(844) 786-8229 [email protected]
AIG

AIG Term Life Insurance Review

AIG excels at competitive pricing and they’re eco-friendly. We love their paperless process from start to finish.

AIG Life Customer Service: (800) 231-3655

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Quotacy is an independent life insurance broker. We sell policies from the nation's most trusted insurers. By using our quoting tool, you'll get multiple term life options from the best life insurance companies in minutes.

Get what's right for you

Our agents match you with the right company for your health and lifestyle—so you get the best life insurance for you. This is part of our free service as a life insurance broker.

We're transparent

We value transparency as much as you do. Everything we know about life insurance, we'll share with you so you're making informed decisions from quote to covered.

Spend less time shopping

No matter where you buy your policy, you'll pay the same rates. Pricing for life insurance is regulated by government. Don't waste time talking with multiple agents, use our free online comparison shopping tool to get your quotes.

Our focus is on you

As a life insurance broker, our focus is on finding you the best policy for your needs. Quotacy's agents work on salary, not commission—so, we're at your service.

We're experienced

We've been in the life insurance industry since 1990, and have helped our customers protect their families with over $22 billion in coverage. That's a lot of happy customers.

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We’ll guide you through buying term life insurance online

AIG Company Overview

Location

New York, NY

Established

1919

Customers

12,000,000

Employees

56,400 worldwide

Location

New York, NY

Established

1919

Customers

12,000,000

Employees

56,400 worldwide

AIG Ratings & Awards

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A.M. BestBetter Business BureauJ.D. PowerMoody’sStandard & Poor’s
AA+751A2A+

A.M. Best is an independent rating agency that ranks the financial strength of life insurance companies. Their best rating is an A++. Their worst is a D.

Better Business Bureau (BBB) is a non-profit that shares customer service feedback on businesses in the USA. BBB assigns ratings from A+ (highest) to F (lowest).

J.D. Power and Associates analyzes customers’ experiences with life insurance companies and ranks them on a scale from 1 to 1000.

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody’s rating scale ranges from Aaa to C with 1, 2, and 3 to indicate whether the ranking is on the higher or lower end of that category.

Standard and Poor’s (S&P) is the world’s leading provider of credit ratings and creditworthiness. S&P’s scale ranges from AAA to D with + or – to define standing within each category.

Business Insurance logo

For 8 straight years, AIG has topped the Business Insurance rankings for its commitment to innovative risk management products ­­and services.

CIO100 logo

In 2017, for the second consecutive year, AIG was recognized by the CIO 100 for integrating cutting-edge technology into its digital infrastructure.

DiversityInc logo

In 2017, for the fourth consecutive year, DiversityInc named AIG one of 25 Noteworthy Companies for Diversity.

Human Rights Campaign logo

For the sixth consecutive year, AIG has achieved a 100% rating in the Human Rights Campaign’s Corporate Equality Index and earned recognition as one of the Best Places to Work for LGBT equality.

How much life insurance do you need?

Figure out your action plan with our needs calculator

To stand out in a competitive industry, most insurers focus on serving health or lifestyle niches.

AIG is excellent for:

  • Depression & Anxiety
  • Foreign Nationals & Travel
  • Healthy Individuals
  • Sleep Apnea

AIG excels at competitive pricing and they’re eco-friendly. We love their paperless process from start to finish.

AIG Comparison Quotes

AIG Select-a-Term®

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CompanyMaleFemale
Age 30Age 40Age 50Age 60Age 70Age 30Age 40Age 50Age 60Age 70

