I'm here to fill you in on the dark side of American General Life Insurance.
YES … of course they are a fantastic life insurance company with a great reputation, but I'll show you why they might not be for you!
Let's take a deep dive to see how they face their competitors.
I'll reveal some known insider information about American General Life Insurance insurance that will show you when they do NOT fit.
Looking for some quick answers? Check out these links to save some time:
American General Life Insurance Company
American General Life Insurance is an amazing company!
Yep, you heard me right – and this may sound a little strange after my introduction – BUT The American general has a strong financial foundation that we will show you below and:
- they have 160 years of experience in the life insurance arena
- some of the most reasonable prices
- we have sold hundreds of their insurances and know the ins and outs of their insurance
- they have some fantastic drawing niches!
That's good – so American General is the company for me! … yes, not necessarily.
99 times out of 100, the company with the best for you is NOT the one with the lowest quote, but the company that approves you for the best health classification.
In a nutshell, that means the US general may be the right insurer for you – OR there may be a better fit for your particular circumstances.
The secret to getting the lowest prices is to work with an independent agency such as Huntley Wealth. We find the best life insurance company for your specific needs – which means you will enjoy the cheapest premiums!
Is American General Right For You?
American General excels at:
- Choose a term
- 19659016] Diabetes
- Some heart problems
- Sleep apnea
- Medical and recreational use of marijuana
- Life benefits riders
RELATED: 5 Critical Tips You Must Know Before Buying Life Insurance
Where American Generals Are Usually Not Best:
- If You Have Incomplete Tests and Procedures
- Drug and alcohol treatment (last 24 months)
- Several DUIs (last 5 years)
- Mental disorders
- Gastric bypass
- Military deployment in specific regions
- New bankruptcy (less than 2 years)
- Smoking (other than cigars & marijuana)
American General Company Ratings 19659046] What would American General Life in security review complete without looking at their ratings?
- A. Best Economic Strength : A
- A.M. Best Publisher Credit : a +
- Standard & Poor & # 39 ;s Financial Strength : A +
- S&P Emittent Credit : A +
- Fitch Overall : A +  Moody & # 39; s Overall : A2
Always remember name recognition and financial ratings are not necessarily synonymous.
Before you decide to make a long term investment with any company, you need to know if they are financially stable.
Why do you care?
Well, I'll tell you why! If they are not, they may not be able to make good on your beneficiaries' claims when you die.
The good news is ALL life insurers are rated by financial rating companies.  This means that with a little homework you can easily determine the financial integrity of the institution you are considering buying insurance from.
Before logging in on the dotted line, make sure the life insurance company you choose is at the top of the pile
Existing health conditions?
AIG Direct specializes in insuring people just like you. From high blood pressure to diabetes, AIG Direct has seen everything and since they have access to several companies, they can find the absolute lowest prices! Click below to see if you qualify.
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Will your insurance company be able to pay out when the time comes?
Each company is classified according to the strength of how it manages its assets . This gives you an idea of how the insurer is managed and whether they will be able to maintain their financial stability for the immediate future.
The concept of using credit rating agencies to assess the level of risk associated with a debt arose around the beginning of the 20th century when three major credit rating agencies were formed. Although additional rating agencies were formed in recent years, the original credit rating agencies – Fitch, Moody & # 39 ;s and Standard and Poor & # 39 ;s – are the most prominent. History of Credit Institutions and How They Work, Kalen Smith, Money Crashers
NOTE: You may be aware that the US General has gone through some difficult economic times. In 2008, they had a liquidity crisis and received a rescue from the government for 180 billion dollars! NOW it seems like a warning. Thankfully, they repaid their loans and have a great financial foundation. No worries here!
US General Providence Quote
I imagine that the main reason you are looking for a US general insurance policy is to see if they are your best bet money.
So how does US General Life Insurance compare?
One of the most important considerations for families is affordability, so I will explore this with you in more detail.
But before I do, I would like to warn you – Most companies do not issue quotes.
The truth is known, they would like to obtain your personal information.
I do not agree with this method. Everyone should be able to get a quote for ballpark without talking to an agent. With this in mind, I will share some real-time awards with you from the US General and two of their competitors.
Please note that these quotes are simply for your reference, they are not an insurance offer.
RELATED: Checking Trial Insurance Rates By Age (No Personal Information Required)
Your Premiums Will Be Based On Your Personal Relationships
Unfortunately I See Many People Add Too Much Stock In The Prices They Find on-line. Always remember that in order to receive the listed prices, you must complete an application and take a medical examination (usually) to to see what you qualify for based on your personal circumstances.
