AIG whole life coverage is a big life insurance company that has been around for a long time and offers great permanent coverage options like guaranteed issue whole life. However, they have a long way to go when it comes to customer service. Our AIG review dives deep into their pros and cons, offers, and benefits to help you decide if this is the company for you.

Unlike some other companies that offer no exam policies, AIG still requires a medical examination and full underwriting before they issue a policy. The process is similar to a physical students take before participating in high school sports and takes about a half-hour or so. Once the underwriters have all of the information, they will review it and provide a formal coverage decision along with precise premiums.

Affordable AIG Life Insurance Plans for Every Budget

This means that AIG whole life policy rates are going to be slightly higher than a fully underwritten no exam policy, but it’s important to remember that these policies will have more flexibility in terms of coverage amount and premium payments. In addition, AIG offers living benefit riders that give you access to a portion of your death benefit while you are alive to help with things like cancer treatments or heart bypass surgery.

AIG also has a range of other products to offer, including an excellent line of term life insurance and a number of universal life insurance (UL) policies that combine the best of both worlds of permanent coverage with the ability to increase or decrease the death benefit and premium amounts over time.