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AIG vs Transamerica: Life Insurance Comparison

An in-depth comparison to help you choose the right life insurance carrier.

At a Glance

Feature AIG Transamerica
Financial Strength A (AM Best) A (AM Best)
No-Exam Limit Up to $1M Up to $500K
Term Rates Excellent Very good
Conversion Options Limited Excellent
Application Speed Very fast Moderate
Issue Age Range 18-80 18-85
Coverage Range $25,000 - $10,000,000 $25,000 - $10,000,000
Premium Range $12 - $400/mo $15 - $400/mo

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Compare rates from top-rated life insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month

AIG Overview

AM Best Rating: A | Founded: 1919 | Headquarters: New York, NY

Coverage: $25,000 - $10,000,000 | Premiums: $12 - $400/mo

Pros

  • Very competitive term rates
  • No-exam up to $1M
  • Fast online application
  • Global brand

Cons

  • Past financial issues
  • Complex product line

Best For: Healthy applicants seeking the lowest term rates with large no-exam options.

Transamerica Overview

AM Best Rating: A | Founded: 1904 | Headquarters: Cedar Rapids, IA

Coverage: $25,000 - $10,000,000 | Premiums: $15 - $400/mo

Pros

  • Competitive rates
  • Diverse product range
  • Online tools
  • Conversion options

Cons

  • Stricter underwriting
  • Slower processing

Best For: Those who want competitive term with good conversion options to permanent coverage.

Our Verdict

AIG typically offers lower term premiums and larger no-exam coverage limits. Transamerica excels with conversion options that let you switch to permanent coverage later.

Get Your Free Life Insurance Quote

Compare rates from top-rated life insurance carriers.

No medical exam required Coverage in as little as 24 hours Rates from $20/month