American General Life Insurance has been around since 1826. They currently hold an "A" (excellent) rating with A.M. Best. A.M. Best is the industry benchmark for financial strength in the life insurance industry. Do not let this stop you from still shopping around. So whether you are looking to purchase your first life insurance policy or looking to replace a current one that is not the best for your needs, such as a FEGLI retirement benefit plan, we are here to help you!
Before you make your final life insurance purchase decision though, we recommend looking into some other company reviews as well, such as our reviews on Zander Insurance, Primerica Life Insurance and United Home.
In 2001 AIG acquired American General. A common question that's raised with our clients is regarding the bailout and if American General Life Insurance in 2008 and if American General is a reliable company. In short, American General and all their policy holders are in great hands. American General Life Insurance Company is a separate entity with a different set of financials than AIG. Industry laws require a set amount of reserves to pay claims and they can't be comingled with any other entities. If AIG went down, American General would still be fine. AIG is ranked among the top ten life insurance companies. We also offer reviews of all of the top ten companies, such as Banner Life Insurance.
American General currently offers term life insurance, universal life insurance, variable universal life insurance, index universal life insurance and whole life insurance. They are competitive in all categories. We understand that it can be intimidating to search out coverage for those that need affordable coverage for Life Insurance for smokers, life insurance with diabetes or trying to find an affordable no medical exam life insurance policy, but rest assured, we are here to help you!
At RootFin.com we are appointed and licensed to offer American General life insurance products, we only have good things to say about them. They are very fair and I would go so far as to say very lenient with their underwriting guidelines. Their service is impeccable and they have some of the best sub-standard rates on the market.