Aig Life Insurance Company

AIG Life Insurance company is one of the leading insurance companies in the United States. They offer a wide range of insurance products to their clients, including life insurance, disability insurance, and long-term care insurance. The company has been in operation for over 100 years, and it is known for its commitment to customer service and financial stability.

History of AIG Life Insurance Company

AIG Life Insurance Company was founded in 1919 as American International Underwriters Corporation. The company was started by Cornelius Vander Starr, who had previously founded an insurance agency in Shanghai, China. The company grew rapidly, and by the 1950s, it had become one of the largest insurance companies in the world.

In 1962, the company changed its name to American International Group (AIG), reflecting its global reach and diverse range of insurance products. Today, AIG serves clients in over 80 countries around the world, and it is one of the largest insurance companies in the United States.

AIG Life Insurance Products

AIG offers a range of life insurance products to meet their clients’ needs. These include term life insurance, whole life insurance, and universal life insurance.

Term Life Insurance

Term life insurance is a type of life insurance that provides coverage for a specific period, typically 10, 20, or 30 years. This type of insurance is ideal for individuals who want to protect their loved ones during a specific period, such as when they have young children or have a mortgage to pay off.

AIG offers three types of term life insurance: Select-a-Term, QoL FlexTerm, and QoL ValueTerm. Select-a-Term allows clients to choose the length of their coverage, while QoL FlexTerm and QoL ValueTerm offer fixed terms of 10, 15, 20, 25 or 30 years.

Select-a-Term

Select-a-Term is a flexible term life insurance policy that allows clients to choose the length of their coverage. This policy is ideal for individuals who want to customize their coverage to meet their specific needs. Clients can choose coverage term from 10 to 35 years, and they can also add riders to their policy to provide additional coverage for things like accidental death or disability.

QoL FlexTerm

QoL FlexTerm is a term life insurance policy that provides coverage for a fixed term of 10, 15, 20, 25, or 30 years. This policy offers a level premium for the entire term of the policy, and it is ideal for individuals who want to protect their loved ones for a specific period. Clients can also add riders to their policy to provide additional coverage for things like critical illness or chronic illness.

QoL ValueTerm

QoL ValueTerm is a term life insurance policy that provides coverage for a fixed term of 10, 15, 20, 25, or 30 years. This policy offers a level premium for the entire term of the policy, and it is ideal for individuals who want to protect their loved ones for a specific period. This policy has a lower premium than QoL FlexTerm because it does not offer the same flexibility. Clients can also add riders to this policy to provide additional coverage for things like accidental death or disability.

Whole Life Insurance

Whole life insurance is a type of life insurance that provides coverage for the entire life of the insured. This type of insurance is ideal for individuals who want to provide long-term protection for their loved ones, as well as build cash value over time.

AIG offers two types of whole life insurance: QoL Guarantee Plus and QoL Max Accumulator+.

QoL Guarantee Plus

QoL Guarantee Plus is a whole life insurance policy that provides a guaranteed death benefit and a guaranteed level premium for the entire life of the policy. This policy also builds cash value over time, which can be used to supplement retirement income or provide an emergency fund.

QoL Max Accumulator+

QoL Max Accumulator+ is a whole life insurance policy that provides a guaranteed death benefit and the potential to build cash value over time. This policy offers flexible premiums and the ability to choose from a range of investment options. Clients can also add riders to their policy to provide additional coverage for things like critical illness or chronic illness.

Universal Life Insurance

Universal life insurance is a type of life insurance that provides coverage for the entire life of the insured, as well as the ability to build cash value over time. This type of insurance offers more flexibility than whole life insurance, as clients can adjust their coverage and premiums as their needs change over time.

AIG offers two types of universal life insurance: QoL FlexLife and QoL Index Plus Advantage.

QoL FlexLife

QoL FlexLife is a universal life insurance policy that provides a guaranteed death benefit and the ability to build cash value over time. This policy offers flexible premiums and the ability to choose from a range of investment options. Clients can also add riders to their policy to provide additional coverage for things like critical illness or chronic illness.

QoL Index Plus Advantage

QoL Index Plus Advantage is a universal life insurance policy that provides a guaranteed death benefit and the potential to build cash value over time. This policy offers a fixed premium for the entire life of the policy, and it is tied to the performance of a stock market index. Clients can also add riders to their policy to provide additional coverage for things like critical illness or chronic illness.

AIG Life Insurance FAQ

In conclusion, AIG Life Insurance company is a well-known and respected insurance company that offers a range of insurance products to meet their clients’ needs. Whether you are looking for term life insurance, whole life insurance, or universal life insurance, AIG has a policy that can provide the coverage you need. Their commitment to customer service and financial stability make them a reliable choice for anyone looking for life insurance.