AIG Whole Life Final Expense Insurance Review

AIG Whole Life Burial Insurance Plans

All AIG burial policies are whole life insurance policies. Your premiums will never increase, and the benefits will never decrease.  Your policy is guaranteed to pay out the death benefit stated in the contract.  The policy will never end, and you can’t be canceled for any reason other than failure to pay your premiums.  You can purchase an AIG Final Expense Burial policy in all 50 states except New York.

AIG is one of the industry’s leading insurance companies. They’re rated A (Excellent) by A.M. Best and have been insuring policyholders for over 160 years. They have been a top pick for their Guaranteed Acceptance whole life for many years, but the only option was a policy with a two year waiting period.  Burial life insurance policies with two or three-year waiting periods are commonly known as Graded or Modified policies.  These are the typical “No Health Questions” life insurance polices.  They are meant to be a last resort for individuals who can’t qualify for anything else.

Don’t buy Guaranteed Issue Whole Life Insurance until you talk with an independent agent that offers multiple companies

You should only buy the AIG Guaranteed Issue policy with AIG (or any other Guaranteed Acceptance policy) after you’ve had our agents do a complete evaluation of your health.  Guaranteed Acceptance policies will cost you more and limit the death benefits during the first two to three years.  If you die in the first two years, your beneficiary will get a return of premiums paid plus 10% interest. Always try for a “Level” or “Immediate” death benefit first.  AIG just recently added another burial (final expense whole life) product to their portfolio that pays out the full death benefit from day one!  It’s extremely price competitive and includes additional living benefits that other policies don’t have.  AIG has 3 policies to choose from.  We can help you choose the right one for you!

AIG SIMPLINOW LEGACY MAX

If you were diagnosed or treated for a TIA in the last 12 months, but more than 6 months ago you have a great chance of getting the immediate death benefits.  Even certain types of cancer will  qualify!  Prostate, Thyroid and Breast cancers if caught early just to name a few. How about Heart bypass and stents? AIG may even approve you for the Level Death benefit for those conditions too.  You can’t find out if you qualify unless you talk to a licensed agent.  You won’t get any nuisance calls, automated spam or repetitive texts.  Just call or complete the form and we’ll get in touch with you within 24 hours or less.

Level Death Benefit 

• Pays an immediate death benefit to your beneficiary no matter how long you’ve had the policy for any cause of death.
• $35,000 maximum death benefit
• Paid up policy at age 95 and no further premiums due for the life of the policy
• Male tobacco users will pay to a younger age if you buy a policy between the ages of 61 to 70
• Includes three types of accelerated death benefits at no additional cost
  • Terminal Illness If you are diagnosed with a terminal illness that death is expected in the next 12 months you can take your full death benefit minus a small fee
  • Nursing Home Confinement Access to your full death benefit after 90 days of a nursing home confinement.  You must have the expectation you will be in a nursing home there for the remainder of your life.  There is a small administrative fee if you exercise this option

SAMPLE SIMPLINOW LEGACY MAX RATES

• Pays your beneficiary a return of the premiums you paid plus 10% interest during the first 2 years.  
• $25,000 maximum death benefit
• Pays 100% from day one if you die as a result of an accident
• Includes two types of accelerated death benefits at no additional cost.  It’s your decision on what you want to use the money for.
  • Terminal Illness If you are diagnosed with a terminal illness that death is expected in the next 12 months, you can take up to 50% of your death benefit while you’re still living.
  • Chronic illness allows you to access up to 50% of your death benefit while your still living.

SHOULD YOU GO DIRECT OR THROUGH AN INDEPENDANT AGENT  TO GET A FINAL EXPENSE POLICY?

It’s logical to think that going “DIRECT” to buy an AIG Burial policy is better.  It’s not.  You’ll pay the same price, for the same product and if that company can’t help you you’re out of luck.  If you go through an independent agent you have a lot more options in addition to the experience of a seasoned professional. We have over 25 year of experience.  We’ll not only help you get the lowest premium with a top rated company, we’ll steer you away from the companies that could decline you.  Once you have a decline on your record, you might not qualify for the best level of coverage with another company including AIG.  You don’t need to be licensed and educated to sell a car or a refrigerator.  You do need to be licensed, constantly monitored and continuously educated to sell insurance.