Home  |  Personal Finance  |  Insurance  | 

How to Buy Life Insurance

How do I choose the right insurance company to buy from?

To properly view this site, javascript must be enabled and Flash version 9 or higher must be installed.
Get the latest Flash player
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 do I choose the right insurance company to buy from?

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

This expert: 55,043 views

This series: 55,042 views

Download to Mobile Device
Tags:

Life insurance

,

Life

,

Insurance

,

Aig

,

Protection

,

Buy

,

Insurance company

,

Policies

,

Choose

Comments:

0 (Read Comments) (Add Comment)

Print

Transcripts

Host: How do I choose the right insurance company to buy from?

Bob Ley: There are many factors that should go into your decision. But one you should consider is the companys financial strength. After all an insurance policy is a promise to pay, and you want to be ascertained as you can that the company you choose will be financially healthy when the times comes for your family to collect your insurance policy proceeds. There are several independent rating companies such as Standard and Poors, A.

M. Best Company and Moodys to name a few, which rate life insurance companies on financial strength and claims paying ability. Ask the insurance company what their ratings are with these rating agencies, to help you make your decision on the insurance companys financial strength.

Other Videos

  • I've never developed a budget before. How do I do that?

    I've never developed a budget before. How do I do ...

    In this video, Mr. Barnett reviews some important aspects of how managing your money appropriately can help make college more affordable.
  • What makes me self-employed?

    What makes me self-employed?

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.
  • How and When to Use a W-2 Form

    How and When to Use a W-2 Form

    Basic information to prepare an individual income tax return, Form 1040 and the basic schedules. This video is designed for those individuals who want to undertake the preparation of their tax return. There are tips and pointers for those who have attempted this feat in prior years.
  • How to Read & Correct Credit Report Errors

    How to Read & Correct Credit Report Errors

    In this video, financial planning professional and member of the Financial Planning Association®, Cal Brown, MST, CFP®, describes the four important steps to improving your credit. This video is designed for individuals who have poor credit and are looking for tips to improve their credit. This video series includes an overview of checking your credit, reading and correcting credit reports, improving your credit and getting out of debt.
  • How to Start a Small Business

    How to Start a Small Business

    This video explains the basics of starting your own business.
  • What is a budget?

    What is a budget?

    In this video, Vikki Frank, Kandance Beamon, and Linda Stroman, financial education providers describe several key areas to address regarding debt reduction and elimination. This video is designed to deliver basic financial information to assist individuals and families to be able to identify goals and process strategies for their specific financial needs. The topics included in this video cover are: self-evaluation of debt load, budgeting strategies, understanding the effects on your credit and scores, why savings is important, how to develop a debt elimination plan, and the importance of financial education and how financial counseling may be useful.