Guaranteed Life Insurance Contracting Gerber AIG
Guaranteed Life Insurance Contracting Gerber AIG: This blog has all the rates, benefits, applications as well as the contracting agents need to be set up to sell both the Gerber Guaranteed issue whole life plan and the AIG guaranteed issue whole life plan. Both products offer the best guaranteed issue plan rates that an agent can offer to clients. In fact,links to all information including contracting is provided below. Contracts are not only paid at full commission but directly to the agent. Agents receive commissions “as earned” with both companies. Both Gerber and AIG do not offer an advances as an option with these contracts.
Agents should read the chargeback provisions of both products carefully, because they can both charge back a portion of commission up to 2 full years after the policy start date. AIG is available in all states except NY. AIG has filed in NY and are waiting for approval. Gerber is approved in all states including NY. PLEASE NOTE: Both companies will require agents to write the first case prior to processing the contracting paperwork on file.
What kind of insurance is the Gerber and AIG policies?
They are both whole life insurance insurance plans that build a cash value.
What are the coverage amounts?
Coverage amounts are in increments starting at $5,000 and up to $25,000
Will payments go up each year?
Gerber guarantees that the payments will not go up for the life of the policy.
Does Gerber require clients to take a medical exam?
There are absolutely no medical questions on either policy. The client only needs to fall within the age limits of the plan
Can Gerber Life cancel the policy?
No. Once the client’s coverage begins, and as long as they pay their premiums, Gerber Life cannot cancel the client’s Guaranteed Life insurance. Only they have the option to terminate the plan.