AIG vs. Foresters Financial: Best Life Insurance Company in 2021

The term life insurance comparison for AIG vs. Foresters Financial shows that both companies have similar life insurance rates. The AIG and Foresters Financial financial strength ratings show some variance with AIG boasting an A.M. Best rating of A compared to B+ for Foresters Financial. With few discounts to choose from, the AIG and Foresters Financial life insurance rates start at just $7.79/month.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

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...

Full Bio →

Written by

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.

Full Bio →

Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Jul 19, 2021

Advertiser Disclosure

It’s all about you. We want to help you make the right life insurance coverage choices.

Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.

Quick Facts

  • The life insurance rates for AIG vs. Foresters Financial are comparable, with each company catering to different policy lengths and coverage amounts.
  • AIG boasts strong financial ratings while Foresters Financial could use some improvement in this category.
  • Neither company offers much in the form of life insurance discounts but you may be able to receive some member benefits.

You’re researching the top life insurance companies and you’ve settled on AIG vs. Foresters Financial. Which is better? Finding the best term life insurance quotes starts with looking at the best life insurance providers.

It takes time to find reputable life insurance companies with good rates. We’ll help by analyzing rates, financial strength ratings, and available discounts for AIG vs. Foresters Financial.

AIG and Foresters Financial are both great companies, but you shouldn’t stop your research comparing AIG vs. Foresters Financial life insurance companies. Take advantage of our free quote tool above to get multiple quotes from top life insurance companies today.

AIG vs. Foresters Financial: How do they compare?

AIG, or American International Group, is considered a top insurance and financial service provider in the United States. Foresters Financial has also been a strong life insurance provider for over 100 years.

With both AIG and Foresters Financial you will have an assortment of life insurance policies to choose from. AIG and Foresters both provide term life insurance and permanent life insurance options, such as, universal life, and whole life insurance policies to suit various buyer needs.

AIG insurance also offers more than just that type of policy. For example, you’ll find life insurance, personal accident and health insurance, and even AIG travel insurance options.

Both companies have a rich history in the life insurance industry, so which of these life insurance coverage options is the best? We’ll break it down by looking at rates, product lines, ratings, and available discounts below.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

AIG vs. Foresters Financial: What are their monthly rates?

Finding the best life insurance rates is a top priority for most customers, often more than finding the best life insurance coverage to make sure they are adequately protected. As popular brands, you can expect to find affordable life insurance quotes from both AIG and Foresters Life Insurance. But which company has better life insurance rates?

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
Get Your Rates Quote Now

Compare RatesStart Now →

With most life insurance companies, you’ll notice that men usually pay more than women and that longer terms are more cost-effective than shorter-term policies. You can also expect rates to increase as you age, especially when it comes to term life insurance.

This all holds true with the AIG life insurance rates above. You can learn more about trends for life insurance rates with our life insurance rate comparison charts.

Sample Average Female Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
CompanyAge 50 Average Monthly RatesAge 60 Average Monthly Rates
American Amicable$58.50$136.35
 Banner $31.17 $78.83
Cincinnati Life $27.28$56.76
Fidelity Life $45.68$58.32
 Foresters $31.94 $85.97
John Hancock$33.92$78.08
Liberty Mutual$32.94$59.76
 Lincoln $32.77 $160.13
 Mutual of Omaha $36.05 $94.02
Haven Life$21.54$48.09
MassMutual$31.08$63.58
Get Your Rates Quote Now

Compare RatesStart Now →

There are some subtle differences when you buy AIG vs. Foresters life insurance rates. AIG is more likely to have cheaper rates when compared to Foresters Financial, but that isn’t always the case.

Accordia Life vs. SBLI Average Monthly Life Insurance Rates for Women (Non-Smokers)
Age of Female Non-SmokerAccordia Life Average Monthly Rates $100,000/20-yearSBLI Average Monthly Rates $100,000/20-year
25$10.68$8.67
30$10.77$8.75
35$11.57$9.07
40$13.71$11.05
45$17.53$14.05
50$23.85$19.31
55$33.38$26.76
60$52.51$39.41
65$95.68N/A
Get Your Rates Quote Now

Compare RatesStart Now →

AIG and Foresters Financial quotes are roughly the same for intermediate policy lengths and coverage amounts. AIG tends to be cheaper for 30-year terms and term life insurance policies with more than $250,000 in coverage.

Foresters life insurance rates tend to be cheaper than AIG for younger customers with policy amounts lower than $250,000.

It’s also worth mentioning that the AIG and Foresters Financial burial insurance policies are popular insurance coverage choices for those looking to reduce their insurance expenses.

