American General Life Insurance Review & Ratings (2023)
Uncover a detailed American General life insurance review and ratings for 2023, covering coverage options, costs, and customer satisfaction. Learn about the policies offered, including term, universal, and variable universal life insurance. Discover the financial strength and ratings of American General, with an A.M. Best rating of A and an A+ rating from Standard & Poor's.
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Laura Walker
Former Licensed Agent
Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...
Former Licensed Agent
UPDATED: May 24, 2023
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Welcome to our comprehensive article on American General Life Insurance. In this review, we delve into the various aspects of American General Life Insurance, including coverage options, policy details, customer satisfaction, and financial strength. We’ll provide insights into the types of life insurance offered, such as term, universal, and variable universal life insurance. Additionally, we’ll discuss the company’s ratings and reviews, shedding light on its reputation and reliability.
- American General Insurance Company is an affiliate of the American International Group. On average, customers pay $47 per month or $564 annually for term life insurance
- Under AIG, American General writes life insurance policies in every state except New York
- American General received strong financial ratings from various groups, including an A (Excellent) rating from A. M. Best and an A+ (Strong) rating from Standard & Poor
To ensure you make an informed decision and find the best rates for your life insurance needs, we encourage you to enter your zip code below and compare quotes from top insurance providers. Your loved ones deserve the protection of a reliable life insurance policy, so let’s get started!
What is American General life insurance company?
American General Life Insurance Company is a life insurance company that underwrites policies for the American International Group (AIG).
According to the Insurance Information Institute (III), some amount of liability car insurance is legally required in most states. However, you will not be able to purchase this through American General. This company only underwrites life insurance policies.
In the table below, see the average monthly rates by gender and age offered by American General for a 20-year term life insurance policy with a death benefit of $100,000.
| Age | Female Average Monthly Rates | Male Average Monthly Rates |
|---|---|---|
| 25-years-old | $10.60 | $10.94 |
| 30-years-old | $10.69 | $10.94 |
| 35-years-old | $11.07 | $11.17 |
| 40-years-old | $11.50 | $14.14 |
| 45-years-old | $14.42 | $17.59 |
| 50-years-old | $19.81 | $26.16 |
| 55-years-old | $27.46 | $37.26 |
| 60-years-old | $47.89 | $55.75 |
| 65-years-old | $81.95 | $99.29 |
For a 20-year term policy with a $100,000 death benefit, customers of American General pay $29 per month or $348 annually.
We also averaged the rates customers pay for all term lengths and death benefits offered by American General. We found that customers pay about $47 per month or $564 annually for coverage.
This group writes for all states serviced by AIG except for New York. American General is in no way affiliated with the car insurance company known as The General.
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What insurance policies does American General offer?
Under the AIG name, American General offers both term and whole life insurance policies. There are 18 different term durations available through American General.
American General also underwrites universal life insurance policies, including index universal life insurance, guaranteed universal life insurance, and variable universal life insurance. You can purchase guaranteed issue whole life insurance as well.
The American General agents will also help assess customer risk.
American General does not have a website, but you can receive American General life insurance quotes on the AIG website.
A customer portal also found on the AIG website called eService allows you to file and track claims, pay your bill, and make changes to your policy.
What are the ratings and reviews for American General?
Let’s take a look at the details of the complaint index report for American General Life Insurance Company from the National Association of Insurance Commissioners (NAIC). This company has a 0.52 score, which is fewer complaints than expected in the life insurance market.
Unfortunately, other customer experience reviews for American General are not as good. American General’s parent company, AIG, received poor customer service reviews from J. D. Power and Associates.
The company also received a 1-star customer satisfaction rating from the Better Business Bureau, the worst score out of 5 possible stars.
The financial strength of American General and AIG is more promising. The company received an A rating from A.M. Best, which is considered to be ‘excellent’. Standard & Poor’s rating for this company is an A+.
You are now an American General expert. Find affordable American General life insurance rates through the AIG website.
You can’t buy American General car insurance, but you can enter your ZIP code into our quote tool below to compare rates from reputable providers near you.
Frequently Asked Questions
What is American General Life Insurance?
American General Life Insurance is a life insurance company that offers a range of life insurance products, including term life, universal life, and variable universal life insurance.
What types of life insurance does American General Life Insurance offer?
American General Life Insurance offers term life, universal life, and variable universal life insurance.
What is term life insurance?
Term life insurance provides coverage for a specified period of time, typically 10 to 30 years, and pays a death benefit if the policyholder dies during the term.
What is universal life insurance?
Universal life insurance is a type of permanent life insurance that provides both a death benefit and a savings component that earns interest over time.
What is variable universal life insurance?
Variable universal life insurance is a type of permanent life insurance that allows policyholders to invest the cash value of their policy in a variety of investment options.
What are the benefits of American General Life Insurance?
The benefits of American General Life Insurance include a range of life insurance products to choose from, flexible coverage options, and the ability to customize policies to fit individual needs and budgets.
What are the potential drawbacks of American General Life Insurance?
The potential drawbacks of American General Life Insurance include potentially higher premiums compared to other life insurance providers, limited availability in certain states, and potential limitations on coverage and benefits.
How do I apply for American General Life Insurance?
To apply for American General Life Insurance, you can visit their website or contact a licensed agent to discuss your life insurance needs and options.