AIG Life Insurance Coverages Review


AM Best gives AIG an A (Excellent) financial strength rating, which means the carrier can meet its claims obligations. AIG sells life insurance products in all states and offers some of the lowest term life rates in our rating. AIG’s life insurance products include term life, whole life, and universal life policies. Although AIG offers coverage levels that may be able to provide adequate protection for most American families, its policies might not provide enough financial security for high-net-worth individuals. And while some providers offer no-exam term life insurance policies, AIG doesn’t.

Even so, AIG offers no-exam whole life coverage for seniors (ages 50-80) and no-exam policies for qualified universal life applicants. AIG’s guaranteed issue whole life policies feature advantages many seniors may need, such as chronic illness and terminal illness benefits. And term life applicants can choose riders that extend coverage to their kids and provide greater financial security when faced with a disability or terminal illness.

Bottom Line:

AIG may meet the needs of most life insurance shoppers, offering term and permanent life policies. Its term life rates are among the lowest in our rating and its permanent life products offer coverage for seniors, younger adults, and their children. With more than 100 years in the insurance business, AIG may be a good choice for individuals who need less than $2 million in life insurance coverage.

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