Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insur...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Apr 5, 2021

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The Brief

  • Both AIG and American Amicable offer term life insurance, universal life insurance, and whole life insurance
  • AIG seems to offer lower rates than American Amicable, especially as policyholders get older
  • American Amicable has better ratings from the BBB and A.M. Best

Buying term life insurance, universal life insurance, and whole life insurance are the three most popular life insurance policies to choose from. Two companies that offer all three of these are AIG and American Amicable.

Our AIG vs. American Amicable company review will discuss each of the company’s products, industry ratings, and more to help you decide if either company is right for you.

Compare life insurance quotes from multiple companies now to help narrow your AIG vs. American Amicable life insurance search.

What life insurance products are offered by AIG vs. American Amicable?

Both AIG and American Amicable offer a wide variety of life insurance products. Let’s take a look at each below.

AIG Life Insurance Products

AIG offers term life insurance, universal life insurance, and guaranteed issue whole life insurance.

Term life insurance is a non-permanent life insurance policy that lasts for a set amount of time as long as you pay your premiums. AIG offers term life insurance in 18 different term durations. Policies are also convertible to a permanent policy.

Universal life insurance is permanent life insurance with flexible premiums and cash value accumulation. AIG offers indexed universal life insurance, guaranteed universal life insurance, and variable universal life insurance.

Whole life insurance is another type of permanent life insurance that has level premiums and cash value accumulation. AIG’s whole life insurance is guaranteed, meaning you will be approved if you are between the ages of 50 and 80.

Other AIG insurance products include AIG travel insurance, as well as accident and health insurance policies.

American Amicable Life Insurance Products

American Amicable offers term life insurance, universal life insurance, and whole life insurance. Unfortunately, the company doesn’t provide a lot of information regarding its specific products.

American Amicable also doesn’t advertise offering any other insurance products.

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How much does life insurance cost from AIG vs. American Amicable?

Let’s look at the following chart that shows life insurance rates from some of the leading life insurance companies in the US according to Statista for a 20-year term with $100,000 in coverage to see how AIG vs. American Amicable stack up:

$100,000/20-year Term Life Insurance Average Monthly Rates by Age & Gender
Companies25-Year-Old Female Monthly Rates25-Year-Old Male Monthly Rates50-Year-Old Female Monthly Rates50-Year-Old Male Monthly Rates
North American$8.89$11.26$19.18$23.58
Mutual of Omaha$10.36$10.88$22.66$27.74
American Amicable$11.88$14.67$28.08$39.06
State Farm$12.70$14.53$29.32$36.02
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According to this table, AIG life insurance rates are lower than American Amicable life insurance rates. There is also a more considerable difference between the two companies as the age of the policyholder increases.

AIG vs. American Amicable: which company has better ratings?

AIG does not have a rating from the BBB. On the other hand, American Amicable has an A+ rating from the BBB.

AIG also does not have a financial strength rating from A.M. Best. However, its long-term issuer credit rating is BBB, meaning it has a good ability to meet its long-term credit obligations.

American Amicable has a financial strength rating of A from A.M. Best, meaning it has an excellent ability to meet its financial obligations, such as paying claims.

How can I get life insurance quotes or file claims with AIG vs. American Amicable?

You can receive AIG life insurance quotes from the company’s website. You must fill out a form with your basic contact information, birthday, height and weight, requested coverage amount, and smoking status. You will receive calls and emails regarding your quote.

To start filing a claim with AIG, you will need to file a Report a Death form on the website. You will need to fill out your contact information, the deceased’s information, funeral home information, and any comments you feel are necessary.

You can not receive American Amicable life insurance quotes on the company’s website. Instead, you will need to contact an insurance agent that sells American Amicable life insurance. You can use the company’s website to find an agent.

American Amicable does not disclose much information about claims on its website, but it does include the necessary forms. You may want to contact your insurance agent, so they can use their American Amicable agent login to help you with the claims process.

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How can I contact AIG and American Amicable?

The AIG website is Potential customers can contact AIG at (800) 254-4933.

Life insurance customers can use AIG’s eService online portal for many common tasks, such as making payments, changing contact information, editing beneficiaries, and more. You may also enter your policy number on the website to get the phone number for your policy.

AIG’s headquarters is located at 180 Maiden Lane, New York, NY 10038.

American Amicable’s website is The customer service phone number is (800) 736-7311. You can also email the company at [email protected]

The company’s mailing address is PO Box 2549, Waco, TX 76702. The headquarters is located at 425 Austin Avenue, Waco, TX 76701.

AIG vs. American Amicable: The Bottom Line

AIG and American Amicable offer similar life insurance products. However, because American Amicable doesn’t provide much information on its website, AIG may be easier to research and learn about before connecting with the company.

AIG also typically has lower rates. However, American Amicable seems to have better ratings from the BBB and A.M. Best. The financial strength rating is vital to consider because it gives you an idea of whether the company will pay claims.

If you’re comparing AIG vs. American Amicable and still need help finding affordable life insurance, enter your ZIP code into our free quote comparison tool below to get multiple quotes from local companies.