AIG vs. John Hancock: Best Choice for Life Insurance (2021)
AIG and John Hancock are two of the best life insurance companies in the United States. John Hancock insurance has an "A+" rating from A.M. Best, but AIG insurance has an "A." Overall, AIG life insurance is cheaper for younger customers, but John Hancock life insurance is more affordable for older customers. Compare AIG vs. John Hancock life insurance to get the best rates.
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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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- AIG has more insurance products than the John Hancock Insurance Company
- John Hancock is more affordable for customers aged 55 and older
- J.D. Power reported that AIG and John Hancock have below-average customer satisfaction grades
Are you trying to make a choice between AIG vs. John Hancock life insurance? AIG and John Hancock are two of the best life insurance companies in the United States.
A few factors go into how affordable AIG vs. John Hancock life insurance will be for you.
Don’t worry — we’re here to help. This guide explains how to compare AIG vs. John Hancock life insurance quotes, life insurance products, and third-party ratings.
Before starting this AIG vs. John Hancock life insurance review, enter your ZIP code in the free comparison tool above to compare companies near you.
Table of Contents
AIG and John Hancock Life Insurance Products
If you’re going to compare AIG life insurance and John Hancock life insurance, it’s essential to know what each company has to offer before you buy a policy.
Let’s explore the list below to see which company has more life insurance products.
| AIG Life Insurance Products | John Hancock Life Insurance Products |
|---|---|
| Term Life Insurance (10, 15, 20, and 30) | Term Life Insurance (10, 15, 20, and 30) |
| Universal Life Insurance | Universal Life Insurance |
| Indexed Universal Life Insurance | Variable Universal Life Insurance |
| Guaranteed Universal Life Insurance | Indexed Universal Life Insurance |
| Variable Universal Life Insurance | |
| Guaranteed Issue Whole Life Insurance | |
| Whole Life Insurance | |
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AIG and John Hancock provide the same term life insurance periods, but AIG has more permanent life insurance options.
Do AIG and John Hancock have other insurance products?
Before we compare AIG vs. John Hancock life insurance rates, let’s look at other insurance products you can bundle with life insurance. We’ll start with AIG.
- AIG Retirement and Structured Settlements
- AIG Auto Insurance
- AIG Homeowners Insurance and Home Loan
- AIG Excess Liability
- AIG Stock, Annuities, and Mutual Funds
- AIG Yacht Insurance
- AIG Private Collection Insurance
- AIG Luxury Protection Insurance
John Hancock has few other product lines as well. Here’s a list of what’s available at the John Hancock life insurance company.
- John Hancock Long Term Care Insurance
- John Hancock Annuities and Mutual Funds
- John Hancock Retirement
- John Hancock Vitality Program
The AIG life insurance company provides more insurance flexibility than John Hancock. But which life insurance company has cheaper rates? Continue reading to learn more.
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AIG vs. John Hancock Life Insurance Rates: Which company is cheaper?
Now that you know what’s available at AIG and John Hancock, it’s time to compare life insurance rates from both companies. First, compare the term life insurance quotes below to see which company is cheaper.
| Age and Gender | 10-Year Term (AIG) | 10-Year Term (John Hancock) | 20-Year Term (AIG) | 20-Year Term (John Hancock) |
|---|---|---|---|---|
| 25 - Female | $9.57 | $10.34 | $11.33 | $12.39 |
| 25 - Male | $10.34 | $12.04 | $12.90 | $14.21 |
| 35 - Female | $11.08 | $11.31 | $12.69 | $15.64 |
| 35 - Male | $11.67 | $12.44 | $13.53 | $16.86 |
| 45 - Female | $16.46 | $17.46 | $23.06 | $28.26 |
| 45 - Male | $17.95 | $18.16 | $28.28 | $31.54 |
| 55 - Female | $31.68 | $27.89 | $52.58 | $56.54 |
| 55 - Male | $41.68 | $36.06 | $69.89 | $78.24 |
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Overall, AIG life insurance rates are more affordable than John Hancock life insurance rates. However, John Hancock’s life insurance rates are cheaper for people who are 55 and older.
Also, life insurance rates are cheaper for women because men have shorter life expectancies.
Do AIG and John Hancock have life insurance discounts?
John Hancock provides up to 25% off for enrolling in its Vitality program. Unfortunately, there aren’t any significant discounts from AIG for its life insurance products. However, there may be discounts for AIG’s car insurance.
Recently, companies have started giving customers small discounts for using paperless payment methods. Paying online can be more convenient for the customer as well.
Create an AIG login or John Hancock insurance login to make payments online. If you don’t have the internet, you can contact the AIG insurance or John Hancock insurance phone number to pay your bill.
AIG vs. John Hancock: Which company has better ratings and reviews?
Before you choose between AIG vs. John Hancock life insurance, you should know more about how both companies manage money and how their customers feel.
Several rating agencies provide ratings for insurance companies that measure their financial stability.
We researched those ratings for you and provided the grades from the top agencies in the United States. Let’s compare AIG and John Hancock’s life insurance grades below.
| Ratings Agency | AIG Rating | John Hancock Rating |
|---|---|---|
| A.M. Best | A | A+ |
| Better Business Bureau (BBB) | F | B |
| Fitch's Ratings | A+ | A+ |
| J.D. Power | 742 | 737 |
| Moody's | A2 | A2 |
| Standard & Poor's (S&P) | A+ | AA- |
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Overall, John Hancock has better financial strength ratings, while AIG has a better customer satisfaction score. But, AIG has an “F” from the Better Business Bureau.
According to A.M. Best, John Hancock is more financially stable than AIG. On the other hand, J.D. Power says that AIG is better at satisfying customers. Both companies have grades under the industry average.
AIG and John Hancock Life Insurance: Highlights
Not sure yet if you should buy AIG vs. John Hancock life insurance? AIG and John Hancock have a few advantages and disadvantages. Here’s a list of pros and cons:
- Pros
- Superior and excellent financial ratings
- Competitive rates
- Cons
- No significant life insurance discounts
- Below average J.D. Power scores
Did we miss anything? If you want to learn more about AIG and John Hancock, check out our AIG term life insurance review and John Hancock review to learn more.
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AIG vs. John Hancock Life Insurance: What’s the bottom line?
John Hancock is cheaper for older customers, and it has better financial ratings overall. However, AIG life insurance is more affordable for younger customers, and it provides more coverage options and insurance products.
Ultimately, the best life insurance company for you is the one that meets your needs.
Now that you’ve compared AIG vs. John Hancock life insurance, use our free online quote tool below to compare multiple companies near you.