AIG Select-A-Term Life Insurance

American General

Shopping for term life insurance can be overwhelming with all the choices available to you. Many life insurance carriers offer the customary 10 year, 15 year, 20 year and 30 year term durations. But did you know AIG offers a whopping 17 term durations to allow you to customize your needs? The AIG Select-A-Term product offers 10 year and 15 year through 30 year term durations. Your needs of life insurance may not always coincide with the traditional term period durations and often times, you must decide if they should select a plan that is less than the desired period needed or greater than the desired period needed. Our Pivot free term life quote tool provides quotes for 10, 15, 20, 25 and 30 year term periods based upon your age and state of residence. Customized term life insurance quotes can be obtained by calling us at 1-800-651-1953.

I’d like to discuss some examples in which the AIG Select-A-Term choices may apply to you. Let’s assume you had 27 years remaining on a mortgage and you wanted to replace your income for 17 years. You could purchase an AIG Select-A-Term 27 and an AIG Select-A-Term 17 to meet your needs. This combination of products would easily meet your duration needs. Selecting another carrier could result in choosing either a 25 or 30 year term to cover the mortgage or a 15 or 20 year term to cover the income replacement period. The other carriers’ products either fall short or long of the desired period needed. Selecting a plan that falls short of the desired goal may result in having to purchase another plan at an older age, which will cost more and may be difficult to purchase because of health issues. Purchasing a plan that runs longer than your desired need may be more expensive and unnecessary.

AIG Select-A-Term Product Details:

Minimum death benefit: $100,000

Issue ages: 20 – 80 (Issue ages may vary by state, term period and by risk classification)

Convertibility: Convert to permanent life insurance up to the end of the level premium term period or age 70, whichever comes first without evidence of insurability requirements

Riders: Terminal Illness Endorsement, Accidental Death Benefit, Child Term Rider, and Disability Waiver of Premium

About the author:  Ken Buccico holds a LUTC designation and has been in the life insurance business for 39 years. His wealth of experience empowers clients to make best possible decision regarding a life insurance policy. To explore the best life insurance option, contact Ken at 1-800-651-1953 or KBuccico@Pivot.com.