Corebridge Financial life insurance review: Great term rates
Corebridge (formerly AIG Life & Retirement) offers competitive rates for term life insurance for all ages, plus competitive underwriting for many health conditions.
By
Alani AsisAlani AsisContributing WriterAlani Asis is a contributing writer at Policygenius, focusing on insurance company reviews. She is a former Personal Finance Reviews Fellow at Business Insider, and her work has also appeared in LendingTree and Sound Dollar.&Logan SachonLogan SachonSenior Managing Editor, Life Insurance & ResearchLogan Sachon is a former senior managing editor of life insurance and research at Policygenius. As a journalist, her work has appeared in The Guardian, Business Insider, CNN Money, BuzzFeed, Money Under 30, VICE, New York Magazine, and elsewhere.
Edited by
Adam MorganAdam MorganEditorial DirectorAdam Morgan is a former editorial director at Policygenius who led the editorial team. Previously, he led editorial teams matrixed across multiple financial publications at Red Ventures — including Bankrate, NextAdvisor, Million Mile Secrets, and others. As a journalist, his work has appeared in Esquire, Scientific American, The Guardian, Los Angeles Times, and elsewhere.
Our proprietary ratings methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the “Ratings methodology” section for more details.
4.6
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
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Policygenius awards
Best life insurance for families 2023
The bottom line
Corebridge Financial (formerly AIG Life & Retirement) is an excellent choice for anyone looking for affordable rates for term life insurance. It’s an especially good option for people with heart conditions, people who are pregnant, and people with diabetes.
Favorable underwriting for people with heart conditions and diabetes
Good for current and recently pregnant people, including people with gestational diabetes
Cons
Not the best for people with mental health conditions, including anxiety and depression
No no-medical-exam term option
Basic coverages offered
Term life insurance: Select-a-Term is Corebridge’s term life insurance policy. Terms are available for 10 years, 35 years, and custom lengths between 15 and 30 years. Minimum coverage is $100,000.
Whole life insurance: Corebridge offers whole life insurance, which is permanent life insurance with a cash value. (Note: This product is not currently available through the Policygenius marketplace.)
Guaranteed issue whole life insurance: Corebridge’s guaranteed issue life policy is available to people age 50 to 80 in coverage amounts from $5,000 to $25,000.
Additional coverages offered
Terminal illness rider: This common rider, also called an accelerated death benefit rider, is included at no extra cost and provides part of the death benefit if you’re diagnosed with a qualifying terminal illness.
Child rider: For an additional cost, the child rider provides life insurance coverage to the insured’s children, up to $25,000 per child.
Waiver of premium rider: For an additional cost, the waiver of premium rider allows the insured to forgo paying premiums for a period of qualifying disability.
Accidental death benefit: For an additional cost, pays out an additional death benefit in case of death by accidental injuries.
Ratings methodology
Price
5.0/5
Our price rating scale looks at the average cost of life insurance for a sample 20-year term policy with a $1 million coverage for a 35-year-old female non-smoker with a Standard Plus (or Standard if no Standard Plus is available) risk classification, the rating an insurance company gives you that determines your rates. The quote we got from Corebridge put it in the least expensive category for our rating system.
Customer experience
4.9/5
Corebridge scored well on our customer experience scale. According to data from the National Association of Insurance Commissioners' (NAIC) complaint index, Corebridge has a lower complaint level (by more than 50%) across its products than the industry average (0.45 for Corebridge versus the average of 1.0).
Transparency
4.1/5
Our transparency rating scale measures how much information is on an insurer's website, and how easily you can find it. The Corebridge website only presents two ways to contact the company — email and phone — while many competitors offer an online support center or a live chatbot. Also, while the company makes term lengths and coverage amounts available, it doesn't disclose average premium rates on its website. It does, however, share its financial ratings from A.M. Best, Standard & Poor's, Moody's, and Fitch.
