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American General Life Insurance Company

American General Life Insurance Company is part of AIG (American International Group), which claims 88 million customers in over 130 countries across the world. American General offers term life insurance plans that may be used for burial or final expenses. The company guarantees its death benefits. It offers a variety of term lengths and fixed monthly rates, though it does not publicize those rates on its website. You can obtain a free quote by signing up on the American General website and entering your personal information.

Do I have to use burial insurance benefits on funeral expenses?

After the policyholder of a burial insurance plan passes away, the policy beneficiary is free to use the funds however they like. Most beneficiaries use at least part of the payout to cover burial expenses, but it is not required. Burial insurance benefit payouts may be used for any purchase, bill, debt, expense, or loan at the discretion of the beneficiary. Burial insurance payouts are usually made in cash and they usually exempt from income tax.

How do you apply for burial insurance with American General Life Insurance Company?

The simplest way to obtain burial insurance is to apply online at the website of your preferred insurance company. In most cases, you’ll need to create a website account, provide your personal information, and fill out a short medical-related questionnaire. If you’d rather talk with an agent in person, you can either call the company or visit a branch office if there is one in your local area.

Do burial insurance premiums change?

Most burial insurance policies have guaranteed premiums. This means that the payments will never change as long as they are made on time. Premiums are determined based on your age, your health, and various other factors. Once you have accepted an offered premium, however, it will not change even as you get older or if your health changes.

How to get started

If you are already an American General insurance customer, you should contact your local office and inquire about a final expense policy. If you are a prospective customer, you can get a free quote on the company’s website. You may also shop for policies using our comparison tool by clicking on the following link.

Financial Strength Ratings

AM Best – A, Stable outlook
Moody’s – No rating
Standard & Poor – A+, Stable outlook

Company contact info

American General Life Insurance Company
PO Box 305800 MC460
Nashville, TN 37230-58005
(800) 586-3072