• Contact Us
  • Terms & Conditions
  • Privacy Policy
FBX.EE
Advertisement
  • Home
  • Entertainment
    • All
    • Food
    • Gossip
    • Hollywood
    • Travel
    See the cast of House of Gucci versus the real life players

    See the cast of House of Gucci versus the real life players

    New Star Trek movie coming out in 2023

    New Star Trek movie coming out in 2023

    Sydney nutritionist Rebecca Gawthorne offers a peek inside her shopping cart

    Sydney nutritionist Rebecca Gawthorne offers a peek inside her shopping cart

    Wannabe astronauts can stay in a Polish nuclear bunker that has been repurposed to mimic the ISS and the moon

    Wannabe astronauts can stay in a Polish nuclear bunker that has been repurposed to mimic the ISS and the moon

    • Food
    • Gossip
    • Hollywood
    • Travel
    • Editorial Cartoon
  • Knowledge
    • All
    • Insurance
    • Money Matters
    High quality auto insurance protection with discount for everyone

    High quality auto insurance protection with discount for everyone

    How to do a cheap home gym

    How to do a cheap home gym

    6 life insurance companies for children

    6 life insurance companies for children

    11 financial tricks you shouldn’t fall for this April Fool’s Day joke

    11 financial tricks you shouldn’t fall for this April Fool’s Day joke

    • Insurance
    • Money Matters
    • Personal blogs
  • News
    • All
    • Baltic news
    • European news
    • World News
    Violinist Sally Cooper performed on Jay-Z’s birthday at the invitation of BeyoncĂ©

    Violinist Sally Cooper performed on Jay-Z’s birthday at the invitation of BeyoncĂ©

    Kaja Kallas: There are groups that want to show that we are divided news

    Kaja Kallas: There are groups that want to show that we are divided news

    Berlin and Moscow are waiting for the US to take the next steps on Nord Stream 2

    Berlin and Moscow are waiting for the US to take the next steps on Nord Stream 2

    “Car thief” reverses Range Rover on VW Golf “during botched escape while being pursued by owners”

    “Car thief” reverses Range Rover on VW Golf “during botched escape while being pursued by owners”

    • World News
    • Baltic news
    • European news
  • Technology
    • All
    • Cars
    • Computers
    • Defense
    • Medical
    • Space explorations
    Should your next car be electric or are they an expensive hassle?

    Should your next car be electric or are they an expensive hassle?

    MacBook and iPad production delayed as supply crisis hits Apple: Report

    MacBook and iPad production delayed as supply crisis hits Apple: Report

    Animals with strange neurons can rewrite the history of brain development

    Animals with strange neurons can rewrite the history of brain development

    Biden asks Pentagon for $ 715 billion, indicating the administration’s future priorities

    Biden asks Pentagon for $ 715 billion, indicating the administration’s future priorities

    • Cars
    • Computers
    • Defense
    • Medical
    • Space explorations
  • Sports
  • Home
  • Entertainment
    • All
    • Food
    • Gossip
    • Hollywood
    • Travel
    See the cast of House of Gucci versus the real life players

    See the cast of House of Gucci versus the real life players

    New Star Trek movie coming out in 2023

    New Star Trek movie coming out in 2023

    Sydney nutritionist Rebecca Gawthorne offers a peek inside her shopping cart

    Sydney nutritionist Rebecca Gawthorne offers a peek inside her shopping cart

    Wannabe astronauts can stay in a Polish nuclear bunker that has been repurposed to mimic the ISS and the moon

    Wannabe astronauts can stay in a Polish nuclear bunker that has been repurposed to mimic the ISS and the moon

    • Food
    • Gossip
    • Hollywood
    • Travel
    • Editorial Cartoon
  • Knowledge
    • All
    • Insurance
    • Money Matters
    High quality auto insurance protection with discount for everyone

