AIG Term Life Insurance Rates: A Comprehensive Guide to Policy Riders and Coverage

AIG term life insurance rates can be a bit complex, but don't worry, we've got you covered.

AIG offers a range of policy riders that can customize your coverage to fit your needs.

Some of these riders include the Waiver of Premium Rider, which waives future premium payments if you become disabled, and the Accidental Death Benefit Rider, which pays out an additional death benefit if your death is caused by an accident.

AIG term life insurance policies can provide coverage up to $1 million, with varying term lengths and payment frequencies to choose from.

Getting quotes and rates for AIG term life insurance can be a straightforward process. To get the best premium quotes, consider working with an independent life insurance agency or brokerage.

These agencies can provide unbiased information and help you compare policy and price options. You can also use their services to compare top products quickly and conveniently from your computer.

If you're looking for the lowest premiums, you may want to consider AIG's Select-a-Term policies. These policies feature some of the lowest premiums in years, especially for policies with longer term durations and death benefit amounts of $250,000 and above.

Select-a-Term policies offer a wide range of term durations, including 10-year, 15- through 30-year, and 35-year terms, with renewable coverage until age 95. They also offer a competitive conversion credit feature that allows a portion of the term premium to be applied to a new permanent policy.

Here are some key features of Select-a-Term policies:

By working with an independent agency or brokerage, and considering AIG's Select-a-Term policies, you can find the best quotes and rates for your AIG term life insurance needs.

AIG has announced new rates for Select-a-Term term life insurance, effective February 21, 2023.

In all states except New York, well over 90% of cells have lower premiums with an average rate reduction of nearly 2%. In New York, more than 80% of cells have lower premiums with an average reduction just over 4%.

Face amounts $500,000+ are now even more competitive, with top 2 ranking in 89% of the monthly premium cases.

Select-a-Term continues to offer some of the very lowest premiums, with new product rates available effective February 21, 2023.

To take advantage of the new rates, applications received in the Home Office prior to March 20, 2023, will manually be given the product with the lowest rates prior to policy issue.

However, this does NOT apply to previously issued or conditionally issued policies.

AIG's term life insurance policies can be customized with riders, or policy add-ons, which extend your coverage in certain situations.

Accidental death benefit is a rider available for AIG's term policies, providing up to $250,000 in additional coverage, or your term policy's face value if it's less than $250,000. This coverage expires when you turn 70 years old.

The terminal illness rider is included for free with AIG's term life insurance policies, allowing you to receive a portion of your death benefit if you're diagnosed with a terminal illness and have less than two years to live.

Waiver of premium is another rider that waives your premiums if you become totally disabled for at least six months, and premiums continue to be waived so long as the total disability persists.

Protection is a top priority when it comes to life insurance. AIG's term life insurance policy, Select-a-Term, offers a guaranteed payout if the policyholder dies within the stated term, which can range from 15 to 35 years.

This type of insurance can be customized to fit your needs. You can purchase coverage between $500 and $25,000 for your children, which extends until they turn 25 or you turn 65.

If you're considering a return of premium term life insurance, you'll typically need to be under the age of 55. AIG's return of premium policy is a great option, but it comes with a higher price tag, costing two to three times as much as a standard term policy.

Customization is key with this type of policy, with term lengths starting at 20 years and a minimum policy size of $100,000. This means you can choose a policy that fits your needs and budget.

The policy works like a whole life insurance policy during the initial term length, building a cash value that's guaranteed to be equal to the amount you've paid in premiums by the end of the term. For example, if you pay $1,000 per year in premiums for 20 years, the policy's cash value at the end would be $20,000.

At the end of the level term period, you have several options to consider. You can surrender your policy and receive the full amount you've paid in premiums, or convert your term life insurance to a permanent policy, rolling in the existing cash value. Alternatively, you can stop paying premiums and have a paid-up life insurance policy that extends until age 95, though the death benefit will be smaller than it was when you initially purchased coverage.

Here are your options at the end of the level term period:

Ultimately, a return of premium term life insurance is a great option if you can afford the higher premiums right now and are willing to sacrifice the opportunity cost of having that money available to you.

AIG's term life insurance policies can be customized with riders, or policy add-ons, which extend your coverage in certain situations.

The Accidental Death Benefit rider provides up to $250,000 in additional coverage, or your term policy's face value if it's less than $250,000, and coverage expires when you turn 70 years old.

This rider is less expensive than a term policy because your beneficiaries would only receive a payout if you die in an accident.

AIG's Terminal Illness Rider is included for free with their term life insurance policies and allows you to receive a portion of your death benefit while still alive if you're diagnosed with a terminal illness and have less than two years to live.

However, there is a fee for accelerating the death benefit early, up to $500, and some terms change by state, so you should contact the company if you're interested in using this feature.

The Waiver of Premium rider waives your premiums if you become totally disabled for at least six months, and premiums continue to be waived so long as the total disability persists.

If you become totally disabled after age 60, the coverage extends for up to one year (or you turn 65), with the only exception being if you become totally disabled after age 60.

AIG is a well-established insurance company with a long history of providing term life insurance policies. They offer a range of term life insurance options to suit different needs and budgets.

One of the key benefits of AIG's term life insurance policies is that they can provide coverage for a specific period, such as 10, 20, or 30 years. This can be particularly useful for people with temporary financial obligations, like paying off a mortgage or supporting dependents.

AIG's term life insurance policies typically have a level premium, which means that the premium remains the same throughout the policy term. This can help make budgeting easier and more predictable.

AIG offers a range of term life insurance policies to suit different needs, including the Select-a-Term Policy and the AG ROP Select-A-term.

This policy provides coverage for 10, 15, or up to 35 years, with 18 different term options to choose from.

One of the key benefits of the Select-a-Term Policy is its convertibility, allowing policyholders to convert it into a permanent life insurance policy at any time before the end of the level premium period or age 70.

Conversion does not require a medical examination or evidence of insurability.

The AG ROP Select-A-term plan offers life insurance protection with the possibility of receiving premium payments back tax-free at the end of the level premium term without a claim.

AIG's term life insurance provides affordable and fixed premium rates, as well as a guaranteed death benefit throughout the level period.

AIG is a leading insurance company that offers a range of policy options to suit different needs and budgets. They have a long history of providing financial protection to individuals and businesses.

AIG was founded in 1919 by Cornelius Vander Starr, and it has since grown to become one of the largest insurance companies in the world. Today, AIG operates in over 80 countries and offers a wide range of insurance products.

AIG's policy options include life insurance, health insurance, and property and casualty insurance, among others. They also offer specialized insurance products, such as aviation and marine insurance.

AIG offers a range of life insurance coverage options, including term and permanent life insurance. These options provide varying levels of protection and flexibility.

Term life insurance is a basic type of life insurance protection that offers death benefit protection only, without a cash value component. It's often possible to obtain a high amount of benefit for a very affordable premium price.

AIG's term life insurance terms can run for just a few years, or up to 35 years, depending on the age and health condition of the insured at the time the policy is initially applied for.

Whole life insurance, on the other hand, is a form of permanent life insurance protection that provides both a death benefit and a cash value portion of the policy. The amount of the death benefit and the premium price are guaranteed throughout the life of the policy.

The cash value in a whole life insurance policy grows tax-deferred, meaning there's no tax due on the gain of these funds unless or until they are withdrawn.

Here are the main types of life insurance offered through AIG: