AIG Life Insurance and Moving to a New Country

What Happens to Your AIG Policy When You Move Abroad?

When you relocate to another country, your AIG life insurance remains active if you continue paying premiums. AIG's global policy framework allows most life plans to stay in force regardless of residence, but you must notify the company and update your address and contact details. Failure to do so can trigger a lapse or a change in coverage terms.

Steps to Update Your Policy

• Contact AIG customer service via phone or online chat and request a change‑of‑address form.
• Provide proof of your new residence: lease agreement, utility bill, or government ID showing the foreign address.
• Confirm that your policy is still eligible for your new country's tax treatment and that you are not subject to a new residency tax regime that could affect the policy's cash value.

Consideration: International Policy Riders

AIG offers specific riders for expatriates, such as the Global Return of Premium (GRP) rider and the Worldwide Accidental Death Benefit. These riders can adjust payouts to accommodate currency fluctuations and different legal systems. Verify with a local AIG representative whether these riders apply to your policy and what additional documentation is needed.

Premium Payment Options Overseas

Premiums can be paid in the currency of your new country or in U.S. dollars, depending on your policy type. AIG accepts wire transfers, automated debit, and credit card payments worldwide. Check the currency conversion fee and the impact on your premium amount. If you are in a country with limited banking infrastructure, consider using an international payment service or a local bank that partners with AIG.

Tax and Legal Implications

Life insurance tax treatment varies by country. In some jurisdictions, death benefits are tax‑free; in others, they may be subject to inheritance or capital gains taxes. AIG provides a tax summary for each policy, but you should consult a local tax advisor to understand how your new residency affects benefits, surrender values, and any potential tax liabilities.

What to Do If Your Policy Lapses

If you miss a premium after moving, contact AIG immediately. Many policies allow a grace period of 30 to 60 days before lapse. During this window, you can reinstate the policy by paying the missed premium plus any late fees. If the policy has fully lapsed, you may need to apply for a new policy or a reinstatement, which could involve a medical exam and a new underwriting process.

Key Contacts and Resources

• AIG Global Customer Service: 1‑800‑AIG‑LIVE (1‑800‑232‑4567) or online chat.• AIG Expatriate Support Center: email support@aigglobal.com.• Local AIG representatives: find your nearest office via the AIG website's office locator.