Top Plans and Rates of American General AIG Life Insurance Review 2018

AIG Life Insurance Reviews

Review of AIG American General Life Insurance

If you are looking for American General Life Insurance Company [AGLA] or AIG reviews then you are in the right place. In the following article we will cover the pros, cons, and recommendations when considering American General as your life insurance provider. With access to dozens top rated companies we can help direct you to the most appropriate life insurance company based on your unique need, health and lifestyle.

American General Life, owned by American International Group ( is a top rated life insurance company in 2018 and currently in both our top ten best life insurance companies in the United States list and most affordable life insurance companies list.

The video below will explain the importance of having options when shopping for the best life insurance quotes.

About American General Life Insurance Company

review of american general aigThe company’s history dates back to 1919 when it began as a general insurance company in Shanghai, China. in 1926, AIG, then called American International Underwriters, opened its first U.S. office in New York. and finally, in 2001, AIG acquired American General Corporation.

American General Life Insurance Company and The United States Life Insurance Company in the City of New York are part of American International Group, better known as AIG. AIG Life Insurance has done an excellent job of rebuilding the company’s image, which took a huge hit about 9 years ago. This resurgence can be seen specifically in the company’s strong financial ratings.

American General Life Insurance Company’s Ratings

Any good review of American General Life Insurance Company will need to address the company’s strong ratings. As of March 2, 2015, A.M. Best Company gives AIG Life Insurance an A, excellent rating. Standard and Poor’s gives AIG Life Insurance an “A+” rating. Either way you cut it, American General Life Insurance is on solid financial footing.

  • A.M. Best rating: A, excellent
  • Standard and Poor’s rating: A+
  • Fitch’s rating: A+
  • Moody’s rating: A2
  • Comdex rating: 81

American General Life Lab Scoring

American General Life is rather unique in that it uses a lab scoring methodology in conjunction with common industry underwriting practices to determine preferred rate classes for Term life insurance policy applications, and overall acceptability. Potential insured’s with favorable lab scoring results, in addition to the Company’s established preferred criteria, are eligible to receive AG’s best offers.

Lab scoring can cut both ways. For example, a person who has preferred plus blood and urine work, but who pops for some negative on the lab scoring, will lose his or her preferred plus rate class. Alternatively, a person who is on the border between rate classes can actually see his or her rate class improve with a positive lab score.

Pros of Choosing AIG for Life Insurance

There are many pros to choosing an AIG life insurance policy, underwritten by American General.

Products offered by American General Life Insurance Company

American General offers several different types of policies, including term life vs permanent life insurance.

AG Select-A-Term:

American General Life is unique in that the company offers level term life insurance for 10, 15, 16, 17, etc…all the way to 30 years for the Select-A-Term product.

Term Life is an excellent choice for those who need coverage for a set number of years. For example, you can choose a term that coincides to a SBA loan or divorce settlement where you only need the coverage for a specific period of time.

In addition, AG offers convertible term life insurance which allows you to convert all or a portion of your policy to permanent life insurance coverage. The benefit of a conversion option is if you are diagnosed with a health ailment that may keep you from getting life insurance you can always convert your policy and keep it the rest of your life. Also, you may find that it just makes sense to keep your coverage, so rather than buy more term that will one day expire, you simply convert your policy at the health rate class you originally qualified for.

AG ROP Select-A-Term:

The Company also offers return of premium term life insurance so that you can recoup all your premiums tax free upon the end of the term.

AG Secure Lifetime GUL 3:

Competitively priced guaranteed universal life insurance that builds cash value and provides valuable estate planning protection.

Guaranteed Universal Life is an excellent estate planning tool or business succession tool. Consider guaranteed universal life if you are more concerned about a death benefit and do not need high cash value growth.

AG Secure Survivor GUL II:

Survivorship universal life insurance coverage that covers two lives and pays out upon the survivor’s death. Available for ages 50-75. It is also a solid choice for family business owners succession planning or funding an irrevocable life insurance trust.

Survivorship life insurance is not for protecting your spouse but is focused on leaving money to a beneficiary, whether it be a child or a charity.

Elite Index II and Survivor Index II:

Similar to the GUL products above, AIG’s Index Universal Life Insurance offers flexibility with three interest crediting accounts to choose from.

Elite Index II offers a guaranteed minimum floor on the fixed account of 2% and .25% for the indexed accounts. There is also a maximum amount you can gain, which is based on the cap rate and the participation rate declared by the company.

Choice Loans

Another option with the Elite Index II product is choice loans, which provides that if you take out a life insurance loan, your cash value in an indexed account will continue to participate in the index. That way you continue to earn interest crediting on your cash value, even with an outstanding policy loan.