    High quality auto insurance protection with discount for everyone

    How to do a cheap home gym

    How to do a cheap home gym

    6 life insurance companies for children

    6 life insurance companies for children

    11 financial tricks you shouldn’t fall for this April Fool’s Day joke

    11 financial tricks you shouldn’t fall for this April Fool’s Day joke

    • Insurance
    • Money Matters
    • Personal blogs
  • News
    • All
    • Baltic news
    • European news
    • World News
    Violinist Sally Cooper performed on Jay-Z’s birthday at the invitation of BeyoncĂ©

    Violinist Sally Cooper performed on Jay-Z’s birthday at the invitation of BeyoncĂ©

    Kaja Kallas: There are groups that want to show that we are divided news

    Kaja Kallas: There are groups that want to show that we are divided news

    Berlin and Moscow are waiting for the US to take the next steps on Nord Stream 2

    Berlin and Moscow are waiting for the US to take the next steps on Nord Stream 2

    “Car thief” reverses Range Rover on VW Golf “during botched escape while being pursued by owners”

    “Car thief” reverses Range Rover on VW Golf “during botched escape while being pursued by owners”

    • World News
    • Baltic news
    • European news
  • Technology
    • All
    • Cars
    • Computers
    • Defense
    • Medical
    • Space explorations
    Should your next car be electric or are they an expensive hassle?

    Should your next car be electric or are they an expensive hassle?

    MacBook and iPad production delayed as supply crisis hits Apple: Report

    MacBook and iPad production delayed as supply crisis hits Apple: Report

    Animals with strange neurons can rewrite the history of brain development

    Animals with strange neurons can rewrite the history of brain development

    Biden asks Pentagon for $ 715 billion, indicating the administration’s future priorities

    Biden asks Pentagon for $ 715 billion, indicating the administration’s future priorities

    • Cars
    • Computers
    • Defense
    • Medical
    • Space explorations
  • Sports
FBX.EE
No Result
View All Result
Home Knowledge Insurance

A plethora of life insurance options means there is something for everyone

admin by admin
January 8, 2021
in Insurance
0
A plethora of life insurance options means there is something for everyone
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


Life insurance can be such a downer! Nobody wants to think about the event that requires it. However, taking care of your loved ones is so important that this adult article is worth checking off your list.

It can be surprisingly affordable to get adequate coverage to look after your family and anyone else who is dependent on you. It does take a little shopping though. It is important to collect a few different options so you know you are getting the right coverage at the right price.

There is one option to consider when shopping for life insurance AIG. They are a long-standing company with a solid history and have a lot to offer people looking for life insurance protection.

What is AIG

AIG, or American International Group, is a global life insurance company that offers several types of life insurance, including term insurance and universal insurance. AIG is one of the Top ten Life insurance companies in the US by size and are rated A by AM Best.

AIG provides life insurance through several companies including American General Life and US Life in New York.

How does AIG work?

If you’re interested in AIG, start with the part of it website dedicated to insurance for individuals and families.

AIG Review: An Abundance of Life Insurance Options means there is something for everyone - Insurance Options

You can click on “Life Insurance” or on AIG Direct, the portal for direct insurance.

When you click on “Life Insurance” you will be taken to the following page which contains some very general information about insurance and asks you to obtain a quote.

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - Get A Quote

You will still be directed to AIG Direct on the next screen. The site asks for your:

  • Surname.
  • Nicotine use.
  • Date of birth.
  • Primary phone.
  • Secondary phone.
  • Gender.
  • Height.
  • Weight.
  • E-mail.
  • Post Code.

Make sure you are ready to take some calls when you enter your phone number.

AIG Review: Plenty of Life Insurance Options means there is something for everyone - personal information

Once you’ve entered your details and requested a quote, a very large warning screen will appear.

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - AIG Disclaimer

Basically, they say the information they provide should not be construed as advice. So don’t take it that way. They also recommend that you handle the data you provide completely and accurately.

