Most of us would agree that simpler is better, and for AIG, nothing could be more true. Last week’s launch of two new IUL products is the first step in streamlining their product portfolio and includes the launch of Life to the Max, AIG’s new consumer facing educational platform focused on the supplemental retirement and IUL market. These are all live today, so read on for the details, then jump into WinFlex and Life to the Max to take a test drive!


Life to the Max

Clients buy products and strategies they feel comfortable with, and there is no better way to help client understand the supplemental retirement space than with a good “story”. AIG’s new sales and consumer education platform, Life to the Max, provides a track for producers to run on when selling IUL, as well as a “leave behind” that the client can use to explore the topic further. Even better: Life to the Max will eventually unlock all sorts of additional resources, like illustrations, electronic application processes and streamlined underwriting. Life to the Max features include:

  • Educational, interactive website for use by agents during client meetings
  • No user ID or password required
  • Works on any internet enabled device
  • Provides education on potential challenges to a successful retirement
  • Interactive scenarios/solutions to address the potential retirement challenges

Take Life to the Max for a test drive by following this link!

Max Accumulator+The Max Accumulator is the new flagship accumulation focused IUL from AIG, and it is packed with the modern features that are going to tell a different story than just about any other IUL out there, including:
  • Guaranteed Income for Life Rider: With no charge until the client elects the option in the accumulation phase.
  • Select Income Rider: Spreads the death benefit over a series of payments to make the product a more efficient accumulation and income option.
  • Updated Chronic Illness Rider without permanency requirements (details below)
  • Four indexing options to match any market or economic conditions

Value+ Protector

The Value+ Protector is an update to the Value+ IUL that was introduced in 2015. This protection focused Indexed UL offers guarantees out to as long as age 121, as well as the following elective features:

  • Select Income Rider: Spreads the death benefit over a series of payments to make the product a more efficient accumulation and income option.
  • Lifestyle Income Solution: Allows for acceleration of death benefits for retirement income
  • Updated Chronic Illness Rider without permanency requirements (details below)

Accelerated Access Solution

AIG’s Chronic Illness Rider has been updated to REMOVE the permanency requirement that is embedded in so many other Chronic Illness Riders. This new version of the rider is available on:

  • Max Accumulator+
  • Value+ Protector
  • Secure Lifetime GUL 3

Training Resources

AIG has scheduled a series of training sessions to help us all get up to speed on the new products and Life to the Max. Links for the schedule and additional details will be published soon.

Transition Rules

Max Accumulator: Replaces Elite Index ® II

  • Applications received on or before June 17, 2016 will automatically receive the Elite Index II IUL rates and features unless the new Max Accumulator+ IUL or the Value+ Protector is specifically requested.
  • Applications received after June 17, 2016 will be given the choice to receive the Max Accumulator+ or Value+ Protector rates and features.
  • Any state currently not approved will receive a minimum transition period of 45 days.
  • Reissue requests to new plan will not be honored.
  • New applications submitted to replace existing inforce coverage with the new rates will not be honored within 90 days of the existing coverage going inforce.
Value+ Protector: Replaces Value+ IUL:
  • Value+ Protector replaces the Value+ IUL in those states where it is approved.
  • Applications received on or before June 17, 2016 will automatically receive the Value+ IUL rates and features unless the new Value+ Protector is specifically requested.
  • Applications received after June 17, 2016 will automatically receive the new Value+ Protector rates and features.
  • Any state currently not approved will receive a minimum transition period of 45 days.
  • Reissue requests to new plan will not be honored.
  • New applications submitted to replace existing inforce coverage with the new rates will not be honored within 90 days of the existing coverage going inforce.
For additional details, please see the formal announcement from AIG or the AIG Product Bulletin.