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Life Insurance Review: American International Group(AIG) - Is it worth it?AIG Life Limited is the UK operating arm for AIG Life Insurance providing a wide range of policies including term, whole of life, universal, and accidental. Individuals, families and companies of all sizes in the UK trust AIG for our exceptional service and multinational expertise. WHAT DOES AIG LIFE INSURANCE COVER? AIG has four main life insurance types to choose from: Term life insurance; Family income benefit; Whole of life; Instant.