Covering Financial Needs with AIG American General Life Insurance Company

AIG American General Life Insurance Company

American General Life Insurance, also known as AIG, is a company you cannot go wrong with when considering life insurance coverage. Originally founded in 1919, American General Life Insurance services more than 88 million customers in 130 countries. American General Life Insurance is one of the most well known and popular life insurance companies in the U.S. and across the world.

American General Life Insurance offers excellent term and permanent life insurance options with very competitive rates for both males and females. AIG made Top Quote Life Insurance’s TOP 8 BEST TERM LIFE INSURANCE COMPANIES for their affordable life insurance rates, quick underwriting and unique available lengths on their term life insurance coverage.

FINANCIAL STRENGTH: A.M. Best (A) Excellent Rating

 

AIG AMERICAN GENERAL LIFE INSURANCE OPTIONS

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AG Select-A-Term (Term Life Insurance)

AG Select-a-Term is AIG’s term life insurance coverage. The name “Select-a-Term” is given to the coverage due to the unique ability to pick term lengths other than the traditional 10, 15, 20, 25 or 30 years. Select-a-Term allows for term lengths starting at 10 and then15-30.

For example, you can pick a term length of 17 years, 23 year and so on, up to 30 years. For those who need term life insurance coverage for a specific amount of years, Select-a-Term can be the term life insurance coverage for you. 

POLICY FEATURES:

  • Guaranteed Level Death Benefit Term Life Insurance
  • Guaranteed Level Premium Term Lengths of 10, 15-30 Years
  • Issue ages up to 80
  • Minimum Face Amount $100,000
  • Maximum Face Amount $10,000,000+

GUARANTEED CONVERSION FEATURE – Allows you to convert your term coverage to a fixed premium guaranteed universal life insurance policy without the proof of insurability or medical exam.  In order to be eligible to convert, you must do so prior to the end of the guaranteed level premium period or age 70.

AG SELECT-A-TERM AVAILABLE POLICY RIDERS:

ACCIDENTAL DEATH BENEFIT RIDER  This rider pays double the death benefit, if death is due to an accident. Maximum payout is the lesser of $250,000.

CHILDREN’S PROTECTION RIDER  This rider provides temporary life insurance coverage for the children of the insured up to age 25.  Maximum coverage amount is $25,000.

WAIVER OF PREMIUM RIDER – This rider waives premium payments if the insured becomes totally disabled. There is a 6 month waiting period after total disability.

TERMINAL ILLNESS RIDER – This rider allows for 50% of the death benefit not to exceed $250,000 if the insured is diagnosed to have 12 months or fewer to live.

 

AG ROP Select-A-Term (Return of Premium Term Life Insurance)

AG Select-a-Term ROP is Return of Premium term life insurance that refunds you up to 100% of paid premiums at the end of the guaranteed level term period. Just like American General’s traditional term life insurance policies their return of premium coverage offers up to 16 unique term durations. Due to the cash return aspect of AG Select-a-Term ROP life insurance coverage, it makes for an ideal coverage for both families and small businesses.

POLICY FEATURES:

  • Guaranteed Level Death Benefit Term Life Insurance
  • Guaranteed Level Premium Term Lengths of 20-35 Years
  • Issue ages up to 55 (Depending on term length)
  • Minimum Face Amount $100,000
  • Maximum Face Amount $10,000,000+

GUARANTEED CONVERSION FEATURE – Allows you to convert your term coverage to a fixed premium guaranteed universal life insurance policy without the proof of insurability or medical exam.  In order to be eligible to convert, you must do so prior to the end of the guaranteed level premium period or age 70.

AG ROP SELECT-A-TERM AVAILABLE POLICY RIDERS:

ACCIDENTAL DEATH BENEFIT RIDER  This rider pays double the death benefit, if death is due to an accident. Maximum payout is the lesser of $250,000.

CHILDREN’S PROTECTION RIDER  This rider provides temporary life insurance coverage for the children of the insured up to age 25.  Maximum coverage amount is $25,000.

WAIVER OF PREMIUM RIDER – This rider waives premium payments if the insured becomes totally disabled. There is a 6 month waiting period after total disability.

TERMINAL ILLNESS RIDER – This rider allows for 50% of the death benefit not to exceed $250,000 if the insured is diagnosed to have 12 months or fewer to live.

 

AG Secure Lifetime GUL II (Permanent Life Insurance)

AG Secure Lifetime GUL II is AIG’s permanent guaranteed fixed premium universal life insurance that provides both a guaranteed death benefit as well as guaranteed cash values.

POLICY FEATURES:

  • Guaranteed Level Death Benefit to age 121 
  • Guaranteed Fixed Premium
  • Guaranteed No Lapse Coverage
  • Flexible Premium
  • High Issue ages (Up to age 80)
  • Minimum Guaranteed Interest Rate of 2 Percent
  • Minimum Face Amount $100,000
  • Maximum Face Amount $10,000,000+

ENHANCED SURRENDER VALUE OPTION – AG Secure Lifetime GUL II comes with a free return of premium rider that allows for one time surrender within the first 60 days of the 20th policy anniversary year. The return of premium amount is 50% of the premium paid into the policy.

ACCELERATED ACCESS SOLUTION – This is an optional policy rider available at an additional cost that provides tax free income from the policy death benefit if diagnosed with a qualifying chronic illness. If qualified, a pre-determined portion of death benefit will be paid every month.

LIFESTYLE INCOME SOLUTION  This is an optional policy rider available at an additional cost that provides access to the policy death benefit for income for any reason after age 85. Income is tax free and the maximum amount that can be taken is 10% per year.

AG SECURE LIFETIME GUL II UNIVERSAL LIFE AVAILABLE POLICY RIDERS:

ACCIDENTAL DEATH BENEFIT RIDER  This rider pays double the death benefit, if death is due to an accident. Maximum payout is the lesser of $200,000.

CHILDREN’S PROTECTION RIDER  This rider provides temporary life insurance coverage for the children of the insured up to age 25.  Maximum coverage amount is $10,000.

WAIVER OF PREMIUM RIDER – This rider waives premium payments if the insured becomes totally disabled. There is a 6 month waiting period after total disability.

TERMINAL ILLNESS RIDER – This rider allows for 50% of the death benefit not to exceed $250,000 if the insured is diagnosed to have 12 months or fewer to live.

 

Key Underwriting Advantages with AIG American General Life Insurance

MILITARY – American General Life Insurance will underwrite active duty and reservist military as long as there are no pending orders to military hot zones.   

BUSINESS INSURANCE – American General Life Insurance will underwrite death benefits up to 10x total compensation on key employees.   

CIGAR SMOKERS – America General Life Insurance will consider cigar smokers who smoke no more than 1 cigar a week at non-tobacco rates.

PILOTS – American General Life Insurance provides some of the best life insurance rates for pilots.

Interested in receiving an AIG American General Life Insurance Quote? Call us today at (888) 777-7574 or simply use the “Instant Life Insurance Quote” tool located to the right of your screen.

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AIG American General Life Insurance Quote by Jeffrey Manola Top Quote Life Insurance