AIG Direct Review

Founded in 1995, AIG Direct is one of the largest insurance organizations in the world, having helped over 6 million people find top quality life insurance protection at affordable rates. Their experienced and licensed life insurance agents work directly with customers to find the best life insurance coverage for all budgets and needs, all conveniently over the phone or online.

Headquartered in San Diego, California, AIG Direct is also one of the most trusted and financially stable multinational insurance corporations with both an A.M. Best credit rating of A, as well as an A+ rating with the Better Business Bureau.

To learn more about everything AIG Direct has to offer as a life insurance provider, continue reading below.

Key Features

AIG Direct offers a variety of term, permanent, quality of life, and accidental death life insurance policies.

Term Life Insurance

AIG Direct offers life insurance on level terms or a fixed premium payment for the duration of the term. It also has a fixed benefit amount and the terms range from 10 to 30 years, usually in 5-year increment, but are sometimes available in one-year increments. Common durations for level life insurance policy terms include:

A longer term could mean a higher monthly premium, because the carrier typically averages the cost of insuring someone who is younger with the cost of insuring someone who is older (when premiums are more expensive). Because level term life insurance has a "set it and forget it" fixed payment, it can be easier for families to budget. Having a fixed benefit that pays the face amount also holds appeal as straightforward, "pure" insurance.

AIG Direct also offers the ability to renew term policies to continue the coverage after the fixed term expires without any additional underwriting required. The premium for a renewable term policy generally is based on the insured's current or attained age.

Along the same line, AIG Direct also helps people to convert their term life insurance into a permanent life insurance policy, without a medical exam or the need to prove insurability. As time goes on, policyholders may need more coverage (the benefit amount of the converted policy cannot be higher than the benefit amount of the original term policy), or they might decide a policy with a cash value makes more sense. Having the ability to convert the policy offers nice flexibility as needs or financial goals change.

Quality of Life Insurance

Quality of Life insurance can be an affordable option for anyone who wants to help ensure that their family and loved ones are not overwhelmed by the financial responsibility of medical costs.

Quality of Life Insurance and Chronic Illness

A qualifying illness or physical condition is one that is certified by a licensed health practitioner in the last 12 months that would prevent you from performing at least two "Activities of Daily Living", without substantial assistance or requires substantial supervision from another person to protect you from threats to health and safety due to cognitive impairment.

Activities of daily living include:

Quality of Life Insurance and Critical Illness

A critical illness is a sudden and severe illness or physical condition covered under the rider. Some examples of these types of ailments include, but are not limited to, major heart attack (heart attack in certain states), stroke, invasive cancer and paralysis.

Quality of Life Insurance and Terminal Illness

A terminal illness is an illness or physical condition diagnosed and certified by a physician to be reasonably expected to result in your death within 24 months from the date of certification.

Permanent Life Insurance

Whole Life Insurance

Whole Life insurance is permanent life insurance coverage often chosen by individuals who want to lock in a fixed rate of premium for the rest of their life. Though whole life policies can be more expensive than some other types of life insurance, the long-term financial predictability of obtaining a lifelong level premium is appealing to some. Whole life insurance carries cash value which typically grows on a tax-deferred basis. These product features may make whole life a good choice for individuals with larger budgets to work with. This type of coverage might also be a good fit if you are concerned about your predisposition for illness or diseases based on your family history. This is because you will not be asked to complete additional medical exams once your policy is in place.

Universal Life Insurance

Universal life insurance is a type of permanent life insurance coverage similar to whole life insurance that offers more flexibility in premiums than whole life coverage. Universal life carries interest-earning cash value much like whole life insurance. However, universal life policies also have the added benefit of adjustable death benefits. This means that (in most cases) you can make changes to your policy’s death benefit as your needs may change. Because of this, universal life coverage may be a better fit for younger people looking for a permanent insurance option as well as those who are unsure of their future needs.

Guaranteed Issue Whole Life Insurance

Guaranteed Issue Whole Life Insurance, sometimes called Guaranteed Acceptance Whole Life Insurance, is a type of permanent life insurance coverage that was initially developed for adults ages 50-85. With up to $25,000 in guaranteed issue coverage, some people also call GIWL “no medical exam life insurance”. It is often chosen by older adults who are looking to provide their loved ones with funds to handle their final medical bills and remaining expenses following their passing. GIWL may be a good fit if you already have life insurance coverage of some kind but are looking for a policy with smaller face value to help with final expenses.

Accidental Death Insurance

Accidental Death and Dismemberment (AD&D) Insurance works to financially protect you and your family should you get seriously injured or killed in a covered accident.

To help you quickly find a policy that fits your needs, you can get a personalized quote in minutes by filling out AIG’s online form with the following information:

If you prefer, you can also get a quote with the help of an AIG Direct life insurance agent by phone.

Pricing

Finding a life insurance policy either through AIG’s online form or with the help of one of their agents through phone is completely free. What you pay when you actually secure a policy, however, is going to be different from person to person.

However, AIG Direct does claim on their website that you can get $250,000 of term life insurance coverage for as low as $14 per month

Conclusion

AIG Direct has helped millions of people find affordable life insurance, boasts an A.M. Best credit rating of A and A+ rating with the Better Business Bureau, and is Norton secured for the safest-possible online experience.

If you want to ensure your family is taken care of and receives a payout in the case of natural or accidental death (which all policies provide with the exception of AD&D), getting in contact with AIG Direct is a great first step.