LTC Insurance Providers: American International Group (AIG)
American International Group, Inc. (AIG), has 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 offers long-term care insurance through AIG VALIC (The Variable Annuity Life Insurance Company ) Retirement Services Company. With more than $55 billion in total assets, VALIC currently manages long-term investment programs for more than 28,000 not-for-profit and for-profit education, healthcare and public sector organizations in more than 41,000 locations throughout the country.
AIG allows you pick and choose types of care. Qualifying for the benefits of a long-term care policy depends on your ability to perform normal activities of daily living. Depending on the specific policy, it may be easier to qualify for coverage in your home rather than for coverage in a skilled nursing care facility. You can buy a policy that provides all of these coverages or just one of them:
You can also save money in the policy by extending the elimination period. Just make sure you can afford to pay for the care during that period. This period can be set at 30, 60, 90, or 180 days, and in some cases as much as one or two years. However, this is typically coordinated with the very limited coverage provided by Medicare, 100 days.The easiest way to save money in long-term care insurance is to clearly understand your needs and only buy a policy for those needs.
Long-Term-Care.org is not a long term care insurance broker or carrier, and we cannot issue insurance policies. This site provides free information on insurance providers and coverage options. We are not associated with the company or companies profiled on this page, and we make no representation, express or implied, that you will receive a quote from the specific company profiled herein. Products and policies may not be available in all states, and product and policy information is subject to change without notice. Please direct all insurance questions to your insurance company or broker.
