Compass

AIG Secure Lifetime GUL 3 Price Increase Information (3/19/18)

AIG is Increasing the Price of their Secure Lifetime GUL 3 Product on  April 14, 2018 

 AIG will increase the price of its GUL 3 product an average of 3 to 4% depending upon age, underwriting class and funding pattern. Adjustments to target premiums will also be made.

 Transition Rules:

Paper Applications -

  • Secure Lifetime GUL 3 applications received on or after April 14, 2018 will receive the new rates.
  • In order to receive the current rates for the GUL 3 products, all applications must be received in good order on or before April 13th.
  • Reissue requests will not be honored.

AG Quick Ticket -

  • Secure Lifetime GUL 3 applications dropped on or after April 14, 2018 will receive the new rates. 
  • To receive the old rates on Secure Lifetime GUL 3 products, applications must be dropped into Quick Ticket by April 13th, 2018.
  • AIG must receive completed application with paramed from Quick Ticket by April 30th to receive the old rates. 
  • If AIG receives the application and paramed after April 30th, 2018, the new rates will automatically apply.

 

Click here for the original AIG announcement.