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Home / Insurance / AIG Life Insurance Review 2020 // Go directly or with an agent

AIG Life Insurance Review 2020 // Go directly or with an agent



Advantages

  • Higher average approval rate
  • Electronic application
  • Policy delivered by e-mail
  • Good prices for diabetics
  • Lengths that are not standard

Disadvantages

  • Number of forms to fill Out
  • Very Low Levels Of Customer Service
  aig life insurance reviews

I'm a huge advocate for the alternative without medical life insurance; however, there are some situations where the "no physical examination" option is excluded and a fully signed option is best.

Especially if you have pre-existing conditions such as diabetes or need more than $ 1 million in life insurance.

The best way to speed up the insurance process is to get your exam completed as early as possible so that your results get back to the insurance company faster.

If you need the most affordable prices and are fine with a two to three week turnaround, then the best answer is to get lifelong insurance and coverage from AIG.

Who is AIG Life Insurance?

American International Group or AIG Life was founded in December 1919 which makes It is 100 years old.

The age of an insurance company is significant because it shows that they are not going anywhere and have a life expectancy.

  aig life insurance

Operating in more than over 80 countries, AIG [19659022] Life insurance company has a rating of A (Excellent) from A.M. Best.

Life insurance made it easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unmapped, expert advice.

Get impartial insurance training from licensed experts and also avoid dumgy sales calls.

Why Should You Care About A.M. Best?

I like to think of A.M. Best as the insurance industry's JD Power, they have been around for over 117 years.

They rate companies based primarily on their financial strength, which can be an indicator or ability to pay benefits.

Requirements for ability to pay "in ordinary English" : The ability of a life insurance company to pay out on an insurance policy.

  am best

What makes them different?

What makes AIG Life Insurance Company different is that they are one of the oldest insurance companies and paid back over $ 182 billion to the US government after a payment in 2008.

Along with being financially sound, they have some of the most affordable life insurance rates and very flexible insurance requirements. [19659037] AIG offers up to $ 10 million in life insurance coverage with a short online application and flexible life insurance options.

As we have said above, they have a much faster application for application approval and they also have AIG Direct Product.

What is AIG Direct Life Insurance?

AIG wanted to create a solution that would enable its customers to purchase life insurance directly from them.

This product became known as AIG Direct.

  aig direct life insurance

The products still work in the same way and the main difference is that AIG Direct allows you to apply for life insurance directly online and uses a call center instead of independent agents.

Other AIG products are usually sold through life insurance agents.

The policy options you have through AIG Direct Insurance are exactly the same products that insurance agents offer.

This means the only difference between AIG and AIG Direct is that you get to choose whether you want to work with an agent or not.

AIG is with an agent and AIG Direct is without an agent.

Although agents can meet with you in person if they are local and help answer more questions, there is no price difference in quotation with AIG Direct or with an AIG agent so the choice is 100% up to you. [19659050] How does AIG life insurance work?

AIG focuses on affordable life insurance levels with solid insurance for people who are generally in good health.

Their life insurance process works like this:

Electronic Application

The application process is electronic, simple and short, it usually takes less than 5 to 10 minutes to fill in all the information and submit your application.

Fast Underwriting

The AIG underwriting process is a bit faster than most insurance companies

Once you have completed the electronic application, you can usually have your approval within a week or less.

Policy is delivered by e-mail

Once your policy has been approved and issued, you will receive a copy of it directly to your e-mail address.

This is good because you do not have to remember where you left your policy and always have easy access to it.

What does AIG Life Insurance cover?

AIG Life offers a few different policy options for you to choose from.

Each policy has coverage options ranging from $ 100,000 to $ 10,000,000.

10 years Life insurance policy

The ten-year option for life expectancy will cover you for ten years before it is time to buy a new insurance policy.

This policy will be the cheapest option with low pricing and will be best for people looking at both their short term and long term needs.

The amount of life events that can happen in ten years is massive and being prepared for them is very important.

A ten-year period is a good starting point and locking in your low interest rates will be crucial.

15-year life policy

The fifteen-year life option will cover you for 15 years before you have to buy a new policy.

This policy will be the second cheapest and best for people who are in the middle of life events such as having a child or changing jobs.

20 years of life insurance policy

The life policy of twenty years is the second most expensive of the four; but it will still be very affordable.

This term length will be best for someone who is very focused on their future and wants to be covered for the longest time with the maximum savings. [19659014] The longer a policy's length, the more expensive it will be at the forefront. but the more savings you will get over time.

If you know what you want and can afford the twenty year old option, I would suggest you go with the 20 year old option.