Accelerated Access Solution

Elite Index II also offers a chronic illness benefit that allows you to receive a protion of the death benefit as a monthly income stream.

AG Platinum Choice VUL:

Variable universal life insurance allows the owner to invest the policy accumulation value into variable accounts. Unlike IULs, a VUL directly invests in the market through different account options, similar to mutual funds. And unlike IULs, there are no guarantee floors or caps so you potentially have unlimited gains and losses.

Guaranteed Issue Whole Life Insurance:

Guaranteed issue life insurance provides coverage for those who have a pre-existing high risk condition. Available for ages 50-85. The policy comes with a  2 year graded death benefit and a $25,000 maximum coverage amount.

Click the following for more reading on the different burial insurance policies or final expense insurance options.

Life Insurance Riders

AIG offers several life insurance riders including:

Additional AIG Life Insurance GUL Riders

Liberal Underwriting for High Risk

As you may have read in other American General Life Insurance Company Reviews, AG is an excellent company for people who are considered high risk for life insurance.

AG’s liberal underwriting criteria for various health problems puts this company close to the top of the of the list for many of today’s top ailments, such as diabetes, heart disease, and sleep apnea. As well as lifestyle conditions, such as medical and recreational marijuana use.

Competitive Pricing

American General Life Insurance Company’s rates are extremely competitive, often ranking in the top 3 spots for 20 to 30 year term life insurance rates for males and females. Further, American General’s table rating for impaired risk clients is awesome, often beating the majority of the competition.

Sample American General Term Life Insurance Quotes

Sample AIG Select-A-Term life insurance quotes based on a 40 year old male at a preferred plus rate as of September 2017. Rates subject to change and must be qualified for. 

Face Amount 10 Year 20 Year 30 Year
$500,000 $22.40 $30.62 $54.84
$1,000,000 $37.54 $54.84 $101.55
$2,500,000 $85.55 $128.80 $245.57
$5,000,000 $165.56 $252.06 $485.61

Sample AIG Select-A-Term life insurance quotes based on a 40 year old female at a preferred plus rate as of September 2017. Rates subject to change and must be qualified for. 

Face Amount 10 Year 20 Year 30 Year
$500,000 $20.67 $27.59 $44.46
$1,000,000 $32.35 $47.92 $81.66
$2,500,000 $72.57 $111.50 $195.84
$5,000,000 $139.61 $217.46 $386.14

AIG Disability Income Insurance

AIG is one of the largest disability insurance companies for employer funded group short term and long term plans.

Short term disability insurance is a great option provides short term income replacement due to a sickness or injury. The short term income replacement allows you to pay your bills, including additional medical bill and deductibles due to treatment of the injury or sickness. This is a great alternative to tapping into your emergency fund or simply not paying your bills and risking possible bankruptcy.

Long term disability insurance provides a monthly income benefit based on a percentage of your income after your elimination period ends. Benefits also include rehabilitation help and workplace modifications. There are even survivor benefits which pay your income benefit to your beneficiary if you die during the benefit period.

For more reading, please check out our guide to disability insurance.

Cons of American General Life

In the following section of this American General Life Insurance Company review we will cover the cons to choosing American General as your life insurance provider.

Where AG Comes Up Short

American General comes up short when compared to other life insurance companies in providing a competitive no medical exam policy. AIG Direct or Matrix Direct offers accidental death and dismemberment for those looking for coverage immediately, but an ADD policy does not cover natural death and there are many exclusions on what type of “accident” is actually covered.

Exam versus No Exam: We often recommend our clients choose a carrier with a no exam policy option because there are certain risks inherent in a fully underwritten policy. Risks such as finding out you have high blood pressure, cholesterol, blood sugar, etc…

For this reason we encourage clients who have not had a medical checkup in a few years to first get a no exam policy. Once that policy is in force, then pursuing an exam policy makes sense. However, if it turns out there is a health issue, at least coverage is in place!

AG Life is but One of Many

As with any company, American General Life Insurance simply cannot meet the need of every client. When you apply for coverage with AIG Life Insurance Company, you are choosing to go with one company.

Potential clients need to be careful that they’re not working with a “captive” life insurance agent, one who may be bound to place clients with AG even when it may not be the best in the clients best interest.

In addition, for clients who have a known pre-existing condition, it may benefit them to avoid many of the larger “call center ” agencies who frequently use AG as their primary life insurance provider, simply because some of these same agencies actively avoid taking on certain higher risk/more time consuming applicants.
The main problem lies in the areas where AG does not excell, such as foreign travel restrictions, recent bankruptcies, active military, recent DUI’s and felonies. This is why it is always good to have options. That is where we come in.

