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Review AIG Life Insurance UK

AIG Insurance Review MSE

Is AIG good for Life Insurance? (2024 Update)

What’s AIG Life Insurance like in 2024? Competitive UK Insurer ticks 7 boxes in ‘reviews on AIG life insurance’ UK. (PROS) 1: Financial Strength 2: Reliable Reputable 3: Claims Payout 4: Family & Business Plans 5: Defaqto Rated 6: Rider Benefits 7: Broker Only Deals. (CONS) Customer Services?

  • Is AIG a good insurance company review uk life insurance
  • What is AIG insurance rating Life Insurance review
  • Financial Strength S&P: Strong Life Insurance review
  • Flexible range of Family & Business Protection Life Insurance review
  • Broker Only Deals Life Insurance review
  • Is AIG life insurance a good company Life Insurance review

AIG Insurance UK Claims Statistics:

AIG Insurance UK showed their most common reasons for typical Critical Illness payouts were – Cancer, Heart Attack and Stroke. Their most common reasons for typical Income Protection payouts were Mental Health, Musculoskeletal & Cancer.

Trustpilot: 3/5

Defaqto: 5 stars

Insurers: Top 100

Background – AIG UK

Review: ‘Life Insurance AIG’ can trace its roots back to Shanghai, China. What would later become American International Group or AIG for short, American Life Insurance Company (ALICO) was formed in 1921.

AIG Life UK expanded its presence over here via its Uk office operations in Croydon. Due to the recession in the late 2000’s they suffered financially, so instead marketed under their name under Chartis Insurance Group.

By 2012, they were back trading under the AIG brand name again to become known as AIG Life Uk. From 2015, AIG then took over Ageas Protect life insurance brand from Ageas Insurance, having previously taken over Fortis Insurance.

In 2018, they agreed to acquire Ellipse, a specialist UK provider of group life risk protection from Munich Re. They were also are white labelled insurers for blue chip companies such as Asda Life Insurance, Nat West Life Insurance or YBS.

To help promote the brand, AIG had a period when they were also shirt sponsors of Manchester United FC.

AIG becomes Corebridge Financial

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Is AIG now Corebridge Financial & Who is Corebridge Financial?

From 2022, AIG head office in the USA was restructuring and reviewing its overall world marketing strategy. Following this, it said it will then rename its life insurance & pensions arm as Corebridge Financial inc.

Another brand rename & which may possibly confuse the more traditional UK insurance market landscape? Or would AIG Life UK instead consider selling their UK protection arm business instead to a key rival?

AVIVA & AIG UK (2024 Update)

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By 2023 however, Aviva agreed instead to then buy AIG UK protection business. So, rather than any brand name changes to ‘Corebridge Financial UK’ for that side of their insurance business.

Aviva said that this AIG Life Limited (AIG Life UK) purchase would help deliver them significant capital and expense synergies.

Going forwards, for some insurance sectors the AIG UK brand name also now disappears into the Aviva protection business purchase old brands portfolio

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AIG UK Life Insurance Reviews 2024

‘Reviews on AIG Life Insurance’ [2024]

In our reviews on AIG life insurance below, we will look at some broker only plans, key features and FAQ. All AIG Uk protection products give access to various free benefits.

  • Support services for best doctors
  • Bereavement Winston’s Wish
  • Funeral payment pledge
  • Smart health
  • Protection Trusts

AIG Smart Health Review

AIG Smart Health a Case Study Review:

Is ‘AIG Smart Health’ any good?

As a policy holder AIG Life Smart Health reviews shows you that via their AIG Smart Health app you may have – FREE valuable & unlimited access to either online, telephone and video GP appointments plus access to a range of health & wellbeing services.

This AIG Smarthealth UK service is available 24 hours a day, 365 days a year and at no additional costs. These services are also available to your partner and also any children up to the age of 21.

6 Key ‘AIG Smart Health’ Benefits:

  1. 24/7 GP. 30 mins Consultations online or phone – Access to UK-registered GPs to support you with medical concerns, prescriptions or specialist referral. Consultation slots longer than traditional face-to-face appointments
  2. Fitness plans & advice – Offers personalised 4/8-week programmes designed by sport coaches & nutrition experts. Ideal whether you want to improve both your overall health or want to lose weight
  3. Nutrition plans & advice – Specialist nutritionists are available to discuss your own dietary queries and to both help provide you with a personalised plan to support you in reaching your goals
  4. Mental health support & counselling – A dedicated team of mental health specialists are available to offer you both personalised care & help provide the right support strategy & treatment for you
  5. Health checks – Their health check gives you a personalised report designed around improving both your health and nutrition
  6. 2nd medical opinion from Best Doctors® – This service gives you access to some world-leading experts who will help assess your diagnosis and then provide recommendations for treatment

Conclusion: As brokers we would say this ‘AIG Life Smart Health’ is an excellent inclusive feature & a valuable benefit in todays ongoing NHS over burdened work load situation. They say this complimentary additional service could be withdrawn at any time in the future, should the Insurers so choose.

