Life Insurance
Our life insurance is designed to support your family financially when you’re no longer there for them. The cover will pay out after your death, or if you’re diagnosed with a terminal illness. This can be a difficult thing to talk (or even think) about, but it really needs to get sorted.
Our products
We make choosing the right plan simple with these four options:
Term Insurance
Term insurance is a type of life cover that lasts for a fixed period of time (known as a ‘term’) – the payment will be made all in one go. We protect you against death and terminal illness until the last day of your policy.
Family Income Benefit
Family income benefit is a cost effective way to help your loved ones pay the bills when you are no longer there to help them yourself. It covers you for the same scenarios as our life term insurance, but pays out in monthly instalments instead. It could be a useful option when it comes to things like budgeting.
Instant Life Insurance
Instant Life Insurance makes getting insured even quicker. There are fewer questions than usual for this type of cover. In fact, all you need to do is complete an online application that takes around eight minutes - we don’t need any medical evidence either. After you’ve answered the questions and submitted your response, we’ll let you know straight away if we can insure you.
Writing your policy into trust
You can work with a financial adviser to write your policy into trust. There are a couple of options to choose from and making this legal arrangement ensures that money paid out goes straight to the people you want to benefit from it. This could mean a death claim is paid quicker in comparison to a policy not in trust and could help you manage IHT.
We can’t advise on whether putting any particular plan into a trust would be suitable for your circumstances - we’d recommend getting some professional legal advice. For more information, read our guide to explain how trusts work for insurance policies.
How to buy
There are a number of ways you can get AIG cover for you and your family. To find the right option for you, head to our dedicated 'How to buy' page.
Additional benefits of AIG
Winston's Wish
We all know that life insurance is there to support your loved ones should the worst happen, but at AIG, we know that there’s more to it than just financial protection. Winston’s Wish – the UK’s leading child bereavement charity – help children get the support they need in the event of losing a parent or sibling.
Our Funeral Pledge
We’ll pay up to £10,000 of your valid claim in advance towards the cost of a funeral. This is financial assistance when your family need it most.
Our Claims Support Fund
We offer a discretionary fund of up to £300 towards services such as travel costs and wigs after cancer treatment - all to help you and your family cope with a serious illness.
Waiver of Premium
We offer an extra called Waiver of Premium. For just a small additional amount, this add-on means that we can pay your premiums if you can’t work due to injury or illness. It’s that simple.
Smart Health
Meet Smart Health - the health and wellbeing service from AIG, designed with your physical and mental wellbeing in mind. Whether you need to talk to a registered UK GP or want to get some hints and tips from a nutritionist, you’ll be able to chat to a professional 24/7, 365 days a year and from anywhere in the world - all at no additional cost. There’s no cap on how many times you can use it, and your partner and any children up to age 21 can take advantage too.
Smart Health is provided to AIG Life Limited customers by Teladoc Health. We want to let you know that these services are non-contractual, which means they don’t form part of the insurance contract with us. If our partnership with Teladoc Health ends, these services could be changed or withdrawn in the future.
Winston's Wish is a national charity that is accessible to anyone regardless of your insurance policy. The service is available even if your policy ends.
Waiver of Premium is available for clients who purchased their policy when aged 54 and below. This cover ends when the person reaches their 70th birthday.
Literature and support materials
Term Assurance - Key Facts
For more information on YourLife Plan Term Assurance, visit our Key Facts.
Family Income Benefit - Key Facts
For more information on Family Income Benefit, visit our Key Facts.
Instant Life Insurance - Key Facts
This document describes what is covered by our Instant Life Insurance, who can buy it and how it works
Instant Life Insurance Details
This document explains how Instant Life Insurance works.