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

UPDATED: Apr 30, 2021

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The Brief

  • AIG and American National sell term life insurance, whole life insurance, and multiple types of universal life insurance.
  • AIG may offer better life insurance rates than American National.
  • Both companies have good financial ratings from A.M. Best, meaning they are both likely to meet financial obligations.

Many companies offer term life insurance and whole life insurance, so it can be difficult to know where to start when you’re buying a policy.

Comparing AIG vs. American National life insurance companies will tell you about each company’s products, rates, industry ratings, and more.

But you should not limit your choices to AIG vs. American National life insurance quotes. There are more options that may be right for you. If you need help finding life insurance in your area, enter your ZIP code above to compare quotes for free today.

What life insurance products do AIG and American National offer?

Let’s explore each company’s life insurance products.

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 provides a death benefit for a specified time, generally between 10 and 30 years. AIG’s term life insurance starts at $100,000 in coverage, and some term policies are convertible to permanent policies.

Universal life insurance is a permanent life insurance policy that builds cash value based on an interest crediting strategy. AIG offers indexed universal life insurance, guaranteed universal life insurance, and variable universal life insurance.

Whole life insurance is a permanent life insurance policy that builds cash value based on your premiums. AIG provides whole life insurance with coverage amounts between $5,000 and $25,000. AIG’s whole life insurance offers guaranteed acceptance for people between the ages of 50 and 80.

AIG also offers other products, such as AIG travel insurance and accident and health insurance.

American National Life Insurance Products

American National insurance is similar. The company offers term life insurance, universal life insurance, and whole life insurance.

American National’s term life insurance is available in 5-, 10-, 15-, 20-, or 30-year terms. American National also offers convertible term life insurance policies if you decide you need permanent life insurance down the line.

American National offers universal life insurance, guaranteed universal life insurance, and indexed universal life insurance.

American National’s whole life insurance may include a dividends option. However, dividends are not guaranteed.

American National also offers other products, including business insurance, health insurance, renters insurance, and more.

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How much do AIG and American National life insurance cost?

Let’s first look at some sample AIG life insurance rates:

AIG Term Life Monthly Insurance Rates by Term Length and Gender
Age$100,000/10-Year: Male Average Monthly Rates$100,000/10-Year: Female Average Monthly Rates$100,000/20-Year: Male Average Monthly Rates$100,000/20-Year: Female Average Monthly Rates
25$10.03$9.47$10.94$10.60
30$10.03$9.47$10.94$10.69
35$10.64$9.92$11.17$11.07
40$12.48$11.00$14.14$11.50
45$14.86
$12.52$17.59$14.42
50$17.01$15.04$26.16$19.81
55$26.62$20.96$37.26$27.46
60$38.22$25.58$55.75$47.89
65$55.07$44.93$99.29$81.95
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Now, let’s look at some sample American National life insurance rates:

American National Sample Monthly Life Insurance Rates by Policy Amount, Age, and Gender
Age & Gender$100,000, 20-Year Term Average Monthly Rates$250,000, 20-Year Term Average Monthly Rates
30-Year-Old Female$12.96$24.62
30-Year-Old Male$14.69$28.94
40-Year-Old Female$17.37$35.64
40-Year-Old Male$19.35$40.61
50-Year-Old Female$29.89$66.96
50-Year-Old Male$38.62$88.78
60-Year-Old Female$66.53$158.54
60-Year-Old Male$95.39$230.69
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According to these charts comparing affordable AIG vs. American National life insurance rates, AIG seems to have better rates. However, keep in mind that life insurance rates can be affected by many different factors.

Life insurance rates vary based on a person’s age, gender, health, location, and more. They will also vary based on the type of life insurance and the amount of coverage chosen.

Which company has better ratings?

AIG has an F rating from the Better Business Bureau (BBB). American National has an A+ rating from the BBB.

AIG has a long-term issuer credit rating of bbb from A.M. Best, meaning it has a good ability to pay its long-term debt. American National does not have a financial rating from A.M. Best. However, the American National Life Insurance Company of Texas has a financial rating of A.

Some AIG insurance reviews complain of having payment delays, but some also praise the company for having good customer service. American National insurance reviews often complain of bad customer service.

How can I get quotes and file claims?

You can receive AIG life insurance quotes on the company’s website. You will need to fill out some basic information, and you are likely to receive phone calls and emails. However, quotes for term life insurance are instant.

AIG life insurance claims can be initiated online. If the death benefit is more than $15,000, you will be sent a claims packet, which you must fill out and mail to AIG Life Claims, P.O. Box 818008, Cleveland, OH 44181, or fax to 1-844-434-7011.

You cannot receive American National life insurance quotes on the company’s website. Instead, you can use the website to find an agent that can provide you with a quote. To begin filing a claim with American National, you can call 1-800-615-7372.

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How can I contact AIG and American National?

AIG’s website is www.aig.com. If you have an AIG insurance login, you can use the website to access your policy, submit forms, and contact the company. Life insurance customers can call 1-800-888-2452 or send mail to P.O. Box 818006, Cleveland, OH 44181.

American National’s website is www.americannational.com. You can email the company at [email protected] Life insurance customers can call 1-800-899-6806 (variable policy members can call 1-800-306-2959).

You can also call American National Claims Services at 1-800-615-7372 and send claims forms and documents to P.O. Box 10466, Springfield, MO 65808.

AIG vs. American National: Which company is best for me?

AIG and American National can be challenging to compare since they have similar products. Both companies offer term life insurance, multiple types of universal life insurance, and whole life insurance.

While AIG seems to have lower rates, it may be a risky choice based on its BBB rating. Both companies have good financial ratings and are expected to meet financial obligations for the foreseeable future.

You should take the time to consider each company and its policy options to make sure you’re picking an insurance policy that works for you. You may also want to research some other companies.

Your final step in determining whether to buy AIG vs. American National life insurance is to determine if there are other options that better suit your needs. Enter your ZIP code into our free quote comparison tool below to find affordable life insurance today.