AIG Whole Life Insurance & Corebridge Direct: Cost, Reviews & More

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Last Updated: July 11, 2024

     AIG Whole Life Insurance has officially become Corebridge Direct, but what does that mean for your life insurance coverage? We’ve found everything you need to know about AIG Guaranteed Issue Whole Life Insurance including prices, free rider benefits, and more

     If you aren’t sure if AIG Whole Life Insurance is right for you, call one of our agents at (866) 786-0725 or use our free quoting tool to find insurance that works for you. 

     Want to know more about whole life insurance? We’ve got the skinny on everything you need to know so you choose the right plan for you and your family.

History of AIG & Corebridge Financial

The AIG headquarters located in Houston, TX at sunset.
     The American International Group (AIG) was founded in 1919 by Cornelius Vander Starr in Shanghai, China. Following their success, AIG spread to America, Europe, and South America and currently services over 70 countries and jurisdictions. They have provided property casualty insurance, life insurance, retirement solutions, and other financial services.       Corebridge Financial is a subsidiary of AIG that was founded in 2022 and focuses on life insurance policies and retirement. AIG Direct, the AIG Guaranteed Issue Whole Life Insurance, has been rebranded as Corebridge Direct as of 2024.

What is AIG Guaranteed Issue Whole Life Insurance?

     Guaranteed Issue Final Expense Insurance is a Whole Life Insurance with no medical exams or health questions. No matter what, health status is not a factor in your price — only gender, age, and how much coverage you’d like will affect the cost. 

     However, because AIG Direct is guaranteed, there is a two-year waiting period before you can claim the full benefits. That means if you expire before the end of the two years, AIG will only refund 110% of the premium costs instead of the full amount. 

     The only exception is if your death is an accident and not the fault of the policy owner. AIG will pay the full face value of the policy if this occurs. 

     Unfortunately, this plan is not available in ME or NY, so you’ll have to explore different final expense insurance options.

Is a Two-Year Waiting Period Right For You?

     Unfortunately, if you do not qualify for traditional life insurance due to a pre-existing condition or if you’re unable to pass a medical exam, you should consider guaranteed issue whole life insurance.

     If you’re unsure about a two-year waiting period or think that you can only qualify for guaranteed issue whole life insurance, there are options for burial insurance with no waiting period available to you and your family. Contact one of our agents at (866) 786-0725 for a comprehensive list of burial insurances that work for you.

What’s Different About AIG GIWL Compared to Other Guaranteed Issue Whole Life Insurance?

     The main difference between AIG Guaranteed Issue Whole Life Insurances and other policies is the free Living Benefit Riders that come with the policy purchase. A Living Benefit Rider guarantees payment of the policy while the insurant is alive depending on the circumstances. This money can be used for hospital bills, paying off debts, or covering any other expenses.

     Generally, the price of Living Benefit Riders will depend on the policy cost or will charge you for access to this benefit, but with AIG GIWL, you’ll have access to them if you have a chronic or terminal illness.

What Living Rider Benefits Does AIG GIWL Offer?

     With the AIG Guaranteed Issue Whole Life Insurance, you’ll gain access to the Living Benefit Riders if you have signs of a chronic illness or terminal illness. Here’s how much you’ll get for each and how to determine if you have a chronic or terminal illness:

Chronic Illness

     According to the CDC, a chronic illness is an ongoing medical condition that limits daily living. AIG will refund all premiums if the insurant cannot perform two of the six functions
  • Bathing
  • Continence
  • Dressing
  • Eating
  • Toileting
  • Transferring
     You’ll also be eligible for premium reimbursement if you are diagnosed with cognitive impairment, like dementia or Alzheimer’s.

Terminal Illness

     A terminal illness is a condition that cannot be cured and will likely end in the person’s death. If an insurant has received a terminal illness diagnosis and has a life expectancy of fewer than two years, Corebridge will allow the insurant to access 50% of the death benefit.

How Much Does AIG Guaranteed Issue Whole Life Insurance Cost?

     The AIG Guaranteed Issue Whole Life Insurance price will depend on your age, gender, and how much you’d like to purchase. This insurance is only available to those who are 50 to 80  years old, and rates will range from $5,000 to $25,000. Here’s what you can expect to bay based on the NFDA:

Sex | Age $5,000 $10,000 $15,000 $20,000 $25,000
Male | 50
$18.32
$33.43
$48.54
$63.65
$78.77
Male | 60
$25.51
$47.82
$70.13
$92.44
$114.74
Male | 70
$42.48
$81.75
$121.02
$160.29
$199.56
Male | 80
$78.29
$153.38
$228.47
$303.56
$378.65
Female | 50
$14.81
$26.42
$38.02
$49.63
$61.23
Female | 60
$19.52
$35.83
$52.15
$68.46
$84.77
Female | 70
$30.72
$58.24
$85.76
$113.28
$140.80
Female | 80
$55.58
$107.96
$160.33
$212.71
$265.09
*These figures are estimates only. For a detailed quote, please contact one of our agents at (866) 786-0725.

AIG Insurance Reviews — Third-Party Ranking From AM Best Rating, BBB, NAIC & More

AM Best Rating

     AM Best is an agency that assesses an insurance company’s creditworthiness and how well it can fulfill its financial obligations based on its performance, management, financial flexibility, and more. AM employs a letter ranking, similar to the scholastic grading system, that goes from A+ to F. In 2024, AIG received a rating of A from AM Best — the second-highest rating on their scale.

