Tampa based Form America LLC is happy to announce that our primary insurance provider, AIG, has been named one of the cheapest insurance companies in 2023 for the cheapest life insurance by Forbes Advisor.¹ Forbes selected AIG’s American General Select-a-Term based on the policy having low rates for an assortment of buyer ages and coverage amounts with various term choices. AIG carries an A rating from insurance rating company AM Best.
As a Florida licensed independent insurance agent, we get to pick the best policies out of the hundreds of companies available, and it is an honor to represent AIG to our customers. We picked AIG as being best in class, and they approved us for Florida for their Florida certified policies including :
Term Insurance : Term life insurance is one of the simplest and most affordable types of life insurance. It allows clients to select the amount of benefit they need, for the length of time they need it. This is where the Forbes selection of American General Select-a-Term was named among the cheapest in the country.
Index Universal Life Insurance : Indexed universal life insurance is a type of permanent life insurance, which means it has a cash value component in addition to a death benefit. The money in your cash value account can earn interest based on a stock market index chosen by your insurer, such as the S&P 500 or the Nasdaq Composite.
Simplified Issue Life : Very easy to apply, quick and easy underwriting, and we usually can discuss options during the appointment as we enter data together into AIG’s SimpliNow Legacy® underwriting. The quickest, easiest way to get your life insured.
Guaranteed Issue Life : An affordable life insurance option made simple – no medical exam, no health questions, and acceptance is guaranteed between the ages of 50 – 80. The tax free benefits can help with final expenses.
Guaranteed Universal Life : Delivers guaranteed protection with the potential cash access the partial withdrawal capability brings. Guaranteed Return of Premium options. It also offers riders that provide access to cash should you suffer a chronic illness or need additional funding during their retirement years.
Traditional Fixed Annuities : A fixed annuity provides guaranteed retirement income payments. With a fixed annuity contract, you make one or several payments to the annuity provider, which in turn promises to pay you a fixed return on your contributions, no matter how markets are performing. Annuities make sure you don’t outlive your money.
Income Annuities : Instead of providing a fixed rate of return, an income annuity provides a fixed monthly income that is guaranteed for life. Lifetime income annuities can provide a hedge against outliving your savings. We do not sell more volitile variable annuities.
Indexed Annuities : Equity indexed annuities (also referred to as fixed indexed annuities) are considered to be a type of fixed annuity because they have a guaranteed rate of return that cannot change or decrease during the lifetime of your plan. There’s a floor guaranteed on an Indexed Annuity in contrast to a Variable Annuity. We don’t sell Variable Annuities.
Whole Life : Whole life with guaranteed cash value, guaranteed level fixed-premium, level-death benefit, nonparticipating, single life, endowment at age 100 contract. Available for term conversions only.
and
Assured Edge : Assured Edge income Achiever is a tax-deferred fixed annuity that features a flexible guaranteed lifetime withdrawal benefit (GLWB).
About Form America LLC : Form America LLC is a fast growing privately held company out of Tampa, Florida specializing in low cost legal form preparation. In addition, the company’s owner is licensed in the State of Florida to sell funeral insurance under subsidiary FinalExpenseFlorida.com, as well as a full host of personal insurance products from AIG and other top rated Florida certified insurers. For a no cost consultation, contact help@formamerica.com or visit www.FinalExpenseFlorida.com to leave your contact information.
¹https://www.forbes.com/advisor/life-insurance/cheap-life-insurance/