If you’re ok with this, click Accept and move on to the beginning of another round of questions – the same questions you answered when you requested your quote.

AIG Review: An Abundance of Life Insurance Options means there's something for everyone - term and coverage

Once the demo information is in, you will finally get some of the meat and potatoes: how much coverage do you need?

You will also be asked how long you would like to be insured.

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - How Much Coverage Do You Need?

Next, you’ll be asked to select the fields that apply to you with a range of risky behaviors: nicotine use, alcohol or drug abuse, bankruptcy, road traffic violation, or criminal offense. You will also be asked if you have any health concerns like high blood pressure, depression, diabetes, high cholesterol, etc.

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - Risky Behavior

The next page asks whether there is a familial risk of heart disease or cancer.

AIG Review: An Abundance of Life Insurance Options means there is something for everyone - health and lifestyle

And in a true sign of the modern age, whether you have been diagnosed with the COVID-19 virus or have been exposed to it.

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - COVID-19

At last you will get the cold hard numbers. For a healthy Pennsylvania woman with no adverse health or lifestyle factors, AIG has reported a monthly premium of $ 28.21 for term life insurance ($ 250,000 for 20 years) or $ 31.09 for quality of life insurance (same parameters).

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - Quote

AIG Review: A Plethora of Life Insurance Options Means There Is Something For Everyone - Quote 2

If you are satisfied with this offer, you can click “Apply” to start the application process, which includes a medical examination.

What does AIG cost?

As with any life insurer, AIG tailors your offer to your specific circumstances so there is no set price for the cost.

Your age affects your premiums. According to AIG, insurance costs about 10% more each year as you get older. And the temporary life is generally cheaper than the permanent life. Someone who is 25 years old and healthy and buys 10 year life insurance pays less than someone who is 65 years old and buys permanent life insurance with a range of drivers (also known as “add-ons”).

Even so, AIG has proven to be less expensive than average. Data from Policy genius states that a healthy man who lives in California and applies for preferential rate protection would pay less than the industry average at any age if he were insured with AIG.

AIG features

As with life insurance in general, when you purchase a policy with AIG, you pay premiums, and the policy beneficiary claims the death benefit if the policyholder dies. With certain types of life insurance, some benefits can even be obtained while the policyholder is still alive.

You can purchase insurance through an insurance broker or agent, or through AIG Direct, the branch of the company that sells direct to consumers.

AIG offers a wide variety of life insurance options, so you’re likely to find a policy that works for you depending on what you’re looking for and what your goals are.

In general, they have two main types: term life and permanent life (also called whole life).

running time

Term life insurance is a policy that is set for a specific, limited or time period – for example 10 or 20 years. As soon as the term ends, this also applies to your reporting. This is good for people who want to have something specific to cover.

For example, people often buy temporary living when they have a family in order to help the surviving partner support their children into adulthood when the other partner dies. Or they want life insurance to pay off the mortgage or send a child to college.

Temporary living is usually cheaper than permanent living. Since you will be paying premiums for the duration of the term, this is important.

AIG offers term life insurance in 18 different terms from 10 years with their Choose a term Product. As a bonus, you have the option of converting AIG term life insurance into permanent life at any time without further underwriting (this is the process according to which insurers decide whether they want to insure you).

Term lengths

  • ten years.
  • 15 years.
  • 16-20 years.
  • 21-30 years.
  • 35 years.

AIG also offers a term-life product called Quality of Life (QOL) Flex Term, which also offers a variety of term lengths, but includes built-in Accelerated Benefit drivers that pay out living benefits when needed. You may need expedited benefits if you develop a qualified chronic or terminal illness.

Lasting life

Permanent or full life insurance, as the name suggests, is permanent, ongoing insurance that never expires. That’s why it’s more expensive. Permanent life insurance also has a savings feature, where part of the money you pay into the policy is stored in a separate account to earn cash value.

