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I heard the chargeback provision has changed since the original post. For AIG
New Guaranteed Issue Product From AIG
- Thread starter Rearden
- Start date
I heard the chargeback provision has changed since the original post. For AIG
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That's what I was thinking but wasn't sure. I really haven't taken time to look into AIG so I was hoping for the forum to provide my research for me
For AIG: Chargeback for lapses is 25% in months 1-6 and 0% months 7-12, and chargeback on death is 100% in months 1-12 and 50% months 13-24.
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Are they paying advance or any renewals in the industry?
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Isn't Gerber full charge back for 1st 24 months due to death
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So if I wrote a guy a policy the my comp was $100/month and he kept it 4 months (I was paid$400) then lapsed out in month 5 I would be charged back $100 and the other$300 would be mine.
Looks like your saying there isn't a difference in death charge back.
So what is street and the renewals in street
AIG will advance up to 6 months. Sorry, no renewals. Street level is 80%.
100% first year and 50% 2nd year as well as I recall.
Yes, the $300 would be yours to keep. AIG's street level is 80% with no renewals.