*What is MSE Martin Lewis AIG Life Insurance Review?

Martin Lewis recommend AIG Insurance?

In terms of the range of AIG Life Insurance UK products, MoneySavingExpert (MSE) are fully impartial in all their best buy reviews. As you maybe aware, neither Martin nor MSE never endorse products.

Yes, they mention individual products & services on MSE site, but they make it very clear don’t ‘support’ them.

What’s Martin Lewis say on AIG Life Insurance?

Money Saving Expert Martin Lewis hasn’t specifically commented on any particular AIG insurance policies & how it stacks up against the competition. But AIG Life Insurance plans are a discussed MSE forum topic.

Instead the Money Expert however says that he does ‘100% recommend Life Insurance’, especially if you have any dependants. MSE says YES it’s a cheap financial lifeline but the ultimate monthly costs choice is always yours.

MSE says ‘Thinking about how your family may cope financially if you were to die isn’t a very cheerful topic, BUT it is an Important One’. 

So Martin Lewis agrees life insurance is important if anyone is reliant on your Income & would struggle financially without you around ie; an insurable interest.

He also discusses the value in other insurance plans if you were off sick, like income protection or critical illness.

Martin Lewis for a good rule of thumb in 2024, his Best Life Insurance formula is ‘THE 10 x RULE’ ie; aim to cover 10 x the Annual income of the highest earner & the main breadwinner until at least any kids have finished their full-time education or other dependants. 

To help you calculate a figure that works for you, Martin Lewis on Life Insurance says it’s worth ensuring any policy covers: 

  • Outstanding Debts: that need to be paid off eg; mortgage unless covered by a separate policy
  • Immediate Outgoings: regular bills dependants would need to pay.
  • Future Spending: you may have wished to make eg; university fees
  • Additional Expenses: a death may trigger eg; funeral costs

Martin Lewis also suggests being the Money Expert – that you “NEVER BLINDLY BUY DIRECT” expensive policy offers either via your Bank or One Insurer ie; Shop around or use a Broker.

Lastly, MoneySavingExpert also said generally remember, not all insurers plans are featured on insurance comparison sites. As brokers, we would also agree here – so let us help you shop around for your best broker deals.

AIG Life Insurance on Mortgage Protection AIG MORTGAGE PROTECTION Review

Designed to cover a repayment mortgage on death or terminal illness (with optional earlier critical illness at extra cost). As the mortgage balance slowly decreases during its repayment mortgage term, an AIG mortgage life insurance term policy is designed to help mirror that of the mortgage. It is protecting what is for the majority of us, our biggest debt & to remain in their family home, our biggest asset.

Key features

  • Guaranteed fixed level premiums [ no cash value ]
  • Decreasing loan rate flexibility
  • Terminal Illness means less than 12 months to live
  • Waiver of premium option with fixed deferred period
  • House purchase cover


Part of AIG Your Life plan menu, the mortgage decreasing life insurance is fairly price sensitive. AIG mortgage protection insurance is usually cheaper than level term cover (which is used to insure interest only style mortgages). As such, if you were to sadly die during its term, your family and loved ones would still be able to protect the mortgage to help stay in their family home.

AIG Life Assurance Policy AIG LIFE INSURANCE Reviews

Offering family protection if the policy holder dies or is diagnosed with a terminal illness during the term. Offered also with optional earlier critical illness at extra cost. The AIG term life insurance plan is available on either on single or joint life 1’st death insurance basis. AIG life start term assurance is a age costed low cost option.

Key features

  • Lump Sums or Family Income Benefits cover or instant life cover options
  • Guaranteed premiums or Low Start reviewable [ no cash value ]
  • Terminal Illness means less than 12 months to live
  • Level or Increasing cover upto age 90
  • Life change and separation benefits
  • Waiver of premium option with fixed deferred period
  • Conversion or renewal options


Part of AIG Your Life plan menu, our review of AIG life cover shows its a strong market competitor in the term life insurance market. Designed with many useful features to help protect your family & loved ones if you were to sadly die during its term. Range of complimentary AIG protection trusts to help ensure the proceeds go efficiently to the correct beneficiaries.


