AIG vs. Transamerica life insurance

Learn the differences between the life insurance options offered by AIG and Transamerica.

Pat Howard 1600


Pat Howard

Pat Howard

Senior Editor & Licensed Home Insurance Expert

Pat Howard is a senior editor and licensed home insurance agent at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.

Published August 3, 2018 | 2 min read

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AIG and Transamerica are two of America’s largest life insurance companies, with well over 1,000,000 policyholders nationwide. Both companies have good consumer grades and offer competitive term life insurance rates.

So how do you choose between the two? Use average cost, health consideration, rider availability, and more as criteria for deciding which is the best company for your needs. Read on to learn more.

AIG vs. Transamerica cost comparison

Men in their 40s save an average of about seven dollars a month if they elect to go with AIG. That means even if dads have put off buying life insurance for a while, they can still get competitive rates later on if they opt for AIG over Transamerica.

MaleAge 30$21.11$22.36
Age 40$30.62$37.85
Age 50$79.93$79.12
FemaleAge 30$18.08$18.06
Age 40$28.46$30.96
Age 50$59.60$62.78

Average premium cost based on $500,000/20-year term life insurance policies for health, nonsmoking applicants in California.

AIG vs. Transamerica health pricing

Did you know that life insurance rates are largely dependent on both your current health and your health history?

If not, it’s also worth mentioning that not all life insurance companies are created equal, meaning some are more lenient about certain health conditions than others compared to competitors. Here’s how AIG and Transamerica approach the most commonly scrutinized health conditions from an underwriting perspective.

Cancer Survivor/Family HistoryFairExcellent
Recent Weight LossExcellentGood
Heart AttackGoodGood
Sleep ApneaGoodFair
Former Tobacco UseGoodFair
High Blood PressureGoodGood
High CholesterolFairFair

Learn more about the best life insurance companies for every scenario.

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AIG vs. Transamerica insurance rider availability

If you’re not satisfied with the standard provisions of a life insurance policy, you can customize it with riders to suit your needs. Here’s a comparison below of the riders offered by both AIG and Transamerica.

Child Protection RiderXX
Accelerated Death Benefit RiderX
Accidental Death Benefit RiderX X
Disability Waiver of Premium RiderXX

Learn more about life insurance riders.

AIG vs. Transamerica company ratings

Life insurance companies can be ranked in several different ways. A.M. Best provides ratings based on the financial strength of the company, while J.D. Power conducts surveys based on customer service, product quality, and buyer behavior, and the Better Business Bureau (BBB) provides grades based on consumer feedback.

How do AIG and Transamerica compare in financial and customer service ratings?

A.M. BestAA+
J.D. Power2 out of 52 out of 5

Compare life insurance companies

Find more head-to-head comparisons between top-rated life insurance companies to help you make the right decision.

Choosing the right life insurance company

The question is, is AIG the right life insurance company for you, or is it Transamerica? It really depends on your individual situation, which is why it's important to look at policy cost, health considerations, riders, and customer service provided by each company before you buy.

Ready to start looking at policies from AIG, Transamerica, and other top life insurance companies? Use our coverage calculator to find plans and companies tailored to your needs.