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How to Buy Life Insurance

How does health factor into my coverage and cost?

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Bob Ley with AIG
Vice-President of Sales with AIG American General, AIG
Term Life Insurance  

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions.  AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer.  In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.  AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

How does health factor into my coverage and cost?

In this video, Bob Ley from insurance company AIG discusses the many issues surrounding how to select and purchase life insurance.

This expert: 55,085 views

This series: 55,084 views

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Host: How does health factor into my coverage and cost?

Bob Ley: The lowest rates in the industry are typically labeled Select or Preferred and go to those who are in good health with a family history of good health. If you take heart medication or are overweight you will usually pay higher premiums. The same applies if you smoke or have a risky occupation or engage in risky sports like sky diving, you will pay more for life insurance than the typical person. It pays to shop around. One company may charge more or less than another depending on how they view the risk or estimate your condition. This is called underwriting.

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