At Bluewave Insurance we understand that trying to find the right burial insurance by yourself is hard. That’s why we recommend that folks sign up for AIG Burial Insurance, we believe it’s a great company with outstanding insurance products. To learn more, contact us at 800-208-4974.
AIG Life Insurance Coverage Company Profile and History
American International Group or AIG for short was actually founded by Cornelius Vander Starr in 1919, over 100 years ago. They have since grown, and even expanded another general insurance agency into China. They are an international company that operates in more than 80 countries and provide life and retirement insurance, personal insurance, and general insurance to the U.S. and around globally. They are a Fortune 500 company, at no surprise.
They currently have agencies in Southeast Asia, for example, the Philippines, Indonesia, and Malaysia. As well as offices in Latin America. The main headquarters as of now is in Shanghai China and New York City.
Here are some of the services that AIG offers:
- Disability Insurance
- Health Insurance
- Personal Accident Insurance
- Travel Insurance
- Accidental death insurance
They offer way more services and have a very easy application process. To learn more, give us a call at 800-208-4974. We’d be happy to talk more about AIG and their insurance services and help you find the plan that best suits you.
AIG Life Insurance Financial Review and Ratings
AIG is an extremely wealthy company, net revenues alone were over 50 billion just the past year. Operating income was 6 billion, and total assets reached a number of almost 530 billion. They also have an employee count of over 46,000. Making AIG one of the biggest conglomerates in the world.
In terms of their ratings, they currently have an A from a.m. Best Company an A+ from Standard and Poor, and A2 from Moody’s Investor Service, and lastly an A+ from Fitch ratings. These superior ratings reflect AIG’s outstanding performance to their customers and their stakeholders. It demonstrates that they go above and beyond in delivering the best service and create insurance products that benefit policyholders.
The Advantages of Burial Insurance Policy or Final Expense Policy
For many, death is one of the last things folks want to think about. It’s sad, and no one really knows how to personally prepare or it. If you’re a senior wanting to be more prepared and to make sure you and your loved ones are taken care of after your passing.
Burial insurance gives you and your loved one’s peace of mind because it can cover the final expense insurance of a casket, tombstone, cremation, funeral home all costs encompassing funeral expenses. In addition, depending on the plan you get, excess claims fund could be used in non-funeral expenses such as mortgage payments, college tuition cost, medical bills, and more. Appointed beneficiaries get the freedom of using the money as they see fit.
At Bluewave Insurance we understanding that trying to find the right burial insurance plan can be confusing, we recommend folks to give us a call at 800-208-4974 to speak with an insurance expert that can help you compare plans and providers, at no cost to you.
AIG Life Burial Insurance Options
AIG offers a few burial insurance options that will fully pay for policyholders’ funeral expenses, as well as living benefits that seniors can utilize before death. This article will elaborate on AIG Living benefits, whole life insurance policy, and lastly, Term life insurance products. These are varying plans with different benefits and rates involved. However, they serve their purpose of providing policyholders the financial security they need to know that their loved ones will not be footing the bill.
Here are some of the reasons why seniors choose AIG as their burial insurance of choice:
- Easy online application
- Great customer service line
- Competitive pricing
- Rates and Amount of Coverage Options Tailored to Needs
- No health questions
If you are thinking about signing up for AIG burial insurance, give us a call at 800-208-4974. One of our experienced insurance agents would be more than happy to assist you with any questions or provide a free quote comparison.
Yes! AIG is one of the only guaranteed life insurance providers that ensure folks that have a terminal illness. After a 2 year waiting period, seniors that have less than 24 months to live have access to 50% of their death benefits which they can use in whatever way they like. For instance, funeral planning, medical bills, and more. To learn more about AIG burial insurance, give us a call at 800-208-4974.
Currently all 50 states provide AIG burial insurance, including the District of Columbia. However, AIG is not available to people residing in New York.
AIG Life Burial Insurance with Living Benefits
What makes AIG unique is that they are the only guaranteed issue policy provider that offers living benefits with their policy. This means, if you are diagnosed with a terminal illness and only have less than 24 months to live, you will have access to 50% of your death benefits early. In that case, you can use that money to arrange funeral accommodations, make sure your loved ones are taken care of, use those benefits in whatever ways you see fit in the last remaining time of your life. However, this Terminal Illness policy is only available to those that have passed through the required two-year waiting period.
Another Living benefit is the Chronic Illness rider, this is a one-time lump sum payment that is given to policyholders that have unexpectedly become chronically ill or experiencing an impairment. Also, the diagnosis must have had a severe effect on the policyholder’s life and they can only do 30% of what they could do before in daily life activities.
AIG is definitely very impressive since they are able to provide folks that have been terminally or chronically ill more access to their death benefits, before death itself. This gives them more flexibility and time to plan and make sure their loved ones are taken care of.
If you have questions about the living benefits plans, give us a call at 800-208-4974, we’d be happy to answer any of the questions you may have and get you started on planning for burial insurance.
AIG Guaranteed Issue Whole Life Insurance
AIG whole life insurance plan is part of their permanent life insurance options. With whole life insurance, folks can get a plan for the duration of the time they pay for the monthly premiums, one the policyholder passes away, there will a be a death benefit in the end that will be given to the appointed beneficiaries. This cash claim is from the monthly premiums that were paid and grew with compounded interest. In this case, there will be more money at the payout.
With the payout, the beneficiaries can use this money for funeral costs, or any other types of expenses nonrelated to funerals. The awesome thing about this plan is that the premiums stay the same during the lifetime of the policyholder.
Premiums can also be altered in order to fit the needs of the policyholder. In those cases, if you want to pay a higher or lower premium that suits your unique needs, that can be done.
If you are thinking that AIG whole life plan may be for you, give us a call at 800-208-4974. One of our trusted insurance agents will walk you through the burial insurance process and get you signed up. Most of all we’d be happy to answer any questions you may have and provide insurance quotes!
AIG Term Life Insurance Plan
Term life is one of their most flexible life insurance plans, this is a plan where you can use it for a certain period in your time, for instance only have it for 10, 20, maybe even thirty years. You have full control over how many years you want to be covered. This can be used during a time you are raising a child, or if your family is going through hard times.
However, the one downside of this plan is that it doesn’t accrue cash value, meaning, you’re appointed beneficiary will only get the fixed death benefit at the end. Due to it being a shorter time, it has way cheaper premium payments compared to the whole life plan.
Down the road, if you want to switch to a whole life plan or a more permanent insurance policy, that is totally an option and can be done. If you’d like assistance in choosing the best burial insurance plan for you, give us a call at 800-208-4974. We’d be more than happy to help you with your needs!
Our Recommendations
At Bluewave Insurance we understand that trying to find the right insurance plan is overwhelming. Let’s face the facts, there are so many options and too many options can tire you out. That’s why we made this review on AIG burial insurance because we believe they provide outstanding insurance products and great customer service so you can claim your cash benefit amount right away and give your loved one’s peace of mind when it comes to funeral expenses.
We highly recommend that seniors speak with a licensed insurance agent to get more thorough research on which plans will suit their specific needs. However, we are confident that AIG is a reputable company that folks should sign up for.
If you have any questions about AIG burial insurance of final expense plans, give us a call at 800-208-4974. Our experienced insurance agents will provide a free consultation and quote comparison.
Read More:
- Globe Life Final Expense Review
- Mutual of Omaha Burial Insurance Plans
- Lincoln Heritage Final Expense Review
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