AIG vs. John Hancock: Best Life Insurance Company in 2021

AIG vs. John Hancock life insurance rates are both affordable and competitive. AIG and John Hancock both show strong financial standing with an A.M. Best Rating of A or better. The AIG vs. John Hancock scores from J.D. Power suggest both companies could use some improvement with customer satisfaction. John Hancock offers discounts of up to 25% with its Vitality programs.

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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 31, 2021

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Quick Facts

  • Comparing the AIG vs. John Hancock life insurance rates shows both companies offer affordable life insurance policies
  • The AIG and John Hancock financial strength ratings suggest both companies are in excellent financial standing
  • John Hancock offers life insurance discounts that could make a big difference if you’re willing to commit to healthy habits

There are few life insurance companies harder to compare than AIG vs. John Hancock. With both companies offering some of the most competitive term life insurance quotes, deciding which is better can be tough.

We all want great life insurance rates. In this article, we’ll look at how affordable AIG vs. John Hancock life insurance rates are, ratings, reviews, and if either company offers discounts.

Before you read more about AIG vs. John Hancock, shop for coverage right now. Compare rates from top providers in minutes using our free quote tool above.

Comparing AIG vs. John Hancock Life Insurance

AIG and John Hancock are staples in the life insurance industry. Also known as American International Group, AIG has a long-standing history of providing an assortment of insurance products in many different countries.

John Hancock is also an established insurance provider with a long history and a prominent name. Both companies are considered some of the top life insurance providers available in the United States.

Both insurers offer term and permanent life insurance options alongside some other products such as investment or retirement solutions. Who is the best life insurance provider?

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AIG vs. John Hancock: How do the rates compare?

Life insurance prices are important. You’ll want to shop rates before you choose whether to buy AIG vs. John Hancock life insurance. Both companies are considered reputable life insurance providers, but which life insurance company is the cheapest? Take a look at some AIG vs. John Hancock quotes.

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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AIG has consistently affordable life insurance rates. Its pricing follows standard life insurance protocols in the sense that the prices increase with age and policy amount. It’s also standard for males to pay a bit more than females in most cases.

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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When comparing AIG vs. John Hancock life insurance rates, John Hancock is consistently more expensive. Overall, the increased rates for John Hancock aren’t in excess, however.

Just as noted with AIG, John Hancock has higher rates for males than females. Rates also increase for older policyholders or for having longer life insurance terms.

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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Although the AIG vs. John Hancock life insurance rates suggest that AIG is consistently cheaper, that isn’t always the case. John Hancock does appear to have a slightly lower emphasis on age than AIG.

For example, a 55-year-old female could pay a few dollars less per month for a 10-year, $250,000 policy with John Hancock than AIG. This is one of the few times AIG is more expensive.

AIG vs. John Hancock: Which has better ratings and reviews?

Since you might find few differences between the AIG vs. John Hancock life insurance quotes, you’ll likely want to know more about each company to better decide which can support your needs better.

Just because these companies offer affordable life insurance rates doesn’t mean they will also have your best interest in mind. Is AIG good for life insurance? Is John Hancock life insurance good? Let’s see what the top rating agencies have to say.

Ratings Comparison for AIG vs. John Hancock
Ratings AgencyAIG RatingJohn Hancock Rating
A.M. BestAA+
Better Business Bureau (BBB)FB
Fitch's RatingsA+A+
J.D. Power742737
Moody'sA2A2
Standard & Poor's (S&P)A+AA-
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According to some of the life insurance industry leaders, John Hancock is in slightly better financial standing than AIG. What is the AIG insurance rating? Should I be concerned?

Both companies appear to be in a strong financial position but John Hancock has a slight edge. The A+ A.M. Best rating suggests that John Hancock is more stable, although you should feel confident with AIG’s rating of A.

The J.D. Power scores for each company are slightly below the industry average. This suggests that consumer satisfaction is not up to par for either company.

The AIG rating from the Better Business Bureau also suggests that the company could better handle customer complaints. John Hancock appears to be much more proficient in that regard.

AIG vs. John Hancock: Do they have life insurance discounts?

Based on the financial ratings and prices of AIG vs John Hancock life insurance, they should be considered among the top life insurance companies for 2021.

So far, we’ve noted that AIG has the upper hand on rates while John Hancock has the edge on life insurance ratings and reviews. Discounts could help solve how to choose the best life insurance company for you.

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AIG doesn’t offer any significant discounts on its life insurance products. John Hancock, on the other hand, has an exclusive program that is designed to help the insured save money.

The John Hancock Vitality programs offer health-based incentives for the insured. You can earn major discounts (up to 25%) on your annual premium for engaging in physical activity.

This program also provides potential discounts to providers like Amazon, REI, and FitBit so that you can meet those goals easier. These discounts could make a big impact when considering the AIG vs. John Hancock life insurance rates.

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AIG vs. John Hancock: What are the pros and cons?

This article has covered a lot of information about two of the top life insurance companies in the nation. Each company does have even more to offer despite the prowess of providing life insurance.

For example, AIG travel insurance is one of the more popular options for those who take flights regularly. John Hancock 401k options are also popular.

For those that like to have all of their policies in one place, the John Hancock 401k login and John Hancock login will lead you to all of your John Hancock products condensed into one place. AIG offers similar features.

You can learn even more about each company individually in our AIG life insurance review or John Hancock life insurance review.

Each company has offered a number of pros and cons. Let’s break down the best and the worst of John Hancock life insurance versus AIG insurance.

Pros

  • Strong Financial Ratings (Both Companies – Edge to John Hancock)
  • Competitive Rates (Both Companies – Edge to AIG)
  • Great Discount Program (John Hancock)

Cons

  • No Major Discounts (AIG)
  • Subpar JD Power Scores (Both Companies)
  • Poor Better Business Bureau Rating (AIG)

It’s difficult to make a decision when comparing these two companies. If price is your bottom line and you don’t intend on exercising, AIG might be your best bet. If you’re willing to commit to the Vitality programs with John Hancock, you might be able to get a better product for less.

AIG vs. John Hancock: The Bottom Line

Comparing AIG life insurance to John Hancock shows that every life insurance company has something different to offer. Finding the best insurance company for you requires a bit of research.

Now that you’ve read all about AIG vs. John Hancock you’re well informed about two major life insurance companies. Get instant life insurance rates in just a few clicks using our free quote tool below.

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