AIG vs. MassMutual: Best Life Insurance Company in 2021

AIG vs. MassMutual life insurance rates are nearly identical. Both AIG and MassMutual offer affordable term life insurance options. The financial ratings for AIG vs. MassMutual show that MassMutual is the superior company for financial standing. The MassMutual reviews also suggest the company has better customer service than AIG.

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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: Jul 19, 2021

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Quick Facts

  • AIG vs. MassMutual life insurance rates are both competitive and very similar
  • Both MassMutual and AIG have a stable financial outlook with MassMutual rating higher
  • Life insurance discounts are hard to come by with both MassMutual and AIG

Comparing top life insurance providers might mean comparing AIG vs. MassMutual. With some of the best term life insurance quotes, each company has a proven track record of offering affordable life insurance options.

Shopping for life insurance should be about more than just rates. That’s why this review breaks down the AIG and MassMutual ratings, reviews, and potential discounts.

Read more to get everything you need to know to make an educated decision on whether buy AIG vs. MassMutual life insurance. In the meantime, take advantage of our free quote tool above to compare life insurance quotes right now.

AIG vs. MassMutual: Which is the best life insurance company?

AIG and MassMutual are both reliable options when considering life insurance. Many consumers and agencies consider these some of the best life insurance companies.

AIG is an insurance powerhouse that offers an assortment of products such as AIG travel insurance, AIG health insurance, term life insurance, and universal life insurance.

MassMutual (sometimes Mass Mutual) is another major insurance provider that also has a line of MassMutual retirement solutions. This includes MassMutual RetireSmart and MassMutual 401k options. It also offers term, whole, universal, and variable life insurance options.

Both companies have a strong company history and a diverse assortment of products to choose from. Which insurance company is best for life insurance?

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AIG vs. MassMutual: Which company has cheaper rates?

Life insurance can be seen as an added expense that many people don’t want to take on. Despite the obvious benefits of life insurance, it might be tough to commit to a long-term monthly payment.

This is why life insurance rates are so important. There are tons of life insurance companies to choose from, but AIG and MassMutual are household names that can likely satisfy your life insurance needs. Which company is cheaper?

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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The sample life insurance rates for AIG life insurance show that the company provides reasonable and consistent prices for consumers. As expected, its rates increase for older adults and for higher coverage amounts.

Sample MassMutual 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)
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MassMutual life insurance rates are also consistently affordable and follow the same pricing standards as AIG. At first glance, AIG vs. MassMutual rates appear similar.

Average AIG vs. MassMutual Life Insurance Rates Comparison by Age, Gender, and Term Length for $250,000
Age and Gender10-Year Term (AIG)10-Year Term (MassMutual)20-Year Term (AIG)20-Year Term (MassMutual)30-Year Term (AIG)30-Year Term (MassMutual)
25 - Male$10.34$11.10$12.90$15.00$18.94$21.53
25 - Female$9.57$10.23$11.33$13.48$15.49$18.05
35 - Male$11.67$11.30$13.53$15.88$21.08$26.10
35 - Female$11.08$10.45$12.69$13.93$18.89$22.63
45 - Male$17.95$19.80$28.28$32.40$46.47$51.55
45 - Female$16.46$17.83$23.06$26.33$38.98$41.55
55 - Male$41.68$44.38$69.89$73.73$132.37$143.78
55 - Female $31.68$33.93$52.58$57.43$107.73$105.28
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The AIG and MassMutual rates are nearly interchangeable. AIG insurance seems to have a narrow edge on MassMutual by providing slightly lower rates for most people. The difference is typically a matter of cents per month.

AIG vs. MassMutual: Which has a better financial standing?

When considering the best life insurance companies, it’s important to look beyond prices. Considering our sample AIG vs. MassMutual life insurance quotes are so similar, you may want to weigh their ratings and reviews more precisely.

AIG is a very popular company worldwide while MassMutual isn’t quite as well-known. Their rates are very similar, but is MassMutual a good life insurance company?

Ratings Comparison for AIG vs. MassMutual
Ratings AgencyAIG RatingMassMutual Rating
A.M. BestAA++
Better Business Bureau (BBB)FB-
Fitch's RatingsA+AA+
J.D. Power742769
Standard & Poor's (S&P)A+AA+
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According to some of the top ratings agencies, MassMutual is clearly the stronger company when comparing AIG vs. MassMutual ratings. AIG is still in good standing, but every agency rates MassMutual higher for financial strength, according to S&P and company.

Beyond financial strength, MassMutual also boasts higher J.D. Power and Better Business Bureau rankings. This suggests that it has better financial stability and better customer service.

The Better Business Bureau rankings are based on the potential for customer contact, interaction, and conflict resolution. Based on these ratings, you can likely get quick answers by going to your MassMutual login and talking to an agent.

AIG vs. MassMutual: What discounts are offered?

When reviewing the AIG vs. MassMutual life insurance rates, you’ll notice more similarities than differences. MassMutual has clearly ranked ahead of AIG for financial strength and customer service.

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AIG and MassMutual are both considered reputable companies, but sadly, neither company offers any major life insurance discounts. Like many companies, employees could be eligible for certain discounts, but nothing more.

Some life insurance providers offer special programs to help customers save money, but AIG and MassMutual appear to rely on their competitive rates to drive business.

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

When finalizing your decision on AIG vs. MassMutual life insurance, you should consider who has better rates, which has better ratings, and what else each company has to offer that’s relevant to you.

In some cases, you’ll need to look at finer details like how much life insurance you can buy with each company. It does help that both companies do offer long-term life insurance plans. AIG even offers a 35-year term life insurance plan that is not sampled above.

We’ve mentioned the affordable AIG vs. MassMutual life insurance policies, but we’ve covered a lot more. Here we’ll simplify the key attributes of each life insurance company.


  • Strong Financial Ratings (Both Companies – MassMutual rated higher)
  • Competitive Rates (Both Companies – AIG being cheaper)
  • Policies Available Nationwide


  • No Discounts (Both Companies)
  • Customer Service Concerns (AIG)

Both AIG and MassMutual appear to be in good shape for the future. Both companies offer good rates and are in good financial standing.

AIG vs. MassMutual: The Bottom Line

Consumers can feel confident if they’re looking to buy AIG vs. MassMutual life insurance. Both companies have a lot of positive qualities with few negatives. You’ll even be able to purchase other insurance and retirement products all in one place. Neither is the number one life insurance company, but both are big and well-known.

Now that you know all about AIG vs. MassMutual rates and ratings, it’s time to shop for life insurance. Take advantage of our free quote tool below to get multiple rates in minutes.

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