AIG life insurance

The wide range of life insurance policies from AIG are designed to help reduce the financial impact on your dependents should you pass away, or if you’re diagnosed with a terminal illness and have a life expectancy of less than 12 months.

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Why choose AIG life insurance?

AIG offers life insurance products to cater for all sorts of needs and budgets.

This includes term insurance, family income benefit, Life Start and Instant Life Insurance.

It also offers over 50s life cover and whole of life insurance.

AIG includes additional benefits for free with their life insurance, such as unlimited access to an award-winning Smart Health website and app which can put you in touch with GPs, as well as other health and wellbeing experts for help and advice whenever you need it.

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How can I buy AIG life insurance?

AIG doesn't sell life insurance directly. You can chat to a financial adviser or compare cover for life insurance through us.

How do I get in touch with AIG?

You can call its customer service department on 0345 600 6820 Monday to Thursday from 8.30 am to 6pm or Friday 8.30am to 5.30pm, except UK bank holidays.

You can also email AIG at:

What does AIG life insurance cover?

Choose from four different life insurance plans:

Term insurance

This is designed to pay out a lump sum when the person insured dies or is diagnosed with a terminal illness that has a life expectancy of less than 12 months.

The money could be used to help pay off a mortgage or provide financial protection for family members.

Family income benefit

This type of cover pays out a monthly sum when the policyholder dies or is diagnosed with a terminal illness that has a life expectancy of less than 12 months.

It covers you in the same way as term insurance but, rather than paying out the full amount in one go, it pays out in monthly instalments instead. This can help those left behind with budgeting and paying for ongoing expenses, such as household bills.

Life Start

This policy pays out a fixed lump sum assured, but it’s designed to be easier to pay for at the start. Premiums will go up every year over the full term of the policy - your quote will include an illustration of how much they’ll increase, and the total cost of the policy to you. It could end up being more expensive than a term insurance policy in the long run, though.

Instant Life Insurance

For express cover, this life insurance is available just by filling in a short online application form. No medical evidence is required so AIG can give you an instant decision.

AIG also offers over 50s life cover and whole of life insurance, which pays out when you pass away.

What optional extras are available?

If you’re looking for a more comprehensive policy, you may want to think about tailoring your life insurance with optional extras:

Critical illness cover

You can choose to combine your life insurance plan with critical illness cover. It’s there to help you cope financially if you’re diagnosed with one of the conditions listed in the policy, or if you pass away.

A lump sum can help cover bills and other expenses if you can no longer work because of your illness, or it could pay for things like adapting your home if your condition requires it.

Waiver of premium

If you include this in your policy, you won’t have to pay your premiums if you’re incapacitated for longer than 26 weeks.

How much does AIG life insurance cost?

It depends on a few things, such as the type and level of cover you choose, how old you are, your occupation and current health (plus if you smoke).

However, premiums for AIG’s over 50s life cover start from just £5 a month (based on age and smoker status).

Who is AIG?

AIG Inc (American International Group, Inc) is a leading international insurance organisation, serving customers in more than 80 countries.

AIG Life Limited is the life insurance arm of AIG in the UK. It provides financial and practical support for individuals and families when death or illness threatens their lives and livelihoods.


AIG has been in business since 1919, with the first UK offices opening in 1953.

In 2020, AIG Life won the ‘Best Individual Life Insurance’ and the ‘Best Added Value Provider’ at the Cover Excellence Awards and was particularly commended for its additional care service, Smart Health.

According to AIG, once they have accepted a claim, payment will be made within five working days.

When you take out a life insurance policy with AIG you get extra support for free, including:

  • Unlimited access to Smart Health - an award-winning health and wellbeing service. It provides on-demand appointments with UK GPs and wellbeing professionals, plus consultations with specialists for second opinions 24/7, 365 days a year
  • Funeral pledge - AIG will pay up to £10,000 of a claim in advance to go towards funeral costs
  • Access to the charity Winston’s Wish - specialist support for bereaved children
  • £300 discretionary fund access towards things like travel costs and wigs after cancer treatment