AIG whole life insurance policy will always payout ( whenever death may occur ). It is available on either on single, joint life 1’st death or joint life 2’nd death basis. AIG Whole of Life Insurance cover is as simple way to provide peace of mind life cover. Ideal for people looking for indefinate life insurance with no end or fixed term.

Key features

  • Guaranteed none reviewable premiums [no cash value]
  • Level or indexed cover
  • Minimum sum assured £10,000
  • Care Cover option
  • Waiver of premium option with fixed deferred period
  • Life change, IHT and separation benefits


The AIG whole of life insurance plan includes Care Cover option which is a market leading policy feature. This allows 75% sum assured payout for financial provisions for care to help maintain some quality of life as one gets older, which can be expensive.

The plan can also offer a solution to those wishing to potentially mitigate IHT inheritance tax liabilities that an estate could be impacted by. It can also help you to provide a legacy gift for the family. Range of complimentary AIG protection trusts to help ensure the proceeds go efficiently to the correct beneficiaries.

AIG Whole Lifecover AIG OVER 50’s LIFECOVER Review

A ‘no medicals cover’ whole of life style policy that will always payout (with no end or fixed term) but after an initial period, and is available on single life basis only. AIG over 50’s Life Insurance is reviewed as a cost effective way to help provide small lump sum lifecover as legacy or funeral funding.

Key features

  • There are no medical & lifestyle questions to qualify
  • 2 year exclusion period before any natural causes death claims
  • Accidental death cover during initial 2 year waiting period
  • AIG may stop taking premiums from age 90 but still maintain your over 50’s lifecover
  • Provider limit on total amount of Lifecover per person
  • Many use Over 50’s plans toward Funeral funding.
  • No cash in value


Our AIG life insurance reviews of their seniors over 50’s plan show is an ideal solution for those with poor health issues or unable to get can underwritten whole life insurance.

Lower life insurance levels generally offered for a fixed monthly costs, and also often sold with a free gift or once you have made several premiums. AIG also offer direct a guaranteed Over 60’s life insurance.

 Critical Illness Cover - Broker deals AIG CRITICAL ILLNESS List Review

Helps ease financial worries if you or one of your children are diagnosed with a listed critical illness, as specified by AIG Critical Illness definitions list of cover. This AIG critical illness insurance term plan is available on either on single or joint life 1’st claim and on a stand-alone protection basis.

Key features

  • Level, decreasing, increasing, family income cover ( all available optional lifecover and critical illness.)
  • Guaranteed or reviewable premiums [ no cash value ]
  • Waiver of premium option with fixed deferred period
  • Various critical Illness options from basic Key3 cover ( cancer, stroke, heart attack ) to more comprehensive
  • Total permanent disability or option total disability
  • Additional critical illness benefit covers a percentage of further full payment conditions
  • Life change and separation benefits


AIG critical illness definitions for dual cover is fairly unique in its offering for either their basic AIG critical 3 cover or alternatively its more comprehensive AIG critical illness review packages.

Like most UK Insurers AIG’s critical illness terms & definitions often change regularly in the Uk Critical illness marketplace. Please call us for latest advice or check these AIG critical illness cover updates out when doing your critical illness cover comparison quotes.

Income Protection Insurance Quote AIG INCOME PROTECTION Review  

Providing longer term security by way of a tax free monthly income if you are off longer term sick or have an accident or disability as specified by AIG Income Protection Insurance. Available as a longer term policy that pays out if you can’t work and so suffer a loss of earnings due to illness or injury during the policy term.

Key features

  • Level or increasing cover
  • Risk class assessed based on occupation
  • Guaranteed premiums [ no cash in value ]
  • The cover amount paid tax free calculated on % of annual salary
  • Full cover to term or 2 year limited payment term
  • Initial multiple waiting, deferred periods of 4, 8, 13, 26, 52, 104 weeks or dual deferred
  • Waiver of premium to tie in with income benefit
  • Hospital, Trauma, Back to work benefits


Our reviews AIG life insurance of the AIG Income Protection shows it pays a fair proportion of monthly income tax free when reviewed against some other Income Protection PHI Insurers. Check their terms when doing a quote or call us as to wether PHI policy being offered to you is paid under own occupation, any occupation or specified work tasks.

AIG Business Life - Protection AIG BUSINESS PROTECTION Review

AIG Business Protection offers company protection for a variety of reasons (with optional earlier critical illness at extra cost); Key person cover, loan or share protection or an employee dies, is diagnosed with a critical or terminal illness during the term.

