Corebridge Financial – A New Name for AIG Life and Retirement

By Michael Horbal - Updated on 10/09/2023

Meet Corebridge Financial, the 2022 rebrand of AIG Life and Retirement. With a history dating back to 1850, Corebridge offers a broad range of products, including life insurance and annuities.

Corebridge is the marketing name. Life insurance policies are issued by the American General Life Insurance Company in most states and by The United States Life Insurance Company in New York.

See how Corebridge Financial compares to the other life insurance companies we offer at RiskQuoter.

Financial Strength

  • AM Best – A
  • S&P – A+
  • Moody’s – A2
  • Fitch – A+

Ratings as of August 2022

Corebridge Financial Overview

AIG companies have been there to pay their claims, including the payout of $47 billion in claims from 2018-2022.

With $357 billion in assets under management as of December 2022, Corebridge has the financial strength to take care of your claims too.

In comparison, New York Life Insurance Company has $700 billion in assets under management.

Is it Easy to Get a Policy from Corebridge Financial?

Corebridge Financial makes applying for a term or universal life insurance easy using Quick Ticket.

It’s an e-application process where you provide us with some basic information.

We submit everything to the home office, and underwriting will contact you for a phone interview and to schedule a paramedical exam if necessary.

Upon approval, your policy will be e-delivered for review and acceptance.

Corebridge Financial term life insurance policies often rank in the top 3 for best-priced policies to meet your needs.

Corebridge recently introduced Agile Underwriting (AU+) for permanent life insurance products.

With Agile Underwriting, insureds aged 59 and younger can receive up to $1,000,000 of term life insurance or GUL coverage with no paramedical exam required.

Up to $2,000,000 is available if applying for an index universal life policy.

How Does Corebridge Financial Underwriting Work?

Corebridge Financial has a set of underwriting guidelines that are used to determine what rate class they will offer you.

Underwriting Rate Classes Available:

  • Preferred Plus
  • Preferred Non-Tobacco
  • Standard Plus Non-Tobacco
  • Special Non-Tobacco
  • Preferred Tobacco
  • Standard Tobacco
  • Special Tobacco

Underwriting Credit Programs

Crediting programs offer the possibility of receiving a better underwriting rate class than you might typically receive.

The benefit to you, of course, is a better price for your life insurance.

Underwriting credit programs include:

  • Flex Credits Program
  • Lab Smart Scoring

Flex Credits Program – This was recently introduced to replace the Health Credits and Preferred Offsets programs.

With the Flex Credits Program, you may receive one Preferred Class upgrade or one Substandard Class improvement if you meet 4 of the following factors.

  • Normal Cardiac Workup
  • Normal CT Scan
  • A1c < 5.5
  • LDL <100, Ratio of 5.0 or less
  • BMI – 23-25
  • BP 120/80 or better
  • Normal Mammogram
  • Good Exercise Capacity Test
  • Normal Cardiac Catheter
  • Normal Colonoscopy
  • NT Pro-BNP<100
  • Normal CBC
  • Normal Carotid Ultrasound
  • Normal Liver Functions
  • Normal Prostate Exam
  • Favorable Lab Risk Score

Special conditions may apply. Certain Flex Credits vary by age, and credits may not be available for tests performed on younger individuals. All credits have additional requirements and time frame criteria before the insured can use them to improve a rating.

Lab Smart Scoring looks at lab results from a mortality standpoint vs. looking at the results to see if they are within the normal range.  

The result is that a Smart Score is developed based on all of your lab results, and the Smart Score may help you improve your underwriting offer.

Important to note is that these credits are automatically applied to your underwriting decision.

Corebridge Accelerated Underwriting

Corebridge offers accelerated underwriting and just recently introduced the possibility of instant approvals.

It’s called SimpliNow Choice. You may now complete the medical history information online. The industry jargon for this step is called Part B.

Previously, a phone interview was required.

With SimpliNow Choice, your answers get submitted to the automated underwriting engine as you complete the questions.

If you are approved as you applied, the policy will be conditionally issued.

For clients who are not approved instantly with SimpliNow Choice, Corebridge will inform us as the agents first that you were approved at a different rate or that underwriting will require a paramed exam.

We’ll keep you informed throughout the process.

Corebridge Financial High-Risk Expertise

Corebridge Financial is one of the few companies that base their substandard high-risk life insurance rates on a “special non-tobacco” rate.

This is a huge advantage as most companies use a more expensive “standard” rate for pricing.

High-Risk Life Insurance Expertise in these areas:

  • Build
  • Asthma
  • Heart Disease
  • Sleep Apnea
  • Diabetes
  • Anxiety, depression, and mood disorders
  • Ulcerative colitis
  • Seizure Disorders
  • Thyroid Cancer
  • Melanoma In-Situ
  • Truvada Medication

We shop at multiple companies for high-risk life insurance cases to ensure you receive the best quotes possible.

Uninsurable Medical Conditions with Corebridge

There are a number of medical conditions that American General will not insure, including:

Abdominal aortic aneurysms that were repaired within the past six months.
Alcohol treatment within the past two years.
Alzheimer’s disease
Cirrhosis
COPD/Emphysema
Kidney Dialysis
Myelodysplastic Syndrome
Medical testing was advised but not completed.
Remember that just because one company won’t insure your medical condition does not mean that all companies consider you uninsurable.

Types of Policies Available

You have several life insurance choices available with Corebridge Financial.

Term life insurance, universal life insurance, index universal life insurance, accidental death insurance, and whole life insurance are available.

Corebridge Select-A-Term

Corebridge Financial (American General) offers term life insurance, including their most popular policy, the “Select-A-Term” product line.  