Using Banner Life and Protective for comparison, I generated a quote for a 40-year-old of both sexes seeking 30 years of life insurance for $ 100,000, $ 250,000, $ 500,000 and $ 1 mile in coverage with different health categories.
This gives you an insight into how much you will pay for life insurance AND how much your personal circumstances will encounter your premiums!
Term Life Insurance Courses Banner Life Insurance
Age $ 100,000 $ 250,000 $ 500,000 $ 1 Million 40 Years Old Male Smoker, Standard $ 64.57  $ 146.34 $ 280.00 $ 551.25 40 Year Old Female Smoker, Standard $ 53.11 $ 106.88 205.62 $ 399.00 $  40 year old woman, preferred $ 16 .89 $ 29.95 $ 52.94 $ 95.81 40 year old man , preferred $ 21.61 $ 35.22 $ 63.00 $ 120.75 40 year old female, Preferred Plus  $ 14.87 $ 25.59 $ 44.63 $ 80.94 40 year old male, Preferred Plus $ 18.20 $ 30.41 $ 55.26  $ 105.27
(Life insurance rates based on 30 year guaranteed level period, as of 6/21/17, subject to change)
Life insurance rates Am erican General
Age $ 100,000 $ 250,000 $ 500,000 $ 1 million  40 year old male smoker, Standard $ 77.59 $ 155, 40 $ 278.44 $ 550.49 40 Year Old Female Smoker, Standard $ 57.44 $ 105.66 $ 203.62 $ 396.52 40 year old woman, preferred $ 18.25 $ 29.97 $ 53.11 $ 96.36 40 year old man, preferred  $ 22.84  $ 36.46 $ 65.65 $ 124.04 40 year old woman, Preferred Plus $ 16.69 $ 25.43  $ 45.33 $ 83.39 40 year old male, Preferred Plus $ 20.33 $ 30.40 $ 55.27 $ 102.42
(Life insurance rates based on 30 year guaranteed level, per 6/21/17, subject to change)
Life insurance rates that protect  Age
$ 100,000 [1 9659084] $ 250,000 $ 500,000 $ 1 million 40 year old male smoker, Standard $ 77.61 $$ 163.41 $ 321.61 $ 635.43 40 Years old female smoker, Standard $ 58.65 $ 127.57 $ 249.66 $ 491.15 40 year old female, preferred $ 17.93  $ 31.08 $ 52.59 $ 97.87 40 year old male, preferred $ 21.69 $ 37.62 $ 65.41 $ 121.66 40 year old female, Preferred Plus $ 16.41 $ 25. 36 $ 44.25 $ 80.42 40 year old male, Preferred Plus $ 18.91 $ 30.48 $ 53.14 $ 101.70
(Life insurance rates based on 30 year guaranteed level, from 6/6 / 17, subject to change)
Skip the needles!
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The quote is fast, easy, and free!  How does the American General compare?
In terms of terms, American General Life Insurance has some of the most competitive rates in the industry . This company is consistently ranked in the top 10 for lowest prices in relation to life insurance for both men and women.
… BUT remember, American General Life Insurance does not beat the competition on a number of medical and circumstances.
That being said, let's take a look at some examples of the price differences between these three fantastic carriers now:
Male smoker average health – $ 500,000 coverage (per month)
- American general – $ 278.44
- Banner – $ 280.00
- Protective – $ 321.61
Non-smoker preferred – $ 500,000 coverage (per month)  American General– $ 65.65  Banner – $ 63.00
- Protective – $ 65.41
Non smokers plus – $ 500,000 in coverage ( per month)
- American General – $ 55.27
- Banner – $ 55.26
- Protective – $ 53.14
American May or maybe Is NOT right for you!
Hmm as you can see the prices are not that different when it comes to American General Life Insurance, Banner & Protective!
You may have noticed that Protective punishes smokers, so you will not consider them if you do, but except that the prices are very close.
Aha! It seems that the American general fits well – what are some pens on the dollar?
Not so fast buster! What about American General rates you preferred at $ 65.65 per month and Banner rates you preferred plus $ 55.26 per month? – and the savings can be MUCH more than this.
Most of your savings depend on your agent knowing the strengths and weaknesses of the companies he or she is dealing with.
… And do not forget! GENDER COUNTS
- AIG : Female smoker with standard health – $ 396.52 per month – $ 1 MIL coverage
- AIG : Male smoker in standard health – $ 550.49 per month – $ 1 MIL coverage
You pay $ 55429.20 More than 30 years term
As you can see, warranty THE MOST IMPORTANT part of the life insurance process when it comes to your wallet . Your premiums change radically with your rating.