We at TermLife2Go have a recommendation for anyone considering a life insurance policy from American General. Give us a call and let us see if American General Life is the best company with the best price for your life insurance needs.

If they happen to be the best offer, we will let you know. We love American General Life Insurance and write a lot of AG policies.

However, with dozens of top rated life insurance companies to choose from, you might save thousands of dollars over the life of your policy by going with another provider.

About TermLife2Go

We do not favor one life insurance company over another. Instead, we find out what you need and then we recommend the lowest priced, best life insurance company to meet your specific need. This is how we help our clients secure the best life insurance rates. Therefore, if price matters to you, give us a chance to earn your business. We are here to serve you!

So, what are you waiting for?  Give us a call today to see what we can do for you!

Thank you for reading our article, American General AIG Life Insurance Company Reviews. Please leave any questions or comments below.

20 comments... add one
    • TermLife2Go


      We would love to send out some information to you, but without knowing more about what you’re looking for we wouldn’t know where to start!

      For this reason, we’ll have an agent reach out to you so that we can get a better idea about what you’ll find most interesting.



  1. Patricia w

    Please for a phone number to contact you. My checking accthas been debited for 21.88every month and I have no idea what for. Don’t have anything but the number 4413 behind the debit on My acct.would like someone to explain what this for. Thank you. You can reach me @XXX XXX XXXX.

    • TermLife2Go


      You would want to contact AIG (American General) directly in order to determine why they are deducting money from your account each and every month.

      Their contact number is 877-656-5665.



    • TermLife2Go


      We’ll need to know a few other things like:

      – Height and weight,
      – State of residence,
      – Current prescription medication use,
      – Etc, etc…

      So, please be on the lookout for an email from an agent who will be able to help you get the quotes you’re looking for.



    • TermLife2Go


      We here at TermLife2Go, don’t set prices, we just try and help folks find the most affordable life insurance policy that will meet their needs.

      If you would like us to “shop” your options, we would be happy to do so, just give us a call.



  2. Brittany W

    I am a social worker for a hospice company. I currently have a patient who does not have any life insurance. The family is trying to get a policy for at least $3,000. Is there any policies or programs that could help the patient although he has a terminal illness and is on Hospice? Any suggestions would be greatly appreciated.

    • TermLife2Go


      It sounds like your patients would only be able to qualify for a guaranteed issue life insurance policy. These are life insurance policies that won’t require an applicant to take a medical exam or answer any health related questions.

      The only problem with these types of life insurance policies is that they will also contain a “graded death benefit” which will state that the insured must stay alive for a certain amount of time (typically 2-3 years) prior to their policy covering “natural” causes of death.

      So… if your patients are currently in hospice, we’re not sure if this would be much help to them, and unfortunately, this is the only type of life insurance policy that we would have for them.

      Sorry we couldn’t be more helpful,


  3. Beverly R

    I would like prices on Term Life insurance. I’m age 68 female and would like a 25 year policy with a value of 150,000 or 250,000.
    If you could email me quotes I will contact you after viewing them. Thank you!

    • TermLife2Go


      Without knowing more about you, it would be impossible for us to determine what “rate class” you would qualify for. For this reason, for us to be able to give you an accurate quote, we would need to you give us a call when you have a chance.



  4. Teddy Moore

    i am looking for a term life policy for my wife she is 51 yrs old and has COPD and still smokes need it for funeral and doctor bills would like a payment of 100 dollars or less a month thanks

    • TermLife2Go


      It sounds like you might be interested in reading our article “Best Final Expense Policies”

      On this article, we also have our final expense quoter attached.

      What we would recommend that you do is check out the article, take a look at a few quotes, then just give us a call on Monday. This way we can over over some of the differences between the different policies that you’ll see and help you decide which insurance company is going to be the best for you!



  5. Frank

    im looking for life insurance for 3 boys. Age are 10,12,13 at perfect Heath. Im a single parent raising my boys. I wanted to know how much it would cost me at the lowest monthly payment for my boys until I can add more money to it. Yes. If can please let me know. Thank you

    • TermLife2Go


      There are many factors that go into determining the cost of insurance. Factors such as:
      – How much insurance are you looking for?
      – What “Type” of life insurance are you considering?
      – Do you have any existing medical conditions?
      – Are you taking any prescription medications?
      – What is your current height and weight?
      – Do you use any tobacco products?
      – Etc, etc…
      For this reason, we simply can’t tell you what your insurance will cost without first getting a better idea of what you will qualify for.



Leave a Comment