Corebridge (AIG) Guaranteed Issue Whole Life Insurance: Your 2024 Guide

AIG guaranteed issue whole life

Corebridge Financial, formally called AIG, offers Guaranteed Issue Whole Life Insurance. It is a comprehensive insurance policy designed to provide financial protection for seniors over the age of 50.

This product has been created with longevity and flexibility in mind, offering both guaranteed acceptance and customizable coverage options that can be tailored to meet individual needs.

In this blog post, we will explore the eligibility requirements, sample rates, pros and cons of Corebridge’s whole life insurance plan, as well as its company history.

To gain a deeper understanding of the features and benefits, let’s delve into Corebridge’s whole life insurance plan.

Table of Contents

  1. Overview
    1. Eligibility Requirements
    2. Payment Options
  2. Sample Rates
  3. Pros and Cons
  4. Company History
  5. Frequently Asked Questions
    1. What is guaranteed issue whole life insurance?
    2. Is guaranteed whole life insurance worth it?
    3. How does guaranteed issue life insurance work?
  6. Next Steps

Overview of Corebridge (AIG) Guaranteed Issue Whole Life Insurance

Corebridge’s guaranteed issue whole life insurance policy is specifically intended to supply financial protection for end-of-life costs, such as funeral expenses and other last-minute expenditures.

It also helps protect families from unexpected medical bills or other debts that may arise after death.

Key Features

Familiarize yourself with the key features of this particular form of life insurance coverage.

  • Guaranteed issue underwriting (no medical exam, no health questions asked)
  • Permanent coverage that will not expire.
  • Up to $25,000 in death benefits are available.
  • Modest cash value.
  • Terminal illness rider with up to 50% of death benefit available.
  • Waiting period of two years after policy’s issuance.

Eligibility Requirements

To be eligible for Corebridge Guaranteed Issue Whole Life Insurance, applicants must be between the ages of 50 and 80 years old.

No health questions are asked on the application.

Corebridge Guaranteed Issue Whole Life Insurance is a form of burial insurance and is an excellent option for seniors looking to ensure their financial security in the future.

With its guaranteed acceptance and competitive premiums, it’s no wonder why this product has become increasingly popular among those over 50 years old.

This form is coverage is designed for seniors who have serious health complications.

To be clear, however, any form of guaranteed issue coverage should not be your first choice. While Corebridge’s GIWL is an excellent product for certain seniors, premium cost is higher compared to other policies with similar face amounts.

Why? Because there is virtually no underwriting and everyone qualifies, Corebridge is absorbing a significant amount of risk and prices their guaranteed issue policies accordingly. With an expert agent, verify that you don’t qualify for simplified issue burial insurance, first.

Payment Options

You have options when it comes to how you would like to make your premium payments. Premiums can be paid:

  • Annually
  • Semi-annually
  • Quarterly
  • Monthly

Be sure to make your payments on time. If payment is late by more than 60 days, the policy may lapse and coverage could end without notice – unless otherwise noted in your policy documents.

Corebridge’s Guaranteed Issue Whole Life Insurance offers burial insurance for seniors over 50 an easy way to obtain life insurance coverage without having to worry about being denied due to pre-existing health conditions or other factors outside of their control.

It provides peace of mind knowing that your loved ones will have some financial protection even after you pass away.

Key Takeaway: Corebridge’s Guaranteed Issue Whole Life Insurance is an optimal choice for older individuals above 50 who may not be eligible for typical life insurance policies due to medical concerns or other pre-existing conditions.

Sample Rates

To get a general idea of cost, let’s evaluate a few sample Corebridge GIWL’s rates. Remember, there is no health underwriting involved with guaranteed issue life insurance plans.

This means your rate is on determined by three factors:

  • Age
  • Gender
  • Coverage amount

Corebridge (AIG) GIWL $10,000 Policy

A common coverage amount for a Corebridge GIWL policy is $10,000 in death benefits. Let’s evaluate cost, based on age and gender.

Keep in mind, males pay more for coverage than females due to statistically higher mortality rates.


  1. 50 year old rate: $56 per month
  2. 60 year old rate: $68 per month
  3. 70 year old rate: $106 per month
  4. 80 year old rate: $206 per month


  1. 55 year old rate: $47 per month
  2. 65 year old rate: $66 per month
  3. 75 year old rate: $116 per month

It’s prudent to compare quotes from various insurers before making any policy decisions as prices may differ depending on age and health status when applying for coverage.

With an independent agent, shop around for coverage as rates may vary depending on your age and health status when you apply for coverage.

Be sure to compare quotes from multiple providers before making any commitments or decisions regarding policy selection.

Sample rates for Corebridge Guaranteed Issue Whole Life Insurance are competitively priced and offer an attractive option to seniors over the age of 50 who do not qualify for other forms of burial insurance.

