AIG Direct Life Insurance is a direct marketer of term life insurance who works directly with the consumer over the telephone. The consumer usually makes an inquiry due to advertising that the company places, and is connected to a trained and licensed life agent who represents AIG Direct Life Insurance. You can also go through an independent agent like Root Financial when looking for AIG Direct life insurance.
The agent will discuss the types of life insurance that is available and will inquire of the buyer what types of needs he has in mind. There might be the need to cover a mortgage, cover living expenses in the event of a death, a college education and burial expenses.
Once an idea of general coverage needs are agreed upon, the agent has the capability of generating quotes base upon information that the prospective customer supplies to the agent. These quotes may be for differing amounts of coverage for various lengths of time.
Once the buyer decides to go ahead and apply for coverage, an application is completed over the telephone, as this is the most efficient and quickest way to apply for coverage. There are even some plans where there are no requirements for a physical, which will speed up the process.
When the application is completed, as the agent completes each last detail of the document, it is electronically submitted, and in some cases the underwriting is nearly instant, and in others it may take a few days. Once the policy is approved and issued, it can be sent to the buyer electronically, or a paper document can be mailed, if that is what the customer prefers.
Purchasing life insurance through AIG Direct Life Insurance over the telephone is a very efficient and effective of placing coverage in force, as people tend to change their mind if they have to wait too long as the process drags on.