Who is Guaranteed Issue Whole Life Insurance for?

Ideal client profile

Patricia


  • 70 years old
  • California resident
  • Novice user of technology

Patricia is concerned about expenses and how life insurance may provide solutions.  Uncertain that she can understand all of the fine print, Patricia wants reassurance that her final expenses can be handled in a smart way.

Who they are

  • Typically ages of 65 to 80
  • Household income of less than $100k
  • They are typically uninsured or underinsured
  • Most are members of either the Silent Generation (born 1928-1945) or the Baby Boomer Generation (born 1946-1964)

What they want

  • Peace of mind
  • Protection for their family

How big is the opportunity

  • 74% of uninsured American households are in our target market
  • More than 10,000 Americans are turning 65 each day1
  • Those aged 65 plus will grow from 56 million in 2020 to 65 million in 20252

1 FP Analytics/AARP US Report: https://arc.aarpinternational.org; 2019
2 US News & World Report: Aging in America, September 2019

Policies issued by American General Life Insurance Company (AGL), Houston, TX. Policy Forms: ICC21-20532 Rev0621, 20532, 20532-35, 20532-5. Rider Numbers: ICC15-15200, 15200, 15200-7, 15200-10, 15200-35, ICC15-15201, 15201, 15201-7, 15201-9, 15201-10, and 15201-35. Issuing company AGL is responsible for financial obligations of insurance products and is a member of American International Group, Inc. (AIG). Guarantees are backed by the claims-paying ability of the issuing insurance company. AGL does not solicit business in the state of New York. Products may not be available in all states and product features and rates may vary by state. 

Guaranteed Issue Whole Life offers a limited death benefit in the first two years of the policy. Should death occur in the first two years, a death benefit will be equal to 110% of the premiums paid.

This material is general in nature, was developed for educational use only, and is not intended to provide financial, legal, fiduciary, accounting, or tax advice nor is it intended to make any recommendations. Applicable laws and regulations are complex and subject to change.  For legal, accounting, or tax advice consult the appropriate professional.

THIS POLICY DOES NOT GUARANTEE THAT ITS PROCEEDS WILL BE SUFFICIENT TO PAY FOR ANY PARTICULAR SERVICES OR MERCHANDISE AT TIME OF NEED OR THAT SERVICES OR MERCHANDISE SHALL BE PROVIDED BY ANY PARTICULAR PROVIDER.

FOR FINANCIAL PROFESSIONAL USE ONLY-NOT FOR PUBLIC DISTRIBUTION

American General Life | Privacy

American General Life Insurance Company
2929 Allen Parkway, Houston, TX 77019, United States

© 2022 American General Life Insurance. All Rights Reserved.

AGLC200947