AIG vs Banner Life Insurance

  • YEAR FOUNDED
    1919
  • CURRENT CEO
    Brian Duperreault
  • AVAILABLE
    36 States
  • ADDRESS
    American International Group, Inc. 175 Water Street New York, NY 10038
  • TOP AWARDS

    Top 50 Companies for Diversity

    Insurance Industry Innovator

    Top 100 Companies for Internship Program

  • PROS
    • Strong financial stability.
    • Strong product lineup.
    • Flexibility.
  • CONS
    • Service many not be personal.
    • Lengthy claims process.
    • Strict underwriting.
  • YEAR FOUNDED
    1949
  • CURRENT CEO
    Bernard Leigh Hickman
  • AVAILABLE
    All 50 States
  • ADDRESS
    3275 Bennett Creek Avenue Frederick, MD 21704 United States
  • TOP AWARDS

    "Best Term Assurance Provider"" at the Investment Life & Pensions Moneyfacts Awards 2017

    Communitas Award for Commitment to Corporate Social Responsibility

  • PROS
    • Flexibility of payment options and term limits for each option on the policy
    • Fast-track claims
    • Electronic application
  • CONS
    • Medical exam required.
    • Strict eligibility for preferred rates.
    • Options are very limited in scope
SOURCEAIGBanner
JD Power2/5N/A
BBBA-A+
AM BestAA+
Moody'sA2N/A
FitchA+AA-
Standard & PoorA+AA-
Comdex Score8194
SOURCEAIGBanner
Total Assets$ 498.30 billion (2017) $7.3 Billion
Life Insurance in Force$224 Billion$658 Billion
AIGBanner
Term Life InsuranceAPPcelerate
Guaranteed Issue Whole Life InsuranceOPTerm Life Insurance
Quality of Life Insurance
Universal Life
Variable Universal Life
Accidental Death & Dismemberment
AIGBanner
Select-a-Term®APPcelerate
QoL Flex TermOPTerm Life Insurance
QoL Flex Term
QoL Guarantee Plus GUL II
QoL Value+ Protector
QoL Max Accumulator+
Secure Lifetime GUL 3®
AG Secure Survivor GUL II®
Value+ Protector
Max Accumulator+
AIGBanner
Accelerated access.Disability premium waiver
Lifestyle income.Conversion to permanent
Accidental death benefit. Flexible payment schedule
Children’s protection. Accelerated benefit rider
Waiver of premium.Term laddering rider
Terminal illness.Child Protection Rider
Jonathan Holloway
October 13, 2019
John Holloway is a licensed life insurance agent and co-founder at NoExam.com
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