Pros and Cons of Corebridge (AIG) GIWL

The Corebridge Guaranteed Issue Whole Life Insurance policy offers a variety of advantages and disadvantages to those over the age of 50.


One of the biggest benefits associated with this policy is that it requires no medical exam or health questionnaire.

This plan is particularly suitable for elderly individuals who may be ineligible to receive other forms of life insurance due to their state of health.

Furthermore, premiums remain level throughout the lifetime of the policy so you don’t have to worry about your rates increasing as you get older.

Finally, this type of policy provides cash value accumulation which can be used in times when extra money is needed such as during retirement years or in case of emergency expenses.


The downside with guaranteed issue policies is that they tend to be more expensive than other types since insurers assume greater risk without any medical information from applicants.

Also, death benefit amounts are typically lower than what could otherwise be obtained with a medically underwritten plan.

Insurers must limit how much they pay out on these policies given their lack of knowledge about each applicant’s individual health status.

Finally, cash values accumulate slowly over time and are modest compared to traditional whole life policies.

At the end of the day, your agent will help assess the good and bad with this type of burial insurance so that you can make an informed decision on whether it is the right form of coverage for your unique needs.

Next, we will explore Corebridge’s background to gain further understanding of their products.

Company History

Formerly called AIG, short for the American International Group Inc., Corebridge Financial is a major insurer of both domestic and international customers.

Founded in 1919 by Cornelius Vander Starr in Shanghai, China, Corebridge was initially an investment business that focused on providing life insurance to expatriates living abroad. Over time it expanded its services to include property and casualty insurance and financial services.

In 1967, Corebridge (AIG) went public and began trading on the New York Stock Exchange under the symbol “AIG”. Corebridge rapidly advanced to become one of the largest insurance companies on a global scale, offering services in over 130 nations.

In 2008, during the global financial crisis, Corebridge (AIG at the time), was forced to seek assistance from US government which resulted in them becoming 80% owned by taxpayers for a brief period before being sold back to private investors.

Corebridge has expanded its offerings significantly since then, providing a broad range of products, including life policies such as term life or whole life policies like their guaranteed acceptance product: Guaranteed Issue Whole Life Insurance, specifically tailored to seniors over 50 years old.

Corebridge also offers customer service support through online chat agents available 24/7 who can answer questions about their various products or provide help with filing claims after an incident occurs.

Corebridge has developed mobile applications that allow customers to handle their policy details from anywhere, streamlining the process of accessing vital documents when necessary.

Key Takeaway: Corebridge has come a long way since its humble beginnings in 1919, and now offers an array of insurance products such as life policies like their Guaranteed Issue Whole Life Insurance for seniors over 50 years old.

Frequently Asked Questions

What is guaranteed issue whole life insurance?

Guaranteed issue whole life insurance is a type of permanent life insurance policy that does not require the insured to answer any medical questions or take a medical exam in order to be approved.

This makes it an attractive choice for those who may have health issues and cannot qualify for other policies due to their medical condition, as the policy offers coverage with no waiting period and cash value accumulation.

The premiums are usually higher than traditional policies, but they provide coverage with no waiting period and offer cash value accumulation over time.

Is guaranteed whole life insurance worth it?

Guaranteed whole life insurance is a type of permanent life insurance that provides coverage for the insured’s entire lifetime.

It offers death benefit protection and modest cash value accumulation, as well as other benefits such as guaranteed premiums and tax-deferred growth.

The cost of this policy is usually higher than than other forms of burial insurance due to the fact that virtually no underwriting is involved and a significant amount of risk is absorbed by the carrier.

Ultimately, whether or not guaranteed whole life insurance or another form of burial insurance is worth it depends on your individual needs and financial goals.

How does guaranteed issue life insurance work?

No matter what your health or pre-existing conditions may be, guaranteed issue life insurance guarantees coverage to the applicant. You only need to be at least 50 years old (sometimes 40 years).

Premiums are usually higher than those for other types of policies due to the lack of underwriting requirements and the fact that they provide more comprehensive coverage.

These policies can be beneficial for seniors who may have difficulty obtaining traditional life insurance because of their age or poor health.

Next Steps

Corebridge Guaranteed Issue Whole Life Insurance is a great option for seniors over the age of 50 who are looking to secure their financial future.

With guaranteed issue and no medical exam required, this policy offers peace of mind without any hassle or inconvenience.

The sample rates make it affordable for most budgets and the company’s long history ensures that you can trust them with your finances.

If you’re in need of burial insurance coverage and have significant health concerns, consider Corebridge Guaranteed Issue Whole Life Insurance as an excellent choice.

Protect your loved ones and secure your future. iSeniorBenefits helps you get the coverage you need today to ensure a financially safe tomorrow for yourself and those you care about.