Life insurance policies can assist your family in paying for funeral expenses, outstanding debt or medical bills, mortgages, and more in the event of your death. They can also serve as an income replacement for your family, which is especially beneficial if you provide the main source of income in your family.
Plus, life insurance with living benefits, which we will explore further below, can help you take advantage of your policy while you're still living.
Different types of life insurance products offer different features and benefits. Each will differ in terms of how long the policy lasts, the amount of coverage included, and how much they cost. Here, we break down the specific benefits of each of AIG Direct’s Life Insurance products: