AIG Final Expense Life Insurance Review [2023]
- Rikin Shah | Licensed Life & Health Insurance Agent
- Fact-Checked (see our Editorial Guidelines)
- Updated: March 25, 2023
AIG Final Expense Insurance: 60-Second Review
- Product Diversity: AIG has a range of products to suit different budgets or build wealth
- No medical exam: Final expense policies use simplified underwriting and thus have no medical exam
- No waiting period: AIG's guaranteed issue policies involve no waiting period
- Customer reviews: AIG has an aggregate TrustPilot rating of 2.0, with many customers citing poor customer service
- Low BBB Rating: AIG has the lowest Better Business Bureau rating of the 25 life insurance companies we've reviewed
- High prices: Prices become less competitive for individuals over 70 years old
AIG Customer Reviews



Burial Insurance
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* Based on website quote requests, through 2/28/23.
(Check your rate to see their rates vs. ours)
Who Is AIG Life Insurance?
American International Group Inc. (AIG) is an international insurance company offering life insurance, P&C insurance, retirement products, and other financial services in over 80 countries.
AIG was at the center of the financial crisis storm in 2008. After years of restructuring and selling off subsidiaries, AIG has recovered its reputation and its position as a global provider of insurance products.
Company 101 | Details |
---|---|
Founded | 1926 |
Address | P.O. Box 305355 Nashville, TN 37230 |
NA | |
Phone | (800) 811-2696 |
Website | https://www.lifeandretirement.aig.com/individuals/life/giwl |
BBB Rating | B |
A.M. Best Rating | A (Excellent) |
AIG Life & Retirement consists of four operating segments: Individual Retirement, Group Retirement, Life Insurance and Institutional Markets. It includes the following major U.S. life insurance companies: American General Life Insurance Company; The Variable Annuity Life Insurance Company; and The United States Life Insurance Company in the City of New York.
AIG Final Expense Insurance
What type of burial insurance policy does AIG sell?
AIG’s product to cover burial or other funeral expenses is a guaranteed issue whole life insurance policy.
There are no health questions or any medical underwriting of any kind. Your acceptance is guaranteed.
Since it’s a whole life policy, the way it works is straightforward:
- Premiums never increase
- Coverage never decreases
- The policy never expires (no matter your age)
Whether you need the funds to cover cremation or burial, AIG’s guaranteed issue whole life plan will step in so your family does not have to. There are no restrictions as to how the payout is used.
Product Availability
AIG’s burial insurance policy has limits on the amount of coverage you can buy and where you can buy it:
- States: All 50 & DC except NY
- Ages: 50-85
- Coverage: $5,000- $25,000
- Waiting Period: 2 years
AIG Life Insurance Reviews & Ratings
AIG has a B rating from the Better Business Bureau (BBB). That is the lowest among the 20+ life insurance companies we have reviewed.
The Company has had 76 complaints in the past three years, 22 of which were closed in the last 12 months. The majority of these complaints were regarding a “Problem with a Product or Service.”
A.M. Best, a credit rating agency for the insurance industry, has given AIG an A (Excellent) financial strength rating. This indicates that AIG will find it very easy to pay out on claims.
AIG Frequently Asked Questions
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Are American General and AIG the Same Company?
Yes. AIG acquired American General Life Insurance Company in 2001. American General was established in 1960, and subsequently expanded its presence nationally while adding new financial products.
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How long does it take AIG life insurance to pay out?
The length of time it takes for an AIG life insurance policy to pay out can vary depending on the specific policy and circumstances of the claim. Typically, the process can take several weeks to several months. Factors that can affect the timeline include the completeness of the required documentation, the complexity of the claim, and the investigation process. It is best to contact AIG directly for specific information on the payout timeline for a particular policy.
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Is AIG life insurance reputable?
AIG is one of the best-rated life insurance companies with regard to its customer service and client reviews. The company received just a 2 out of 5 rating from J.D. Power for customer satisfaction and has a disproportionately high NAIC Complaint Index as compared to its size.
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How good is AIG life insurance?
AIG is a well-established and reputable insurance company that offers a range of life insurance policies. Overall, AIG is considered to be a good choice for life insurance. However, as with any insurance company, the quality of the policies and the level of customer service can vary. Some of the positive aspects of AIG’s life insurance include:
- A wide range of life insurance options to choose from, including term life, universal life, and whole life insurance policies.
- AIG is a financially stable company with a long history in the insurance industry.
- AIG has a good reputation for paying out claims in a timely manner.
It is important to do your research and compare different insurance companies and policies before making a decision. It is also important to read the policy details and understand the terms and conditions before purchasing a life insurance policy from AIG or any other company.
Conclusion
We hope you enjoyed this review of AIG’s final expense insurance product.
If you have any additional questions, please don’t hesitate to leave a comment or send us an email.
Warm Regards,
The GetSure Team
Additional Burial Insurance Reviews
- AAA Life Insurance
- AARP Life Insurance
- Aetna Life Insurance
- AIG Life Insurance
- American Amicable
- Americo Life Insurance
- Baltimore Life Insurance
- Ethos Life
- Foresters Financial
- Gerber Life Insurance
- Globe Life Insurance
- Great Western Insurance Company
- Lafayette Life Insurance Review
- Liberty Bankers Life Insurance
- Lumico Life Insurance Review
- Mutual of Omaha Life Insurance
- Mutual of Omaha Term Life Insurance
- Prosperity Life Insurance
- Royal Neighbors Life Insurance
- Sons of Norway Life Insurance
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- State-Regulated Life Insurance Program
- Open Care Final Expense Plans
- AIG Customer Reviews. (February 25, 2022). TrustPilot
- AIG Profile. (February 25, 2022). Better Business Bureau
Burial Insurance
15 companies competing for your business
97% of the time we beat Colonial Penn
30 days to get your money back, no questions asked
* Based on website quote requests, through 2/28/23.
(Check your rate to see their rates vs. ours)