The Select-A-Term offers many features that other companies do not, including:

  • Minimum Face Amount – $100,000
  • Issue Ages – 20-80 years old (varies by term length)
  • Choice of Term Lengths
    • 10-year term
    • 15-year term
    • 20-year term life insurance
    • 25-year term
    • 30-year term life insurance
    • 35-year term
    • In addition, Corebridge offers terms in one-year increments – ex 16,17,18, 19 – 30 years.
  • Great Conversion Options – Including conversion credits
  • Accidental Death Benefit
  • Child Rider
  • Terminal Illness Rider
  • Waiver of Premium Rider
  • High-Risk Underwriting through Table “H”

Consumer Approved Brochure – Corebridge Select-A-Term Life Insurance

Guaranteed Acceptance Whole Life Insurance

Corebridge Financial offers a Guaranteed Acceptance Whole Life Insurance (GIWL) policy.

This type of whole life insurance policy has no medical underwriting.

  • Face Amounts from $5,000 – $25,000
  • Issue Ages 50 – 80
  • There are no health questions
  • No medical exam required
  • Required premium payments stop at or before age 90.
  • You can not be turned down for health reasons
  • One Page Application
  • Graded death benefit:
    • Years 1 & 2 = 110% of premiums paid.
    • Year 3+ is full face amount less any outstanding policy loans.
    • Accidental Death – Full Face Amount
    • In the Event of Suicide – Full Premiums Refunded
  • Premiums are level and are guaranteed not to increase during the policy’s life.
  • Replacements of existing insurance are not allowed.
  • Chronic Illness Acceleration Benefit – Not available in all states
  • Terminal Illness Benefit – Not available in all states

Other companies offering this type of policy include Transamerica and Wellabe.

The application process is online and takes about 15 minutes.

This policy is an excellent life insurance policy for high-risk health issues when looking for a small policy.

Guaranteed Issue Consumer Brochure

Depending on your health, we would also compare this to small whole-life policies offered by Foresters or Great Western Insurance Company.

Secure Lifetime GUL 3

Guaranteed universal life insurance is available with the Secure Lifetime GUL3.

The death benefit can be guaranteed regardless of the policy’s cash values, assuming you have paid the required premiums.

  • Minimum Face Amount – $100,000 ($50,000 for ages 50-80)
  • Issue Ages – 18-80
  • Policy Loans against the cash value
  • Cash value withdrawals may be available after the 5th year.
  • Accidental Death Rider
  • Child Insurance Benefit Rider
  • Enhanced Surrender Value Rider
  • Accelerated Access Solution Rider
  • Lifestyle Income Solution Rider
  • Terminal Illness Rider
  • Waiver of Monthly Deduction Rider

Consumer Approved Brochure – Secure Lifetime GUL 3

Max Accumulator+ III Index Universal Life

Index universal life insurance protection allows the tax-deferred accumulation of cash values.

Cash values may be used for supplemental retirement planning, college funding, or cash emergencies in future years.

  • Minimum Face Amount – $50,000
  • Issue Ages – 18-80
  • Choice of Level or Increasing death benefit
  • Policy Loans against the cash value
  • Cash value withdrawals after year one may be available
  • Accidental Death Benefit Rider
  • Children’s Insurance Benefit Rider
  • Terminal Illness Accelerated Benefit Rider
  • Waiver of Monthly Deduction Rider
  • Waiver of Specified Premium Rider
  • Overloan Protection Rider
  • Income for Life Rider
  • Select Income Rider
  • Early Cash Value Rider
  • Dollar Cost Averaging Rider
  • Accelerated Access Solution Chronic

Consumer Brochure for Max Accumulator+ III

The Max Accumulator+ II index universal life policies have full illustrations for each product.

The illustrations are essential as they offer insight into how your premiums provide guaranteed and non-guaranteed features important to each type of policy.

Other companies offering index universal life policies include AuguStar Life, Lincoln National, and John Hancock.

Value+ Protector III Index Universal Life Insurance

Value+ Protector III index universal life insurance protection offers value-priced life insurance with volatility control and cash value access.

Highlights include:

  • Minimum Face Amount – $50,000
  • Issue Ages – 18-80
  • Choice of Level or Increasing death benefit
  • Standard and Preferred policy loans
  • Accidental Death Benefit Rider
  • Children’s Insurance Benefit Rider
  • Select Income Rider
  • Dollar Cost Averaging Rider
  • Overloan Protection Rider
  • Terminal Illness Accelerated Benefit Rider
  • Waiver of Monthly Deduction Rider
  • Accelerated Access Solution Rider
  • Protected Premium Rider

Consumer Brochure for Value+ Protector III

You have many choices with Corebridge, and we’ll help you determine what type of life insurance and how much life insurance you need.

Request your free, no pressure, no obligation quote today.

Does Corebridge Financial Provide Good Customer Service?

Corebridge Financial has good customer service and is available via phone or online.

You may reach Corebridge Financial at 800-888-2452 with questions about your policy.

You may also access policy information online.

Corebridge Financial login – Client Access (a new window will open)

Address: 2727-A Allen Parkway – Houston, Texas 77019

Final Words

Corebridge Financial is a great company to consider for your life insurance.

Please submit your quote request today.

We’ll provide quotes from Corebridge and competitors so you may see which company is best for you. Thank you.

Other Companies Reviewed

American General Life Insurance Company (AGL) policies are issued except in New York, where The United States Life Insurance Company issues them in the City of New York (US Life).

Issuing companies AGL and US Life are responsible for the financial obligations of insurance products and are members of American International Group, Inc. (AIG).

Products may not be available in all states, and product features, including rates, may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company.

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