More than 80% of Corebridge Life Insurance reviews are positive, which means that their customers are happy with the service they receive. Corebridge Life Insurance is one of the best cheap life insurance companies and is a legitimate and reputable company and generally considered reliable. It is a part of Corebridge Financial, which has a strong foundation and history in the insurance industry.
Corebridge Financial, previously known as American General and later AIG Life Insurance, has a rich history dating back to its founding in 1926 by Gus Sessions Wortham in Houston, Texas. Initially named American General Insurance Company, it grew significantly over the decades, acquiring various companies and expanding its services.
In 2020, American International Group (AIG) announced plans to spin off its life insurance and retirement businesses into a separate entity. This led to the formation of Corebridge Financial, which officially launched in 2022 following an initial public offering (IPO). Corebridge now operates as a major provider of life insurance, annuities, asset management, and retirement planning services.
Is Corebridge Life Insurance Legit reliable?
Corebridge Life Insurance is a legitimate and reputable company and generally considered reliable. It is a part of Corebridge Financial, which has a strong foundation and history in the insurance industry. Here are a few points to consider:
Financial Stability: Corebridge Financial, as a spin-off from AIG, benefits from a solid financial backing and a long history of stability in the insurance market.
Ratings: Insurance rating agencies like A.M. Best, Moody’s, and Standard & Poor’s often provide ratings that reflect the company’s financial strength and ability to meet its obligations. Corebridge typically receives favorable ratings from these agencies.
Customer Service: Reviews and customer feedback can provide insights into the company’s reliability and service quality. Corebridge generally has positive reviews, but like any large company, it may have some negative feedback as well.
Product Offerings: Corebridge offers a wide range of insurance products, which can be a sign of a well-rounded and reliable company.
Policies and Average Rates
Corebridge Life Insurance offers a variety of policies to meet different needs. Here are some of the main types:
- Term Life Insurance: Provides coverage for a specific period, such as 10, 20, or 30 years. It’s generally more affordable and can be customized with flexible term lengths.
- Permanent Life Insurance: Offers lifelong coverage and includes options to build cash value with tax-deferred growth. This category includes whole life and universal life insurance.
- Final Expense Life Insurance: Designed to cover end-of-life expenses like funeral costs, medical bills, and credit card debt. This policy is particularly aimed at seniors and offers guaranteed protection.
Here’s a table with average rates for Corebridge Life Insurance policies in 2024.(1)
Corebridge Monthly Rate For Term Life Insurance in 2024
These rates are term life insurance policies with a coverage amount of $500,000 for non-smoking individuals in excellent health:
| Age | Gender | Average Monthly Rate For 20-Year Term Life Insurance | Average Monthly Rate For 10-Year Term Life Insurance |
|---|---|---|---|
| 30 | Female | $15.67 | $13.00 |
| 30 | Male | $18.45 | $15.50 |
| 40 | Female | $22.34 | $18.75 |
| 40 | Male | $26.78 | $22.00 |
| 50 | Female | $45.12 | $35.00 |
| 50 | Male | $52.89 | $42.00 |
| 60 | Female | $120.45 | $85.00 |
| 60 | Male | $145.67 | $100.00 |
Corebridge Monthly Rate For Permanent Life Insurance in 2024
These rates are Permanent life insurance policies with a coverage amount of $500,000 for non-smoking individuals in excellent health:
| Age | Gender | Monthly Rate For 20-Year Permanent Life Insurance | Monthly Rate For 10-Year Permanent Life Insurance |
|---|---|---|---|
| 30 | Female | $70.00 | $45.00 |
| 30 | Male | $80.00 | $50.00 |
| 40 | Female | $95.00 | $65.00 |
| 40 | Male | $110.00 | $75.00 |
| 50 | Female | $160.00 | $110.00 |
| 50 | Male | $180.00 | $125.00 |
| 60 | Female | $300.00 | $200.00 |
| 60 | Male | $350.00 | $230.00 |
Corebridge Monthly Rate For Final Expense Life Insurance in 2024
These rates are Final Expense life insurance policies with a coverage amount of $10,000 for non-smoking individuals in excellent health:
| Age | Gender | Monthly Rate For 20-Year Final Expense Life Insurance | Monthly Rate For 10-Year Final Expense Life Insurance |
|---|---|---|---|
| 50 | Female | $40.00 | $30.00 |
| 50 | Male | $45.00 | $35.00 |
| 60 | Female | $60.00 | $45.00 |
| 60 | Male | $70.00 | $50.00 |
| 70 | Female | $90.00 | $70.00 |
| 70 | Male | $100.00 | $80.00 |
Corebridge Life Insurance Pros and Cons
Corebridge Life Insurance Pros
- Variety of Policies: Corebridge offers a wide range of life insurance products, including term, whole, and universal life insurance.
