Frequently Asked Questions about AIG Life Insurance

Policy Types and Coverage

What types of life insurance does AIG offer?

AIG offers several types of life insurance policies, including:

• Term Life Insurance
• Whole Life Insurance
• Universal Life Insurance
• Critical Illness Insurance
• Over 50s Life Insurance

What is AIG Life Start Term Insurance?

AIG Life Start Term Insurance is similar to standard Level Term Life Insurance but allows for a higher sum assured with more affordable initial premiums. The premiums increase throughout the policy term as the risk to AIG Life increases.

Does AIG offer joint life insurance policies?

Yes, AIG offers joint life insurance policies. These policies pay out once, either after the first death or the second death, depending on the policy type.

Eligibility and Application

Who can apply for AIG life insurance?

To apply for AIG life insurance, you must be a UK resident and have a UK bank account. The age requirements vary by policy type, but generally range from 17 to 86 years old.

Is a medical exam required for AIG life insurance?

The need for a medical exam depends on the policy type and coverage amount. Some policies, like Over 50s Life Insurance, guarantee acceptance without medical information.

Benefits and Features

What additional benefits come with AIG life insurance policies?

AIG policies often include features such as:

• Critical illness coverage
• Waiver of premium option
• Accidental death benefit
• Children's critical illness cover

What is the Claims Support Fund?

The Claims Support Fund is a discretionary benefit that can provide additional financial support to policyholders or their families during the claims process.

Policy Management

Can I reduce my life insurance coverage or policy term?

Yes, you can generally reduce your life insurance amount or the length of your policy, as long as the new amount or term doesn't fall below the minimum allowed.

What happens to my AIG life insurance policy when I turn 75?

For some AIG policies, once an insured person reaches the age of 75, the benefits reduce by one-third for that individual.

Claims Process

How do I file a claim with AIG?

To file a claim, contact AIG using the details provided in your policy documents. You'll need to provide your reference number and answer some identity confirmation questions.

What documentation is required for a life insurance claim?

For a death claim, AIG typically requires a death certificate. This can be sent as a PDF or scanned copy via email, or the original can be mailed to AIG's office.