AIG Life Insurance Underwriting Considerations for Family History

American General Life Insurance Underwriting Considerations for Family History

Deciphering how life insurance carriers determine your final rating class is never easy. Many factors are taken into consideration, including your family’s medical history. If your parents and/or any brothers or sisters have suffered from a serious medical condition, there is unfortunately a greater chance that you develop them as well. The life insurance carrier is not concerned if your mother broke her leg playing tennis when she was 18; they are looking for inherited conditions such as coronary heart disease, stroke, cancer or diabetes. If an immediate member of your family has had any of these serious conditions, your rating class may be affected.

As of today, in order to be considered for American General’s best possible life insurance rate class, your parents should not have a history of or have died from coronary artery disease or cancer prior to age 60. If you are age 65 or older, American General will not take family history into consideration during the underwriting process.

At Pivot we realize that the amount of information required by a carrier’s underwriters can be overwhelming. We are here to help you navigate the rate class determination by making this process as easy as possible for you. When you have questions or just need clarification, the PivotCare team is always at your disposal. Please do not hesitate to contact us for further details.

The information above regarding life insurance underwriting guidelines is subject to change.