There are several things that can drive up the cost of purchasing a life insurance policy, including current and past health conditions, your family’s medical history and your age. Fortunately, AIG Life Insurer Companies have several options to meet a range of budgets.
Contact an AIG Life Insurance agent today at 800-390-3019 to learn more and get a quote for Guaranteed Issue Whole Life Insurance.
Term life insurance
Term life insurance policies are generally the most affordable because they only provide coverage for a specific period of time (usually one to 30 years). If you outlive your term, your insurance company does not have to pay out the death benefit to your beneficiaries.
When purchasing a term life policy, you’ll typically have a few different options. Term life insurance products from AIG Life Insurer Companies include:
- Level term life insurance. These plans last between 10 and 30 years and your premium remains the same for the life of the policy. It’s an easy-to-understand policy that’s simpler to budget.
- Renewable term life insurance. Renewable term plans are better suited for a shorter term length, usually between one and five years. You have the option to renew the policy. With each renewal, your premium is determined by your current age. This can become cost-prohibitive as you get older.
- Convertible term life insurance. A convertible term life policy could have a lower premium than a traditional life policy, and you have the option to convert it into a permanent life insurance policy during a specific window of time. This type of policy offers additional flexibility not typically available with a standard term policy.
- Return of premium (ROP) term life insurance. Unlike a traditional term policy, which doesn’t carry any cash value and expires at the end of the term, an ROP term life policy refunds your premiums if you outlive the term. Our ROP policy doesn’t require a medical exam. However, the premiums are more expensive than other term plans.
Get a Free Quote
With flexible terms and coverage, a term life insurance policy may be able to provide the benefits you need at a price you can afford. Fill out this form for your free term life insurance quote or speak with an agent at 800-390-3019.
Whole life insurance
Whole life insurance is typically more expensive than term life insurance because it remains in effect for your entire life and builds cash value.
However, if you have been denied a term life insurance policy, Guaranteed Issue Whole Life Insurance may be able to provide the coverage you need with no medical exam or health questions.
In fact, AIG Life Insurer Companies guarantee that anyone age 50-85 will not be turned down for Guaranteed Issue Whole Life Insurance coverage, regardless of their current health or past medical issues.
Get a free quote
A licensed insurance agent can help you determine how much an AIG Life Insurer Companies Guaranteed Whole Life Insurance policy will cost you. Call 800-390-3019 for your free quote today.
 Source: https://www.nerdwallet.com/blog/insurance/what-is-the-difference-between-term-whole-life-insurance/?trk=nw_gn_4.0#3
Agency services provided by AIG Direct Insurance Services, Inc. ("AIG Direct"), CA license # 0B57619 and AR license # 0100105378, a subsidiary of American General Life Insurance Company ("AGL"), Houston, TX and an affiliate of The United States Life Insurance Company in the City of New York ("US Life"), New York, NY, all members of American International Group ("AIG").
Policies issued by: American General Life Insurance Company (AGL), Policy Forms: ICC15-15532, 15532, 15532-5, 15532-10. Rider Numbers: ICC15-15200, ICC15-15201, 15200, 15200-10, 15200-35, 15201, 15201-9, 15201-10 and 15201-35except in New York where issued by The United States Life Insurance Company in the City of New York (US Life), Policy Form Number: 15532N. Issuing companies AGL and US Life are responsible for financial obligations of insurance products and are members of American International Group, Inc. (AIG).
Products may not be available in all states and product features and rates may vary by state. Guarantees are backed by the claims-paying ability of the issuing insurance company. Each issuing insurance company is responsible for financial obligations of their respective insurance. For all companies mentioned, their financial professionals and other representatives are not authorized to give legal, tax or accounting advice. For advice concerning your individual circumstances, consult a professional attorney, tax advisor or accountant.
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