Overall the new rates represent an average decrease of 3 percent - and that is significant in the term business! 

AIG has made significant decreases in some of the most common term periods and ages, but the most significant changes are in the double-digit decreases for 40-year-olds.

Check out the situations below where AIG’s lower rates have made a dramatic difference!

Male, Pref. NT, Age 40, $500,000 Face, 20-Year Plan:

The annual premium under Select-a-Term 2007 was $565.00. Under Select-a-Term 2008, the new premium will be $475.00 - a reduction of 15.9 percent!

Male, Pref. Plus, Age 40, $500,000 Face, 20-Year Plan:

The annual premium under Select-a-Term 2007 was $450.00. Under Select-a-Term 2008, the new premium will be $380.00 - a reduction of 15.6 percent!

Male, Pref. Plus, Age 40, $1,500,000 Face, 15-Year Plan:

The annual premium under Select-a-Term 2007 was $815.00. Under Select-a-Term 2008, the new premium will be $665.00 - a reduction of 18.4 percent!

Male, Pref. Plus, Age 40, $1,500,000 Face, 20-Year Plan:

The annual premium under Select-a-Term 2007 was $1,175.00. Under Select-a-Term 2008, the new premium will be $980.00 - a reduction of 16.6 percent!