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Protective Life vs. AIG life insurance

Both insurers offer term, whole and universal policies, but differ in terms of their other permanent policies.

Protective Life and AIG are both big names in the life insurance industry. When you compare their rates, riders and reputations side-by-side, they’re remarkably similar — so your choice will come down to which policy you’re looking for.

Life insurance products with Protective Life and AIG

Protective Life
AIG
Term
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Whole
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Universal
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Variable
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Variable universal
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Indexed universal
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Final expense
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Costs

Your premium is a product of your age, gender, occupation and lifestyle. These insurers’ rates are on par, though you might pay a slightly higher premium as a senior with AIG.

If you’re a healthy nonsmoker, here’s what you might pay monthly for a $250,000, 20-year term life policy.

GenderAge
Protective Life
AIG
Male20
$15.96
$15.82
Male30
$15.96
$16.07
Male40
$21.80
$21.75
Male50
$48.32
$49.46
Male60
$123.30
$144.17
GenderAge
Protective Life
AIG
Female20
$12.99
$13.25
Female30
$13.49
$13.61
Female40
$18.55
$18.12
Female50
$37.56
$38.48
Female60
$89.23
$100.27

*Based on sample rates from Policygenius, August 2019.

Policy riders

Protective Life Riders

  • Waiver of premium rider
  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Child rider
  • Disability income rider
  • Term insurance rider
  • Guaranteed insurability rider

Pacific Life Riders

  • Waiver of premium rider
  • Accelerated death benefit rider
  • Accidental death benefit rider
  • Child rider
  • Terminal illness rider
  • Lifestyle income rider

Financial strength

An insurer’s financial strength points to its ability to pay out claims. Protective Life and AIG score excellent rating with the major agencies, which means they have the money to meet their financial obligations.

In J.D. Power’s latest life insurance study on customer satisfaction, Protective Life ranked seventh of 23 insurers surveyed. AIG landed the second-to-last slot, so there’s room for improvement.

Protective Life
Pacific Life
A.M. BestA+ (Superior)A (Excellent)
Moody’sA1 (Good)A2 (Good)
Standard & Poor’sAA- (Very strong)A+ (Strong)
FitchA+ (Very high quality)A+ (Very high quality)
J.D. Power4 out of 5 circles or “better than most”2 out of 5 circles or “the rest”

Customer reviews and reputation

Protective Life isn’t accredited with the Better Business Bureau (BBB), but it has an A+ rating for its customer interaction — which is the highest possible score. Customers reveal a few flaws, though. The BBB records 80 complaints for Protective Life in the past three years, with complaints about slow communication and claims processing. They award the insurer 1.5 out of 5 stars.

AIG holds an A- rating with the BBB, and scores 1 out of 5 stars with its customers. It also has 204 complaints to its name — but this number is relatively low given the company’s size.

Bottom line

With good rates, reputations and financials, these insurers are reliable choices. The best provider for you will come down to the type of policy you want — they both offer term, whole and universal life insurance. Protective Life also sells variable and indexed universal policies, while AIG writes variable universal policies.

If neither of these insurers are the right fit, compare life insurance companies.

Compare life insurance companies

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Sproutt
18 - 60 years old
$50,000
$4,000,000
5, 10, 15, 20, 25 and 30 years
No
Compare 40+ insurers and apply online to get the lowest possible price — no medical exam required.
Policygenius - Life Insurance
18 - 85 years old
$50,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
Bestow
18 - 60 years old
$50,000
$1,500,000
10, 15, 20, 25, 30 years
No
Get a quote in less than 10 minutes with on-the-spot approval and no medical exam.
Everyday Life
20 - 75 years old
$100,000
$10,000,000
10, 15, 20, 25, 30, 35 and 40 years.
No
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
Ladder
20 - 60 years old
$100,000
$8,000,000
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
JRC Life Insurance
18 - 85 years old
$5,000
$50,000,000
10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121
May be required
Compare policies up to $10 million from 45+ top insurance companies with the click of a button.
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