AIG vs. Lincoln Life Insurance [2024]
An AIG vs. Lincoln life insurance review finds that the two offer similar products. AIG insurance offers several options for term and whole life insurance, along with annuities and add-ons. Lincoln life insurance offers term and permanent coverage and has an A+ rating with AM Best. Comparing AIG and Lincoln life insurance rates show that AIG's rates tend to be lower for both men and women.
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Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
UPDATED: Dec 15, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
UPDATED: Dec 15, 2024
It’s all about you. We want to help you make the right life insurance coverage choices.
Advertiser Disclosure: We strive to help you make confident life insurance decisions. Comparison shopping should be easy. We are not affiliated with any one life insurance company and cannot guarantee quotes from any single company.
Our life insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different life insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- AIG offers term life, whole life, and accidental death insurance coverage
- Lincoln Financial offers term life and permanent life insurance coverage along with many add-ons
- Both companies have excellent ratings with A.M. Best
For this AIG vs. Lincoln life insurance review, the focus will be on each company’s offerings for term life insurance, permanent life insurance, and additional coverages, along with their specific financial ratings.
Before you read this AIG vs. Lincoln review, use our free tool above to find life insurance options that work best for you and your family.
What insurance products do AIG and Lincoln offer?
When it comes to life insurance, AIG and Lincoln offer several different options for term life, whole life, and additional annuities, making it easy to find what you need when it comes to life insurance coverage.
AIG Life Insurance Products
AIG offers a broad spectrum of life insurance options, each allowing for additional annuities and add-ons. AIG’s products include:
- Term Life Insurance: Simple life insurance anywhere from 10-30 year terms
- Quality of Life: Term life insurance with additional living benefits
- Universal Life Insurance: Lifetime coverage with the option to adjust benefits
- Whole Life Insurance: Lifetime coverage with no rate increases
- Guaranteed Issue Whole Life Insurance: Lifetime coverage specific to individuals 50-80 years of age
- Accidental Death and Dismemberment Insurance: Coverage if you are seriously injured or killed in an accident
AIG also offers AIG travel insurance along with a flexible plan option. This allows potential policyholders to build their own plans based on their unique needs and the needs of their families and loved ones.
Lincoln Life Insurance Products
Lincoln Financial offers a few separate types of term life insurance, TermAccel Level and LifeElements Level.
Lincoln TermAccel Level Term coverage is level term life insurance for anywhere from 10-30 years. This is a fully automated coverage option that offers quick and affordable coverage.
Lincoln LifeElements Level Term coverage offers the same options as TermAccel for individuals, families, and businesses. This coverage offers coverage amounts of $1 million and above with dedicated teams that specialize in large cases.
In addition to term life, Lincoln also offers a few types of permanent life insurance.
Lincoln Permanent Life Insurance Options
| Coverage | Universal | Indexed Universal | Variable Universal |
|---|---|---|---|
| Protection Goal | Protection up to a lifetime | Extended, guaranteed protection | You choose the amount and duration of your protection. |
| Growth Goal | Low: Get some growth of your cash value | Medium: Grow your cash value with some protection from market loss. | High: Aim to build wealth and access your cash value during your lifetime |
| Cash Value Growth | Interest is earned at a set rate | Interest is tied to a market index like the S&P 5002 | Interest and cash value fluctuate with the market based on your investment options |
| Access to Cash Value | Income Tax-free | Income Tax-free | Income Tax-free |
| Differences | Flexibility in setting the premiums and death benefit. And duration/length of time. | Flexibility to invest in indexed accounts. You can benefit from the market’s upside while gaining protection against the downside. Options to access the cash value during your lifetime. | These policies have the greatest potential for growth. You may be able to choose where your premiums are invested. |
Outside of the specific life insurance options, Lincoln Financial also includes multiple options for add-on coverage:
- Retirement planning
- Long-term care expense protection
- Survivor benefits
- Tax management
- Estate planning
- Charitable giving
- Business protection
Individuals have a lot to consider when choosing whether to buy AIG vs. Lincoln life insurance. Both companies offer a vast array of life insurance plans to meet policyholders’ needs.
Your life insurance quotes are always free.
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Your life insurance quotes are always free.
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AIG vs. Lincoln Life Insurance Rates: Which is cheaper?
Because AIG and Lincoln both offer various life insurance coverage options, it is important to note that rates can vary based on a variety of factors including a person’s age, gender, career, and type of policy. Learn how Term Life insurance rates are calculated.
Below you can compare AIG vs. Lincoln life insurance quotes.
A sample of AIG’s monthly rates based on age, gender, and tobacco use is as follows:
AIG Life Insurance Average Monthly Rates by Age, Gender, and Tobacco Use
| Age | Male Non-Smoker Average Monthly Rates | Female Non-Smoker Average Monthly Rates | Male Smoker Average Monthly Rates | Female Smoker Average Monthly Rates |
|---|---|---|---|---|
| 25 | $12.90 | $11.33 | $37.57 | $30.78 |
| 35 | $13.53 | $12.69 | $47.45 | $39.11 |
| 45 | $28.28 | $23.06 | $107.09 | $80.15 |
| 55 | $69.89 | $52.58 | $244.10 | $179.76 |
| 65 | $207.36 | $153.90 | $553.55 | $432.20 |
As you can see, rates go up with age and increase exorbitantly when it comes to tobacco use.
