AIG vs. Nationwide: Top Life Insurance in 2024
In a side-by-side comparison of AIG vs. Nationwide life insurance companies, Nationwide won every category. Nationwide offers more affordable rates to both men and women of various ages. Furthermore, Nationwide is more well-reviewed by the Better Business Bureau (BBB) and A.M. Best.
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Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 4, 2023
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- A.M. Best gave a higher rating to Nationwide
- The Better Business Bureau gave a higher rating to Nationwide
- Nationwide offers more affordable rates to men and women of various ages
You have many options to choose from when it comes to finding a life insurance provider. We’re here to help you narrow down your search with this AIG vs. Nationwide life insurance company comparison.
Our AIG and Nationwide life insurance company guide will cover both pricing and ratings given by the Better Business Bureau and A.M. Best.
Before diving into the AIG vs. Nationwide comparison, type your ZIP code into our free and helpful tool above to find quick life insurance quotes in your area.
Table of Contents
AIG vs. Nationwide: Which company offers more affordable rates to men?
Where is the best place to start when comparing life insurance companies? Many choose to begin with company pricing. This is a good way to quickly gauge the more affordable life insurance option.
Let’s look at a table comparing AIG vs. Nationwide life insurance rates.
Average Male Monthly Life Insurance Rates by Age and Company (20-year Term $250,000 Policy)| Company | Age 30 Average Monthly Rates | Age 40 Average Monthly Rates | Age 50 Average Monthly Rates | Age 60 Average Monthly Rates |
|---|---|---|---|---|
| Protective | $20.21 | $28.38 | $75.68 | $205.97 |
| Banner | $20.12 | $32.68 | $74.39 | $205.97 |
| AIG | $20.24 | $30.62 | $77.76 | $213.57 |
| Foresters | $21.00 | $31.50 | $79.19 | $223.56 |
| Accordia Life | $27.15 | $40.05 | $105.47 | $300.38 |
| American Amicable | $20.48 | $27.68 | $51.08 | $128.93 |
| Liberty Mutual | $33.75 | $55.13 | $144.68 | $399.83 |
| Lincoln | $12.34 | $15.22 | $30.96 | $71.95 |
| Nationwide | $16.02 | $21.36 | $53.85 | $180.23 |
| MassMutual | $13.28 | $16.98 | $35.03 | $82.65 |
| Mutual of Omaha | $13.33 | $19.35 | $33.33 | $80.84 |
| Cincinnati | $13.42 | $18.70 | $32.56 | $78.98 |
| Fidelity Life | $19.14 | $25.01 | $54.59 | $73.92 |
| John Hancock | $14.09 | $16.96 | $28.41 | $88.14 |
| Haven Life | $23.45 | $31.20 | $85.47 | $245.67 |
Is it easy to find affordable AIG vs. Nationwide life insurance quotes? As you can see, men in their 30s pay $4 more per month with AIG.
This trend continues with men in their 40s, 50s, and 60s paying less with Nationwide. The latter demographic will pay $33 more per month if they choose AIG, making Nationwide the one for cheaper life insurance rates in this instance.
Let’s move on to the rates offered to women and see if Nationwide can strengthen its lead.
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Which company offers more affordable rates to women?
Now, let’s analyze the rates offered to women of various ages by life insurance companies, including AIG (American General) and Nationwide.
Average Monthly Life Insurance Rates for Females by Age and Company (20-year Term $500,000 Policy)| Company | Age 30 Sample Monthly Rates | Age 40 Sample Monthly Rates | Age 50 Sample Monthly Rates | Age 60 Sample Monthly Rates |
|---|---|---|---|---|
| Protective | $17.63 | $24.94 | $55.47 | $139.32 |
| Banner | $17.11 | $25.49 | $55.47 | $145.00 |
| AIG | $17.21 | $27.16 | $63.06 | X |
| Foresters | $18.81 | $27.13 | $57.75 | X |
| AccordiaLife | $24.48 | $34.71 | $76.99 | $195.80 |
| AmericanAmicable | $16.88 | $22.50 | $37.80 | $88.88 |
| Liberty Mutual | $25.20 | $42.53 | $107.78 | $250.65 |
| Lincoln | $16.10 | $21.22 | $37.41 | $74.81 |
| Nationwide | $16.02 | $21.36 | $53.85 | $180.23 |
| MassMutual | $11.98 | $15.23 | $29.15 | $58.73 |
| Mutual of Omaha | $11.61 | $16.56 | $27.31 | $57.19 |
| Cincinnati | $12.98 | $16.72 | $27.28 | $56.76 |
| Fidelity Life | $16.10 | $22.62 | $45.68 | $58.32 |
| John Hancock | $12.39 | $14.86 | $23.86 | $50.94 |
| Haven Life | $20.01 | $27.76 | $68.24 | $160.40 |
Women choosing between AIG vs. Nationwide life insurance would be better off with Nationwide. For instance, women in their 50s pay nearly $10 more per month with AIG. It’s not a huge difference, but it does add up.
Let’s wrap up with company ratings and see if Nationwide can sweep our comparison.
AIG vs. Nationwide: Which company is more well-reviewed?
We’ll close this guide by analyzing AIG and Nationwide insurance reviews from the Better Business Bureau (BBB) and A.M. Best.
A positive rating from one or both of these organizations can give potential insured confidence in a life insurance provider’s financial stability and commitment to customer service.
The BBB scale ranges from “A+” down to “F.” AIG received the Better Business Bureau’s lowest rating of “F” and also lacks accreditation.
Did Nationwide do any better with the BBB? Yes; not only does it hold accreditation but it also has the highest rating of “A+.”
A.M. Best’s Financial Strength Rating (FSR) scale is slightly different in that it ranges from “A++” down to “D.”
AIG received a rating of “A” from A.M. Best. How did Nationwide do? It received a rating one notch higher of “A+.”
In review, Nationwide won every single category of our comparison.
Don’t let your life insurance comparison stop with AIG vs. Nationwide. Type your ZIP code into our free and helpful tool below to see quotes from multiple companies in your area.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Leslie Kasperowicz
Farmers CSR for 4 Years
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...
Farmers CSR for 4 Years
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.