Corebridge Financial Life Insurance Review (formerly AIG) | Is It Worth It? (Video)

hey guys today in this video I’ll be giving you a quick review to Corbridge Financial life insurance and I recommend watching till the very end to know the final verdict if it’s worth it for you or not all right so let’s begin with the video there are many reasons people buy life insurance new parents want to provide a financial safety net for their family a small business owner wants to ensure their company has funds to reorganize and continue operating in their absence and a senior might want a policy to provide funds for a funeral and other end of life expenses whatever your reason for buying life insurance you should always shop around and make yourself aware of your options given its wide selection of policy types Corbridge Financial caters to a wide range of Life Insurance Shoppers from young parents welcoming their first child to seniors who want coverage for endof life expenses Corbridge Financial offers term life permanent life final expense life and guaranteed issue whole life insurance policies it also offers various writers that allow policy holders to customize their policy Corbridge Financial formerly known as AIG Life and retirement sells various Financial Services products to individuals and companies on the personal side these include annuities and term whole and Universal Life Insurance at first glance Corbridge Financial may seem unfamiliar however the company is the result of a 2022 spin-off an IPO by one of the world’s largest insurers AIG in an effort to narrow its business focus AIG divested itself of its life insurance and retirement business creating Corbridge Financial as an independent company today Corbridge Financial Services approximately 42 million life insurance Poli policies in the US the company has an a rating from amb an indicator of its Financial strength and ability to pay its customer claims it’s based in Houston Texas Corbridge Financial offers multiple types of life insurance policies note that all of these require a medical exam except guaranteed issue whole life Corbridge Financial term Life policies are available in terms of of 10 15 or 20 years while its website mentions that up to $10 million of coverage is available Corbridge is’s online quote system indicates coverage amounts of up to $2 million also Corbridge Financial would not confirm the $10 million maximum when we call the company to ask about it rates are Level meaning they won’t change throughout the term Corbridge Financial notes that its policies may be renewable or convertiable to a permanent life insurance policy without a medical exam Corbridge Financial Whole Life policies are available with coverage amounts ranging from $100,000 to $2 million as a form of permanent life insurance a whole life policy remains in effect until the policy holder dies provided they maintain their premium payments over the years premiums remain level through the life of the policy Corbridge Financial whole life also includes cash value Whole Life cash value typically grows at a guaranteed though modest rate this makes whole life a potential investment tool and tax shelter Corbridge Financial Universal Life policies are offered between $100,000 to $2 million according to the company’s quoting platform like whole life universal life stays in effect until the policyholders death and includes a cash value feature this cash value is tied to the growth of the stock Market meaning Universal Life policies tend to provide a bit more risk and potential reward than a whole life policy the company notes that depending on the policy the policy holder may be able to adjust the premiums and the death benefit as their needs change Corbridge Financial guaranteed issue Whole Life policies are for those aged 50 to 80 with available coverage ranging from $5,000 to $25,000 premiums are l level so they don’t change throughout the life of the policy unlike other Corbridge Financial life insurance policies guaranteed issue is available without a medical exam the intent of this type of coverage is to help seniors ensure there will be enough money around to pay for end of life expenses such as medical bills credit cards and funeral expenses the cost of life insurance can vary based on multiple factors including age health and presence of preexist in medical conditions tobacco use and occupation note also that permanent life insurance typically costs several times more than term life what sets Corbridge Financial apart is its variety of coverage options including term whole Universal and guaranteed issue whole life the company also offers multiple Riders allowing policy holders to customize their coverage Corbridge financials rebranding the company was only recently spun off of insurance GI AIG may be confusing our hope is that the company will streamline its branding and online experience in the near future to better highlight its many life insurance choices all right so I believe that’s pretty much for this video if you find it helpful consider subscribing and giving this a big thumbs up and I’ll catch you in the next one thanks