American Amicable vs. John Hancock: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. John Hancock, John Hancock came out on top. John Hancock offers more affordable rates to men of various ages. John Hancock also offers more affordable rates to women of various ages. Furthermore, John Hancock holds a higher A.M. Best rating. The companies received identical reviews from the Better Business Bureau.

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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

  • John Hancock Life Insurance offers more affordable rates to men and women of various ages than American Amicable products
  • John Hancock Insurance Agency received a higher rating from A.M. Best
  • John Hancock Insurance and American Amicable received identical reviews from the Better Business Bureau

In our John Hancock vs. American Amicable life insurance review, we’ll be covering both company pricing and company ratings.

Before diving into American Amicable vs. John Hancock, type your ZIP code into our free and helpful tool above to find affordable life insurance quotes in your area.

American Amicable vs. John Hancock: Which company offers more affordable rates to women?

When conducting a life insurance company comparison, the first thing most people want to know about is price.

Let’s take a look at a table that shows the rates offered to women for a 20-year $250,000 term life insurance policy.

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
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Is it easy to find affordable American Amicable vs. John Hancock life insurance quotes? As you can see, for women in their 50s, John Hancock is over $24 cheaper per month than American Amicable.

Now look at American Amicable vs. John Hancock life insurance rates for women in their 60s, where American Amicable is over $58 more expensive than John Hancock per month.

So, our American Amicable vs. John Hancock life insurance review has shown us that John Hancock offers more affordable rates to women of various ages.

Let’s see if this holds true in our next section when we analyze the rates offered to men.

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American Amicable vs. John Hancock: Which company offers more affordable rates to men?

We’re now going to do something similar to what we did in the last section. This time, however, the table will show the rates offered to men of various ages for a 20-year term life insurance policy valued at $250,000.

Sample Average Male Monthly Life Insurance Rates for a 20-year term $250,000 Policy by Age and Company
Company Age 50 Average Monthly RatesAge 60 Average Monthly Rates
Accordia Life$56.07$153.53
American Amicable$87.75$190.35
Banner $40.85 $111.13
Cincinnati Life$27.28$56.76
Fidelity Life $54.59$73.92
 Foresters $42.66 $114.84
Liberty Mutual$40.32$95.58
 Lincoln $46.55 $190.53
Mutual of Omaha $46.55 $134.05
Haven Life$25.72$65.77
John Hancock$44.47$115.00
MassMutual$37.59$87.42
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As you can see, for men in their 50s, John Hancock is over $43 cheaper per month. This puts John Hancock at about half the cost of American Amicable.

For men in their 60s, American Amicable is over $75 more expensive per year than John Hancock.

So, when it comes time to decide whether to buy American Amicable vs. John Hancock life insurance, you have a reason to go with the latter.

Let’s wrap up with company ratings and see if John Hancock can sweep this thing.

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American Amicable vs. John Hancock: Which company is more well-reviewed?

We’re now going to cover John Hancock and American Amicable life insurance reviews from A.M. Best and the Better Business Bureau (BBB).

A positive rating from one or both of these two rating organizations can give you confidence that a life insurance company has and will continue to have financial strength.

The Better Business Bureau’s rating scale goes from the highest score of “A+” down to the lowest score of “F.” American Amicable received the Better Business Bureau’s highest rating of “A+,” and it is also BBB accredited.

What score did the Better Business Bureau give John Hancock? It turns out, John Hancock also received the highest rating and BBB accreditation.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.”

American Amicable has an A.M. Best FSR of “A-” (Excellent). What Financial Strength Rating did John Hancock receive? It received an even higher rating of “A+” (Superior).

A.M. Best also has what is called Long-Term Issuer Credit Ratings (Long-Term ICR). A Long-Term ICR can be issued on a long-term basis or short-term basis.

American Amicable received a long-term ICR of “a-.” And guess what? John Hancock received the same rating.

In summary, you have two great options here, but John Hancock stands above American Amicable in terms of pricing.

However, these two companies’ identical Better Business Bureau rating and A.M. Best Long-Term ICR mean you can feel safe investing in either.

Don’t let your life insurance company comparison stop with American Amicable vs. John Hancock. Type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.

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