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Legal & Compliance News
July 13, 2017 Visit eStation
Keeping you informed
To help you stay abreast of the latest legal and compliance news from AIG member insurers, we bring you the most current information on product notices and changes, interest rates, commissions and other legal and compliance matters.
New Rates for Select-A-Term

The higher bands on Select-a-Term just got more competitive nationwide and in New York! Check out our new, market-leading premium rates on face amounts of $500,000 and above plus other great news.

Bulletin 17-067 →

Introducing AG Platinum Choice VUL 2

AG Platinum Choice VUL 2 has been re-priced and renamed to offer your clients protection, choice and opportunity for today and beyond. Learn more

Bulletin 17-108 →

Service Times Cut by More than Half

Since our Service Improvement Plan was announced in April, the total number of days needed to process a new application from submission to issue along key touch points has been reduced by more than half. Get details and see what’s next.

Bulletin 17-117 →

Updates to Field Underwriting Guide

Updates to our Field Underwriting Guide, effective June 30, 2017, include fewer electronic search requirements, more robust coverage options for secondary wage earners age 59 or under, and eliminated or reduced routine APS in several age and amount cells.

Bulletin 17-106 →

Update on Commission Issues

One of the key drivers of our Service Improvement Plan is to ensure the accurate and timely processing of commission payments. Please see the bulletin linked below for details about steps we’re taking to improve on this commitment.

Bulletin 17-110 →

Product Portfolio Changes

We are taking the opportunity to streamline our product portfolio by discontinuing products with low utilization. With that, effective September 29, 2017, the following products will be discontinued: AG ROP Select-a-Term, and Elite Index II. Click the following bulletin for details.

Bulletin 17-113 →

Form Update: 4506T-EZ

The Request for Transcript of Tax Return (form 4506T-EZ), which is required when the insured’s age is 18 and older, and the policy face amount is $5,000,001 and greater, has been updated.

Bulletin 17-118 →

Non-PLMA Processing State Update: Alabama

Effective June 16, Alabama will no longer be classified as a Non-PLMA state, and applications will no longer be subject to Non-PLMA processing guidelines.

Bulletin 17-077 →