Get Cash Disbursement Request - American General Life Companies

If you decide you no longer want your life insurance policy, you can surrender it in year 20 of coverage and AIG will pay out 50% of your total premiums paid up to that point. Or, you can surrender the policy in year 25 and receive 100% of premiums paid, with a maximum payout of 40% of the policy's face value.

If you decide you no longer want your life insurance policy, you can surrender it in year 20 of coverage and AIG will pay out 50% of your total premiums paid up to that point. Or, you can surrender the policy in year 25 and receive 100% of premiums paid, with a maximum payout of 40% of the policy's face value.

Depending on the type of policy, it can take as little as three to five days to receive a death benefit payment once you've filed a life insurance claim if you're a named beneficiary.

What happened to the American general life insurance company? The American General Life Insurance Company (AGL) is still operating and has not gone anywhere. It is a subsidiary of the American International Group (AIG), one of the largest insurance companies in the world.

On average, you can expect payment to be issued within 7 to 10 business days. Keep in mind, though, that estimate is a best case scenario. There are many cases in which the claims department may have additional questions or need more information from you or others in order to process your payment.

You have the option, with cash value, to surrender your policy and withdraw the total cash value of your policy. If you do surrender your policy though, you will no longer have life insurance coverage. Pay your premium.

The life insurance claims process will typically take 30-45 days to complete. Even if you were unable to locate the policy or didn't know your loved one had an AIG life insurance policy when they passed, you'll collect payment so long as: The policy was in effect; All premium payments were up to date: and.

How long does it generally take to make a claim decision? You can expect our decision to be made within 10 business days of us receiving all the relevant information available.