The interesting thing is that each life insurance company has its own guidelines and they vary considerably. That's why it's so important to:
Leverage your agent's expertise and ability to shop for the best policies. The key is to make sure you get quotes from several companies, not just one. This is especially important for high-risk cases, as health damage can be reviewed differently from one carrier to another. 7 tips for buying life insurance with an existing permit, nerd wallet for NASDAQ
American General (vs. Banner vs. Protective) Underwriting
For this example, I will compare Banner Life & Protective with American General with the following 5 factors:  American General Life Insurance
- Height / Weight Ratio : A man who is 5 & # 39; 10 ″ tall can weigh between 130 – 205 pounds.
- Tobacco use: No tobacco use for 5 years.
- Blood pressure: From the ages 0 – 60 blood pressure not higher than 135/85, from ages 61 + blood pressure not higher than 140/85.
- Cholesterol HDL ratio: If the ratio is less than 5, 215 cholesterol level, If the ratio is less than 4.5, 290 cholesterol level.
- Family history: There must be no coronary heart disease or cancer before the age of 60 (parents only).
Banner Life Insurance
- Height / weight ratio : A 5 & # 39; 11 ″ Male cannot have a weight greater than 201 pounds.
- Tobacco use: No use of nicotine or nicotine-based products in the last 36 months. One cigar allowed per month with HO test negative for cotinine.
- Blood pressure: Must be checked well with or without treatment with average readings over the last two years, not higher than 136/86.
- Cholesterol: 120-300 with or without treatment. Must not exceed 4.5 with or without treatment.
- Family history: No cardiovascular disease in either parent or sibling before 60 years of age. CAD ignores applicants over the age of 70 who do not use tobacco. Cancer is no longer a factor that prevents consideration of preferred classes.
- Height weight: 5 "11": 201 pounds maximum weight
- Tobacco use: No nicotine use in the last 5 years (urine-nicotine-negative). Allows up to 6 celebrating cigars in the last 12 months if use is allowed upon application and / or medical examination and current urine tests are negative for nicotine.
- Blood pressure: Average from current medical examination and history reading over the past year does not exceed 135/85 to 60 years or 140/85 between the ages of 61 – 70. Treated blood pressure must have been checked for 1 year with favorable APS -readings throughout the year.
- Cholesterol: Total cholesterol not more than 275 including treated cholesterol and cholesterol / HDL ratio is 4.5 or lower.
- Family history: No history or death from cancer *, heart disease or any heart-related condition, of either natural parent or siblings before 60 years of age. Waiver if the applicant is 60 years or older unless both natural parents died of one of the same prevailing deteriorations before the age of 60.
* Family history cancers are limited to tho se types that clearly show a genetic predisposition, ie breast, colon, prostate, ovarian hair, melanoma, lung cancer
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Summary of American General Life Underwriting
The good news is American General Life Insurance is a competitive company for the following areas:
- If you smoke single cigars, this company is for you. They do not punish satisfaction.
- They are known to be milder when it comes to medical and recreational smoking marijuana.
- Do you have type 2 diabetes? We have found that they work well for customers who have this problem under control.
- Are you a pilot or do you travel a lot? Well, AIG is worth thinking about because they are soft in this area.
Stay away from this carrier if you:
- Smoke cigarettes – your prices will be higher with this carrier
- Have uncontrolled diabetes
- Recently got a DUI
- Have a mental disorder  Had a gastric bypass
In summary, American General is a solid company with many positive insurance niches …
… but this short assessment only scratches the surface. There are so many other conditions and situations where US General can NOT be the carrier for you.
That's why you should always consult an independent life insurance agent . Contact Huntley Wealth to find the best life insurance that suits your health situation.
What products does the US General offer?
- Quality of Life Products
- Guaranteed Issue Whole Life
- Universal Life
- Variable Universal Life
- Accident and Health
Let's take some time to review American General's life insurance products in more detail:  American General Term Offerings
If you are not familiar with the term life insurance, let me just say that it is the most affordable form of life insurance available. Term only provides death benefits, so eliminating the cash value accumulation function really lowers the cost.
Here is AIG's offer!
US General differs from most other life insurance companies. they give you the opportunity to choose a specific term! This is a truly customizable life insurance that my friends offer.
The days to pay for life insurance you do not need are over.
This is a product that really shines because most companies offer specific time periods such as 10, 15, 20, 25 or 30 years. But AIG offers 17 time periods that allow you to really customize your plan.
AG Return On Premium (ROP) Select –A – Term
This policy is essentially the same as choosing a term that offers a bonus! If you survive until the end of the policy, you have the opportunity to get the premiums back tax-free.
Yes, you heard me right. This option is called " Return of Premium " or " ROP ".
AIG Quality of Life Insurance Products
AIG's Quality of Life Products are unique in that they provide you with a range of options beyond traditional death benefits.