Universal life

Another type of permanent life insurance is Universal Life, which offers flexible benefits and premiums and ties the savings portion of the policy to an investment. AIG offers several types of universal life insurance, including indexed universal life insurance, where the present value portion of your policy is tied to an underlying index like the S&P 500 and the amount you earn depends on the success of that index.

Some of the indexed Universal Life accounts that AIG offers are the Value + Protector and the Max Accumulator +. They also offer a variable universal life insurance policy called AG Platinum Choice VUL which offers a wider range of cash value investment options. (Universal life insurance can be complex and expensive, which is why many financial advisors recommend a term and a separate investment account instead.)

Guaranteed output

Finally, there is Guarantee Issue Whole Life, a policy offered by AIG that guarantees everyone coverage for as long as they pay the premium – no medical examination required. Guaranteed emissions policies have a maximum coverage of $ 25,000, which is why they are often used to cover funeral expenses.

For a higher death benefit, the Universal Life Guaranteed Edition starts with coverage of $ 100,000. Since this is a universal policy, the premiums are flexible.

driver

One of the other qualities that set AIG apart is the depth and variety of drivers or add-ons they offer for their policies. With these drivers, you can customize your insurance policy more completely to suit your needs and specific situation.

Some of the drivers you can add to an AIG life insurance policy are:

  • Accidental death (Pays an additional benefit if death is due to an accident).
  • Child rider (optionally add life insurance for a child).
  • Incurable disease (utilize part of the utility during life).
  • Waiver of premium (waives the premium if you are disabled).

Accelerated benefits

AIG also offers a number of ways to access your money or your benefits in life. Accelerated benefits and life quality Life insurance benefits pay out part of your contractual death benefit while you are still alive when you experience an insured event, including a qualified terminal illness. These benefits will help improve your quality of life and pay for care when needed.

Guaranteed output

There is a policy for almost everyone at AIG, including people who otherwise may not qualify for a life insurance product. AIG’s Guaranteed Lifelong Issue and Universal Life Insurance guarantees acceptance with premiums that will last your entire life. This automatically includes drivers who pay out up to 50% of the face value of the policy if you develop a chronic or incurable illness or are seriously impaired.

My experience researching AIG

While researching AIG, I was surprised at how difficult it was to discover certain information. Your website was not intuitive and easy to use; It took some hunting and gathering to discover their offerings or to find out more about different types of insurance. In many cases, I was presented with a simple video instead of an information page. In other cases, I have been redirected from the main AIG website to the AIG Direct direct-to-consumer website.

Combined with strong references to consumer complaints about poor customer service, I was disappointed with their communication failures. I think when it comes to spending money on something as important as life insurance, clear, simple communication is vital – and I felt the company could come up with a clearer picture of its offerings. Transparency is an essential part of building customer trust, and life insurance is no different.

I liked the variety of insurance options they offer, although permanent and universal life insurance seemed too complex for the average consumer. I wish the quotation process was a little friendlier. AIG has requested a lot of personal information from the start. They also warned me in advance that providing my phone number and email address means that I consent to receiving automated marketing calls from AIG with no option to withdraw consent.

Overall, however, AIG have a long history in the insurance space and perhaps they can be forgiven for a less than ideal digital experience.

Who is AIG best for?

Cost conscious

AIG life insurance will be well suited for cost conscious people. Your premiums are usually below the national average, so you get high quality, flexible coverage at a cheaper price.

Flexible terms

AIG speaks of having a flexible range of available term lengths from AIG so that you can lock out a little or a lot of the coverage. Terms of just 10 years or up to 35 years mean you can take care of your loved ones, whether that means they’re getting their high school diploma – or her High school graduation of the child. And with the choices of drivers on offer, you can customize your policies even further so you get exactly what you want.

Variety of guidelines

Regardless of what type of insurance you’re looking for, AIG has the right policy for you. From more complex life insurance policies and an indexed universal life insurance to a simpler term life insurance, AIG offers these.

