Why Friars Consider AIG Life Insurance
Friars, like many clergy, face unique financial responsibilities, from housing and travel to supporting parish initiatives. AIG's life insurance options offer policies that can cover these needs while providing a safety net for families and the community.
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Types of Policies Available
AIG offers term and whole‑life policies. Term policies provide coverage for a set period, useful for temporary needs such as a mission trip or a new parish. Whole‑life policies accumulate cash value over time, allowing friars to use the policy for future projects or as a legacy tool.
Eligibility and Application Process
Eligibility hinges on age, health, and the nature of the clergy role. Friars must complete a health questionnaire and may need a medical exam. The application can be submitted online or through an insurance broker familiar with clergy benefits.
Key Benefits for Friars
• Estate protection for parish members and beneficiaries• Potential tax‑advantaged savings in whole‑life plans• Flexible riders for disability or critical illness coverage• Lower rates for non‑profit status
What to Check Before Buying
• Verify the policy limits match the friary's financial needs• Compare riders that address clergy‑specific risks, such as travel or mission work• Confirm the insurer's experience with religious organizations• Review the claim process and support resources for clergy communities
Next Steps for Interested Friars
Reach out to AIG's clergy insurance department or a licensed broker who specializes in religious coverage. Request a quote, review policy documents, and discuss any unique needs your friary may have.