AIG life insurance

Just a sweeping look at what AIG life insurance UK has to offer is enough to see that they don’t merely stick to the basics. In fact, the life insurance plans available in their flagship ‘YourLifePlan’ are vast, and include -

• Term insurance -Policies that last for an agreed, fixed term
• Family income benefit - Cover that pays out in monthly installments
• Life Start -Policies that start on much lower premiums for affordability
• Instant life insurance - Policies with fewer upfront questions and no need for medical examination for coverage in as little as eight minutes

When you look at this list compared to the plans many other providers, it’s plain to see that AIG is truly putting their money where their mouths are concerning plans that help your finances. Perhaps the only downside is that each of these plans, except for Life Start, are only purchasable through a financial advisor. That’s not all bad news, though, ensuring as it does that you only pay what you can afford. What’s more, this limitation means that AIG offers the ability to write your policy directly into a trust to ensure payments end where you want them.

As if that variety weren’t enough, there are also ample optional extras on offer. While each of these does come at an additional cost to your upfront package, many customers benefit from additions such as -

• The best doctors
• £10,000 of valid claim in advance to cover funeral costs
• Waiver of premiums

AIG critical illness

While it does overlap with some features of the life insurance policies already discussed, AIG’s YourLifePlan critical illness cover also deserves a mention. Covering over 100 conditions and offering automatic coverage for children, these policies can provide fantastic peace of mind during difficult times.

Again, there are also plenty of additions to make use of with this policy, including -

• Disability payments
• Premium waivers
• Best doctors
• Etc.

Smart Health is another notable addition that provides access to the best possible healthcare providers for policy holders and their families. This is a bonus that’s accessible across the world, 24/7, making it an addition that many would argue is more than worth the cost.

Even if the leading YourLifePlan doesn’t suit your budget or requirements, AIG offers two critical illness alternatives -

• CIC Start
  For those on a limited budget, CIC start may be a preferable option. Premiums here are kept low to start with and increase over time. Increases can be declined if they don’t fit without your budget, but do note that these will impact your overall coverage amounts.
• Key3 critical illness cover
  Covering just three key illnesses (cancer, heart attack, and stroke), Key3 plans are another cheap alternative that you can purchase with or without life insurance. If bought with life insurance, such policies offer one-off payments on the event of your death. If bought without, you must survive the first two weeks after diagnosis to provide payment for your family.
• The AIG reviews
  Despite seemingly consumer-led plans, AIG life insurance reviews aren’t always as flattering as you might expect. UK-specific feedback is thin on the ground, but, on the whole, AIG suffers higher than median complaints, according to the National Association of Insurance Commissioners.

  That said, the company overall still primarily impresses, and their flexible plans and focus on affordable options are largely to thank for their standard 4.7* rating.

• A final word
  If you’re looking for an affordable insurance provider who will work with your budget rather than against it, then AIG is undoubtedly the company for you. Whether you opt for their Life Start or Key3 policies, you can certainly bet that you’ll pay less here, at least in the beginning, than you would with the majority of alternative providers out there.