Chronic and critical illness will become a reality for many of us, requiring funds for living needs . This policy takes into account all of this including future healthcare costs, retirement and other life events.
Life Insurance Guarantee Quality YELLOW II
It is valuable guaranteed life insurance that can help you meet your needs wherever you are in your life journey.
The QoL Guarantee Plus YELLOW II guarantees the death benefit – regardless of the cash value of the police – provided that the required premiums have been paid.
QoL SelectChoice II Accelerated Benefit Riders may also provide an advance on your policy's death benefit to cover the cost of care, recover lost income or any other purpose if you suffer from a qualified chronic, critical or terminal illness or condition.
They also guarantee a minimum accelerated benefit based on your policy and your condition. .
Quality of Life Performer Plus
An affordable universal life insurance policy that can provide a guaranteed death benefit for 25 years or up to 80 years of age. – depending on which comes earlier – plus the possibility of accumulation.
Flexibility allows you to make policy changes if your needs change in the future. Optional features and benefits also allow you to customize the policy to suit your specific needs.
Quality of Life Flex Term
Differs from many other term products by offering built-in, free Accelerated Benefit Riders that can help financially with a qualified chronic, critical or terminal illness.
QoL Flex Term is an attractive value when purchased as a stand-alone policy; however, you can also combine a QoL Flex Term policy with a qualified UL policy to strengthen your protection.
If you choose to "collect" these policies, you will qualify for the QoL Advantage program. This program gives you lower premiums and fee reductions on eligible Universal Life policies.
Quality of Life Max Accumulator
QoL Max Accumulator + builds cash value that you can access in a number of ways. Its potential for cash accumulation is usually greater than a traditional universal life policy, but is protected against market downturns.
This is because an IUF policy offers the potential for credit interest, partly based on a stock market index. 1
QoL Max Accumulator + also includes built-in accelerated drivers in a qualified chronic, critical or terminal illness plus an optional rider for additional resources for qualified chronic illness. *
AIG Universal Life Insurance Products
American General Life also offers an impressive range of universal life insurance products.
Customers can choose from a variety of options for a variety of personal and business situations, including:
AG Secure Survivor YELLOW II®  Qualified adults aged 50 to 75 can help protect their assets and businesses from property taxes with AG Secure Survivor YELLOW II.
The policy guarantees east benefit protection and flexibility to make partial withdrawals while maintaining benefits.
Elite Global Plus II®
Elite Global Plus II offers death benefit protection along with the ability to build cash value based in part on performance of global indices, including the S&P 500, EURO STOXX 50 (Western Europe) and Hang Seng (Hong Kong) Index.
Secure Lifetime YELLOW 3®
Secure Lifetime YELLOW 3 allows you to maintain guaranteed death benefits while building cash
You have the flexibility to adjust benefits and premiums or terminate cash value coverage, depending on your needs.
Elite Index II®
Qualified adults aged 50 to 75 can help protect their assets and businesses from property taxes with AG Secure Survivor YELLOW II.
The policy includes guaranteed death benefit protection and flexibility to make partial withdrawals while maintaining the estimated benefits.
Available Under Secure Lifetime YELLOW 3 policies, Asset Protector offers a package of benefits for living benefits, including access to death benefits.
This suite has Accelerated Access Solution, which provides access to death benefits for diagnosed chronic disease, and Lifestyle Income Solution, which provides access to death benefits for any reason after the age of 85.
Value + Indexed Universal Life
Value + IUF insurance is a unique and flexible new protection-focused product designed to help long-term needs for personal and business
Elite Survivor Index II®
Elite Survivor Index II offers many of the same benefits as traditional universal life insurance with the flexibility to choose from three interest rate credit accounts to suit your needs.
American General Variable Universal Life Insurance
Variable universal life insurance provides permanent protection mixed with the ability to accumulate cash value through var ious, separate account options.
American General Guaranteed Issue Whole Life Insurance
A simple and affordable life insurance without medical examination and no health issues.
Designed to cover expenses such as medical bills, credit card debt or funeral expenses and can help protect your loved ones from future financial burdens.
Is the US General the best supplier for your needs?
Do you shop at affordable prices? AIG may or may not suit you.
Your personal medical history will determine which life insurance company to choose.
Sure, American General is a great insurance company, but there may be another company that better suits your unique needs.
We have access to  over 50 of the best life insurance companies in the industry and will find you the lowest possible rates.
* While doing our utmost to keep our site up to date, please be aware that "current" information on this site, such as quotation estimates, or relevant company information, may only be accurate as of the last day of editing. Huntley Wealth & Insurance Services and its representatives do not provide legal or tax advice. Contact your own legal or tax advisor.