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purchase Life insurance It helps protect loved ones if they die relatively early in life. Some people use products such as whole life insurance for investment or as a cash resource to potentially access while alive.
But with so many life insurance companies to choose from, consumers can get confused. Let’s take a look at what AIG Life Insurance has to offer (note that AIG Life Insurance has been rebranded to Corebridge Financial).
If you’re in the life insurance market, get started by getting a free life insurance quote from AIG today.
Overview of AIG Life Insurance
AIG Life Insurance/Corebridge Financial offers life insurance and retirement products under one umbrella.provided by the organization term insuranceWhole Life Insurance, and End Expense Insurance, type of whole life insurance.
Corebridge Financial is a publicly traded company, and some people may like it, given factors such as public company financial disclosure requirements.
AIG/Corebridge issues life insurance policies through the American General Life Insurance Company, except for New York where policies are issued through The United States Life Insurance Company. Both of these organizations are rated A2 from Moody’s (meaning low credit risk based on Moody’s scale), A from AM Best, A+ from Fitch, and A+ from Standard & Poor’s. It has a high financial strength rating.
AIG life insurance costs
AIG/Corebridge Financial offers competitive premiums compared to other life insurance companies. exact cost As it can vary greatly depending on factors such as age and health, the company offers a variety of options to help you find insurance within your budget.
That being said, it’s a good idea to compare rates in your particular situation. For example, a life insurance company may quote higher than its competitors on some aspects of coverage, but underestimate its smaller policies.
Get a free individual quote from AIG today.
Life insurance quote example
The estimates below are based on 20-year term life insurance coverage of $500,000.
|
AIG |
Whole country |
heaven life |
|
|
40 year old male |
$29.92 |
$31.94 |
$37.92 |
|
40 year old female |
$25.65 |
$27.13 |
$30.60 |
|
50 year old male |
$73.53 |
$77.44 |
$177.11 |
|
50 year old female |
$57.00 |
$57.75 |
$123.37 |
Men’s estimates are based on living in Texas, 5’9″, 160 pounds, in very good health, and never smoked. Be healthy and have no history of smoking.
AIG Life Insurance Pro
AIG/Corebridge Financial has several advantages for life insurance policies, including:
- Good financial strength evaluation: When purchasing life insurance, you want to be confident in the company’s ability to pay claims. Corebridge’s high rating may therefore provide policyholders with peace of mind.
- No Health Check Policy Options: In some cases, Corebridge Financial offers options to issue policies without requiring an in-person process. Medical checkupIf you’re between the ages of 18 and 59, you may be eligible for coverage approval after a phone screening with the Agile Underwriting+ program.
- much of the length of the period: If you’re looking for term life insurance, you’re likely looking to protect against certain risks, such as dying before your mortgage is paid off. Luckily, AIG/Corebridge offers many terms ranging from 10 to 35 years rather than just sticking to the standard 5-year increments. For example, getting a 23-year term life insurance policy might give you the specific coverage you’re looking for if you have, say, a 30-year mortgage with 23 years left.
Get a free quote today to see what you’re eligible for.
Cons of AIG Life Insurance
While there are some advantages to choosing AIG Life/Corebridge Financial, some disadvantages to consider include:
- limited financial services products: Corebridge Financial offers financial services products other than life insurance, such as annuities and employer retirement plans, but we are familiar with life insurance companies through other financial services products, such as auto insurance and wealth management services. Some people prefer to choose .Due to the small scope, bundling opportunities may also be limited discount.
- Maximum may not be enough for some people: The company appears to offer up to $2 million in coverage if you request a quote online, although more may be available in some cases. Still, some other providers make it easier to get higher amounts. Compensation amountSo if you’re a high earner, for example, you may not find the coverage you’re looking for as easily as with other insurers.
- after rebranding: Rebranding from AIG to Corebridge Financial is still in progress in some areas, such as renaming life insurance quotes from AIG Direct to Corebridge Direct. The company said, “We are currently updating our website and materials to reflect this change. Whether you’re looking at Corebridge or AIG, rest assured you’re in the right place.” It can be confusing, for example, if you’re looking for insurance reviews and don’t know if they refer to before or after changes to Corebridge.
Conclusion
Overall, AIG Life Insurance (now Corebridge Financial) offers relatively affordable rates for both term and whole life insurance and has strong financial strength ratings. That makes it a good option for many people looking for life insurance. However, it may not be the best choice if, for example, you are looking to get life insurance from the same company that you purchase all other types of insurance from.
Get started by obtaining a free quote to determine if AIG is right for you.
