AIG vs. Mutual of Omaha: Top Life Insurance in 2024
In a comparison of AIG vs. Mutual of Omaha, Mutual of Omaha won every category. Mutual of Omaha offers more affordable rates than AIG to both men and women of various ages. Furthermore, Mutual of Omaha received a much better rating from the Better Business Bureau than AIG. Lastly, Mutual of Omaha is more well-reviewed by A.M. Best.
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Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
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
- Males of various ages pay less with Mutual of Omaha
- Females of various ages pay less with Mutual of Omaha
- The Better Business Bureau gave far higher marks to Mutual of Omaha
- A.M. Best gave a higher rating to Mutual of Omaha
Comparing all of the life insurance companies out there can be overwhelming in and of itself. To simplify matters, we will be focusing on AIG vs. Mutual of Omaha today.
Our AIG and Mutual of Omaha comparison will cover both company pricing and the ratings given by the Better Business Bureau and A.M. Best. Afterward, you will know the AIG vs. Mutual of Omaha pros & cons.
Before diving into AIG vs. Mutual of Omaha life insurance company review, type your ZIP code into our free and helpful tool above. With it, you will find the most affordable life insurance quotes in your area.
AIG vs. Mutual of Omaha: Which company offers more affordable rates to men?
Where is a good place to start when comparing life insurance companies? Many people choose to start with company pricing.
Let’s look at a table comparing the rates offered to men of various ages by companies including Mutual of Omaha and AIG (American General).
| 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. Mutual of Omaha life insurance quotes? Men in their 30s can expect to pay about $7 more per month with AIG.
Is this true for men in their 40s? Mutual of Omaha is actually about $11 cheaper for men in their 40s.
The disparity grows substantially from here as, for men in their 50s, AIG is $44 more expensive per month.
Lastly, for men in their 60s, Mutual of Omaha is a whopping $133 cheaper per month than AIG.
Let’s move on to AIG vs. Mutual of Omaha life insurance rates offered to women and see if Mutual of Omaha 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. The following table shows the rates offered by various companies including AIG and Mutual of Omaha.
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 |
When deciding whether to buy AIG vs. Mutual of Omaha life insurance, women also have the cause to choose the latter. This is because Mutual of Omaha is cheaper than AIG for women in their 30s, 40s, and 50s.
Let’s wrap up with company ratings and see if this can be a landslide victory for Mutual of Omaha.
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AIG vs. Mutual of Omaha: Which company is more well-reviewed?
We will now be wrapping up by analyzing AIG and Mutual of Omaha 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 the confidence to choose a particular life insurance provider.
The BBB scale ranges from “A+” down to “F”. AIG received the Better Business Bureau’s lowest rating of “F” and also lacks accreditation.
How did Mutual of Omaha fare in comparison? As it turns out, Mutual of Omaha not only received BBB accreditation but also their 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. Did Mutual of Omaha win again? Mutual of Omaha has swept our comparison, as it received an “A+” from A.M. Best.
Don’t let your comparison stop with AIG vs. Mutual of Omaha. Type your ZIP code into our free and helpful tool below to find affordable life insurance quotes in your area.
Frequently Asked Questions: AIG vs. Mutual of Omaha
What follows are a few commonly asked questions about AIG and Mutual of Omaha.
#1 – Where can I use my AIG login?
You can use your login information on the AIG website.
#2 – Is there AIG retirement?
They have AIG Retirement Services, which provides financial planning services as well as retirement services.
#3 – Can I buy AIG stock or AIG auto insurance?
Yes, and its stock symbol is simply AIG. Secondly, you can buy both home and auto insurance from AIG.
#4 – Can I get a Mutual of Omaha Medicare supplement?
Mutual of Omaha offers three plans to choose from.
Your one-stop online guide for life insurance quotes. Get free quotes now!
Secured with SHA-256 Encryption
Jimmy McMillan
Licensed Life Insurance Agent
Jimmy McMillan is an entrepreneur and the founder of HeartLifeInsurance.com, an independent life insurance brokerage. His company specializes in life insurance for people with heart problems. He knows personally how difficult it is to secure health and life insurance after a heart attack. Jimmy is a licensed insurance agent from coast to coast who has been featured on ValientCEO and the podcast...
Licensed Life Insurance Agent
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.