AIG

$19.92$29.92$75.66$219.30$800.10$17.27$25.84$58.01$159.45$629.41

AXA

$21.38$29.93$73.53$228.29N/A$18.38$27.36$58.14$159.46N/A

Banner Life

$19.49$32.30$71.90$208.98$799.93$16.68$25.80$58.35$160.38$729.71

Cincinnati Life

$20.68$33.88$74.36$225.28N/A$17.60$29.92$62.48$166.76N/A

Haven Life

$22.48$32.38$84.06$230.90N/A$19.46$28.07$61.66$156.84N/A

John Hancock

$26.66$30.91$74.56$208.06N/A$24.11$27.71$64.51$170.11N/A

Lincoln Financial

$28.44$38.94$78.71$212.56$813.82$23.45$30.63$59.46$147.74$644.13

Minnesota Life

$22.42$31.18$87.12$235.40N/A$18.48$26.84$62.04$153.12N/A

Pacific Life

$19.51$29.45$71.91$201.41N/A$16.70$24.82$55.21$139.02N/A

Principal

$21.43$30.54$75.16$213.06N/A$18.40$25.81$57.58$147.79N/A

Protective

$19.50$29.09$71.91$199.49N/A$16.69$25.07$54.82$138.00N/A

Prudential

$34.13$42.44$85.75$258.13N/A$27.56$38.50$74.81$177.19N/A

SBLI

$19.87$31.30$83.33$274.74N/A$17.05$24.62$60.41$165.73N/A

United of Omaha

$21.29$32.90$82.78$249.19N/A$18.28$28.17$61.71$172.65N/A

US Life

$20.76$30.27$76.55$221.87$924.25$18.16$27.24$58.82$161.32$636.77

William Penn

$19.71$32.30$72.76$208.20$800.01$16.90$25.11$56.59$151.06$729.71

 

Sample monthly premium quotes for a $500,000, 20-year term policy for healthy, non-smoking individuals living in Minnesota. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of November 2019.

 

 

AIG Secure Lifetime GUL 3

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CompanyMaleFemale
Age 30Age 40Age 50Age 60Age 70Age 30Age 40Age 50Age 60Age 70
AIG$205.99$270.96$418.03$700.95$1290.89$171.66$223.08$355.62$589.88$1076.34

Sample monthly premium quotes for a $500,000 guaranteed universal life insurance policy for healthy, non-smoking individuals. Pricing varies by gender (except in Montana). Women pay less for life insurance than men because they live longer on average.

A guaranteed universal life insurance policy is similar to a traditional level term policy, but you can opt to have the policy last your entire lifetime.

Your life insurance pricing may be different and is determined by your individual risk factors and the state where you have your primary residence. Pricing as of February 2019.

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AIG Features & Benefits

What we like

  • Flexible term lengths available—ask your Quotacy agent for details.
  • Can be converted into a permanent policy.
  • Includes Accelerated Death Benefit Rider at no charge.
  • Your medical exam can be done at home or work.
  • Review your medical exam results upon request.
  • Policy delivered electronically.
  • You can manage your policy online.

What could be better

  • Every applicant must get a medical exam.
  • Credit card payments are not accepted after initial payment.

AIG Policy Details

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Select-a-Term®Secure Lifetime GUL 3
Guaranteed level premiums?YesYes
Term lengths available:10, 15-30, 35*Policy can last your lifetime
Premiums returned at end of term?NoReturn of premium options for Year 20 and 25 (see Policy Riders below)
Riders available:Accelerated Death Benefit, Premium Waiver for Disability, Accidental Death Benefit, Child RiderAccelerated Death Benefit, Premium Waiver for Disability, Accidental Death Benefit, Child Rider
Accumulates cash value?NoYes (see The Fine Print below)
Policy loans available?NoYes (see The Fine Print below)
Minimum issue age:2018
Maximum issue age:8080
Minimum face amount:$100,000$100,000
Missed payment grace period:30 days**One month following the due date in order to keep guaranteed benefits in place

*10-year term available for ages 20-80 (tobacco users 20-75); 15-year term available for ages 20-75 (tobacco users 20-70); 20-year term available for ages 20-70 (tobacco users 20-65); 30-year term available for ages 20-55 (tobacco users 20-50; 35-year term available for ages 20-45 (tobacco users 20-40).

**State of issue, payment mode, and draft date can affect the grace period end date. Your policy will state specifics.

» Compare: Term life insurance quotes

AIG Policy Riders

Increase your policy’s benefits with riders

Accelerated Death Benefit Rider

*Included 

This rider—also known as a Terminal Illness Rider—is included in your policy at no charge. It gives you access to a portion of your policy’s death benefit if you are diagnosed with a terminal illness resulting in 24 months or less to live.

Accidental Death Benefit Rider

*Available at additional cost

Your policy’s beneficiary will receive an increased death benefit with this rider, if you would die due to an accident. Cost varies by age and benefit amount with options ranging up to $250,000—not to exceed policy face amount.

Return of Premium Rider

*Included with AIG’s Secure Lifetime GUL 3 policy

The return of premium rider—called the Enhanced Surrender Value Rider—is only included on AIG’s Secure Lifetime GUL policy, not their Select-a-Term policies. This return of premium rider offers a one-time option to surrender your GUL policy during a 60-day period following the end of policy year 20 or 25. The cash surrender value for Year 20 is 50% of total premiums paid (minus any withdrawals and/or loans). The cash surrender value for Year 25 is 100% of total premiums paid (minus any withdrawals and/or loans).

