AIG extends access to Instant Life Insurance
Monday 20 September 2021
AIG Life Limited has extended the maximum age and cover amounts on its Instant Life insurance product, to help more customers buy life insurance quickly and easily.
Instant Life Insurance’s simple online application takes fewer than eight minutes, and has no manual or medical underwriting needed, which means customers can get an instant decision. The improvements introduced by the global insurer’s UK life insurance arm mean new customers can buy it up to the age of 59 attained, from 54 and be insured until 89 attained, up from 69, for a maximum sum assured of £750,000 – an increase from £600,000.
Commenting on the development, Neil Davies, Commercial Director at AIG Life, said: “We’ve made Instant Life Insurance more accessible to a broader range of customers, reflecting that more customers carry financial liabilities beyond the age of 70 and want buying life insurance to be as easy as possible in a way that suits them.”
Customers can buy Instant Life Insurance online through a financial intermediary or via a financial comparison website.