What is burial insurance? Burial insurance is a basic type of life insurance product that helps cover the expenses of a funeral rather than providing customers with hefty death benefits. The smaller payout means much lower monthly rates.

Accordia Life vs. State Farm Average Monthly Life Insurance Rates for Women (Non-Smokers)
Age of Female Non-SmokerAccordia Life Average Monthly Rates $100,000/20-yearState Farm Average Monthly Rates $100,000/20-year
25$10.68$12.70
30$10.77$13.22
35$11.57$15.40
40$13.71$18.62
45$17.53$22.97
50$23.85$29.32
55$33.38$38.11
60$52.51$60.20
65$95.68$97.44
Get Your Rates Quote Now

Compare RatesStart Now →

With burial insurance, AIG comes in a good bit more expensive than Foresters life insurance, as shown above. This is a good example of why ranking life insurance companies is a complex but important part of the process when you’re choosing a provider.

AIG vs. Foresters Financial: What are their financial strength ratings?

With life insurance, price is typically one of the most important factors for consumers. Many policies are long-term commitments that can add up over time. Because your beneficiary won’t be filing a claim for a long time (hopefully), it’s also important to research a company’s financial ratings.

Financial ratings help us understand if a company is financially stable and if it will be capable of providing death benefits well into the future; it’s a good metric to measure their claims-paying ability. So, is Foresters Financial a good company in that regard?

Accordia Life vs. SBLI Average Monthly Life Insurance Rates for Men (Non-Smokers)
Age of Male Non-SmokerAccordia Life Average Monthly Rates $100,000/20-yearSBLI Average Monthly Rates $100,000/20-year
25$11.93$9.50
30$12.28$9.50
35$12.28$9.72
40$16.02$11.64
45$422.16$17.14
50$30.79$23.59
55$46.10$36.31
60$75.38$61.63
65$166.88N/A
Get Your Rates Quote Now

Compare RatesStart Now →

Despite having comparable rates to AIG, Foresters Financial is lacking the financial strength that AIG has. Foresters Financial has made some recent changes that have likely contributed to their subpar financial strength rating, according to GlobalNewsWire.

In short, the AIG and Foresters Financial company ratings suggest neither company is in major financial distress. However, AIG currently looks to be the stronger company for the future.

AIG vs. Foresters Financial: What discounts are offered?

As previously mentioned, considering the cost of insurance is important when shopping for life insurance coverage, and discounts may be a big component. When two life insurance companies have comparable rates, sometimes discounts can be the tie-breaker in making life insurance decisions.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

Neither AIG nor Foresters Financial is well-known for a variety of life insurance discounts. AIG tends to rely on great bottom-line life insurance rates that many competitors can’t beat.

The truth is, it’s often difficult to find life insurance sales or discounts. Foresters Financial, like AIG, also offers reasonable rates and other money-saving resources included in the Foresters Financial services, listed below.

  • Diabetes discounts with Accu-chek
  • Lifelong learning resources
  • Living will services
  • Financial counseling
  • Orphan benefits and scholarships
  • Interest-free terminal illness loans

While the Foresters Financial life insurance rates aren’t directly affected by these discounts or benefits, they can be helpful resources for members to use, free of charge.

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

AIG vs. Foresters Financial: What are the pros and cons?

Both AIG and Foresters Financial have been strong life insurance providers for many years.

What are the top 5 life insurance companies? That depends on your needs, resources, and health status. Every company caters to different populations with different budgets.

AIG boasts an A.M. Best rating of A compared to B+ for Foresters Financial.

The Foresters Financial reviews via the Better Business Bureau suggest the company needs improvement with customer satisfaction. AIG also lacks strong reviews through the BBB, with neither company rating above a two out of five.

Because each company has pros and cons, we’ll highlight the key takeaways when analyzing AIG vs. Foresters Financial here.

Pros

  • Strong financial ratings (AIG)
  • Competitive rates (both companies)
  • Strong member resources (Foresters Financial)

Cons

  • Few discounts (both companies)
  • Subpar financial ratings (Foresters Financial)
  • Recent company sell-offs (Foresters Financial)

As of now, there is no major reason to panic for either life insurance company. That said, it appears that AIG is the more stable of the two given recent history.

AIG vs. Foresters Financial: What’s the bottom line?

With comparable rates, decent financial strength, and a lack of discounts from both companies, there is a lot to like when comparing AIG vs. Foresters life insurance options.

Comparing AIG vs. Foresters Financial life insurance quotes is important, but don’t forget to look at other industry leaders. Get free life insurance quotes in just a few clicks to see if you can save money today.

Ready to compare quick life insurance quotes?

Your life insurance quotes are always free.

 Secured with SHA-256 Encryption

QuickQuote is a BBB Accredited Business. BBB