Contract
What insurance company issues the Corebridge Guaranteed Issue Whole Life policy?
What is American General Life Insurance Company (AGL)?
How long does the simplified application process typically take to complete?
What is 15 minutes or less?
Are there any additional up-front premium costs to add the Chronic or Terminal Illness riders?
What is No ($0 up-front cost)?
What death benefit percentage is paid if the insured dies in Years 1–2 from non-accidental causes?
What is 110% of premiums paid?
What agent commission chargeback occurs if the insured dies during policy Year 1?
What is a 100% commission chargeback?
What type of permanent life insurance policy is Corebridge GIWL?
What is Whole Life Insurance?
When is the policy number displayed during the submission process?
What is instantly / in seconds upon submission?
The Chronic Illness Rider allows acceleration when the insured cannot perform how many Activities of Daily Living (ADLs)?
What is 2 out of 6 ADLs?
What death benefit is paid if the insured dies from an accidental injury during the first two policy years?
What is the Full Face Amount?
What agent commission chargeback occurs if the insured dies during policy Year 2?
What is a 50% commission chargeback?
What is the duration of the policy's Free Look Period?
What is 30 days?
During which nightly cycle is the policy officially issued after submission?
What is that night's processing cycle?
Besides ADL limitations, what condition triggers eligibility for the Chronic Illness Acceleration Benefit?
What is Severe Cognitive Impairment?
What percentage of the face amount is paid for a valid claim starting in policy Year 3 and beyond?
What is 100% / Full Face Amount?
Are commission chargebacks assessed against the agent if the policy lapses or is surrendered?
What is No (No chargebacks for lapse, surrender, or reduced paid-up)?
In which two U.S. states is this product NOT approved for sale?
What are New York and Maine?
Name two electronic devices supported by the responsive GIWL processing platform.
What are tablets and mobile devices (or computers)?
What life expectancy requirement is needed for a physician to certify eligibility under the Terminal Illness Benefit?
What is 24 months or less?
What portion of the applicable death benefit can be accelerated under the Terminal Illness Benefit?
What is 50%?
How do accelerated living benefit payouts impact future policy cash values and premium requirements?
What is cash values, remaining death benefits, and future premiums are reduced proportionally?
True or False: Foreign nationals residing in the U.S. are eligible to purchase this GIWL policy.
What is False (The product is not available to foreign nationals)?
What feature on the technology platform prevents point-of-sale submission errors?
What is automated validation of client and payment information (no incomplete applications)?
In which state are BOTH the Chronic Illness and Terminal Illness Accelerated Benefit Riders unavailable?
What is California (Chronic Illness is also unavailable in DC)?
Under the Chronic Illness Rider, what maximum percentage of the policy's death benefit can be returned as a lump sum?
What is up to 25% of the policy's death benefit (returning 100% of premiums paid up to that cap)?
What change occurs to required premium payments when an insured reaches their tier's maximum payment age (up to age 90)?
What is premium payments stop completely while coverage remains active?