AIG and Gerber Life Insurance are both reputable companies in the insurance industry, offering a range of life insurance products. However, there are some differences between the two that you should consider before making a decision.
AIG is a global insurance company that provides a wide range of insurance products, including life insurance, retirement services, and investment solutions. They have a strong financial rating and offer a variety of policy options, such as term life insurance, universal life insurance, and indexed universal life insurance.
Gerber Life Insurance, on the other hand, specializes in providing life insurance policies for children and young adults. They offer whole life insurance policies, which provide lifetime coverage and build cash value over time. Gerber also has a strong financial rating and offers some unique features, such as their Gerber Life Grow-Up Plan, which allows parents or grandparents to purchase life insurance coverage for a child at a young age, with the option to increase the coverage as the child grows up.
Ultimately, the best life insurance company for you will depend on your specific needs and preferences. You may want to compare the policy options, rates, and financial ratings of both AIG and Gerber Life Insurance to determine which one is the best fit for you. It’s also a good idea to read reviews and speak with an insurance agent to get a better understanding of each company’s strengths and weaknesses.
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|
|
|---|---|---|
| Comparing ⟶ | American General (AIG) | Gerber Life |
Year Founded |
1919 |
1967 |
Company Structure |
Stock |
Private |
Pricing |
$ $ $ | $ $ $ |
Types of Policies: |
||
Term Life |
✓ | ✓ |
Whole Life |
✓ | ✓ |
Universal Life |
✓ | ✗ |
Final Expense |
✓ | ✓ |
Ratings: |
||
A |
A |
|
A+ |
✗ | |
A2 |
✗ | |
A+ |
✗ | |
82 |
✗ | |
B- |
Not Accredited |
|
0.51 |
0.51 |
|
IBUSA's Overall Score |
||
Company Review |
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