Present in more than 80 countries, AIG is one of the world's largest insurers and has literally millions of customers.
In this in-depth review article we look at:
AIG was founded in 1919 and is one of the oldest and largest insurers in the world. However, it experienced controversy in the 2000s due financial speculation with credit default swaps, which led to the company being bailed out by the US government. Today, the company offers a wide range of life insurance products.
AIG offers several different life insurance policies in the UK, including term life insurance and whole of life insurance. The company also offers a variety of optional add-ons that can be added to life insurance policies, such as accident and critical illness cover.
AIG Life insurance is available to UK residents aged 18-70. The cost of life insurance from AIG will vary depending on your age, health, and the type of policy you choose.
When taking out life insurance with AIG, you will need to provide some personal information, including your name, date of birth, address, and contact details. You will also need to answer some health questions.
UK customers have generally been happy with the life insurance policies offered by AIG. The company has a Trustpilot score of 3.5 out of 5, with 56% of customers rating AIG as "excellent" and 4% rating AIG as "good".
The main advantages of AIG Life insurance are:
The main disadvantages of AIG Life insurance are:
AIG pays out on the overwhelming majority of life insurance claims. See how these pay-out rates compare vs the industry average for life insurance companies.
Life insurance can be a tax deductible business expense in certain cases. For example, if the life insurance policy is taken out on a key employee, the premiums can be deducted as a business expense. Additionally, if the life insurance policy is used as collateral for a business loan, the
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