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.
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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.After you’ve answered the questions and submitted your response, we’ll let you know straight away if we can insure you. In fact, all you need to do is complete an online application that takes around eight minutes - we don’t need any medical evidence either. There are fewer questions than usual for this type of cover. Instant Life Insurance makes getting insured even quicker. We recommend reviewing your cover every few years to make sure it’s still right for you. You always have the option to not accept an increase, but if this is the case, the amount you could be paid will be reduced to reflect this. Life Start helps you get insured on a lower budget, but it could eventually cost more than a typical plan, depending on how long you keep the cover for (but we’ll let you know how much your premiums will increase every year). Your premiums (the amount you pay every month) are kept lower at the beginning than standard life cover. With Life Start, you’ll be covered for the same scenarios as our life term insurance but we’ll make it easier for you to pay for it. It could be a useful option when it comes to things like budgeting. It covers you for the same scenarios as our life term insurance, but pays out in monthly instalments instead.
Family Income Benefitįamily income benefit is a cost effective way to help your loved ones pay the bills when you are no longer there to help them yourself. We protect you against death and terminal illness until the last day of your policy. Term insurance is a type of life cover that lasts for a fixed period of time (known as a ‘term’) – the payment will be made all in one go. We make choosing the right plan simple with these four options: Term Insurance
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