UPDATED: Feb 25, 2020
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American General Life Insurance Company (AIG), recently launched AIG Accident Expense Plus, a health insurance product that provides accidental injury coverage. AIG Accident Expense Plus is designed to provide first-dollar coverage for accidents, as a way to help those with large deductibles on their existing health insurance policies. Policyholders will also be able to purchase a critical illness rider with the policy that provides benefits in the event of heart attack, stroke or cancer.
“To combat rising premiums in their major medical plans, many individuals and families are increasing their deductibles, co-payments and other out-of-pocket expenses,” said Jay Drucker, vice president, Accident and Health, AIG American General. “AIG Accident Expense Plus offers an easy and affordable solution to help ensure that out-of-pocket costs from an accident or critical illness don’t jeopardize their financial stability. AIG Accident Expense Plus is an ideal way to protect against the sometimes staggering financial burdens associated with an unforeseen accident, and those can include sports-related injuries, which many of today’s active families face.”
The new product offers the following benefits:
- Coverage is available for individuals and families.
- Policyholders can select any physician, hospital or medical facility for their care.
- Policy benefits are paid directly to the policyholder.