NAIC Rating

     NAIC, or The National Association of Insurance Commissioners, is a regulation standard support organization based in America meant to add credibility to insurance companies. Every year, they evaluate insurance companies against a Company Complaint Index that goes from 0 to 2. Generally, a company that ranks 1.0 has an average amount of complaints, and AIG has a Company Complaint Index rating of 0.54 — almost half as much as the national average.

J.D. Power Rating

     A J.D. Power Rating evaluates the overall customer satisfaction of an insurance company based on a 1,000-point scale. Most insurance companies don’t make the J.D. Power rating, but AIG ranked 19 out of 22 on the J.D. Power 2023 US Individual Life Insurance Study.

BBB Rating

     The Better Business Bureau is a nonprofit organization that evaluates companies based on how trustworthy businesses are based on complaints, interactions, feedback, and more. Ratings can range from A+ to F, and Corebridge Direct has received an A+ with a BBB accreditation. Plus, the customer reviews place it at a four out of 5 stars with nine complaints closed in the last three years.

AIG Insurance & Corebridge Financial Reviews — Customer Ratings

Corebridge Insurance offers me the coverage I want for the price I want and they are super duper helpful. I can't argue with what they are offering me and I think that it is truly outstanding. I love my company currently and it has been a very great experience. I haven't run into any problems with them or with the account routine calls. The repayments each month are low enough to where I don't really pay attention to it.
Mike ✓
Middleburgh, NY⭐⭐⭐⭐⭐
They are well known and they are someone to trust. They are experts in the life insurance and I really appreciate the company. I feel adequately covered and I have all the confidence in the world for them.
Crystal ✓
Port St. Lucie, FL⭐⭐⭐⭐⭐
It has great rates for the coverage provided, also it has low deductibles. And whenever I spoke with the reps, they were quick, courteous and professional. I can cover myself without breaking the bank, and that really speaks to me. I never had to use the coverage, but I would have been fully covered if so! However, I dislike that I have to do everything over the phone and CPU, I would love to go in and hammer everything out at once. Being in the mountains I have grown accustom to not having branches or physical locations here though. Overall, great experience.
Travis ✓
Littleton, CO⭐⭐⭐⭐⭐

AIG Guaranteed Issue Whole Life Insurance Pros And Cons

Pros
  • Guaranteed issue whole life insurance means you’ll always get approved with no medical exam or health questions
  • Living benefit riders are included in your policy at no additional cost.
  • Available in all states except Maine and New York. 
Cons
  • There are less expensive whole life insurance plans, such as Mutual of Omaha.
  • Options are only available to those who are 50 to 80 years old. 
  • There is a two-year waiting period for the full death benefit. 
  • Could be confusing to find because of the name change.

How Good is AIG Life Insurance?

     Generally, you should only get AIG Guaranteed Life insurance if you are either experiencing health issues or you believe you’ll be using the Living Rider Benefits before the two-year waiting period is over If you have any of these health issues, AIG might be a good choice for you
  • Alzheimer’s
  • Requires assistance with activities associated with daily living
  • Diabetic-related amputation within the past two years
  • Diabetic coma or insulin shock within the past two years
  • Had surgery on the heart or circulatory system within the past year
  • ALS
  • Congestive Heart Failure
  • Cancer in the Past 12 Months
  • Dementia
  • Dialysis
  • Heart disease
  • Bone Marrow Transplant
  • Organ Transplant
  • Congestive Heart Failure
  • Stroke (within the past 12 months)
  • HIV/AIDS
  • Oxygen Usage
  • Wheelchair Usage
     If you’re still unsure if AIG Life Insurance is right for you, give one of our talented agents a call at (866) 786-0725 or use our quoting tool for free!

What Are Some of the Best $10,000 Final Expense Insurance Companies?

Company 50 y/o Male 50 y/o Female 60 y/o Male 60 y/o Female 70 y/o Male 70 y/o Female
$34
$27
$51
$40
$73
$58
$39
$34
$52
$41
$86
$65
$30
$24
$43
$32
$74
$53
$36
$30
$47
$37
$81
$60
$55
$38
$68
$53
$106
$80

Conclusion

     Overall, AIG Guaranteed Issue Whole Life Insurance is a great option for those who are currently going through any of the health issues stated above. However, there are cheaper options, such as Mutual of Omaha, depending on your situation. At Final Expense Benefits, we only work with highly-rated carriers to guarantee customer satisfaction. Here are just a few companies we work with:       Still trying to find the final expense life insurance that works in your budget? Give one of our knowledgeable agents a call at (866) 786-0725 or use our free quoting tool to find the best final expense insurance for you and your family.

Frequently Asked Questions

How Do I Cancel AIG Life Insurance?

     You can cancel your AIG Life Insurance by calling their customer service number, (800) 888-2452, and providing your policy number. 

Is AIG Now Corebridge?

     As of 2024, AIG Direct has been rebranded to Corebridge Direct.

Who Should Get AIG Life Insurance?
     If you are experiencing any of the health conditions displayed above, you should consider getting AIG Life Insurance. Of course, this policy won’t fit everyone’s preferences, so call us at (866) 786-0725 to help you find life insurance that works for you.
Can I Borrow From My AIG Life Insurance Policy?

     AIG Life Insurance has a Living Benefit Rider add-on that you can utilize if you have a chronic or terminal illness.

What Can You Get With The Living Benefit Rider For AIG Guaranteed Issue Whole Life Insurance?

     You’ll be able to spend your Living Benefit Rider premium on hospital bills, debts, or any other expenses that might come up. 

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