Last Updated: May 2020
Disclaimer: We are not AIG Direct. If you’re looking for life insurance quotes from AIG Direct, you can go here.
You likely heard of AIG Direct life insurance while watching TV, on the radio, or have seen an advertisement online. AIG Direct seems to be everywhere and is quickly becoming a household name.
This article will review the information you need to know about AIG Direct life insurance. We’re a licensed life insurance agency and have an in-depth working knowledge of their operations and how they compare to other life insurance companies.
- What is AIG Direct?
- AIG Direct Financial Ratings
- Is AIG Direct a Good Life Insurance Company?
- AIG Direct’s Strengths & Life Insurance Products
- Frequently Asked Questions About AIG Direct Life Insurance
- Compare AIG Direct to Other Life Insurance Companies
What is AIG Direct?
AIG Direct is owned by the insurance company, AIG.
AIG Direct simply markets AIG life insurance products on behalf of the company. Essentially, you are contacting AIG for life insurance rates.
It’s also worth noting here the life insurance division of AIG recently changed their name from American General to AIG.
AIG Direct Financial Ratings
AIG is a great life insurance company. They have outstanding financial strength from all the major ratings agencies.
- AM Best: “A” (excellent)
- Moodys: A2 (good)
- Fitch: A+ (strong)
- Standard & Poor’s: A+ (strong)
And it’s no wonder since AIG has been in business since 1919, has assets of over $500 billion and is publicly traded and has developed into one of the world’s biggest insurance companies.
Is AIG Direct a Good Life Insurance Company?
After conducting our review of AIG Direct, we believe they are a great option for term life insurance, guaranteed universal life insurance, and guaranteed issue whole life insurance.
We think that AIG is one of the best life insurance companies in the US.
AIG Direct’s Strengths & Life Insurance Products
AIG’s strengths are in its process and life insurance products.
The experience of buying life insurance through AIG Direct is an efficient one since they’re owned by the life insurance company they’re offering. The technology and efficiency in their system are fantastic when compared to other life insurance companies.
In other words, you’ll get a policy quicker and with fewer headaches.
As far as product strengths go, AIG Direct’s strengths are in medically underwritten term life insurance, guaranteed universal life insurance, and guaranteed issue final expense life insurance.
We’ll cover those product strengths in detail below.
Term Life Insurance
Their term life insurance product is called “Select-A-Term” and this product has some of the best rates in the industry for term life insurance. When compared with dozens of other carriers, we’re always seeing them competitive.
On top of that, they’ll do terms outside of the standard 10, 15, 20, and 30-year terms. If you want a 17-year term life insurance policy, they can customize that policy for you.
Combine that with the financial strength and buying term life insurance from AIG should give you peace of mind.
Guaranteed Universal Life Insurance
Think of guaranteed universal life insurance like term insurance that lasts to age 121. It’s the lowest cost coverage with guaranteed level premiums for the rest of your life and AIG has one of the best policies on the market today.
As long as you pay your premiums, this life insurance policy will pay out. You won’t outlive its guarantees.
Their Secure Lifetime GUL 3 offers a 50% cashback option in year 20 and 100% return of premium in year 25 if you decided you don’t need the coverage anymore.
Guaranteed Issue Life Insurance
AIG has one of the best priced guaranteed issue products on the market today. This means there are no health questions whatsoever. You can apply over the phone and have coverage in force quickly.
It’s available to anyone between the ages of 50 to 85 for up to $25,000 of coverage. Payments are guaranteed level for the rest of your life and the death benefit will never decrease.
The catch is, you don’t get full benefits until after 2 years have passed. If someone passes away during that time, AIG will refund all premiums + 10%. This is standard for guaranteed issue life insurance. And of course, this makes sense so someone with a terminal illness can’t just buy coverage from every guaranteed issue company out there.
Frequently Asked Questions About AIG Direct Life Insurance
If you have any questions, please comment on this article and we’ll add it to this section of the article and email you back with the answer.
How do I get an AIG Direct life insurance quote?
You can click here and complete the form. This is the most efficient way to get a quote from AIG Direct.
Are AIG Direct life insurance rates competitive?
Yes. Very competitive. We recommend comparing the rates they give you to anything else on the market and you’ll see how competitive they are.
Can you really get $250,000 of life insurance for $14/mo?
You’ll see this claim on their advertising on their website and on TV. The answer is yes.
If you’re in good health and are fairly young, you can get $250,000 of life insurance for that amount.
Is there a medical exam involved to purchase life insurance from AIG Direct?
It depends. In most cases, yes, you’ll need to take a medical exam.
How fast does AIG Direct pay claims?
AIG life insurance pays claims quickly. Our experience has been if you had your policy for 2 years, claims will be paid within 7-10 days. If you’re in the contestability period (first 2 years of your policy), it may take a little longer as they’ll verify everything on your application was truthful. This is standard with every life insurance company.
What kind of life insurance policies does AIG Direct sell?
- Term life insurance
- Whole life insurance
- Universal life insurance (permanent life insurance)
- Guaranteed issue life insurance
- Accidental death insurance
What is AIG Direct’s Better Business Bureau (BBB) rating?
AIG Direct has an A+ rating with the Better Business Bureau.
What about AIG Direct Complaints?
If you search online, you’ll find complaints from some unhappy clients of AIG Direct. Just like you would any other big company. If someone has a bad experience, they’ll make sure the internet hears about it.
The complaints are the same issues you’ll find at any other agency. The life insurance application process can be frustrating no matter the company you choose – there’s a lot of things outside the control of AIG.
AIG Direct just happens to do a lot more business and is in the public eye so they’re a target for those frustrated with the process.
Compare AIG Direct to Other Life Insurance Companies
If you want a life insurance policy quick, easy and without having to see an agent face to face, AIG Direct is a great place to get coverage. You’ll get a competitive rate from a financially strong company.
We highly recommend AIG Direct, however, it’s always best to compare more than one life insurance company. We have reviewed over 50 life insurance carriers and agencies here to help you compare and make your decision.
Here are some of the other best life insurance companies to consider along with AIG.