AIG Insurance by Heroes is one of the most well-known and highly-rated life insurance providers in the country. Garnering high marks from the four main financial strength agencies, this carrier offers a variety of flexible premium and benefit packages. AIG operates through numerous foreign subsidiaries and is involved in high-profile sponsorships of golf events, rugby in New Zealand, and art institutions worldwide. They are also a major contributor to state guaranty funds and maintain a reputation for fiscal stability.

Like most other life insurers, AIG has both a traditional agency distribution model as well as a direct-to-consumer marketing arm. Known as AIG Direct, this division functions much the same as other online brokers but instead of an entirely virtual process, purchasers work with AIG in-house agents over phone communication.

Fidelity Term vs Whole Life Insurance: Which One Is Right for You?

During a call, an agent will walk you through what is called a “life insurance interview.” This typically involves providing standard basic information and answering questions about your finances, lifestyle, personal health history and prescriptions, and family medical history. From here, an underwriter will review the application and exam results. If approved, you will receive a formal offer with precise premiums within a few weeks.

AIG’s term life offerings are competitive, especially its Select-a-Term policy that allows new insureds to choose from 18 term lengths ranging from ten years to 35 years. AIG also has a number of universal life policies that range from index to guaranteed options, including three different living benefits rider features.