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.

 
Life Start

With Life Start, you’ll be covered for the same scenarios as our life term insurance but we’ll make it easier for you to pay for it. Your premiums (the amount you pay every month) are kept lower at the beginning than standard life cover. These premiums then increase over time. Life Start helps you get insured on a lower budget, but it could eventually cost more than a typical plan, depending on how long you keep the cover for (but we’ll let you know how much your premiums will increase every year). You always have the option to not accept an increase, but if this is the case, the amount you could be paid will be reduced to reflect this. We recommend reviewing your cover every few years to make sure it’s still right for you.

 
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.

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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.

 

Get covered

Additional benefits of AIG

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Best Doctors®

With AIG, you’ll get access to Best Doctors for invaluable second medical opinions. Their expertise helps you and your family get the right diagnosis, treatment and care.

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Winston's Wish

We understand that your family may need more than financial security. We work with the leading UK charity Winston’s Wish to help bereaved children get specialist support.

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.

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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.

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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.

Best Doctors and Winston’s Wish are non-contractual benefits which can be withdrawn at any time without notice.

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.

Download Updated 31 Aug 18
Family Income Benefit - Key Facts

For more information on YourLife Plan Family Income Benefit, visit our Key Facts.

Download Updated 30 Apr 18
Life Start - Key Facts

For more information on Life Start - Term Assurance, visit our Key Facts.

Download Updated 30 Apr 18
Instant Life Insurance - Key Facts

This document describes what is covered by our Instant Life Insurance, who can buy it and how it works

Download Updated 30 Apr 18
Instant Life Insurance Details

This document explains how your Instant Life Insurance works.

Download Updated 30 Apr 18