AIG vs. American Amicable: Best Life Insurance Company in 2021

AIG vs. American Amicable life insurance rates suggest that AIG consistently offers cheaper life insurance. The A.M. Best ratings for AIG and American Amicable are indicative of strong financial stability. The AIG vs. American Amicable ratings through the Better Business Bureau show that American Amicable may have better customer service.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: May 7, 2021

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Quick Facts

  • AIG vs. American Amicable life insurance rates show that AIG is consistently the cheaper option
  • American Amicable and AIG each have a strong A.M. Best rating although AIG has the edge
  • American Amicable appears to have better customer service than AIG, according to the BBB

When looking for the best term life insurance quotes, you’ll want to compare companies like AIG vs. American Amicable. Sometimes smaller life insurance companies have just as much to offer.

Whether you’re looking for the best life insurance rates, strong financial ratings, good customer service, or something more, this AIG vs American Amicable overview will help you decide which company is best for you.

Before jumping into this AIG vs. American Amicable life insurance review, type your ZIP code into our free quote tool to receive life insurance quotes from companies near you.

AIG vs. American Amicable: Who is the better life insurance company?

American International Group, or AIG, is one of the most reputable insurance brands out there. American Amicable, on the other hand, is a lesser-known insurance provider that has operated for a surprisingly long time.

AIG has marketed well over recent years to continue achieving new growth milestones. While American Amicable might not be as popular, it’s important to note that sometimes the best life insurance rates come from smaller companies.

Is American Amicable legit? American Amicable has operated for over 100 years. The Texas-based company operates in one of the more notable buildings in Waco, Texas.

With American Amicable, you’ll be able to purchase whole life insurance, term life insurance, or universal life insurance products. AIG offers the same primary products but with guaranteed-issue whole life insurance.

The primary difference between AIG vs. American Amicable insurance is that AIG also offers an assortment of other products that aren’t related to life insurance.

With AIG, you’ll find AIG travel insurance, AIG retirement solutions, health insurance, and more. AIG insurance options are more diverse, in a nutshell. Diverse product options don’t necessarily mean good rates or reliable products.

How much does life insurance cost? You can expect some differences between companies, so we’ll compare the AIG vs. American Amicable life insurance rates below.

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AIG vs. American Amicable: How do the life insurance rates compare?

Finding competitive term life insurance rates is important since life insurance is typically a long-term commitment. With AIG being such a notable life insurance company, you can anticipate they will have reasonable rates. How much does life insurance cost?

Sample AIG Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Gender and CoverageAge 25 Average Monthly Rates Age 35 Average Monthly Rates Age 45 Average Monthly Rates Age 55 Average Monthly Rates
$100,000: 20-Year Term (Male)$10.94$11.17$17.59$37.26
$100,000: 20-Year Term (Female)$10.60$11.07$14.42$27.46
$250,000: 20-Year Term (Male)$12.90$13.53$28.28$69.89
$250,000: 20-Year Term (Female)$11.33$12.69$23.06$52.58
$500,000: 20-Year Term (Male)$19.57$21.28$48.60$124.83
$500,000: 20-Year Term (Female)$16.67$18.37$38.47$90.58
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As mentioned, the AIG life insurance rates start off reasonably and follow standard life insurance pricing trends. Can you find affordable AIG vs. American Amicable life insurance rates?

Sample American Amicable Life Insurance Average Monthly Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term Average Monthly Rates (Male)$100,000: 20-Year Term Average Monthly Rates (Female)$250,000: 20-Year Term Average Monthly Rates (Male)$250,000: 20-Year Term Average Monthly Rates (Female)
25$14.67$11.88$25.65$17.78
35$15.57$13.41$29.25$23.85
45$27.99$21.06$59.85$42.98
55$57.51$38.61$132.75$84.83
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American Amicable’s life insurance rates start and finish quite a bit higher than AIG’s. With either company, you can expect rates to increase by age and policy coverage amount. Males can also expect to have higher rates than females.

Average AIG vs. American Amicable Average Monthly Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (AIG) Average Monthly Rates10-Year Term (American Amicable) Average Monthly Rates20-Year Term (AIG) Average Monthly Rates20-Year Term (American Amicable) Average Monthly Rates30-Year Term (AIG) Average Monthly Rates30-Year Term (American Amicable) Average Monthly Rates
25 - Male$10.34$22.50$12.90$25.65$18.94$31.50
25 - Female$9.57$16.43$11.33$17.78$15.49$22.95
35 - Male$11.67$22.73$13.53$29.25$21.08$39.15
35 - Female$11.08$19.13$12.69$23.85$18.89$31.05
45 - Male$17.95$37.80$28.28$59.85$46.47$80.78
45 - Female$16.46$28.35$23.06$42.98$38.98$63.00
55 - Male$41.68$78.30$69.89$132.75$132.37$183.38
55 - Female $31.68$54.00$52.58$84.83$107.73$137.48
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When comparing the AIG vs. American Amicable life insurance rates side-by-side, you’ll notice that AIG clearly offers cheaper life insurance. At times, American Amicable exceeds double the amount for a similar policy to AIG.

