG 2021-Derful Term Pricing!

We are starting off the new year with new Select-a-Term rates. As of January 19, 2021, premium rate changes are in effect which consist of a mix of increases and decreases, with some cells being left unchanged.

Here’s how strong we are in our target cells ($250,000 and up):

• Over 70% of the premiums rank in the top 3, and nearly half rank in the top 2*
We are especially strong for larger face amounts ($500,000 and up):
• Among these cells, over half of the premiums, 53%, rank number 1; 70% are
in the top 2; and 84% are in the top 3*
With the new rates, there is a renewed emphasis on the 10-year duration at face
amounts $250,000 and above:
• Nearly one-third are in the top 2, and approaching half are in the top 3**
Transition Rules
• Applications received in the Home Office before January 19, 2021 will
automatically receive the old product rates unless the new product is
specifically requested.
• Any requests to get the new product must be made prior to
policy issue or conditionally issue.
• Applications received in the Home Office starting January 19, 2021 through
February 14, 2021 will manually be given the product with the lowest rates
prior to policy issue.
• Applications received in the Home Office February 15, 2021 and later will
automatically be given the new product rates.
• Reissue requests to new plan will NOT be honored.
• New applications submitted to replace existing inforce coverage with the new
rates will not be honored within 90 days of the existing coverage going
inforce.

Applications Received via AG Quick Ticket

• Applications received in the Home Office before January 19, 2021 will automatically receive the old product rates unless the new product is specifically requested.
• Any requests to get the new product must be made prior to policy issue or conditionally issue.
• Applications received in the Home Office starting January 19, 2021 through February 14, 2021 will manually be given the product with the lowest rates prior to policy issue.
• Applications received in the Home Office February 15, 2021 and later will automatically be given the new product rates.
• Reissue requests to new plan will NOT be honored.
• New applications submitted to replace existing inforce coverage with the new rates will not be honored within 90 days of the existing coverage going inforce.

Illustrations Select-a-Term is available on WinFlex Web. The new rates will not be available until January 15, 2021 after 4PM CST.

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