- No Medical Exam Options: Some policies, like Guaranteed Issue Whole Life and SimpliNow Legacy, do not require a medical exam.
- Financial Strength: Corebridge has strong financial ratings, indicating its ability to meet policyholder obligations.
- Flexible Term Lengths: Offers flexible term lengths for term life insurance, making it easier to find a policy that fits your needs.
- Living Benefits: Some policies include access to living benefits, which can be used if you become seriously ill.
Corebridge Life Insurance Cons
- Customer Service: Corebridge has received lower-than-average customer satisfaction scores in some reviews.
- Limited Riders: Compared to other insurers, Corebridge offers fewer riders, which are additional features you can add to your policy.
- No Online Quotes: You cannot get quotes online for some policies; you need to contact an agent.
- No Local Agents: Corebridge does not have local agents, which might be inconvenient for those who prefer face-to-face interactions.
Corebridge Life Insurance Reviews
More than 80% of Corebridge Life Insurance reviews are positive, which means that their customers are happy with the service they receive. Below you can see some of the prominent, positive and negative reviews from Corebridge Life Insurance customers.
Positive Reviews
- Agents were responsive, and took the time to understand what type of coverage I need it. Several agents work together to sell me the product, and to follow-up to ensure the product was ready.
- Had good experience getting a second policy with AIG, although there was some misunderstanding about measurements in my application. It got all resolved just took extra time. Have good experience so far.
- My agent was great at explaining all of my options and keeping the process moving forward.
- Great customer service and quick approvals. Great great great overall. Really recommend.
- I had a 20-year term policy ending and wanted to get a quote for a new 15-year policy. After looking at options my AIG Select Broker did a great job comparing the different policies. I would recommend AIG Direct when looking form insurance options.
- My previous insurance became extremely expensive. I have the same coverage locked in at a fraction of the cost.
- I was quickly able to get Life Insurance to cover my final expenses. However there is a two year waiting period before it takes full effect. If I pass in the first two years all premiums will be refunded to my beneficiary. After two years the policy goes into full effect.
- Great company to work with. Knowledgeable, great listener. Got me exactly what I was looking for.
Negative Reviews
- The Agent: *** was very responsive during the marketing stage but after my money was deducted, there was no acknowledgment of the premium and no policy was issued. The phone keeps ringing and no response, also no replies to emails.
- We have requested information and confirmation of things multiple times and still don’t have it. The customer service aspect of the experience has been terrible. Still waiting on information…
- My account was debited twice for premium payment now I have to wait for one of the transactions to be refunded. I verified my payment ahead of time. Frustrated customer
- the agent was hard to get a hold of and he missed informed me and at the end he will not agree with what he promised.
- Though the premium was decent. The process was soo long. In home exam was a nightmare. In took *** long to hear back about my policy being active, I had forgot about it. Whereas other places give you a policy same day
- Most difficult insurance transaction I’ve ever been involved with. Some lack of communication and delayed follow ups from agents created this. It should not have been this hard to buy insurance
- Walked into that one!! Was looking at a hell of a deal and bam they sent me to the poor side of town