Your best bet to get a reasonable American Amicable life insurance quote would be if you were a young female. The difference in price for AIG vs. American Amicable is less notable for females when compared to males.

Another option for those looking for cheaper life insurance is to purchase burial or final expense insurance. Both AIG and American Amicable offer burial insurance to help cover the expenses of a funeral without the long-term commitment of traditional term life insurance.

Average AIG vs. American Amicable Average Monthly Burial Insurance Rates by Age, Gender, and Coverage Amount
Age and Gender$10,000 (AIG Average Monthly Rates$10,000 (American Amicable) Average Monthly Rates$20,000 (AIG) Average Monthly Rates$20,000 (American Amicable) Average Monthly Rates
60 - Male$63.17$45.76$138.18$88.88
60 - Female$50.02$37.22$110.15$71.81
65 - Male$84.15$58.08$184.61$113.52
65 - Female$61.57$45.76$135.37$88.88
70 - Male$98.18$76.57$215.24$150.50
70 - Female$74.52$58.70$163.60$114.75
75 - Male$138.55$104.94$303.31$207.24
75 - Female $107.17$79.42$234.85$156.20
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You’ll see above that the burial insurance rates for AIG vs. American Amicable are much different than the term life insurance rates. American Amicable appears to be much cheaper for burial insurance.

This goes to show that each company has something different to offer. Who are the best burial and final expense life insurance companies? Both American Amicable and AIG are considered top suppliers of burial insurance policies.

AIG vs. American Amicable: Which company has better ratings?

Price is clearly important when shopping for life insurance but it shouldn’t be the only factor you consider when shopping for AIG vs. American Amicable life insurance quotes.

Every life insurance company has something different to offer. Some companies specialize in cheap rates, some offer excellent customer service, and others might include various benefits. Who has better ratings?

Ratings Comparison for AIG vs. American Amicable
Ratings AgencyAIG RatingAmerican Amicable Rating
A.M. BestAA-
Better Business Bureau (BBB)FA+
Fitch's RatingsA+N/A
J.D. Power742N/A
Moody'sA2N/A
Standard & Poor's (S&P)A+N/A
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You’ll see above that AIG continues to be the more prominent life insurance company. Many of the top rating agencies have yet to prioritize American Amicable as a top life insurance provider.

That said, the A.M. Best ratings for each company suggest that they are in good financial standing with no major concerns of a company collapse or bankruptcy.

This bodes well for those choosing to buy AIG vs. American Amicable life insurance.

Despite having a limited number of ratings to choose from, American Amicable does boast a much stronger rating from the Better Business Bureau (BBB) when compared to AIG.

In short, the BBB rating suggests that you are more likely to get in contact with the American Amicable customer service team if you have any specific needs or complaints. AIG lacks strength when it comes to customer satisfaction according to the BBB and even J.D. Power.

How do I cancel my American Amicable account? This process can likely be done through an American Amicable agent login anywhere without a major hassle.

AIG vs. American Amicable: Are there life insurance discounts?

It’s evident that AIG offers cheaper life insurance policies than American Amicable, but that doesn’t necessarily mean that AIG is a better company. We have also seen that there may be some concerns about the AIG customer service.

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Before you rush to get your own AIG vs. American Amicable life insurance quotes, you’ll want to know if either company has anything more to offer on top of a life insurance policy.

In this case, neither life insurance company offers anything significant in addition to a traditional life insurance policy. Some life insurance providers offer membership benefits, health incentives, or other potential discounts.

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AIG vs. American Amicable: What are the pros and cons?

Finding the right life insurance policy doesn’t need to be hard. You should consider which life insurance policy is right for you and what exactly you are looking for in your life insurance company.

For example, sometimes you might just want the cheapest life insurance whereas other times you might want a policy that builds cash value. While both AIG and American Amicable have policies that can earn cash value, we have focused solely on term life insurance which doesn’t.

In any case, there are a number of important considerations to weigh before committing to a life insurance policy. Here, we’ll highlight the key attributes of AIG and American Amicable.

Pros

  • Strong A.M. Best Ratings (Both Companies – AIG rated higher)
  • Affordable Rates (AIG, American Amicable for Burial)
  • Good BBB Rating (American Amicable)

Cons

  • No Discounts (Both Companies)
  • Poor BBB Rating (AIG)
  • Few Financial Strength Ratings (American Amicable)

In this case, AIG is the better-known life insurance company and appears to have more support from top rating agencies. Even so, there are some outstanding concerns about AIG’s customer service, according to the BBB.

AIG vs. American Amicable: The Bottom Line

Shopping for life insurance before you buy is important. Even the most popular companies might not have the best life insurance policies. AIG appears stronger for cheap rates while American Amicable might offer stronger customer service.

The AIG vs. American Amicable life insurance ratings and rates are respectable, but there are many other companies to choose from. Get instant rates from top life insurance providers using our free quote tool below.

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