Contract
Must the insured also be listed as the owner of the policy contract?
What is Yes (Insured must be Owner)?
Are paramedical exams or blood/urine lab tests required to apply?
What is No?
What waiting period applies before a policyholder can access the Chronic Illness Rider?
What is No waiting period?
Who receives the remaining death benefit proceeds upon the death of the insured?
What are the designated beneficiaries?
Can a policy owner change or set a different payor for monthly draft premiums?
What is Yes (Payor can be different from Insured)?
What specific tax identification number is required on the policy application?
What is a Social Security Number (SSN)?
How many health questions are on the GIWL application?
What is Zero (No health questions)?
Name three of the six recognized Activities of Daily Living (ADLs).
What are bathing, continence, dressing, eating, toileting, or transferring?
What death benefit payout is provided if the insured dies by suicide during the contractual suicide period?
What is a refund of premiums paid (less any outstanding loan balance/accelerated payments)?
Do premium rates change or increase as the insured gets older?
What is No (Premiums remain level for life)?
Are policy replacements or conversions permitted into this GIWL product?
What is No (Replacements and conversions are not allowed)?
What platform feature allows clients to choose when their first premium payment is drafted?
What is Delayed Billing (ability to specify date)?
What administrative fee applies at claim for the Terminal Illness Benefit in Florida compared to all other states?
What is $100 in Florida ($250 in other states)?
Name two accidental death exclusions that would prevent payment of the full accidental death benefit during Years 1–2.
What are suicide/self-inflicted injury, commission of a felony, incarceration, war/riot, intoxication, or dangerous racing/skydiving?
If a policyholder's health declines after policy issue, can Corebridge cancel or alter the contract coverage?
What is No (Acceptance and coverage are guaranteed once issued)?
What city and state is listed as the headquarters for American General Life Insurance Company?
What is Houston, Texas?
What simple four-step sequence defines the agent sales process on the portal?
What is 1) Login, 2) Get quotes, 3) Complete application, 4) Confirm status?
True or False: Accelerated Death Benefit Riders are intended to serve as a direct replacement for Long-Term Care Insurance (LTCI).
What is False?
How are policy loan balances handled when paying out death or rider benefits?
What is benefit payouts are reduced by the amount of any outstanding loan balance?
How does taking a policy loan change the net payout value at the time of claim?
What is it reduces the final claim payout by the loan amount plus accrued interest?
What is the maximum number of GIWL policies an individual can purchase from AGL within a 12-month period?
What is 1 policy?
What is the primary benefit of straight-through electronic application processing for the agent?
What is instant policy number generation and no missing/incomplete forms at sale?
How are payout proceeds from Accelerated Death Benefit Riders restricted in terms of client usage?
What is they are unrestricted (can be used for any purpose)?
What happens to the remaining death benefit after a client executes a 50% Terminal Illness acceleration payout?
What is the remaining 50% of the death benefit stays in force for beneficiaries?
How can a client estimate the exact policy year when total premiums paid will change to exceed the base death benefit?
What is by dividing the face amount by the annual premium?