September, 23 2017

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New York Life vs. MetLife vs. Prudential vs. AIG

New York Life vs. MetLife vs. Prudential vs. AIG

New York Life vs. MetLife vs. Prudential vs. AIG          

In this article I wanted to compare side-by-side some of the top life insurance companies in America today. Many shoppers in the market for life insurance seek the rates from these four companies in particular; New York, MetLife, Prudential and AIG. This is because the aforementioned companies are some of the most well-known in the United States and have been in business for over 125 years. So which company is best? How are they rated? How do their rates compare? Which one should you choose? Let’s take a closer look.

 

Financial Rating by A.M. Best

New York Life              MetLife         Prudential                  AIG

A++                         A+           A+                 A

A.M. Best Scale

 

Years in Business

New York Life              MetLife         Prudential                  AIG

170                     147                140            165

 

Price Comparison $500k 20 Year Term

New York Life              MetLife         Prudential                  AIG

$96.52               $59.76        $56.25          $56.79

 

*This is for a 45 year old male at the Preferred Plus rate class date of birth 11/15/1969

A note about pricing for life insurance. Prices can vary drastically from company to the next. There are many factors such as date of birth, gender, medical history, medications, family history, driving history, etc. that can affect which company will offer the best rate.

 

New York Life vs. MetLife vs. Prudential vs. AIG – Which Company Should I Choose?

All four of these companies; New York Life, MetLife, Prudential and AIG are highly rated life insurance companies and have been in business for more than a century. The rates for Prudential, MetLife and AIG (American General) are often comparable with New York Life typically being more expensive. However, New York Life is the only insurer out of these companies that have an A++ rating. While receiving and A rating or better by A.M. Best means the insurance company is very strong, some people will pay more for the A++ rating. The truth is you can’t go wrong with any of these four life insurers. All four of these companies have been in business for more than 100 years, are highly rated and will be there to pay out a claim. We suggest that you receive rate quotes from these companies and the other top life carriers and choose the one that has the lowest rate and you feel comfortable with.