Pros
- Affordable premium options
- Term plans are convertible to permanent coverage
- Term durations available in 10–35-year increments
- Guaranteed issue coverage for applicants aged 50 to 80
- No-exam life insurance policies offered
Cons
- Receives more customer complaints than average for its size
- Limited third-party ratings due to recent rebranding
About Corebridge Financial
Corebridge Financial, formerly part of AIG, now operates independently and markets life insurance through Corebridge Direct. Rather than underwriting its own policies, Corebridge connects customers with a variety of life insurance solutions, including term, whole, indexed universal, and variable universal life coverage.
Its term life offerings are particularly notable, providing one of the broadest selections of term durations in the industry—18 options spanning from 10 to 35 years. Additionally, the company has a range of permanent life products, including burial and simplified issue policies, and policies that don’t require a medical exam for eligibility.
Life Insurance Options Offered by Corebridge
Corebridge’s offerings cover a wide spectrum, from straightforward term life to flexible universal life plans, catering to diverse financial goals and health profiles.
Term Life Insurance – Select-a-Term
This flagship term life plan offers unmatched flexibility, allowing applicants to choose from 18 term lengths (10, 15–30, and 35 years).
- Coverage range: $100,000 to $2 million
- Convertible: Can transition to a permanent plan up to age 70 or before the term ends
- Optional Riders: Include conversion options and insurability guarantees (discuss with a Corebridge agent for specifics)
Whole Life Insurance Options
Corebridge offers whole life plans with death benefits up to $2 million. These plans offer lifelong protection and, in some cases, guaranteed premiums.
Simplified Issue Whole Life
- No medical exam required
- Coverage: $5,000 to $35,000
- Purpose: Primarily for final expenses such as funeral costs
- Limitations: Not suited for large financial obligations like mortgages or debts
Guaranteed Issue Whole Life
- Age eligibility: 50 to 80
- Coverage: $5,000 to $25,000
- Medical Exam: Not required
- Built-in Riders: Includes terminal and chronic illness benefits
- Premium Flexibility: Premiums can cease before age 90
Both policies are tailored for those seeking simpler plans with moderate benefits, often used for end-of-life planning.
Universal Life Insurance Plans
These policies offer long-term coverage with the opportunity to grow cash value over time.
Max Accumulator+ III
- Indexed universal life (IUL) plan
- Market-linked crediting strategies to reduce volatility
- Tax-free withdrawals and loans available
- Income for Life Rider available
- Eligibility: Ages below 59; face amounts up to $2 million
- Medical exam: Optional, but subject to health questions and records review
Value+ Protector III
- IUL plan focused on asset protection and guaranteed death benefit
- No-exam coverage available (up to $2 million) for applicants aged 18–59
- Features: Return of premium and death benefit up to age 90
- Best for: Retirement-focused buyers or those looking to cover healthcare expenses in later years
Available Policy Riders
Corebridge provides a number of add-ons to enhance coverage across various plans:
- Accelerated Death Benefit: Offers early access to the death benefit if diagnosed with a chronic, critical, or terminal illness
- Accidental Death Rider: Increases payout if death results from an accident
- Child Term Rider: Covers dependent children with up to $25,000 in benefits
- Waiver of Premium: Premiums are waived after six months of disability (death benefit must be under $5 million)
- Terminal Illness Rider: Assists with expenses if diagnosed with a terminal illness
- Nursing Home Benefit: Allows partial access to the death benefit if long-term care is needed
- Limited Pay Option: Allows policyholders to stop premium payments beyond age 100
Pricing
Corebridge stands out for its competitive pricing. For instance, a 30-year-old female may pay $15.76/month for a 20-year, $500,000 term life policy, while a male of the same age might pay $18.67/month. This is significantly below the national average of $22.98 for women and $29.32 for men for similar coverage, based on data from Policygenius.
Rates will vary depending on age, health, gender, smoking status, and other lifestyle factors.
Filing a Claim with Corebridge Direct
To initiate a life insurance claim:
- Complete the Online Death Claim Form: You’ll need the policyholder’s name, policy number, cause of death, and your contact details.
- Additional Contact Methods:
- Phone: 1.800.448.2542
- Mail: Corebridge Retirement Services, PO Box 15648, Amarillo, TX 79105-5648
- Fax: 1.877.202.0187
Note: An online account may be necessary to communicate via email.
Conclusion
Corebridge Financial’s life insurance offerings are impressively diverse, and the selection of 18 term durations is virtually unmatched in the industry. The availability of no-exam options and guaranteed issue plans adds further appeal for individuals who might have difficulty qualifying elsewhere.
However, as a relatively new brand spun off from AIG, Corebridge is still building its reputation. Customer complaint volumes are higher than average, and independent third-party ratings remain limited at this time.
Still, for cost-conscious buyers looking for flexible term lengths, straightforward burial insurance, or IUL plans that support retirement income, Corebridge presents a strong contender. Be sure to compare with other providers and speak with a licensed agent to ensure you’re selecting a policy aligned with your goals.
