AIG Life has launched whole of life policy meaning the insurer previously known as Ageas Protect now offers a complete range of protection policies.
Customers aged between 17 and 84 years can buy up to £20m of AIG Whole of Life Insurance, which pays a lump sum when the policyholder dies or suffers a terminal illness.
They also have the option of increasing it by up to £5m to help finance the cost of inheritance tax should IHT legislation change in the future.
AIG's Whole of Life Insurance also comes with access to Best Doctors, the second opinion medical service.
Policyholders will also have access to the Claims Support Fund, and can be put into trust online without the need for signatures to assist with estate planning.
Whole of life insurance is the latest product to added to AIG Life's core range of financial protection, alongside term assurance, critical illness cover, income protection, relevant life insurance and business protection.
This is the first policy the company has launched since its rebrand away from Ageas Protect, following its acquisition by new parent company AIG.
AIG Life also recently announced the resignation of its managing director Darren Spriggs and finance director Jane Dale.
Commenting on the launch, Steve Casey, head of marketing & propositions at AIG Life (pictured), said: "This is an exciting development for AIG Life and underpins our desire to provide intermediary partners with quality propositions to match their clients' needs. It is the first in a series of developments around whole of life plans that we will be bringing to the market."
The insurer is also expected to launch a whole of life product with a long-term care rider this year.
Further reading:
Exclusive: Spriggs ‘not disappearing' after AIG Life resignation
