AIG American General Life Insurance Company

AIG American General Life Insurance Company is one of the best life insurance companies internationally and one of the most financially stable companies True Blue is proud to offer. Offering a customizable term policy and guaranteed issue whole-life policy, AIG American General continues to rank very high among the most affordable term life insurance providers and offers one of the highest policy face values with a medical exam in the industry.

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Brian Greenberg, CEO

Last updated: February 10, 2022

While other companies will automatically reject people with various pre-existing conditions because they are more risk averse, AIG American General has some of the best underwriting for more of the higher-risk customers that other companies don’t want to insure. If you have a pre-existing condition, you can still be insured with affordable life insurance — even with a rejected application in your past.

AIG American General Term Monthly Rate Example:

(40-year-old male, non-smoker, in California)

Coverage Amount	10-Year Term	20-Year Term	30-Year Term
$50,000	$17.00	$19.42	$37.02
$100,000	$13.32	$15.83	$23.53
$250,000	$17.43	$24.57	$39.49

Best For

Not Good For

Those with tobacco use within the last 12 months (cigars excluded)
Mental disorders
Bankruptcy < 2 years
Drug/alcohol treatment < 2 years

Pros

Great living benefits
Fully convertible
Customizable term product

Cons

Longer-than-normal underwriting approval time

Learn More About AIG American General Life Insurance Plans

Plans	Description	Who Is It Right For?
AIG American General Select-A-Term	As one of the most competitive term policies on the market, AIG American Select-A-Term provides quality term coverage at an affordable rate.	People ages 18-70 Individuals seeking custom term protection Customers in good overall health Those who are best suited for a fully underwritten policy
AIG American General Return of Premium Select-A-Term	Offering a return of premium, this policy provides the ability to have your paid-in premiums refunded if you outlive the policy term.	Same as the Select-A-Term policy Customers who are looking for a forced-savings plan Individuals who want to have their premiums returned to them after the life of the policy
AIG American General Guaranteed Issue Whole Life	A final expense policy that guarantees coverage regardless of your medical issues or health condition	Customers ages 50-85 People who need affordable guaranteed coverage Those who are seeking final expense coverage of up to $25,000

AIG American General Select-A-Term and Return Of Premium

Select-A-Term Overview

AIG American General Life Insurance

When you’re looking for a company that is more open to applicants with riskier occupations and less-than-ideal medical histories, AIG American General typically comes out ahead of some of the other fully underwritten life insurance companies. Combine this with the ability to customize your term life insurance policy and AIG’s financial strength, and it’s easy to see why people continually choose AIG American General as their company.

The Select-A-Term product offered by AIG American General is a unique policy, as it allows you to choose the length of coverage that best suits you out of 17 different options. Other insurance companies typically offer only four choices. That extra flexibility, along with AIG American General’s excellent riders and competitive rates, make this life insurance carrier a popular choice among our customers.

Return Of Premium Overview

Father and son talking about AIG American General Life Insurance Offering the same great protections as the customizable Select-A-Term product, the return of premium policy provides a guaranteed refund equal to the premiums paid if you outlive the policy. Often viewed as a forced-savings plan, a return of premium policy provides an excellent way to save money for the future AND obtain the life insurance protection you need to care for your family’s financial future.

Don’t want to surrender the policy for the return of premium? No problem. Other options are available, such as converting the policy into a permanent policy, or continuing to pay premiums and receiving an endowment at age 95 equal to the face value of the policy. AIG American General offers a variety of options to better define your success and your family’s protection.

Common Features

Additional Riders

Children’s term rider – Provides term coverage to each child up to age 25, at which point it can be converted to a permanent policy
Disability rider – Provides coverage of policy premiums in the event you are totally disabled and unable to pay premiums
Accidental death benefit – Pays up to $250,000 in the event death results from certain accidental injuries
Disability income rider – Pays a monthly benefit of up to $3,000 if you are unable to work because of a covered illness or injury

Application Process

Step 1: Contact Us

Our job is to find the best solution for you without the typical sales pressure, and to answer any questions you may have. We shop for the best rates and then work with you to find the policy that is right for you. Call us at (866) 816-2100 or email us with any questions or to get a quote. You can also get your own quote on our website and request that we follow up with you once you’ve taken the time you need to research the many options available.

Step 2: Application

Once you have determined which insurance policy best suits you, we will send you the application and even help you complete it. Depending on the company, these applications can either be electronic or paper applications. Once the application is completed, we will inform you of the next steps (if there are any).

Step 3: Underwriting

The completed application is reviewed by the insurance company’s underwriting team, who will make a final decision on your application. Underwriting can be simple and quick, or long and complex, depending on the type of insurance policy you are applying for. We will keep you informed of the status and let you know if additional information is needed.

Step 4: Policy Issuance

Once the application is approved, your policy will be sent to you and you can select the payment option that works best for you. Upon receipt of the first payment, your policy coverage will be in effect.

Regulatory Information


Policy Minimum	$100,000	$50,000	$50,000
Policy Maximum (No Medical Exam)	N/A	$500,000	N/A
Medical Exam Required	Yes	No	Yes
Issue Age	18 – 80 years of age	18 – 65 years of age	18 – 75 years of age
Pricing Example (Male, Age 40, Non-Smoker, $250,000 in coverage)	$19.38 per month	$41.66 per month	$40.68 per month

AIG American General Guaranteed Issue Whole Life

Overview

final_expense If you are looking for guaranteed coverage from a reputable life insurance company, then AIG American General’s Guaranteed Issue Whole Life policy is a great option for you to consider. Providing final expense coverage of up to $25,000, this policy contains a graded benefit structure that returns premiums paid plus 10 percent, in the event that a death from natural causes occurs inside the first two years of the policy (accidents are covered at 100 percent of the death benefit). If you are diagnosed with a chronic or terminal illness after the two-year graded benefit period, included riders in the policy allow for you to access portions of the death benefits early, to help offset additional costs that arise as a result of your condition.

Common Features

Accelerated benefit:
- Chronic illness rider: If you get sick with a qualifying chronic illness and need to access a portion of your policy benefits early, this rider will pay out limited to the total premiums paid for the policy, up to 50 percent of the policy’s coverage amount, less any outstanding loan amount.
- Terminal illness rider: If you become terminally ill and require access to your policy benefits, you are eligible to receive 50 percent of your death benefit.
- Remaining policy values will be paid to your beneficiaries at death.

Application Process

Step 1: Contact Us

Step 2: Application

Step 3: Underwriting

Step 4: Policy Issuance

Regulatory Information


Policy Minimum	$5,000	$2,500	$1,214
Policy Maximum (No Medical Exam)	$25,000	$25,000	$9,712
Medical Exam Required	No	No	No
Issue Age	50 – 85 years of age	25 – 80 years of age	50 – 80 years of age
Pricing Example (Male, Age 60, Non-Smoker, $10,000 in coverage)	$51.92 per month	$63.16 per month	$79.60 per month

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About the author

Brian Greenberg

Founder and CEO

Brian is licensed to sell life, health, annuities, and property and casualty insurance in all 50 U.S. states. He is the author of The Salesman Who Doesn't Sell and is a member of the Million Dollar Round Table, an organization that consists of the top 1% of financial advisors worldwide.