Key features

  • Lump sum cover, relevant life or business loan cover options
  • AIG relevant life insurance has tax benefits
  • Guaranteed premiums [ no cash value ]
  • Lump sum level, Decreasing or Increasing cover with installment option
  • Waiver of premium option with fixed deferred period
  • Conversion or renewal options


AIG business protection is competitive and helps insure your business life & employees against life’s challenges during its policy term. Range of complimentary AIG business protection trusts to help ensure the proceeds go efficiently to the correct beneficiaries.

life insurance aig AIG Group Insurance – Product Review

AIG LIFE Insurance Reviews | Group Life

Their Group life cover helps Employers ease the financial pressures on their employee’s family in the sad event of their death. The benefits can be paid either as a tax free lump sum, a pension, or both. AIG Group Life insurance can help employers attract and retain quality employees, while demonstrating an employer’s duty of care.

Group Life: AIG

Key features

  • Available for 3 employees or more, with no maximum
  • Cover available upto age 75
  • Insured as a lump sum or death-in-service pension
  • Up to 20 x salary available, or any fixed benefit amount
  • Premium rates are guaranteed for 2 years
  • Trust options: registered master trust or excepted life trust


Our reviews AIG life insurance on their Group Life shows its a strong market competitor in the group life insurance market with optional payouts of lump sum or pension. Designed with flexible features to help protect insure your employees family & loved ones if they were to sadly die during their employment tenure. The trust options ensure the proceeds may efficiently go to their beneficiaries.


Employers can tax efficiently help provide their employees security by way of an ongoing monthly income if they are off longer term sick, or have an accident or disability as specified by AIG Insurance. Available as a short or longer term policy, it pays out after an initial waiting period, with various flexible options.

The premiums paid are considered a business expense for corporation tax purposes, so not treated as P11D benefit for your employees ie; there is no tax charge.

Key Features

  • Employee cover paid calculated up to 80% of salary available
  • Initial waiting, deferred periods 8, 13, 26, 28, 41 or 52-weeks
  • Limited payment periods of 2, 3, 4 or 5 years
  • Accurate premium rates guaranteed for 2 years, with no averaging
  • Automatic acceptance limit for schemes with 3 employees or more
  • Rehabilitation programme via partners Proclaim Care
  • LifeWorks Employee Assistance Programme – 2 options

Key Features

  • Option 1: Core Wellbeing (included free with all AIG group income protection policies)
  • Counselling and coaching services available in person, or by video, chat, direct message or telephone
  • Critical incident support
  • 8,000+ clinically verified and trusted articles, toolkits, podcasts and more
  • Support in areas such as anxiety, depression, relationships and workplace challenges
  • Perks & Savings
  • Option 2: Upgrade package – chargeable
  • Employee Physical Assistance Programme (EPAP)
  • Enhanced – wellbeing feed, perks & savings, community

Group Income Protection: AIG


AIG Group Income Protection offers employers help to tax efficiently manage employee sickness absences and any associated costs. Their Group income protection cover is competitive against personal PHI cover as they ask no medical questions.


Employers can help ease their employees worries if diagnosed with various critical illness coverage & total permanent disability TPD, as specified by AIG Insurance. The AIG group critical illness plan is available on either on single employee life & automatic child protection basis. AIG insurance reviews UK focus is on specific surgeries or the impact on daily life for their employees, rather than the name of the critical illness.

Key Features

  • Critical Illness Conditions across 8 group headings + standalone cover
  • Available for 3 or more employees
  • Cover available up to age 70
  • Up to 5 x salary or £500,000 cover
  • Employees normally covered with no medical questions
  • Pre-existing conditions and related medical conditions are excluded
  • Total permanent disability cover available
  • Child cover inclusive
  • Premium calculated accurately, no averaging
  • Rates are guaranteed for 2 years
  • RedArc & Smart Health support services


AIG group critical illness offerings are a competitive range in the UK critical illness market against personal cover. However, their pre-existing conditions exclusion could be an issue for some if any employees have any health issues. Like most UK Insurers, AIG’s critical illness terms & conditions often change regularly, so please call us for latest advice or check these updates out when doing your comparison quotes.

aig life insurance AIG LIFE INSURANCE Reviews – FAQ Broker Questions

Can you make changes to your AIG life insurance policy?

In terms of changing your life insurance policy, often you can request some of the following:

  • reduce or perhaps extend the period of cover
  • decrease or increase the amount of lifecover
  • remove indexation option or any specific paid for policy features
  • change the collection date of your usual premiums
  • take off a life assured from a joint policy eg; if a unmarried couple or new parents sadly split up

These changes could be subject to medical underwriting based on your circumstances at the time & may well affect your premiums.

