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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He has an MBA from the University of South Florida. Joel...

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Reviewed by Joel Ohman
Founder, CFP®

UPDATED: Aug 19, 2021

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The Truth in a Nutshell

  • AIG Direct provides term life and permanent life insurance policies
  • AIG’s life insurance plans are underwritten by American General Life Insurance Company
  • Younger, non-smoking policyholders pay the least for AIG life insurance
  • The AIG life insurance company has a superior A.M. Best rating
  • J.D. Power lists AIG as one of the best companies for customer satisfaction

You’ve narrowed your life insurance shopping to AIG, and now you’re ready to zone in AIG life insurance policies.

The AIG Life Insurance Company is one the best life insurance companies in the United States, and it carries term life and permanent life insurance solutions.

But why is life insurance so expensive? Don’t worry – we’re here to help you filter through affordable AIG life insurance, what life insurance products are available, and AIG’s current third-party ratings.

Read on to learn more about AIG life insurance rates and how secure the policy you need. Enter your ZIP code to compare multiple insurance companies and secure the best life insurance rates.

What kinds of life insurance products does AIG offer?

You can choose between eight types of life insurance policies at AIG Direct. A traditional term life insurance policy only provides life insurance coverage for the term. Term policies typically last from 10-30 years. Whole life insurance policies offer permanent coverage.

Let’s look at a list of available life insurance policies at American International Group (AIG).

  • Term Life Insurance
  • Quality of Life (QoL) Flex Term
  • Indexed Universal Life
  • Guaranteed Universal Life
  • Variable Universal Life
  • Guaranteed Issue Whole Life
  • Guaranteed Issue Term Life
  • Accidental Death & Dismemberment Insurance

Guaranteed life insurance policies are no medical exam life insurance plans, but they cost more than standard life insurance.

Meanwhile, a universal life policy comes with investment opportunities and accumulated cash accounts.

Accidental death insurance pays out if you are killed or seriously injured in an accident. This coverage is offered to those between the ages of 18 and 80, with a maximum limit of $500,000.

AIG’s whole life insurance comes with living benefits, including a return of premium after diagnosis of a chronic illness, including those featuring cognitive impairment, like dementia and Alzheimer’s.

AIG also has other options besides life insurance, including AIG stocks, AIG retirement, and AIG auto insurance. You can manage all of these items through an AIG login, but you’ll need a policy first.

Does AIG have any life insurance riders?

Yes, they do. AIG has several riders you can add to your life insurance policy. Here’s a list of available riders.

  • Accelerated Benefit Rider
  • Accidental Death Benefit Rider
  • Child Rider
  • Income for Life Rider
  • Terminal Illness Rider
  • Waiver of Monthly Deduction Rider

You can customize AIG Direct life insurance policies with riders. However, life insurance riders can increase your AIG life insurance quotes. Choose each policy and rider carefully before you buy AIG life insurance.

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How much are AIG life insurance rates?

AIG life insurance is determined by age, gender, policy term, and death benefits (coverage limit). Let’s look at a few sample AIG rates to see how much you could pay per month.

AIG Term Average Monthly Life Insurance Rates by Age, Gender, Term and $100K Death Benefits
Age of Non-Smoking PolicyholderAIG Average Monthly Rates for 10-Year Term (Male)AIG Average Monthly Rates for 10-Year Term (Female)AIG Average Monthly Rates for 20-Year Term (Male)AIG Average Monthly Rates for 20-Year Term (Female)
25$10.03$9.47$10.94$10.60
30$10.03$9.47$10.94$10.69
35$10.64$9.92$11.17$11.07
40$12.48$11.00$14.14$11.50
45$14.86$12.52$17.59$14.42
50$17.01$15.04$26.16$19.81
55$26.62$20.96$37.26$27.46
60$38.22$25.58$55.75$47.89
65$55.07$44.93$99.29$81.95
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Your AIG term life insurance rates don’t take a dramatic increase until the age of 55. Male policyholders at AIG pay more than females, and older customers pay more for term life insurance.

Expect this trend to continue with permanent life insurance, also. Any whole life or universal life insurance comes with more benefits, so you’ll likely pay more to get more.

It’s worth noting that AIG Direct’s underwriting guidelines are more lenient than those of many other life insurance providers. The company will not turn down those with conditions like diabetes or sleep apnea, and marijuana smokers are not subject to higher rates.

Does AIG life insurance have any good financial strength and customer review ratings?

The short answer is yes. AIG has earned its place among the top life insurance companies in the United States. Let’s explore AIG’s current financial strength and customer satisfaction ratings.

  • AM Best – A+ (Superior)
  • Fitch – A+
  • JD Power – 742 (Below Industry Average)
  • Moody’s – A2
  • S&P – A+

A.M. Best, Fitch, Moody’s, and S&P show AIG’s financial strength and credit ratings. Overall, AIG has a stable financial outlook and has low long-term credit risk.

J.D. Power press releases focus on customer satisfaction from businesses across the United States. Compared to the competition, AIG has a lower customer review ranking, but it’s still a reliable life insurance company.

How do you cancel an AIG life insurance policy?

You cancel term life insurance by contacting AIG and letting them know you want to cancel.

Permanent life insurance policies have accumulated cash values attached to them, and sometimes they have investments linked to them.

To cancel an AIG permanent life insurance policy, you’ll have to call AIG customer service and let them know you want to cancel your policy.

It’ll be up to you how you decide to move your assets. You can cash out the surrender cash value or transfer your investments to another company.

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Can you make an AIG life insurance claim online?

Yes, you can file an AIG life insurance claim online. Visit the AIG website, click “CLAIMS” on the top banner.

It’ll take you to a webpage called Individual Claims. Scroll down until you see Life Insurance. Click the arrow on the far right to open the life insurance claim options.

You can report a death claim on an online form or file a claim for critical illness, chronic illness, or terminal illness.

What do you need to know about AIG?

AIG, or AIG Direct, was founded in 1995 and is headquartered in California. Its parent company is American International Group, Inc., which has a corporate office in New York, NY.

The current CEO is Peter Zaffino. Cornelius Vander Starr founded AIG on December 19, 1919, in Shanghai, China. Today, AIG is worth billions with offices all over the United States.

AIG Life Insurance: What’s the bottom line?

While it’s unknown how much whole life insurance costs at AIG, it’s possible to receive affordable AIG term life insurance quotes. If you’re between 25 and 49, you can secure cheaper life insurance rates.

Now that you know more about AIG life insurance, you’re ready to compare life insurance. Use our free comparison tool to locate the best insurance companies in your local area and secure affordable life insurance rates.