AIG Life Insurance
American International Group, Inc.
70 Pine Street
New York, NY 10270
Headquartered in the financial heart of New York City, AIG or American International Group offers a wide variety of financial products and services, including a full range of life insurance products for both individuals and businesses. The company employs more than 100,000 workers, and insures thousands.
American International Group offers life insurance shoppers a wide variety of choices, including popular term life policies and a variety of variable life insurance policies. On the term life side of the aisle AIG offers term life policies offering coverage for 10 years, 15 years, 20 years and 30 years with the option of Return of Premium. The company also offers term life policies that remain in effect up to a specific age, making it easy for applicants to choose just the coverage they need for themselves and their families.
AIG also offers a variety of variable life insurance products, providing not only a standard death benefit but the opportunity to build cash value over time. The cash value of the policies can be allocated into a number of different investment options, providing a new way to invest and save for the future.
Recent economy concerns have effected AIG and its rating by A.M. Best. The independent rating company A.M. Best recently downgraded their outlook for the company from it’s A+, or superior, rating, to a rating of A, or excellent. We feel comfortable with AIG’s stability and continue to quote their competitive products.
Our small-case term product, guaranteed level death protection at a guaranteed level premium for 10, 15, 20 or 30 years.
$50,000 minimum face; $250,000 maximum face
10 year term issued to age 80
6 underwriting classes: Preferred Plus, Preferred Nontobacco, Standard Plus, Standard Nontobacco, Preferred Tobacco, Standard Tobacco
Convertible to the earlier of the end of term period or age 75
Conversion credit equal to term premium for prior 12 months
Terminal Illness Benefit included at no cost in approved states
Substandard extra premiums applied to Special Nontobacco or Special Tobacco rates
Available riders: Accidental Death, Child Rider and Waiver of Premium
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Life Insurance Articles
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- Accumulated Amount
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