Yes — a Corebridge indexed universal life policy, including one issued years ago under the AIG or American General name, can be sold in a life settlement when the policyholder and the policy qualify, and the carrier’s permission is not required. The owner of a life insurance policy holds property rights that include the right to sell. At closing the insurer records a new owner and beneficiary. The gating questions are the contract’s economics and the insured’s health, not corporate consent.
Indexed universal life is where those economics most often surprise people. An IUL credits interest linked to an index — typically the S&P 500 price return, dividends excluded — subject to a cap and participation rate, with a floor usually set at 0%. Monthly cost-of-insurance charges, per-thousand charges and rider fees are deducted from account value regardless of index performance, and carriers may lower current caps and raise current COI rates on in-force contracts within guaranteed limits. That is how a policy sold on a confident illustration ends up projecting lapse.
Corebridge Financial is the company formed from AIG’s life and retirement business, which was separated through an initial public offering in September 2022. The issuing company on most individual policies is American General Life Insurance Company, based in Houston, Texas — a name that predates both the AIG and Corebridge branding. Corebridge has offered indexed universal life under names in the Max Accumulator and Value+ families; confirm your product’s current status with the carrier as of 2026. Pine Lake Life Solutions is not affiliated with Corebridge, AIG, or American General.
In This Article
- Three Brand Names, One Contract — Getting the Paperwork Right
- Legacy AIG Universal Life and In-Force Pricing Changes
- Reading Your Statement for the Real Story
- Request the In-Force Illustration on Both Bases
- What Determines the Price
- Weighing Every Option, Including Keeping It
- Getting Started Costs Nothing
- Frequently Asked Questions
Three Brand Names, One Contract — Getting the Paperwork Right
Few carriers have generated more paperwork confusion. A policy bought in 1998 may say American General. One bought in 2012 may say AIG. Statements arriving today may say Corebridge. Underneath, the issuing company is frequently the same legal entity, most often American General Life Insurance Company.
This is not cosmetic. The in-force illustration request, the change-of-ownership form, and the verification of coverage must all name the issuing company shown on your policy, and the service center that handles your block may be different from the one on the current website’s main page. Start by reading the issuing company off your policy cover page. If the trail has gone cold, our guide to tracing a policy after a carrier changes hands and confirming a policy still exists walk through it.
Legacy AIG Universal Life and In-Force Pricing Changes
AIG-affiliated companies were among several large carriers that adjusted current charges on blocks of in-force universal life during the 2010s, and such actions have attracted policyholder litigation across the industry. The specifics differ by policy series and by state, so verify what applies to your contract with the carrier or with counsel rather than assuming your policy was affected.
The mechanism is the part worth internalizing. A current charge increase leaves your death benefit and your billed premium untouched while raising the monthly deduction from account value. The account depletes faster, the projected lapse date moves earlier, and one day a notice arrives asking for a much larger payment. See what a cost-of-insurance increase means for owners.
Reading Your Statement for the Real Story
Four items on the annual statement tell you almost everything. The declared cap or participation rate on each index account. The total monthly deductions for the year. The account value trend across several years. And the projected lapse year, if shown.
If the account value has fallen in a year the index rose, charges are outrunning credits. If the projected lapse year has moved closer with each statement, the policy is on a clock. Neither is a reason to panic, but both are reasons to price your options while the policy is still in force — a lapsed policy is worth nothing to anyone. See the annual statement explained and what to do when a policy is lapsing.
| Name on Your Paperwork | What It Usually Indicates | What to Do |
|---|---|---|
| American General Life | The issuing company on many individual policies | Use this name on all forms and requests |
| AIG / AIG Life | Branding used before the 2022 separation | Check the cover page for the legal issuer |
| Corebridge Financial | Current brand after the September 2022 IPO | Contact through current service channels |
| US Life Insurance Co. in the City of New York | A New York issuing affiliate | New York policies follow that entity’s process |
| Variable Annuity Life (VALIC) | Retirement, not individual life | Different product entirely; not a life settlement candidate |
Request the In-Force Illustration on Both Bases
Ask the issuing company for an in-force illustration on current assumptions and a second on guaranteed assumptions. It is free to you as the owner and it is the foundation of every serious analysis of your policy.
Three figures matter: the lapse year in each column, and the annual premium required to carry the policy to maturity. That premium is the buyer’s carrying cost. It is also your carrying cost, which is why the comparison between keeping and selling becomes clear once you have the document in hand. Use our request script, then read why the illustration matters.
