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Life Insurance for £1m (level term) - LV or AIG
Comments
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LV are owned by Allianz, If I recall correctly, so they are European.
AIG is American.Neither of the above should matter.They are both part of large multinationals and their UK arms are, I assume, regulated by the FSA. Maybe you should check they aren't operating out of Gibraltar or somewhere like that?I don't think I'm helping.Maybe you should flip a coin?0 -
LV are owned by Allianz, If I recall correctly, so they are European.
LV sold their general insurance business to Allianz but retained their life & pensions book. Members voted against the offer from Bain Capital in early 2021. Royal London then entered talks, but those collapsed in February 2022 and LV retain their status as a mutual for the time being.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2 -
AIG parents company is in the US but it’s UK entity is a full UK domiciled insurance company (not just a branch)mgfvvc said:LV are owned by Allianz, If I recall correctly, so they are European.
AIG is American.Neither of the above should matter.They are both part of large multinationals and their UK arms are, I assume, regulated by the FSA. Maybe you should check they aren't operating out of Gibraltar or somewhere like that?I don't think I'm helping.Maybe you should flip a coin?0 -
AIG's contribution to the credit crunch is more than enough to put me off.
I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I have AViva as they can give discounts for car insurance sometimes. I also saw they offer 'best treatment' mini health insurance for those with income protection, not sure if they offer this for life cover"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
I believe with AIG you get access to digital GP also (can't remember with LV).
Check what additional benefits is offered with either such as digital GP, second medical opinion, etc.0
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