AIG vs. North American Life Insurance [2023]
When comparing AIG vs. North American, North American life insurance rates are cheaper for both men and women. North American also has higher A.M. Best and Better Business Bureau ratings than AIG. Compare AIG vs. North American insurance rates, ratings, and products to determine if either company is right for you.
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Written by
Rachael Brennan |
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Reviewed by
Benjamin Carr
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UPDATED: Jun 29, 2022
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.
UPDATED: Jun 29, 2022
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.
On This Page
- North American life insurance is generally cheaper than AIG
- North American insurance also has higher A.M. Best and Better Business Bureau (BBB) ratings than AIG
- AIG is not accredited by the BBB, but North American is accredited
When it comes to life insurance, you have many different companies to choose from. The best way to make a decision is to compare insurers side by side. We’ll evaluate the rates and ratings of AIG vs. North American life insurance companies to see which one is best for you.
AIG and North American offer various types of permanent life insurance, as well as other products like annuities. Before you choose between AIG vs. North American life insurance, shop around and compare rates, products, and ratings.
You don’t have to limit your comparison to just AIG vs. North American insurance. Compare other companies to find the one that best suits your needs. Enter your ZIP code now to see life insurance quotes from multiple companies near you.
AIG vs. North American: Which company offers more affordable rates to women?
There are many different factors that affect your life insurance rates, such as your age, gender, and medical history.
This table compares the average AIG vs. North American life insurance rates for non-smoking women of various ages.
| Age of Female Non-Smoker | AIG Average Monthly Rates $100,000/20-year | North American Average Monthly Rates $100,000/20-year |
|---|---|---|
| 25 | $10.60 | $8.89 |
| 30 | $10.69 | $9.06 |
| 35 | $11.07 | $9.24 |
| 40 | $11.50 | $11.00 |
| 45 | $14.42 | $14.43 |
| 50 | $19.81 | $19.18 |
| 55 | $27.46 | $28.07 |
| 60 | $47.89 | $41.27 |
| 65 | $81.95 | $66.00 |
In general, North American life insurance is cheaper for women than AIG insurance. This is particularly the case for women ages 65 and older.
Keep in mind that your rates will be higher if you smoke or have other health issues.
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AIG vs. North American: Which company offers more affordable rates to men?
Now, let’s compare AIG and North American life insurance rates for men who don’t smoke.
| Age of Male Non-Smoker | AIG Average Monthly Rates $100,000/20-year | North American Average Monthly Rates $100,000/20-year |
|---|---|---|
| 25 | $10.94 | $11.26 |
| 30 | $10.94 | $11.26 |
| 35 | $11.17 | $11.26 |
| 40 | $14.14 | $13.55 |
| 45 | $17.59 | $17.25 |
| 50 | $26.16 | $23.58 |
| 55 | $37.26 | $35.38 |
| 60 | $55.75 | $57.38 |
| 65 | $99.29 | $103.75 |
Until age 50, the average rates for the two companies are pennies apart, although North American comes out cheaper. Also, note that rates from both companies almost double from age 60 to 65.
It can be tricky to compare AIG vs. North American life insurance quotes since you can’t get North American life insurance quotes online. However, you can get AIG insurance quotes through the company’s website.
AIG vs. North American: Which company is more well-reviewed?
Ratings are also important when choosing a life insurance company. The company with the cheapest rates might not be the most reliable. You want to know you can trust your life insurance provider to come through when you need it.
A.M. Best evaluates insurance companies on their financial health. Ratings go from A++ all the way down to D. AIG received an A, while North American received an A+. Both companies show an excellent ability to meet financial obligations.
The Better Business Bureau’s rating scale goes from A+ down to F. AIG received an A rating, and North American once again received an A+. Although North American is accredited, AIG is not.
AIG and North American share similar rates and ratings, but they offer different products.
North American only offers whole life insurance, final expense coverage, and annuities. You have to speak with an agent to get a quote from North American.
AIG, on the other hand, offers term life, as well as universal and whole life coverages. AIG also offers annuities, mutual funds, and retirement services, and you can get a quote online.
To learn more, read our AIG life insurance review and our North American company life and health insurance review.
We’ve discussed your options for affordable AIG vs. North American life insurance. Compare the products, rates, and ratings to decide if either company is right for you.
Keep in mind that you don’t have to choose between AIG vs. North American life insurance. There are many other companies out there that offer affordable life insurance. Enter your ZIP code now to compare life insurance quotes from companies near you for free.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
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.
|
Written by
Rachael Brennan |
|
Reviewed by
Benjamin Carr
|
