Power’s 2020 Life Insurance Study, less than average for customer satisfaction. On TrustPilot, AIG sees mixed reviews including a lack of communication and slow claims payments, yet helpful account managers and good customer service. However, these ratings reflect the company’s products overall, not just its life insurance. The Better Business Bureau records low star ratings, citing slow responses and trouble with claims payments. Waives premium payments if you become fully disabled. You can buy additional coverage at specific dates without needing a medical exam. You can buy additional coverage for your spouse without needing a separate policy. Provides temporary coverage for your children up to age 25 and up to a $25,000 maximum. Pays double the death benefit if your death is a result of an accident. You may qualify for a preset monthly portion of the death benefit. Provides an early tax-free payout if you’re diagnosed with a terminal or chronic illness. You can bridge any gaps in your coverage with these common riders: AIG offers 6 riders to customize your coverage If you’re diagnosed with a terminal illness, you can advance up to 50% of the death benefit for end-of-life expenses - minus an administrative fee. This guaranteed-issue policy means that you won’t need a health questionnaire or medical exam.ĪIG also stands out with living benefits, rare for final expense policies. Seniors ages 50 to 85 qualify for AIG’s burial insurance with coverage ranging from $5,000 to $25,000. It offers lifelong protection without a medical exam and builds cash value at a fixed interest rate. The insurer offers a guaranteed issue whole life policy with $5,000 to $25,000 in coverage and no medical exam for those ages 50 to 85. You’ll build cash value with investment portfolios or indexes like the S&P 500. Unlike many insurers, AIG sells seven universal life insurance policies offering flexible premiums and death benefits. You can convert your policy to a permanent plan before age 70. AIG’s term life policy, Select-A-Term, offers temporary coverage for 18 term level options from 10 years to 35 years. AIG offers term and permanent life insuranceĪIG issues a variety of options for term and permanent life insurance. The exception is that The United States Life Insurance Company issues policies for AIG in New York City.
As you finalize your paperwork and set up your online account, you may see American General pop up as your life insurance company instead of AIG.
From AIG’s individual life insurance page, click Get A Quote for the type of policy you are interested in.
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How to get a quote from AIG life insuranceĪIG Direct sells policies directly to customers online or by phone at 80, whereas other AIG policies are sold through life insurance agents. For example, men who are 6ft get the best rates with a weight from 137 lbs to 217 lbs. You must prove that you haven’t touched tobacco over the past five years. If you’re not age 60, a cancer diagnosis or another impairment may disqualify you for preferred rates. Your parents can’t have a history of coronary artery disease or cancer before age 60. You shouldn’t have DUIs, suspensions or reckless driving within seven years. For an HDL ratio of 4.5 or below, your cholesterol should be under 290. If your HDL ratio is 5.0 or below, your overall cholesterol must be under 215. Your reading should be 140/85 until age 60 or 150/85 if you’re over age 60. To get the best rates with AIG, you’ll need to be classified as Preferred Plus, which means you’ll need to meet its strict requirements: AgeĪIG considers multiple health factors when calculating your rates. AIG’s rates are on the pricer side, with all rates being higher than average for a policy of this size and term length. We pulled 2021 samples rates from AIG’s online quote tool for a $500,000, 20-year term life policy for a healthy man and woman. All international money transfer services.Best debt consolidation loans of September 2023.
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