30 years of life insurance Policy

The life policy of thirty years will be the most expensive of the four; but it will still be affordable.

This term length will be best for someone who is focused on their future and wants to be covered for the longest time with the maximum savings.

The longer the length of a policy, the more expensive it will be from above. but the more savings you will get over time.

If you know what you want and can afford the alternatives of the thirty year period, I would suggest you go with it.

It is a really good alternative if you have just bought a home.

Term Lengths Between

AIG, unlike most insurance companies, has a product that allows you to actually choose a specific length between 15 and 30 years.

Essentially, you can have a 16-year term policy.

All Cause Death Benefit

All of these insurances will pay out for all types of deaths from accidental death, terminal illness, critical illness or chronic illness.

With all insurances, there are some limitations so make sure you read the policy for things that are not covered.

Life insurance easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Disoriented, expert advice.

Get impartial insurance training from licensed experts and also avoid dodgy sales calls.

AIG Choose your own term

Unlike any other life insurance company out there, AIG offers its customers the opportunity to choose their own length.

You can choose any length between 15 and 30 years.

  aig choose a term

This is great because it allows you to really tailor your life insurance options to your current and future life insurance needs.

This coverage is good for working mothers or entrepreneurs and even protection after retirement.

You have the option of choosing a 17-year period or even a 23-year period, whichever option works best for you and your family. [19659014] This option is not available from any other insurance company.

Most companies offer only 10, 15, 20 and 30 year options.

AIG Life Insurance Products

One of their primary products is their OPTerm Life product which we detail below:

Select-A-Term

The Select-A-Term product has a very competitive warranty for a range of health conditions as well as adaptable terms between 15-35 years as we discussed above ..

They offer a medical option for ages 20-59 and face amounts between $ 50,000 – $ 99,999.

However, this is well below the $ 500,000 average range for most companies.

You can also convert this policy to a full life policy by following the guidelines below:

The policy is convertible until the earlier end of the term or until the age of 70

Some of the optional riders available is:

Child Protection Rider – Provides life insurance coverage for all eligible children from 15 days to 19 years.

Waiver Of Premium Rider – If you become completely disabled as a result of a qualifying event, prizes will be canceled (after a 6 month waiting period). The rider stops at age 65.

Accelerated Death Benefit Rider – You can accelerate up to 50% of the death benefit (up to a maximum of $ 250,000) if you have been diagnosed with a qualified terminal illness

Rider for Death Benefits at death – Pays an extra death benefit on top of the police death benefit if the death was due to qualified accidental injuries.

It may be more affordable to purchase a separate death insurance policy.

ROP Select-A-Term The

ROP Select-A-Term product works in exactly the same way as a select-a-term product with one exception.

If you live past the term of your premiums that you paid for the insurance will be refunded to you with a one-time payment.

Think of it as a savings account with free life insurance.

AIG Life Rates & Comparisons

Just to give you an idea, below I wanted to compare the life of AIG with some of the best life insurance Nce companies.

A 20-year, 500,000 term policy for a 30-year-old man in perfect health and a non-tobacco user, see results below:

As you can see, AIG's rates are more affordable than most insurance companies.

If you want the lowest price and the best value, the Select-A-Term product is your best option.

How AIG's claims requirements work

With AIG you can download their claims package (Pdf) from their website.

You can also call them directly at 800-888-2452.

Their claim process seems to be very easy, once you have submitted the claim they will start the initial claim process.

Are there any exemptions from claims

There are some exceptions when you pay out a life insurance claim.

Exclusions include deaths from suicide (within the first two years of coverage), which is standard for almost all life insurance policies

As always, please read the policy specifications when they arrive at the post office. however, there are some general exceptions that are the industry standard for most insurance policies.

AIG accessibility and policy options

To qualify for the AIG Term life insurance policy, you must:

  • Be a US citizen or permanent resident between the ages of 20 – 80
  • Looking for flexible term options over 10 years [19659135] Need between $ 100,000 to $ 10,000,000 in coverage
  • AIG Life is available in all states

Life insurance easily.

is required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unoriented, expert advice.

Get objective insurance training from licensed experts and also avoid dumgy sales calls.

How to Take Action

No other AIG life insurance reviews are as long as mine; but I wanted to make sure I gave as much information as possible.

If you have been buying life insurance for any reason, I say give the 30-day free look period a shot.

With their faster than regular insurance process, you no longer have to be afraid to buy the life insurance process.

And guess what, if you are not eligible for the accelerated insurance process which is perfectly fine, you will still be able to get the lowest rates when you finish an exam.

Just click the link below to get started.


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