AIG recently announced they will not charge back due to lapses in the same manner they were before on their GI policy.
Now, if is lapses during the 1st 6 months they will only charge back 25%. After that there are no chargebacks for lapses.
For death though, it's still the same. 100% chargeback for the 1st year and 50% if the client dies within the 2nd year.
Source of insurance-forums.net
Now, if is lapses during the 1st 6 months they will only charge back 25%. After that there are no chargebacks for lapses.
For death though, it's still the same. 100% chargeback for the 1st year and 50% if the client dies within the 2nd year.
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