For nearly 100 years, AIG Insurers have been committed to insuring families and their futures.

Get life insurance coverage without health questions or a medical exam.

Your acceptance is guaranteed if you're between the ages of 50 and 85.

Millions of people worldwide trust us to help protect their loved ones.

What’s the difference between Guaranteed Issue Whole Life Insurance and whole life insurance?

Guaranteed Issue Whole Life Insurance and traditional whole life insurance are similar, but differ in a few ways.

This article will provide an overview of both types of life insurance, how each compares to one another and which one might be right for you.

What is Guaranteed Issue Whole Life Insurance?

Guaranteed Issue Whole Life Insurance is a type of whole life insurance policy that can help cover your final expenses when you pass away.

It’s sometimes called a final expense life insurance policy.

One policy, AIG Guaranteed Issue Whole Life Insurance, may provide up to $25,000 in financial support that your loved ones can use after you pass away. The policy can be used for any expenses, not just your final expenses.

If you’re between the ages of 50 and 85, your acceptance is guaranteed. And you don’t have to answer any health questions or submit to a medical exam to apply.

​What is whole life insurance?

Whole life insurance provides life insurance coverage for your entire life as long as your premiums are paid on time.

The exact policy details and limitations will vary depending on which insurance company you buy the policy from.

How are policies similar?

Guaranteed Issue Whole Life Insurance and whole life insurance are similar in the following three ways:

  1. Lifetime coverage
  2. Level premiums
  3. No rules on how to use policy’s death benefit

First, both policies provide coverage for your entire life. The policies will remain active as long as you pay your premiums on time.

Second, both policies offer level premiums that remain the same throughout the entire life of the policy. This means that you can lock in your premium when you apply and it will remain the same forever as long as your premiums are paid on time.

Finally, your beneficiaries can use the policy’s death benefit (the coverage amount) any way they want.

How are policies different?

Guaranteed Issue Whole Life Insurance and whole life insurance differ in the following four ways:

  1. Coverage amounts
  2. Age restrictions
  3. Application rules
  4. Living benefits

First, the policies may offer different coverage amount ranges. AIG Guaranteed Issue Whole Life Insurance offers coverage amounts ranging from $5,000 up to $25,000. Depending on the insurance carrier, other guaranteed issue whole life insurance policies may have lower or higher cover amount options. Traditional whole life insurance policies typically offer death benefit amounts that are much higher than guaranteed issue whole life policies.

Second, each policy may have different age restrictions. AIG Guaranteed Issue Whole Life Insurance is suitable for anyone between the ages of 50 and 85. Other whole life insurance plans have different acceptable age ranges that may be higher or lower.

Third, the application process and underwriting rules will vary from policy to policy. If you’re between the ages of 50 and 85, your acceptance is guaranteed for an AIG Guaranteed Issue Whole Life Insurance policy. You don’t have to answer any health questions or submit to a medical exam. Other whole life insurance plans may have an intensive application process that may require you to answer health questions, provide blood work and submit to a medical exam.

Finally, AIG Guaranteed Issue Whole Life Insurance offers two living benefits at no additional cost: a chronic illness benefit and a terminal illness benefit. Some whole life insurance policies may not offer living benefits at all.2

Which one should I choose?

The right life insurance policy will vary depending on your coverage needs, health, age and budget.

If you need coverage quickly and want a simple application process, you may want to consider a Guaranteed Issue Whole Life Insurance policy.

Policies start at just $19 per month.1

A licensed insurance agent can help answer your questions about this type of policy and see if it will fit your coverage needs.

You can get started by calling a licensed insurance agent at 1-888-243-0322 or by filling out the form below.

Request your free life insurance quote.

Please complete all fields.

By pressing "Get my free quote" above, I consent to receive phone calls from a licensed insurance agent from TZ Insurance Solutions, LLC, on behalf of American General Life Insurance Company, regarding their products and services, at the phone number provided above, including my wireless number, if provided. I understand that these calls may be generated using an automated technology. I understand that I am not required to provide this consent to make a purchase.


1The advertised $19 monthly rate is only applicable to a 50-year-old woman receiving $5,000 worth of Guaranteed Issue Whole Life Insurance coverage. Premiums will vary by issue age, gender and face amount. Premiums are level and guaranteed not to increase. Benefits amounts are subject to limitations.

2Important Consumer Disclosures Regarding Accelerated Benefit Riders

Copyright © 2018 American International Group, Inc. All rights reserved. Operated by TZ Insurance Solutions LLC.

Policies issued by American General Life Insurance Company (AGL) Houston, TX. Policy number ICC15-15532, 155332, 15532-5, 15532-10 and; Rider numbers ICC15-15200 and ICC15-15201. 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 AGL. Products may not be available in all states and product features may vary by state. AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at aig.com. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc.

For full information and disclosure regarding the accelerated benefit riders, please click here.

27592