Can you recommend a good life insurance company? Is AIG good?

Question

Is AIG better than AAA life insurance company in terms of premium affordability and paying claims?

Are there insurance companies that make your policy void if you go to certain countries?

Answer 1

Wow look at all the spammers, mostly coming from India for some reason. AIG is a good reputable company and has a AM Best Rating of A++, which is a really good rating. AAA has a AM Best Rating of A-, which is also good. You can learn more about AM Best Rating here: http://www.ambest.com/ratings/about.asp

Before purchasing life insurance, you should get the facts behind them. You can go to your state's insurance department and get info or you can go here: http://finance1o1.blogspot.com

Then get multiple quotes from different insurance companies in your area.

As for traveling out of the country, you are generally still covered if you still reside in the home country. Check with the insurance company first to see what they say.

Answer 2

hi iam a mba student doing my summer internship program in sbi life ..... if u ask me sbi life insurance is one of the best they  rthe only companey who r making profit among private players they are only companey eho got aaa reating so ur money will double in every 4 years so it is good to invest in sbi life if u want any more information u can mail me [e-mail]

Answer 3

For the details of the insurance company please visit the site http://www.insuranceplan4u.com

Answer 4

All insurance companies are somewhat equally good or bad because all are under IRDA - the government authority. However, private insurers are very sweet when extracting the first premium from you and evasive (OR downright abusive) when a claim is submitted. LIC is a safer bet, it is indifferent at the start and doesn't mind settling a claim indifferently.

Answer 5

This is serious stuff. mail me to [e-mail] to get the best answer.

Answer 6

Look at the ratings of the companies for a start.  That will give you a general idea of a good company.  If they are not rated A or better, stay away from them.

As for insurance, assuming you are a middle income person, term is the only real choice.  Cash Value/Whole Life policies only serve the agent of middle income families...not the client.  The 56k mention above, might only be worth about 30k to 40k at retirement.  The commission would probably be between 2000 and 2500 on it as well. A term, although no cash value, would be about 31/mo for that person (perfect health and a 35 yr term.)  Save that $100 a month for the next 35 years at 10% and have about 386k.  Doing it for the 30 years would be about $230k.

And the commission for the term option would only be about 100-200 dollars.

This is the kind of stuff Primerica does for it's clients.  Another good trait is one that will help out with more than just the life insurance and provide you with not only the resources, but the knowledge to make your own choices.  Not many of those out there.