AIG Whole Life Insurance Review (2026)
2026 verdict: A quote that still says “AIG” in the United States is usually American General Life Insurance Company paper, or The United States Life Insurance Company in the City of New York in New York. Both sit under Corebridge Financial. As of Corebridge’s investor ratings table, last updated April 8, 2026, A.M. Best’s Financial Strength Rating on those issuers is A (Excellent), and the outlook is under review with developing implications. A.M. Best’s own March 27, 2026 release says the same letter and the same under-review status.
That review followed the March 26, 2026 all-stock merger agreement with Equitable Holdings. Corebridge’s release and Equitable’s release both say the combination was expected to close by year-end 2026, subject to regulatory approval and the other closing conditions. Corebridge’s July 30, 2026 release says stockholders of both companies had approved the merger and that regulatory approval was still open, with closing still expected by year-end 2026. Until a policy shows a new issuing company, the name on the contract is the name that pays the claim.
This is a term, universal life, and guaranteed-universal-life shelf. It is the wrong first stop for participating cash-value whole life. Get a whole life quote when that is the job.
Products and ratings as of October 17, 2026
| Item | Sourced fact | As of |
|---|---|---|
| Life issuers | American General Life Insurance Company issues outside New York. The United States Life Insurance Company in the City of New York issues in New York. The Variable Annuity Life Insurance Company is listed on Corebridge’s ratings table for certain annuities; that annuity line is the company’s table, not the Allstate release. | Corebridge investor ratings page, last updated April 8, 2026, and Corebridge’s Allstate distribution release (life issuers) |
| A.M. Best | FSR A (Excellent) on American General Life, U.S. Life, and VALIC. Under review with developing implications. | Corebridge table, April 8, 2026, and A.M. Best, March 27, 2026 |
| S&P, Moody’s, Fitch | The same Corebridge table lists S&P A+ (CreditWatch Negative), Moody’s A2 (stable), and Fitch A+ (positive) for those three issuers. A separate agency release was not used for these three letters, so they stay labeled as the company’s table. | Corebridge investor ratings page, last updated April 8, 2026 |
| Term | Select-a-Term, with 18 term lengths, including 10, 15, and 20 years. American General Life issues it except in New York, where U.S. Life issues it. | Corebridge’s term page and Corebridge’s 2025 Allstate distribution release |
| Permanent life | Corebridge told Allstate’s sales force it would make permanent life available alongside Select-a-Term. Our guaranteed universal life ranking discusses the Corebridge GUL slot after Pacific Life and Protective. Confirm the form number on a current illustration. | Allstate distribution release; this site’s GUL ranking |
| Merger | Definitive all-stock agreement with Equitable Holdings. Each Corebridge share would receive 1.0000 share of the new parent. Each Equitable share would receive 1.55516 shares. Closing was expected by year-end 2026 when the deal was announced. Stockholders approved it on July 30, 2026, with regulatory approval still required. | Corebridge and Equitable releases, March 26, 2026; Corebridge stockholder release, July 30, 2026; A.M. Best, March 27, 2026 |
The March 26 announcement described the combination as a firm with more than 12 million customers and about $1.5 trillion of assets under management and administration. That sentence is the announcement’s description of the combined company. It is not an American General in-force statistic, and it is not used here as one.
No premium, cap, or dividend rate is printed on this page. A single agent listing was not enough to publish a face-amount minimum.
Who it fits
People who were offered Corebridge, American General, or U.S. Life term, or a permanent Corebridge illustration, and people who already own an in-force American General contract and want the 2026 rating status.
Skip it when the goal is dividend whole life and paid-up additions. Start with MassMutual and the top whole life companies for cash value.
Pros
- The issuing companies are named, and the A.M. Best letter is A (Excellent) as of April 8, 2026, with the under-review flag stated in A.M. Best’s March 27, 2026 release.
- Select-a-Term is a current Corebridge product on two company sources, with a long list of term lengths.
- An announced merger is not, by itself, a new issuer. The contract names the company that has the obligation.
Cons
- “Under review with developing implications” means the A can be restated when the Equitable combination closes or if the review ends another way. Recheck the letter before you rely on it.
- The competitive permanent products in this franchise are universal life designs. They are a poor substitute for a mutual whole life illustration.
- Searching “AIG” and buying the first permanent quote mixes the old holding-company name with today’s issuer.
What is AIG term insurance in 2026?
AIG term insurance, on current Corebridge pages, is Select-a-Term issued by American General Life Insurance Company, except in New York, where The United States Life Insurance Company in the City of New York issues it. Corebridge’s term page and its Allstate distribution release both describe 18 durations, including 10, 15, and 20 years. Price the illustration. This page does not reprint a rate.
What should an AIG insurance review decide?
Decide three things. Which legal entity issues the policy. Whether A.M. Best’s A, under review as of March 27, 2026 and still listed that way on April 8, 2026, is acceptable for the death benefit. And whether the product is term or universal life rather than participating whole life. The Equitable merger agreement is real and, as of Corebridge’s July 30, 2026 release, was not closed.
Bottom line
Treat “AIG whole life” as a Corebridge term and universal-life quote, with the rating under review because of the Equitable deal. Buy participating cash value from a mutual. Get a whole life quote.
Sources
Checked October 17, 2026.
- Corebridge financial strength ratings, last updated April 8, 2026: investors.corebridgefinancial.com
- A.M. Best, March 27, 2026, ratings placed under review with developing implications after the Equitable agreement: news.ambest.com, ref. 37168
- Corebridge and Equitable merger announcement, March 26, 2026: Corebridge and Equitable
- Corebridge, stockholders approve the merger, July 30, 2026: stockholder release
- Corebridge term life: corebridgefinancial.com/term-life
- Corebridge, life products through Allstate Financial Services, including Select-a-Term: investor news
