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

When you’re comparing American Amicable vs. Principal, Principal life insurance rates for men and women are cheaper. Principal also has a higher A.M. Best rating, but American Amicable and Principal have the same Better Business Bureau rating and are accredited. Principal and American Amicable products include various forms of life insurance, annuities, and other services.

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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: Jun 8, 2021

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Quick Facts

  • Principal life insurance rates are cheaper for both men and women
  • Principal has a slightly higher A.M. Best rating than American Amicable
  • American Amicable and Principal both have an A+ rating with the Better Business Bureau and are accredited

You have many different life insurance companies to choose from, and comparing them head to head can help you make an informed choice. In this guide, we’ll evaluate American Amicable vs. Principal life insurance companies to see if either is right for you.

Each company offers term and permanent life insurance options, as well as other services. Compare rates, ratings, and products before you choose between American Amicable vs. Principal life insurance.

Also, know that your options aren’t limited to American Amicable vs. Principal. There are many other companies out there that offer cheap life insurance options that will fit your needs.

Keep reading to compare American Amicable vs. Principal life insurance. Enter your ZIP code now to see life insurance quotes from multiple companies for free.

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

There are many different factors that affect your life insurance rates. The most significant are your age, gender, and medical history.

This table compares the average monthly American Amicable vs. Principal life insurance rates for non-smoking women of various ages.

American Amicable and Principal Average Monthly Life Insurance Rates for Women
Age of Female Non-SmokerAmerican Amicable Average Monthly Rates Principal Average Monthly Rates
25$17.78$12.12
30$19.35$12.42
35$23.85$12.86
40$31.05$16.19
45$42.98$22.93
50$58.50$32.07
55$84.83$46.99
60$136.35$77.18
65$238.73$138.25
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Principal insurance rates are cheaper for women of all ages. However, note that rates do increase significantly as you age. Also, your rates will be higher if you smoke or have certain medical conditions.

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

Now, let’s compare average monthly rates from American Amicable and Principal for men.

American Amicable and Principal Average Monthly Life Insurance Rates for Men

Age of Male Non-SmokerAmerican Amicable Average Monthly Rates Principal Average Monthly Rates
25$25.65$13.78
30$26.10$14.00
35$29.25$14.22
40$40.28$18.55
45$59.85$428.13
50$87.75$40.86
55$132.75$63.83
60$190.35$109.81
65$330.53$206.06
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Once again, American Amicable is more expensive than Principal. As with women, men that smoke or have certain medical conditions will pay higher rates.

It might be tricky to compare American Amicable vs. Principal life insurance quotes. American Amicable quotes are not available online; you must speak with an agent to get one. However, Principal does offer online quotes.

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

It’s important to consider Principal and American Amicable life insurance reviews and ratings, in addition to rates. You need to know that you can depend on your life insurance company, regardless of who has the cheapest rates.

A.M. Best evaluates companies on their financial health. Ratings go from A++ all the way down to D. American Amicable received an A rating, showing an excellent ability to meet financial obligations. Principal received an A+ rating, meaning it has a superior ability to meet financial obligations.

The Better Business Bureau (BBB), rating scale goes from A+ down to F. Both companies received an A+ rating and are BBB accredited.

Although American Amicable and Principal are over 100 years old and have similar ratings, they do have some differences.

American Amicable products include term, whole, and universal life insurance. You can also find annuities and final expense coverage from American Amicable.

Principal offers retirement services, IRAs, mutual funds, and annuities. You can also find Principal dental insurance, as well as estate planning.

To learn more about each company, read our American Amicable life insurance review and our Principal National life insurance review.

While it is possible to find affordable American Amicable vs. Principal life insurance, you should compare products, rates, and ratings to decide if either company is right for you.

Keep in mind that you don’t have to choose between American Amicable vs. Principal life insurance. There are many other companies out there that offer affordable life insurance.

We hope you’ve learned all that you need to know about American Amicable and Principal. Enter your ZIP code now to compare life insurance quotes from companies near you for free.

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