AIG Life

AIG Life is the UK life insurance arm of AIG - one of the world's largest insurers. As AIG Life they work in the UK, Channel Islands, Isle of Man and Gibraltar.

It owns travel insurer Direct Travel and Direct Car Excess Insurance. The latter of these can offer extra cover for people driving a rental car, to cover 'gaps' in the car insurance included by the rental company.

AIG also has a number of protection products which it sells under the AIG Life brand. In 2014, it bought Ageas' life insurance business.

The parent company AIG was founded in 1919, and now has headquarters in New York and is listed on the New York Stock Exchange.

AIG Life
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Life insurance

Ranked 16th of 24 providers reviewed.

Claims score 97.50%
Complaints performance 88%
Transparency rating 43%
Fairer Finance score
Reviewed Autumn 2019
69%

Life insurance

Over 50s life insurance

AIG Life

Over 50s Life Insurance Level Plan (via Assured Futures & CTM)

3 stars
Cover for accidental death in waiting period i 3x full payout
How long after policy is started can full benefits be claimed? i 24 months
Age when premiums stop i 90
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 30 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Payout for accidental death outside waiting period i Full payout
Maximum age i 85
Discount offered with a funeral provider? i Not offered

AIG Life

Over 50s Life Insurance Increasing Plan (via Assured Futures & CTM)

3 stars
Cover for accidental death in waiting period i 3x full payout
How long after policy is started can full benefits be claimed? i 24 months
Age when premiums stop i 90
Can you reduce monthly payments? i
If a payment is missed, how long until the policy is cancelled? i 30 days
Does the policy offer the customer a proportionate amount of money back if they choose to cancel after paying 50% or more of the scheduled monthly payments? i
Payout for accidental death outside waiting period i Full payout
Maximum age i 85
Discount offered with a funeral provider? i Not offered