If you only want to have coverage in place for as long as you have children depending upon you, on the other hand, a 20 year term life insurance policy may be the best option for you. If you are married and your wife does not work, for example, you may want to purchase a policy that will be in place for many years. This way, you can be certain to obtain a term that will be in place for the length of time you need in order to keep your loved ones protected. Term policies have level premiums throughout the life of the policy. AGLC110245 REV0620 PAGE 3 of 8 Coverage beyond working years Retired workers who no longer have access to group life insurance may be in need of a policy that fits their new stage of life. In addition, it is possible to obtain a term life insurance policy that stays in place until you reach a certain pre-determined age.Īs with any type of term life insurance policy, it is important to consider your individual needs before purchasing an AIG term life insurance policy. AIG’s term life insurance has a minimum face value of 50,000, but you can purchase up to 10 million in coverage if approved. QoL Flex Term offers a valuable new way to customize your life insurance plans to help while you are still living, and help your loved ones after you’re gone. As the world changes, lives change too, so our personal accident and health insurance, and travel. Our products for individuals and families are designed to help you worry less and do more of what matters with increased peace of mind. Although the most popular term lenghts are 1, 5, 10, 15, 20, and 30, customers can choose to obtain other term lenghts as well. As valuable as it is to have a plan, it’s also important to enjoy each moment. AIG term life insurance is available in a variety of different terms. One of these policy types is term life insurance. Today, it is possible to purchase a variety of different insurance policies from AIG. Once his business found this success, however, it wasn’t long before AIG had established a solid reputation and a broad customer base. After becoming the first Westerner to sell insurance in China, he decided to also start selling insurance in Europe, Asia, the Middle East and Latin America.ĭespite his eariler successes in other countries, Starr did not find much success with selling policies in the United States until 1962. In fact, it was in 1919 that its founder, Cornelius Vander Starr, first started selling insurance in Shanghai. After you’ve answered the questions and submitted your response, we’ll let you know straight away if we can insure you.The Ins and Outs of AIG Term Life InsuranceĪmerican International Group, which is known simply as AIG for short, has been offerign a variety of different insurance options to people around the world for many years. 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). AIG has a solid financial strength rating of A from A.M. 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. Requesting a life insurance quote through AIG Direct is now faster and easier than ever And through AIG Direct, you can get quality term life insurance coverage for less.
Cash value accumulates over time and creates an asset which may be used during your lifetime. Provides a death benefit, but typically no cash value. 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. Provides coverage for a limited time period (term) Provides lifetime coverage. 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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