Term life insurance is one of the most aﬀordable life insurance products on the market, making it a popular option for people who want to better plan for their family’s financial future. Here, we examine what a 55-year-old male can expect from a term life insurance policy.
A life insurance policy pays out a pre-determined sum of money to an appointed beneficiary upon the policyholder’s death. It is common for people to purchase a life insurance policy when they get married, have children or start a business to help ensure their dependents are financially provided for after their death.
There are two main categories of life insurance: term life and whole life. Whole life insurance remains in eﬀect for the entirety of a person’s life, typically making it a more expensive product than term life insurance.
Term life insurance expires after a certain amount of time (or term). Term life insurance has numerous term options, making it a good life insurance option for individuals who are looking for flexibility and aﬀordability. A 55-year-old male can usually choose from terms that range from one to 30 years.
AIG Life Insurer Companies oﬀers four types of term policies to fit your needs:
The type of term life policy you’ll be approved for depends on numerous factors, including your age, health and lifestyle. Although a healthy 55-year-old male may have the option to purchase a fully underwritten policy, a less healthy 55-year-old male who smokes may be rejected for the same policy.
Call 866-971-4232 to get your free term life insurance quote. Agents are available and happy to help you find the right policy for you, your needs and your budget!
 Source: https://www.nerdwallet.com/blog/insurance/types-of-life-insurance/
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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