Is Ageas Protect & Fortis Life now part of AIG Life Insurance?

Yes. In 2015 AIG had taken over Ageas Protect Insurance brand from Ageas Life Insurance, who had also taken over the former Fortis Life. AIG therefore now look after the administration of old Ageas Life Insurance called Ageas Protect and Fortis Life Insurance under the AIG banner.

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How do I cancel my AIG Life Insurance Policy?

You may cancel your AIG Insurance plan at any time, if your circumstances change if doing any reviews AIG Life Insurance cover. Like all life insurance, you do have the right to change your mind within 30 days of your policy starting. The Insurers will then refund any premiums taken and your Life insurance cover would then end. 

However, if you should cancel the Ageas, Fortis or AIG life insurance policy at any other time, you won’t get anything back because your policy usually has no cash in values at anytime. This also means if your health changed adversely afterwards & you then tried to request your AIG life insurance policy is put back onto cover again, this maybe declined. 

We suggest you seek professional advice before taking this course of action.

Single v Joint life Insurance?

A single life insurance means it covers just that 1 person only. It then pays out the chosen amount of cover if the person dies, or is terminally or critically ill during the term of the policy or whenever the event occurs it occurs if whole life. The benefit of having 2 seperate plans (known as dual life insurance) if in a relationship & one partner claims, then the surviving partner still has their own seperate policy. 

AIG ‘joint’ life insurance policy means it jointly covers 2 lives but then usually pays out on ‘1st death or claim’ basis. This means once the chosen amount of cover is paid, the policy benefits would then end. This is usually the cheaper option for Insurers ( as it only pays benefits once ) but conversely leaving the surviving partner without any cover.

Reviews AIG Life Insurance Top 100 Insurers

Should I review my AIG Life Insurance policy into Trust?

When a life insurance policy isn’t written into trust, it will be paid to the executors of the deceased’s estate. They will handle the administration, known as probate in N Ireland, England, Wales and confirmation in Scotland. If not, the benefits will fall into your estate if you died prematurely. If you have not made a will, this can then cause further complications with the life insurance monies.

Until probate is fully granted, no monies can be paid out to those named in the will. On average, this can take upto 6 months. By not placing the plan into trust may also swell up the total estate values, leading to potentially Inheritance Tax IHT issues.

So placing a policy in trust can help to ensure that the policy proceeds go to the correct beneficiaries you decide to nominate at that stage. It can also help avoid possible probate delays & IHT costs. Ask the Insurers to kindly provide their available standard trust form wordings & seek legal advice if unsure.

Importance of Disclosure & Claims – Reviews AIG Life Insurance

All Insurers like AIG are in business to protect, insure & payout. Insurance cover is therefore based on your full disclosure at the time you took the original AIG policy out ie; being 100% as honest & accurate as possible. It is not always easy to remember all your historic health details when applying. The Consumer Insurance Act 2013 says you must not be acting careless, deliberate or reckless when applying. If so, it may not payout ! eg; If you vape, then you must tell them you are still smoking (even if it costs more).

Should you make a claim, your Insurers will send you a claim form for you to complete. Once received back, they will usually contact your GP to confirm any health details. They will then assess if your insurance claim is valid and cross check if you originally disclosed all the correct details. If doing reviews on AIG life insurance and you look at the Insurers recent claims payout, you will see that it is Good (but like most Insurers – not 100%).

What if my health or lifestyle changes after I have taken the AIG Life Insurance policy out?

Any health or lifestyle changes since, usually does not void your existing AIG policy, if it wasn’t relevant at that time of initial underwritten insurance application. It maybe the Insurers request GP reports when you originally apply, to check any health details disclosed. Likewise they may not. So take care to doubly re-check on your application what you initially disclosed to the Insurers, as this information then stands now and in the future. Please check your original T&C’s.

If I start smoking after taking out A I G Life Insurance do I tell them?

If you had legitimately not been smoking for over 12 months or 5 years on all types of nicotine or vaping etc; at that time of original AIG application, you may wish to advise them you have started smoking again.

However, this should not affect the original policy terms if doing any reviews AIG life insurance policy which should still stand, as you were being honest. Also maybe suggest letting your GP know if this is the case. 

Article on ‘AIG Life Insurance Reviews’ UK by Martyn Spencer Financial Adviser (2024)

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Reviews AIG Life Insurance

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