AIG – GUARANTEED ISSUE WHOLE LIFE

Due to industry mandated changes, AIG Guaranteed Issue Whole Life (GIWL)
product will be reverting back to the 2001 CSO Mortality Tables on December
7, 2019. However, our product features, benefits, and premiums will all
remain the same.

Transition Rules without a future date
aig.com/GIWL Submissions
• Applications received prior to 5 pm CST on 12/6/2019, will get the old
2017 CSO GIWL product.
• Applications received 5 pm CST on 12/6/2019 or later will get the new
2001 CSO GIWL product.

Paper/Fax Submissions
• Applications received 12/6/2019 and prior, will get the old 2017 CSO
GIWL product.
• Applications received 12/7/2019 and later, will get the new 2001 CSO
GIWL product.

Transition Rules with a future date
aig.com/GIWL Submissions
• Applications received prior to 5 pm CST on 12/06/2019,
− with a future date prior to 1/1/2020, will get the old 2017 CSO GIWL
product.
− with a future date of 1/1/2020 or later will NOT be allowed. If a
1/1/2020 or later date is needed, a new application for the 2001 CSO
GIWL product must be submitted 5 pm CST on 12/6/2019 or later.
• Future dated applications received 5 pm CST on 12/6/2019 or later will
get the new 2001 CSO GIWL product.

Paper / Fax Submissions
• Applications received 12/06/2019 and prior,
− with a future date prior to 1/1/2020, will get the old 2017 CSO GIWL
product.
− with a future date of 1/1/2020 or later, must be held until 12/7/2019
and given the new 2001 CSO GIWL product.
• Applications received 12/7/2019 and later, will be given the new 2001
CSO GIWL product.

Pending Applications
• Any pending applications for the 2017 CSO GIWL product submitted prior to 5 pm CST on 12/6/2019 will need
to be issued by 12/31/2019.
• Any pending applications for the 2017 CSO GIWL product NOT issued by 12/31/2019 that:
− DO NOT HAVE a client signed disclosure/acknowledgement form, will be closed out.
− HAVE a client signed disclosure/acknowledgement form, the 2001 CSO GIWL product will be offered.
Reissue Requests
Current policy is the 2017 CSO GIWL product
• Policy effective date of newly reissued policy is prior to 1/1/2020
− 2017 CSO GIWL policy is given.
• Policy effective date of newly reissued policy is 1/1/2020 or later
− Signed disclosure/acknowledgment form will be required and a 2001 CSO GIWL policy given.
Current policy is the 2001 CSO GIWL product
• 2001 CSO GIWL policy is given, regardless of policy effective date of newly reissued policy