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
|
Written by
Rachael Brennan
|
|
Reviewed by
Benji Carr
|
UPDATED: Mar 29, 2021
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.
- 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 for financial strength
- Neither company offers much in the form of life insurance discounts but you may be able to receive some member benefits
When researching the top life insurance companies, you may want to consider AIG vs. Foresters Financial. Finding the best term life insurance quotes often starts with 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 there. Take advantage of our free quote tool above to get multiple quotes from top life insurance companies today.
How does AIG vs. Foresters Financial 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 options to choose from. AIG and Foresters both provide term, universal, and whole life insurance options to suit various buyer needs.
AIG insurance is also available for other products. For example, you’ll find life insurance, personal accident and health insurance, and even AIG travel insurance options.
With each company having a rich history in the life insurance industry, who is the best life insurance provider? We’ll break it down using their rates, 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. As popular brands, you can expect affordable AIG and Foresters Financial life insurance rates. Which company has better life insurance rates?
| 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 |
Get Your Rates Quote Now |
||||||
With most life insurance companies, you’ll notice that males pay more than females and that longer terms are more cost-effective than shorter-term policies. You’ll also expect rates to increase as you age.
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.
| Company | Age 50 Average Monthly Rates | Age 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 |
||
There are some subtle differences in AIG vs. Foresters Financial life insurance rates. AIG is more likely to have cheaper rates when compared to Foresters Financial, but that isn’t always the case.
| Age of Female Non-Smoker | Accordia Life Average Monthly Rates $100,000/20-year | SBLI 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 | $95.68 | N/A |
Get Your Rates Quote 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 life insurance policies with more than $250,000 in coverage.
Foresters Financial 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 options for those looking to reduce their insurance expenses. What is burial insurance?
Burial insurance is a basic life insurance product that can help to cover the expenses of a funeral rather than providing customers with a hefty death benefit. The smaller payout leads to much lower monthly rates.
| Age of Female Non-Smoker | Accordia Life Average Monthly Rates $100,000/20-year | State 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 |
||
With burial insurance, AIG comes in a good bit more expensive than Foresters Financial, as shown above. This is a good example of why ranking life insurance companies is so difficult.
AIG vs. Foresters Financial: What are their financial strength ratings?
With life insurance, prices are typically the most important for consumers. Many policies are long-term commitments that can add up over time. Because of the long-term commitment, it’s also important to research a company’s financial ratings.
Financial ratings help us understand if a company is financially stable and able to continue providing death benefits when the time comes. Is Foresters Financial a good company?
| Age of Male Non-Smoker | Accordia Life Average Monthly Rates $100,000/20-year | SBLI 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 | $166.88 | N/A |
Get Your Rates Quote 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, according to GlobalNewsWire.
In short, the AIG and Foresters Financial company ratings suggest neither company is in major financial duress, however, AIG currently looks to be the stronger company for the future.
AIG vs. Foresters Financial: What discounts are offered?
Since pricing is so important with life insurance, discounts are a big component while shopping for life insurance. When life insurance companies have comparable rates, sometimes discounts can be the deal-breaker.
Ready to compare quick life insurance quotes?
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Neither AIG or Foresters Financial are 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 hard 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 subjected to these discounts or benefits, they can be helpful resources for their 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. Many people consider both companies to be some of the best life insurance companies in the business which helps knowing before you buy AIG or Foresters Financial products.
What are the top 5 life insurance companies? That depends on your needs, resources, and health status. Each company is catered to different populations with different budgets.
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: 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 Financial life insurance options.
Comparing AIG vs. Foresters Financial quotes is important, but don’t forget to compare them to other industry leaders. Get free life insurance quotes in just a few clicks to see if you can save money today.
