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How long does AIG take to pay out?

ing to the AIG Direct website (AIG Direct is now part of Corebridge Financial), life insurance claims pay out in seven to 10 business days, on average.

How long does it take for AIG to settle a claim?

How long does it generally take to make a claim decision? You can expect our decision to be made within 10 business days of us receiving all the relevant information available.

Does AIG pay out life insurance?

Term life insurance pays out a lump sum to dependents if you die within the term of the policy. With AIG, this term will be between two and 70 years. Term Life - Level: Level term life insurance offers a fixed amount of cover that will be paid out to your dependants if you die within the term of the policy.

Can I cash out a AIG life insurance policy?

You have the option, with cash value, to surrender your policy and withdraw the total cash value of your policy.

How long does it take to receive life insurance pay out?

In many cases, it takes anywhere from 14 to 60 days for beneficiaries to receive a life insurance payout. But many factors impact this time frame. These include the insurance companys procedures, when the claim is filed, how long the policy was active, the cause of death, and state laws regarding insurance payouts.

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