Banner Life and AIG are two of America’s largest life insurance companies, both with well over 1,000,000 policyholders nationwide. Both 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.

Banner Life vs AIG term life insurance cost comparison

While AIG term life insurance policies are typically cheaper than Banner Life for men, they tend to be slightly more expensive on average for women. Here are average monthly premium costs for price-conscious shoppers who want the most affordable plan.

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

Banner Life vs AIG health pricing

Life insurance companies base your premium price largely on your current health and health history. Some companies are more lenient and provide better pricing for some health conditions than others.

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

Banner Life vs AIG life insurance rider availability

Life insurance isn’t a one-size-fits-all financial product. You’ll want to tailor your policy to fit your needs; riders allow you to customize the policy, but not every carrier offers every rider. Here are the riders offered by Banner Life and AIG.

Learn more about life insurance riders.

Banner Life vs AIG company ratings

There are many third-party groups that rank life insurance companies in various ways. The Better Business Bureau (BBB) provides letter grades based on consumer feedback, and J.D. Power rankings based on customer service surveys. A.M. Best, meanwhile, rates the financial strength of a company. Here’s how Banner Life and AIG stack up:

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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

Before you buy, it’s important to look at policy cost, health considerations, riders, and customer service provided by both Banner Life and AIG. You’ll be with your term life insurance company for decades, so it’s important to choose the company you’re comfortable with.

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