Banner Life Insurance vs AIG Life Insurance

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Two major players in the life insurance industry are Banner and AIG Life Insurance. We have gathered helpful data so that you can compare these two life insurance companies side by side. Our hope is that this helps you make the right choice of life insurance company. Maybe you have comparable quotes from Banner and AIG and would like to see which company is the better choice?

You can’t go wrong with either company. They both have very strong financial ratings. AIG has more products to choose from while Banner is mostly term life insurance. Compare the companies and their offerings below.

Banner Life Insurance Review     aig life insurance logo

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Banner vs AIG General Info

 BannerAIG
Address3275 Bennett Creek Avenue
Frederick, MD 21704
United States
AIG
PO Box 305355
Nashville, TN 37230-5355
Phone Number301-279-4800800-888-2452
Websitewww.lgamerica.comwww.aig.com
Year Founded19491919
Current CEOBernard Leigh HickmanBrian Duperreault

Banner vs AIG Financial Ratings

 BannerAIG
JD PowerN/AN/A
BBBA+A-
AM BestA+A
Moody'sN/AA2
FitchAA-A+
Standard & PoorAA-A+
Comdex Score9481

Banner vs AIG Financial Status

 BannerAIG
Total Assets $7.3 Billion$498.30 Billion (2017)
Life Insurance In Force$658 Billion$224 Billion

Banner vs AIG Products Offered

 BannerAIG
Types of Life InsuranceTerm life insurance
Universal life insurance
Term Life Insurance
Guaranteed Issue
Whole Life Insurance
Quality of Life Insurance
Universal Life
Variable Universal Life
Accidental Death & Dismemberment
Products OfferedOP Term
A-List Term
Life Step UL
Select-a-Term®
QoL Flex Term
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+
Riders Available"Disability premium waiver.
Conversion to permanent.
Flexible payment schedule.
Accelerated benefit rider.
Term laddering rider.
Child Protection Rider"
Accelerated access.
Lifestyle income.
Accidental death benefit.
Children’s protection.
Waiver of premium.
Terminal illness.
States4949

Banner vs AIG Overall

 BannerAIG
Top AwardsBest Term Assurance Provider at the Investment Life & Pensions
Moneyfacts Awards 2017
Communitas Award for Commitment to Corporate Social Responsibility
Top 50 Companies for Diversity
Insurance Industry Innovator
Top 100 Companies for Internship Program
Pro'sFlexibility of payment options and term limits for each option on the policy
Fast-track claims
Electronic application
Strong financial stability.
Strong product lineup.
Flexibility.
Con'sMedical exam required.
Strict eligibility for preferred rates.
Options are very limited in scope
Service many not be personal.
Lengthy claims process.
Strict underwriting.

Disclaimer: We make every attempt to make sure our information is up to date, but since thing change often it is best to double check the data. This review is an opinion.

Jonathan Holloway

Jonathan is a licensed life insurance agent at NoExam.com that writes about insurance, personal finance, lifestyle, and sports. See our pages on life insurance and life insurance rates for more.


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