Understanding AIG Term Life Insurance Policies

What AIG Term Life Insurance Provides

AIG's term life insurance offers a fixed death benefit for a set period, typically 10, 20 or 30 years, without cash value accumulation. The policy pays the benefit if the insured dies during the term, helping beneficiaries cover expenses such as mortgage payments, education costs or income replacement.

Key Features to Review

When comparing AIG term policies, focus on:

• Term length options and the ability to convert to a permanent policy
• Level vs. increasing death benefit structures
• Eligibility criteria, including age limits and health requirements
• Premium payment frequency and any guaranteed‑renewal provisions

How Costs Are Determined

Premiums depend on age, gender, health status, lifestyle factors (e.g., smoking) and the chosen coverage amount. AIG typically offers lower rates for younger, healthier applicants, and the cost rises with each additional year of age or increased risk factor.

Evaluating Suitability

Assess whether a term policy matches your financial goals by estimating how long you need coverage—often until major debts are paid or dependents become financially independent. Use AIG's online quote tools or speak with a licensed agent to obtain personalized rates and confirm any policy riders that may be relevant, such as accelerated death benefits.

Conversion and Renewal Options

AIG often includes a conversion clause allowing you to switch to a permanent policy without new medical underwriting, though the new premium will reflect your current age. Some plans also permit guaranteed renewal at the end of the term, typically at a higher rate.

Comparison Table