Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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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 23, 2021

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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 provider and cannot guarantee quotes from any single provider.

Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from top life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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The Facts of Life

  • Banner life insurance rates are cheaper than AIG rates for both men and women
  • The Banner life insurance company has an A+ rating with A.M. Best, while AIG was rated an A
  • AIG has a B rating with the Better Business Bureau, and Banner has an A+ rating

When it comes to the best life insurance companies, you have a lot of options. Comparing them head to head will help you make an informed choice. We’ll evaluate AIG vs. Banner life insurance companies so that you can decide if either is right for you.

Each company offers various types of life insurance as well as other services, so make sure to compare rates and ratings before deciding to buy AIG vs. Banner life insurance.

But remember, you don’t have to choose between AIG vs. Banner life insurance. There are many other companies out there that offer cheap life insurance. Enter your ZIP code now to compare life insurance quotes from multiple companies near you for free.

AIG vs. Banner: Which company offers more affordable rates to women?

Many different factors are used to calculate your life insurance rates. However, the most consideration is given to your age, gender, and medical history.

This table shows the average monthly AIG vs. Banner life insurance rates for non-smoking women of various ages.

AIG and Banner Average Monthly Life Insurance Rates for Women
Age of Female Non-SmokerAIG Average Monthly Rates $100,000/20-YearBanner Average Monthly Rates $100,000/20-Year
25$10.60$8.11
30$10.69$8.12
35$11.07$8.75
40$11.50$10.06
45$14.42$13.19
50$19.81$18.04
55$27.46$24.71
60$47.89$36.39
65$81.95$82.43
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Banner life insurance is cheaper than AIG coverage for women of all ages. Keep in mind that rates increase as you age, and you will pay much higher rates if you smoke or have certain medical conditions.

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AIG vs. Banner: Which company offers more affordable rates to men?

Next, let’s look at average monthly rates for AIG and Banner life insurance for men.

AIG and Banner Average Monthly Life Insurance Rates for Men
Age of Male Non-SmokerAIG Average Monthly Rates $100,000/20-YearBanner Average Monthly Rates $100,000/20-Year
25$10.94$8.88
30$10.94$8.91
35$11.17$9.34
40$14.14$10.84
45$17.59$15.82
50$26.16$21.92
55$37.26$33.18
60$55.75$52.39
65$99.29$97.26
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Banner is still the cheaper option. As with rates for women, you will pay higher rates as you age, and your rates will increase significantly if you smoke or have certain medical conditions.

Comparing AIG vs. Banner life insurance quotes is fairly easy since both companies offer online quotes.

AIG vs. Banner: Which company is more well-reviewed?

Rates aren’t the only important thing to consider when choosing a life insurance company. Compare ratings and products as well to find the most dependable company that can offer you the coverage you need.

A.M. Best evaluates companies on their financial health. Ratings go from A++ all the way down to D. AIG received an A rating, showing an excellent ability to meet financial obligations. Banner 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. AIG received a B rating, while Banner received an A+. Neither company is accredited.

AIG vs. Banner: The Bottom Line

AIG offers a variety of coverages and services besides life insurance. You can find AIG auto insurance, mutual funds, and annuities. AIG retirement services are also available, and AIG stock services are part of the planning process.

You can use your AIG login to manage your accounts, pay bills, and download forms.

Banner is part of the larger Legal & General company and offers coverage in 49 states. Banner offers annuities and retirement services in addition to various types of life insurance.

Banner also allows you to access your account and even file claims online.

To learn more about each company, read our AIG term life insurance review and our Banner life insurance review.

While it’s possible to find affordable AIG vs. Banner life insurance, you should compare rates, ratings, and products to see if either company is right for you.

Don’t let your comparison stop with AIG vs Banner. Enter your ZIP code below to compare life insurance rates from companies near you for free.