For example, a woman in her mid-40s can expect to pay around $25 per month for an AIG life insurance premium. If that woman is a smoker, her monthly insurance premium more than triples.
This is why it is very important to consider all of the factors a company examines when searching for life insurance coverage. And also why it’s a good idea to stop smoking to lower your rates.
Comparatively, sample rates for annual premiums with Lincoln Financial are below.
Lincoln Financial Average Annual Life Insurance Rates by Gender, Marital Status, and Age
| Age, Gender, Marital Status | Lincoln Financial Life Insurance Rates | Average Life Insurance Rates |
|---|---|---|
| 25, Single (Female) | $187.00 | $164.50 |
| 35, Married (Female) | $191.00 | $170.47 |
| 45, Married (Female) | $239.00 | $247.50 |
| 55, Married (Female) | $435.00 | $417.01 |
| 65, Single (Female) | $903.00 | $898.76 |
| 25, Single (Male) | $231.00 | $183.61 |
| 35, Married (Male) | $238.00 | $190.04 |
| 45, Married (Male) | $283.00 | $274.59 |
| 55, Married (Male) | $615.00 | $543.23 |
| 65, Single (Male) | $1,577.00 | $1,308.00 |
When it comes to affordable AIG vs. Lincoln life insurance, there is a clear winner. Lincoln insurance offers higher-than-average rates. The company’s rates are certainly higher than AIG’s based on similar factors.
Read more:
- AIG vs. MassMutual Life Insurance
- AIG vs. Mutual of Omaha Life Insurance
- AIG vs. Fidelity Life Life Insurance
- AIG vs. State Farm Life Insurance
AIG vs. Lincoln: Which company has the better financial rating?
AIG insurance has garnered an A rating from AM Best, a leading company that analyzes the financial standing of countless companies. An A rating suggests that AIG is financially stable and should be fully capable of aiding its policyholders.
Lincoln Financial and its affiliates—including Lincoln Heritage Life Insurance, Lincoln National Life Insurance, and the Lincoln National Life Insurance Company—ranked slightly higher than AIG, earning an A+ rating with AM Best.
This ensures that both companies are a safe bet when considering whether they will be able to uphold your policy and help you, your family members, and your loved ones.
Can I get AIG and Lincoln quotes online?
AIG and Lincoln both have websites that offer many convenient features to policyholders.
On AIG’s website, individuals can make a claim and check the status of a claim, update and add coverage, and speak to a representative for more guidance.
Similarly, Lincoln offers the ability to register for additional life insurance coverage, file a claim, and contact an agent directly.
Neither website offers potential policyholders the opportunity to get a direct quote. If you are interested in either company, you will need to visit their website directly to get more information and see what your potential life insurance rate would be.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Is AIG or Lincoln better for me?
When you are considering AIG vs. Lincoln Financial for life insurance coverage, you have a lot to think about.
Both companies offer countless products depending on your needs, and both have an excellent rating with AM Best. While AIG’s rates are a bit higher than Lincoln’s, either company may have exactly what you need when you factor in add-ons.
It is up to you to decide what type of policy you want, what type of coverage you need, and whether you will include annuities or add-ons to your plan. One of the best ways to decide on the exact plan you need is to shop around for coverage.
Before you settle on AIG vs. Lincoln life insurance, compare rates and options from other companies using our free tool below.
Frequently Asked Questions
What products do AIG and Lincoln offer?
AIG offers term life insurance, whole life insurance, annuities, and add-ons. Lincoln offers term life insurance, permanent life insurance, and add-on coverage.
Which company has cheaper rates, AIG or Lincoln?
AIG generally has lower rates than Lincoln.
What are the financial ratings of AIG and Lincoln?
AIG has an A rating from AM Best, while Lincoln has an A+ rating.
Can I get quotes online from AIG and Lincoln?
Both companies have websites, but you need to visit their websites directly for quotes.
Which company is better for me, AIG or Lincoln?
It depends on your needs. Compare options and rates from multiple companies.
Your life insurance quotes are always free.
Secured with SHA-256 Encryption
Schimri Yoyo
Licensed Agent & Financial Advisor
Schimri Yoyo is a financial advisor with active life and health insurance licenses in seven states and over 20 years of experience. During his career, he has held roles at Foresters Financial, Strayer University, Minnesota Life, Securian Financial Services, Delaware Valley Advisors, Bridgemark Wealth Management, and Fidelity. Schimri is an educator eager to assist individuals and families in ...
Licensed Agent & Financial Advisor
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance-related. We update our site regularly, and all content is reviewed by life insurance experts.
