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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.

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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

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.

Gender Age
Protective Life
AIG
Male 20
$15.96
$15.82
Male 30
$15.96
$16.07
Male 40
$21.80
$21.75
Male 50
$48.32
$49.46
Male 60
$123.30
$144.17
Gender Age
Protective Life
AIG
Female 20
$12.99
$13.25
Female 30
$13.49
$13.61
Female 40
$18.55
$18.12
Female 50
$37.56
$38.48
Female 60
$89.23
$100.27

*Based on sample rates from Policygenius, August 2019.

Compare life insurance rates

Compare quotes for life insurance policies starting at $15/month.

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. Best A+ (Superior) A (Excellent)
Moody’s A1 (Good) A2 (Good)
Standard & Poor’s AA- (Very strong) A+ (Strong)
Fitch A+ (Very high quality) A+ (Very high quality)
J.D. Power 4 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
Prudential
18 - 75 years old
$100,000
$10,000,000
10, 15, 20, 30 years
Yes
Customize your term life insurance with a long list of life and disability riders. Get a free quote on Policygenius.
Transamerica
18 - 75 years old
$25,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on policy
Purchase a policy worth anywhere from $25,000 to $10 million, with the option to skip the medical exam. Get a free quote on Policygenius.
MassMutual
18 - 80 years old
$2,000
$10,000,000
10, 15, 20, 25, 30 years
Depends on policy
Purchase term life insurance up to age 80 with Finder's #1 ranked company. Get a free quote from this A+ rated insurer on Policygenius.
AIG
AIG
20 - 85 years old
$5,000
$2,000,000
10, 15, 20, 25, 30, 35 years
Yes
Buy term life insurance all the way up to age 85, and choose a policy that lasts up to an incredible 35 years. Get a free quote on Policygenius.
John Hancock
18 - 65 years old
$25,000
$1,000,000
10, 15, 20 years
Depends on policy
Score a low rate on term life insurance with discounts and rewards for your healthy habits. Get a free quote on Policygenius.
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