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AIG: Secure Survivor GUL II- Product Update

Secure Survivor GUL II Cap Removal and Backdating



Secure Survivor GUL II Cap Removal and Backdating


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Secure Survivor GUL II- Product Update

Effective July 1, 2018, Secure Survivor GUL II Face Amount Cap will be removed. The temporary $5,000,000 Face Amount cap established on April 14, 2018 will be removed. However, on July 1, 2018, Secure Survivor GUL II will also be re-priced. Premiums will be increasing from 21% to 26% depending on funding scenario, age, gender, underwriting class and face amount.

To receive old rates, applications must be received by June 29, 2018 and issued with an effective date of June 28, 2018 or earlier. Backdating is being made available through September 28, 2018. When backdating to receive the old rates the $5,000,000 Face Amount Cap still applies. These changes are specific to Secure Survivor GUL II only. This does not affect our individual product Secure Lifetime GUL 3.

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