AIG vs. Cincinnati: Best Life Insurance Company in 2021

When looking at top life insurance options, AIG vs. Cincinnati should be a consideration. AIG and Cincinnati financial ratings are strong with A.M. Best ratings of A and A+ respectively. The AIG and Cincinnati term life insurance rates are competitive with both companies offering rates under $10/month.

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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: Mar 18, 2021

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Quick Facts

  • AIG and Cincinnati Life rates are similar although AIG tends to be cheaper for healthy adults
  • Cincinnati Life has slightly stronger financial ratings although both companies appear financially stable
  • AIG has cheaper rates but does not offer as many discounts as Cincinnati Life

If you’re shopping for the best term life insurance quotes, you’ll want to compare top companies like AIG vs. Cincinnati Life Insurance Company. These companies are well-known and available nationwide.

Shopping for life insurance can be confusing. That’s why we’ll compare and contrast AIG vs. Cincinnati life insurance rates, ratings, and reviews. By the end, you’ll be able to decide if AIG or Cincinnati life insurance is better for you.

Even if you’re ready to compare AIG and Cincinnati life insurance rates, it’s always wise to get quotes from other companies. Get multiple quotes from top life insurance providers using our free quote tool above.

How do AIG vs. Cincinnati compare?

American International Group (AIG) and Cincinnati Insurance Company (CinFin) are both considered leaders in the life insurance industry.

Both companies have been competing in the life insurance industry for over 70 years and have grown during that time. Each company offers an assortment of insurance, risk management, and investment options for its clients.

To make matters easier, we’ll focus on the life insurance products offered by AIG vs. Cincinnati. Who is the best life insurance company?

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AIG vs. Cincinnati: What are their monthly rates?

For most of the working class, the cost is of utmost concern when buying life insurance. Popular companies like AIG and Cincinnati Life must have competitive life insurance rates. Which company is cheaper?

Sample AIG Life Insurance Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term (Male)$100,000: 20-Year Term (Female)$250,000: 20-Year Term (Male)$250,000: 20-Year Term (Female)$500,000: 20-Year Term (Male)$500,000: 20-Year Term (Female)
25$10.94$10.60$12.90$11.33$19.57$16.67
35$11.17$11.07$13.53$12.69$21.28$18.37
45$17.59$14.42$28.28$23.06$48.60$38.47
55$37.26$27.46$69.89$52.58$124.83$90.58
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The AIG life insurance rates above show common changes in cost. You’ll notice that males tend to pay a bit more than females and that these rates increase with age. Longer life insurance term lengths tend to cost more in general.

Sample John Hancock Life Insurance Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term (Male)$100,000: 20-Year Term (Female)$250,000: 20-Year Term (Male)$250,000: 20-Year Term (Female)$500,000: 20-Year Term (Male)$500,000: 20-Year Term (Female)
25$11.36$9.69$14.21$12.39$21.61$18.66
35$11.36$10.36$16.86$15.64$23.11$22.86
45$17.81$14.95$31.54$28.26$44.21$39.01
55$34.95$27.50$78.24$56.54$107.46$87.41
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The Cincinnati Insurance Company rates above are comparable to AIG’s life insurance rates. Overall, AIG is cheaper for younger adults while Cincinnati is cheaper for older adults.

Sample Liberty Mutual Life Insurance Rates by Age, Gender, and Coverage
Age $100,000: 20-Year Term (Male)$100,000: 20-Year Term (Female)$250,000: 20-Year Term (Male)$250,000: 20-Year Term (Female)$500,000: 20-Year Term (Male)$500,000: 20-Year Term (Female)
25$22.14$17.73$33.30$23.40$45.45$35.55
35$24.03$20.16$39.60$30.15$60.30$45.00
45$39.06$32.04$78.53$62.33$123.75$95.85
55$95.58$67.05$220.95$149.85$380.70$247.05
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You should be able to find affordable AIG or Cincinnati life insurance rates. If you are choosing a company solely on monthly rates, Cincinnati Life might only be superior if you are a male and a smoker.

AIG vs. Cincinnati: What are their financial strength ratings?

While monthly rates are clearly important, they shouldn’t be the only factor you consider when shopping for AIG insurance or Cincinnati insurance. You’ll want to know if the company is in good standing too.

AIG vs. John Hancock Life Insurance Rates Comparison by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (AIG)10-Year Term (John Hancock)20-Year Term (AIG)20-Year Term (John Hancock)
25 - Male$10.34$12.04$12.90$14.21
25 - Female$9.57$10.34$11.33$12.39
35 - Male$11.67$12.44$13.53$16.86
35 - Female$11.08$11.31$12.69$15.64
45 - Male$17.95$18.16$28.28$31.54
45 - Female$16.46$17.46$23.06$28.26
55 - Male$41.68$36.06$69.89$78.24
55 - Female $31.68$27.89$52.58$56.54
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Who is the best life insurance company? Based on financial ratings, Cincinnati Life Insurance Company proves to be slightly more stable. Neither company appears to be in any danger of financial collapse, however.

Cincinnati Life holds a stronger A.M. Best and Moody’s rating for financial strength. This means that there shouldn’t be any concern about the company folding or being unable to pay a death benefit due to financial reasons.

Which insurance company is best at paying claims? In this case, both companies should have no issue paying claims. Cincinnati would be more reliable if you were forced to choose a stronger company.

AIG vs. Cincinnati: What discounts are offered?

Who wouldn’t want to save money? In many cases, life insurance companies offer discounts for purchasing multiple products, agreeing to additional terms, or for other reasons. That’s what sets the best insurance companies apart from others.

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AIG doesn’t advertise many discounts, if any. They do offer some suggestions on how to save money on term life insurance. Some of these suggestions include some common methods of saving money on your term life insurance policy.

Cincinnati Life does offer an assortment of life insurance discounts that could be the primary difference between the two companies. These discounts include:

  • Claim History
  • Healthy Living
  • Safety
  • Multiple Policies

These are Cincinnati Life discounts that can be applied with other money-saving methods like purchasing young, renewing policies, and more.

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AIG vs. Cincinnati: What are the pros and cons?

In summary, AIG and Cincinnati Life are both reputable life insurance providers that are clearly competitive. Is AIG good life insurance? You should feel comfortable purchasing policies from AIG and Cincinnati.

What is the best life insurance company to work for? When reviewing workplace satisfaction between AIG and Cincinnati, the competitiveness doesn’t change much. Both companies have similar employee ratings, according to Glassdoor.

Keep in mind the above ratings are based on the companies as a whole. For example, AIG travel insurance employees might have left reviews that impact the life insurance company ratings for employees.

Many people will consider AIG and Cincinnati Life some of the top life insurance companies in the industry. Who are the top 10 life insurance companies? This depends on who you ask.

As you may have noticed, each life insurance company has ups and downs. Here we’ll simplify the good and the bad of each:

Pros

  • Strong Financial Ratings (Both)
  • Competitive Rates (Both)
  • Numerous Discounts (Cincinnati)

Cons

  • Few Discounts (AIG)
  • More Expensive for Young Adults (Cincinnati)

Overall, both companies are able to show why they are known as reputable life insurance companies. Some consider these companies some of the best for company size if you don’t want a small life insurance company.

AIG vs. Cincinnati: The Bottom Line

AIG and Cincinnati Life are both reasonable options that provide cheap term life insurance rates. The AIG and Cincinnati financial ratings suggest they should continue to be strong providers for years to come.

The AIG vs. Cincinnati life insurance quotes above are encouraging, but you always want to shop for other options. Take advantage of our free quote tool below to get instant rates from top life insurance providers in minutes.

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