How to Cancel AIG Life Insurance

Subscription in Few Steps

AIG Life Insurance refund policy

AIG Life Insurance offers refunds via a free look period, usually available ten days after purchase. During this time, you can cancel and get your entire premium amount returned. Refunds are less common after the free look time, although depending on your policy, there can be a monetary surrender value. Contact AIG immediately at 1-800-888-2452 or log onto your AIG account to obtain precise information about refunds.

How much can you save after canceling your AIG Life Insurance

AIG Life Insurance cancellation costs may be reduced based on several variables, including the kind of policy, period of policy ownership, frequency and amount of premiums, and surrender penalties. Simplify surrender charges, evaluate the cash surrender value to the premiums paid, and contact AIG Life Insurance to evaluate possible savings. Considering the loss of coverage is crucial, as is looking into substitute possibilities like lowering coverage or altering payment schedules. The only way to estimate the cash surrender value and possible savings is to speak with AIG directly.

Where to Invest that amount

Savings accounts: Savings accounts usually have modest interest rates but offer low risk and assured rewards. It could be appropriate for short-term objectives or emergency money.

Dividend-paying Stocks: Dividend-paying stocks give investors the chance to increase their money while also earning income; companies that consistently pay dividends can yield an ongoing income for every $10,000 invested.

Alternatives to AIG Life Insurance

MetLife

A respectable life insurance provider that is well-known for its sound financial standing and wide range of products, which include universal, whole, and term life insurance.

State Farm

A respectable mutual insurance provider with a wide selection of term life coverage policies and a reputation for offering competitive prices and first-rate customer care.

Conclusion

This page describes two ways to terminate AIG life insurance policies: via secure messaging or over the phone. Refunds are offered before the free look period; however, surrender fees could lower the cash surrender value. Forget the bank branch—Beem's your pocket-sized financial hub. Download the app and manage your money on the go!