Financial strength
3.6/5
Our financial strength rating uses three industry-leading credit scoring systems (AM Best, Standard & Poor’s, and Moody’s). Corebridge scores well on all three scales, with an A, A+, and A2, respectively. Note: We are currently using AIG's financial strength ratings until the agencies have had time to rate Corebridge (AIG's former life insurance business) as a separate company.
A closer look at Corebridge life insurance
Who is Corebridge best for?
Corebridge provides competitive rates for policyholders of all ages, while young shoppers especially may find their most affordable prices with Corebridge.
For people with pre-existing conditions including heart conditions, Corebridge is often a great choice. Also, if you're a smoker in the market for life insurance, it may be easier to get coverage with Corebridge compared to its competitors.
What makes Corebridge unique?
Corebridge’s variety of term options and extremely affordable rates make it a standout for term life insurance. Its underwriting consideration of pregnant people throughout their pregnancies also makes it unique, since many insurers will postpone your application if you’re past the first trimester.
Who should consider a different life insurance company?
People with mental health conditions may have a hard time finding their best rates with Corebridge. Also, anyone looking for no-medical-exam term coverage will need to look elsewhere as well (you can start with our list of the best no-medical-exam term policies).
Expert opinions on Corebridge
"Corebridge Financial is one of our top picks for guaranteed universal life for its relatively affordable rates. For term, it has great rates across age groups, and for people who are currently pregnant or have a history of heart conditions, it’s a solid option." —Eloise Spinello, licensed life insurance specialist at Policygenius
Corebridge life insurance rates
The chart below shows average monthly premium prices for a 20-year term life insurance policy with $500,000 in coverage for non-smokers in a Preferred health classification; quotes are based on the Policygenius Life Insurance Price Index methodology.
Age/sex
AIG average
Industry average
25-year-old female
$18.70
$21.08
25-year-old male
$23.81
$26.90
35-year-old female
$22.26
$25.58
35-year-old male
$26.01
$30.34
45-year-old female
$43.13
$47.86
45-year-old male
$55.00
$60.76
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Corebridge history, reputation, and social responsibility
Today, Corebridge sells a range of insurance and retirement products in over 70 countries. The current CEO of Corebridge is Kevin Hogan, who was previously the CEO of AIG Life & Retirement. Corebridge has more than 8,000 employees worldwide.
According to its website and literature, Corebridge is "committed to creating an inclusive workplace" and has established a Diversity Council and Employee Resource Groups. It also claims to have embedded Environmental, Social and Governance (ESG) values into its culture, products, and actions, but since the company was only established in 2022, Corebridge has not reported on any specific ESG impact yet. [2]
Corebridge in the news
In November 2022, Corebridge reported an increase in quarterly profits in its first earnings report as a new, public company. (Reuters)
In September 2022, Corebridge Financial debuted as a public company on the New York Stock Exchange with an IPO value of $13.2 billion. (Insurance Business Journal)
In March 2022, AIG announced it would rebrand its Life & Retirement Business as Corebridge Financial, Inc. and spin it off as a standalone company. (Insurance Business America)
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Corebridge vs. other life insurance companies
Compare Corebridge to similar life insurance companies using the table below.
Policygenius uses external sources, including government data, industry studies, and reputable news organizations to supplement proprietary marketplace data and internal expertise. Learn more about how we use and vet external sources as part of oureditorial standards.
Alani Asis is a contributing writer at Policygenius, focusing on insurance company reviews. She is a former Personal Finance Reviews Fellow at Business Insider, and her work has also appeared in LendingTree and Sound Dollar.
Logan Sachon is a former senior managing editor of life insurance and research at Policygenius. As a journalist, her work has appeared in The Guardian, Business Insider, CNN Money, BuzzFeed, Money Under 30, VICE, New York Magazine, and elsewhere.
Adam Morgan is a former editorial director at Policygenius who led the editorial team. Previously, he led editorial teams matrixed across multiple financial publications at Red Ventures — including Bankrate, NextAdvisor, Million Mile Secrets, and others. As a journalist, his work has appeared in Esquire, Scientific American, The Guardian, Los Angeles Times, and elsewhere.
