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 Benji Carr

UPDATED: Jun 23, 2021

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The Facts of Life

  • 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.

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 vs. John Hancock Life Insurance Products
AIG Life Insurance ProductsJohn Hancock Life Insurance Products
Term Life Insurance (10, 15, 20, and 30)Term Life Insurance (10, 15, 20, and 30)
Universal Life InsuranceUniversal Life Insurance
Indexed Universal Life InsuranceVariable Universal Life Insurance
Guaranteed Universal Life InsuranceIndexed 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.

AIG vs. John Hancock Life Insurance Rates by Age, Gender, and Term Length for $250,000
Age and Gender10-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.

AIG vs. John Hancock Financial Strength Ratings and Customer Reviews
Ratings AgencyAIG RatingJohn Hancock Rating
A.M. BestAA+
Better Business Bureau (BBB)FB
Fitch's RatingsA+A+
J.D. Power742737
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.