Who shouldn’t use AIG?

Those who are looking for great customer service

If customer service is a priority for you, consider another provider. AIG’s customer service ratings have been subpar, which some may find disappointing.

The business scores a B. contact the Better Business Bureau due to unresolved customer complaints and reviews Consumer affairs Give an overall satisfaction rating of 2.5 stars out of 5.

DIY guys

If all you want to do is hop on and off you may be happier with a different provider. AIG makes it difficult to get a straight answer or a quick quote and asks you to jump through quite a few hoops before delivering the goods.

If you’re an “online” guy rather than a “phone” guy, you may prefer an insurance company with a slightly more robust digital presence.





Source link

Previous Post

Supermarkets stabbed drivers with above-average fuel price increases in December

Next Post

Recipes that whet your appetite for travel, from the Italian tagliatelle al ragu to the Moroccan lamb tagine

admin

admin

Related Posts

High quality auto insurance protection with discount for everyone
Insurance

High quality auto insurance protection with discount for everyone

by admin
April 2, 2021
How to do a cheap home gym
Insurance

How to do a cheap home gym

by admin
April 1, 2021
6 life insurance companies for children
Insurance

6 life insurance companies for children

by admin
March 31, 2021
11 financial tricks you shouldn’t fall for this April Fool’s Day joke
Insurance

11 financial tricks you shouldn’t fall for this April Fool’s Day joke

by admin
March 30, 2021
10 types of insurance anyone under 30 should understand
Insurance

10 types of insurance anyone under 30 should understand

by admin
March 29, 2021
Next Post
Recipes that whet your appetite for travel, from the Italian tagliatelle al ragu to the Moroccan lamb tagine

Recipes that whet your appetite for travel, from the Italian tagliatelle al ragu to the Moroccan lamb tagine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Post

Sylvester Stallone completes the Rocky IV Director’s Cut

Sylvester Stallone completes the Rocky IV Director’s Cut

April 7, 2021
Google Chrome OS 87 brings the tab search in the browser, battery information for Bluetooth headphones to Chromebooks

Google Chrome OS 87 brings the tab search in the browser, battery information for Bluetooth headphones to Chromebooks

December 5, 2020
Britain’s first gigaplant in Blyth will create 3,000 new jobs in the North East

Britain’s first gigaplant in Blyth will create 3,000 new jobs in the North East

December 11, 2020

Browse by Category

  • Baltic news
  • Cars
  • Computers
  • Defense
  • Editorial Cartoon
  • European news
  • Food
  • Gossip
  • Hollywood
  • Insurance
  • Medical
  • Money Matters
  • Space explorations
  • Sports
  • Technology
  • Travel
  • World News
FBX.EE

fbx.ee is a Latest News Blog That Bring the Latest News and get in Touch to World And Know What is Trending In World

Categories

  • Baltic news
  • Cars
  • Computers
  • Defense
  • Editorial Cartoon
  • European news
  • Food
  • Gossip
  • Hollywood
  • Insurance
  • Medical
  • Money Matters
  • Space explorations
  • Sports
  • Technology
  • Travel
  • World News

Recent Posts

  • Should your next car be electric or are they an expensive hassle?
  • MacBook and iPad production delayed as supply crisis hits Apple: Report
  • Violinist Sally Cooper performed on Jay-Z’s birthday at the invitation of BeyoncĂ©

Search

No Result
View All Result

© 2020 FBX.EE All Right Reserved

No Result
View All Result
  • Home
  • Entertainment
    • Food
    • Gossip
    • Hollywood
    • Travel
    • Editorial Cartoon
  • Knowledge
    • Insurance
    • Money Matters
    • Personal blogs
  • News
    • World News
    • Baltic news
    • European news
  • Technology
    • Cars
    • Computers
    • Defense
    • Medical
    • Space explorations
  • Sports

© 2020 FBX.EE All Right Reserved

en English
ar Arabicnl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?