What Determines the Price
A buyer values the policy as the expected net death benefit, minus the projected premiums to keep it in force, discounted to present value at their required return, weighted across the duration range in an independent life-expectancy report. Life expectancy is estimated by medical underwriters from records released under a HIPAA authorization.
Because indexed crediting is uncertain, buyers model IUL near conservative assumptions. That is why the illustrated rate that sold the policy has little bearing on the offer. Age, health, net death benefit and sustaining premium do the work. See how buyers price a policy and what net death benefit means.
Weighing Every Option, Including Keeping It
Reduce the face amount to cut charges. Consider a 1035 exchange if you still need coverage but want guarantees. Surrender if the policy is small and the market has no interest. Ask about a retained death benefit if you want premiums to end while heirs keep part of the benefit. Never let a loaned policy lapse without advice; that can create taxable income with no cash behind it.
For qualifying policies, the GAO’s market study (GAO-10-775) reported typical proceeds of roughly 10% to 35% of face value, several times cash surrender value. When the coverage is still needed and affordable, keeping it is the better answer and any honest review will say so. Compare with our page on selling a Corebridge universal life policy and Corebridge guaranteed universal life.
Getting Started Costs Nothing
Send the policy cover page — issuing company, policy number, face amount, issue date — and request a free policy review. There is no charge and no obligation, and you will get a direct answer on whether the contract is a realistic candidate. Call (305) 209-7183 if you prefer to talk it through first.
A completed transaction usually takes 60 to 120 days, driven mostly by medical record collection and independent life-expectancy reports. Offers come in writing; closing funds are held by an independent escrow agent until the carrier confirms the ownership change; and most states provide a rescission window after funding, so confirm the period that applies where you live. This page is educational only and is not legal, tax, or investment advice.
Frequently Asked Questions
My policy says AIG but my statements say Corebridge. Which is it?
Corebridge Financial is the company formed when AIG’s life and retirement business was separated through an IPO in September 2022. The issuing company named in your contract, often American General Life Insurance Company, is unchanged. Use the issuing company name on all forms.
Do I need Corebridge’s permission to sell?
No. The policy is your property and may be transferred. The carrier records the new owner and beneficiary after closing and does not approve or block the sale.
Is Pine Lake affiliated with Corebridge or AIG?
No. Pine Lake Life Solutions is not affiliated with, endorsed by, or acting on behalf of Corebridge Financial, AIG, or American General Life Insurance Company. The names appear here only to describe the type of policy.
Were AIG universal life policies subject to charge increases?
AIG-affiliated companies were among several carriers that adjusted current charges on some in-force universal life blocks during the 2010s, and such actions have drawn litigation industry-wide. Whether your specific policy series was affected is something to verify with the carrier or with counsel.
Does Corebridge still issue indexed universal life in 2026?
Corebridge has offered IUL under names in the Max Accumulator and Value+ families, but product lines change. Confirm the current status of your specific product with the carrier. An in-force policy from a closed product can still be reviewed for a settlement.
How much could my policy be worth?
There is no fixed percentage. The federal GAO market study found sellers typically received roughly 10% to 35% of face value, often several times cash surrender value. Life expectancy, net death benefit and the sustaining premium drive the actual figure.
What if I cannot find my policy documents at all?
The carrier can confirm whether a policy exists and reissue documents to the owner of record. State insurance departments and the NAIC also maintain policy locator services for deceased insureds. Start with the servicing company using any policy number or the insured’s details you have.
What do I send for a free review?
Only the policy cover page showing the issuing company, policy number, face amount and issue date. There is no cost and no obligation. You can also call (305) 209-7183 first.
Find out what your policy is worth — free, confidential, no obligation.
A 15-minute educational review covers your eligibility, every alternative, and a realistic view of what each path would net you.
Related Reading
- What Is Indexed Universal Life
- Carrier Merged Who Owns Policy
- How To Find Out If A Policy Still Exists
- Cost Of Insurance Increase Lawsuit
- Annual Statement Line By Line
- Policy Lapsing What To Do
- Request In Force Illustration Script
- In Force Illustration Why It Matters
- Sell My Corebridge Universal Life Policy
- Sell My Corebridge Guaranteed Universal Policy
Pine Lake Life Solutions does not purchase life insurance policies and does not provide legal, tax, or investment advice. Information provided is for educational purposes only. Eligibility for any option, including life settlements, is not guaranteed and depends on individual circumstances, policy terms, underwriting, and market conditions. Consult independent legal, tax, or financial professionals before making decisions regarding a life insurance policy.