Whole of life insurance, also known as whole of life assurance, provides cover for life, rather than a set period of time.
It, therefore, guarantees a pay out to your loved ones when you pass away, (and not if).
Whole of life through AIG is available to applicants aged 17 - 84 and can be taken out as single or joint life cover.
Unusually, AIG offer a whole of life policy with either level or increasing cover.
With level cover, the sum assured remains fixed throughout the policy.
And with increasing cover, the sum assured would increase annually in line with the Retail Prices Index (RPI), up to a maximum of 10%.
Reassured can compare quotes for whole of life cover from multiple insurers including AIG.
Although AIG offer cover to those aged 17, you must be aged 18 and over to secure life cover through Reassured.
AIG care cover with whole of life
AIG offer the option to add care cover to your whole of life policy.
With care cover you can make an early claim of 75% of the sum assured, up to £300,000, if you have an accident or an illness and require life-long care.
If you have care cover and a claim is not made, 100% of the sum assured will be paid out on your passing.
If you choose to have care cover with whole of life insurance, the maximum sum assured is £400,000, with an additional £300,000 for care cover.
Only one of these sums will be paid out, whether you make a claim on death or a terminal illness, or for care cover.