American General Life Insurance Review 2022 – Forbes Advisor

  • term life
  • Guaranteed issue for life
  • indexed universal life
  • guaranteed universal life

American General Term Life Insurance

Term life insurance is a simple option if you are looking for life insurance that covers a specific period of your life. For example, suppose you want enough coverage to cover income replacement for your family if you die. In that case, a term life policy with a term that covers the rest of your working years is an option. After the term expires, you can always renew or get a new policy, but be prepared for higher premiums. Term life insurance builds no cash value and, as a result, is often the cheapest type of life insurance to purchase.

AIG offers a term life product with 18 different term duration options called Select a term. You can buy terms as low as 10 years, up to 35 years, with 16 incremental options in between. This product is available to buyers between the ages of 18 and 80. At the end of his term, the Select a term The policy is renewable annually up to age 95. Death benefit coverage amounts start at $100,000.

Here’s a look at American General’s term life insurance rates for various ages and amounts.

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