AIG vs. Banner: Best Choice for Life Insurance (2021)
When comparing AIG vs. Banner, Banner life insurance rates are cheaper for both men and women. Banner also has an A+ rating with A.M. Best, and AIG has an A rating. Banner also has an A+ rating with the Better Business Bureau, while AIG has a B rating. Both AIG and Banner offer various types of life insurance products and annuities.
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Written by
Jeffrey Johnson
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Reviewed by
Benji Carr
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UPDATED: Jun 23, 2021
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- 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.
Table of Contents
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.
| Age of Female Non-Smoker | AIG Average Monthly Rates $100,000/20-Year | Banner 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.
| Age of Male Non-Smoker | AIG Average Monthly Rates $100,000/20-Year | Banner 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.