American Amicable vs. MassMutual: Best Life Insurance Company in 2021

In a comparison of American Amicable vs. MassMutual, MassMutual came out on top. MassMutual offers more affordable rates to men and women of various ages than American Amicable. MassMutual is more well-reviewed by A.M. Best than American Amicable. American Amicable, however, has a higher rating 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

  • MassMutual Life Insurance offers more affordable rates to men and women of various ages than American Amicable
  • American Amicable received a higher rating from the Better Business Bureau
  • MassMutual is more well-reviewed by A.M. Best than American Amicable

The process of comparing life insurance companies can be complex and overwhelming. To simplify the process, we’ll be focusing exclusively on American Amicable vs. MassMutual Life Insurance Company today.

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

Before we dive into our American Amicable vs. MassMutual comparison, type your ZIP code into our free and helpful tool above. With this, you’ll find the most affordable life insurance quotes in your area.

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

When conducting a life insurance company comparison, most people want to start with pricing.

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 easier to find affordable American Amicable vs. MassMutual life insurance rates? As you can see, for women in their 50s, American Amicable is over $27 more expensive than MassMutual per month.

For women in their 60s, American Amicable is nearly $73 more expensive per month than MassMutual. In fact, for this demographic, American Amicable is over twice as much as MassMutual.

In short, our American Amicable vs. MassMutual life insurance review has shown us that MassMutual offers more affordable rates to women of various ages.

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Which company offers more affordable rates to men?

We’re now going to engage in a process similar to what we did in the last section, but this time, 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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Look at American Amicable vs. MassMutual life insurance quotes for men in their 50s where MassMutual is over $50 cheaper per month than American Amicable. That’s quite a big difference.

For men in their 60s, American Amicable quotes are again more expensive. For this demographic, the rates are a whopping $103 per month more expensive than MassMutual’s rates.

In short, MassMutual wins again. Let’s wrap up with company reviews to see if MassMutual can sweep this thing.

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

We’re now going to be looking at MassMutual and American Amicable life insurance reviews provided by A.M. Best and the Better Business Bureau (BBB).

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 MassMutual? Not only does it have a lower rating of “B-,” but it also lacks BBB accreditation.

A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.” Not to mention, there are actually two different scales.

American Amicable has an A.M. Best FSR of “A-” (Excellent). However, MassMutual wins this round with the highest possible 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.

What long-term ICR did American Amicable receive? It received a rating of “a-.” And once again, MassMutual received a better score with an “aa+.”

In summary, you have two very worthy options here, but it is easy to say that MassMutual won this comparison.

While you’re looking into this company, you should also check out the retirement program MassMutual Retiresmart. If you’re of retirement age, this program is as simple as typing in your MassMutual login.

Now, you should know all you need to decide whether to buy American Amicable vs. MassMutual life insurance.

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

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