Child Rider

*Available at additional cost

For as little as $50 per year, add a child rider that covers your children under age 18. Options range from $10,000 to $25,000 in coverage per child. Ask your Quotacy agent for details.

Premium Waiver for Disability

*Available at additional cost

AIG will waive premium payments during a period of total disability lasting six consecutive months or more. The waived payments don’t have to be paid back. This rider is not available on all policies and the cost varies by age.

Learn more

Wondering what types of riders are beneficial?

AIG Policy Service

Contact

  • Customer Service: (800) 231-3655
  • Technical Assistance with eService: (800) 280-2011
  • Fax: (844) 930-0370

Hours: Monday-Friday, 7:00 AM-6:00 PM Central

Payment Mailing Address

American General Life Insurance Companies
PO Box 305293
Nashville, TN 37027

Manage your policy online

  1. Visit www.aig.com/eService.
  2. In the New Customers column, click Create Profile.
  3. Enter your policy number and personal information.
  4. Click Continue and proceed through the prompts.

What you can do online

  • View your policy details.
  • Pay your premiums.
  • Enroll in electronic billing.
  • Update your address.
  • Change your beneficiaries.

The Fine Print

Guidelines & Exclusions

Term Conversion
  • For a 10-year term, conversion to any permanent product is available the first eight years. After that, conversion products are limited.
  • For all other terms, conversion to any permanent product is available the first ten years. After that, conversion products are limited.
  • Partial conversions are allowed.
Accidental Death Benefit Rider
Rider benefit will not be paid out if death is result of:

  • Suicide or attempted suicide,
  • Committing or attempting to commit a felony,
  • Engaging in illegal occupation,
  • Active participation in a riot, insurrection, or terrorist activity,
  • Operating vehicle while having an illegal blood alcohol content level,
  • Infirmity or disease of mind or body or treatment for it,
  • Self-administration of any drug not prescribed or administered by a licensed physician, or
  • Flight in or descent of any aircraft in which you were a pilot or crew member.
Waiver of Premium Rider
  • If disability begins on or after age 60, AIG will waive premiums until one year after total disability began or until age 65—whichever is later.
  • Premiums will not be waived if disability is result of:
    • Attempt of suicide,
    • Committing or attempting to commit a felony, or
    • Active participation in a riot, insurrection, or terrorist activity.
Policy Loans and Withdrawals - GUL only
AIG’s Secure Lifetime GUL 3 has a cash value accumulation feature.

  • Policy loans and withdrawals will affect the guaranteed death benefit.
  • The cash value interest rate is guaranteed at 2% and withdrawals are allowed after the 5th policy year.
  • There is a $25 charge for each withdrawal.
  • Partial withdrawals may be taxed as regular earnings.
  • Loans have variable interest rates.
Accelerated Death Benefit Rider
  • Also known as Terminal Illness Rider.
  • Eligible if you have 24 months or less to live (12 months or less in Florida).
  • Not eligible if terminal illness is result of self-inflicted injuries.
  • May accelerate up to 50% of the death benefit—up to $250,000.
  • Processing fee when payout is accelerated will not exceed $500 ($100 in Florida).
Child Rider
  • Newborn child covered after the 14th day post-birth.
  • Rider can be converted to a new policy up to five times the rider face amount.
  • Parent or child can convert rider at any time during the policy term—up to 31 days prior to the child’s 25th birthday.
  • Child rider terminates at the end of the policy or the child’s 25th birthday—whichever is earliest.
Changing Coverage Amounts - GUL only
  • Increasing the coverage amount on AIG’s Secure Lifetime GUL 3 policy is an available option at any time, subject to satisfactory evidence of insurability.
  • Increasing the coverage amount will void the guaranteed cash value provision of the policy.
  • Decreasing the coverage amount is an available option any time after the first policy year.

Updated: February 2019

More term life insurance reviews

We recommend without hesitation every company reviewed on Quotacy. When you comparison shop, the death benefit amount that your loved ones would receive and the cost of the policy are the most important factors to consider. If you have any questions about the best life insurance companies for you, contact Quotacy. We'll gladly help you evaluate your life insurance options.

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