When it comes to insurance, there are many companies to choose from. AIG and Mutual of Omaha are two of the most well-known names in the industry. While both companies offer insurance products, they differ in several key ways.
AIG, or American International Group…
Is a global company with a presence in more than 80 countries. They offer a wide range of insurance and financial services, including life insurance, property and casualty insurance, retirement products, and more. AIG is known for its innovative and comprehensive insurance solutions, with a focus on commercial clients.
On the other hand, Mutual of Omaha is a smaller company that primarily focuses on individual health and life insurance products. It has been in business for over 100 years and is known for its customer-focused approach. Mutual of Omaha offers a range of insurance products, including Medicare supplement plans, life insurance, and long-term care insurance.
When it comes to financial strength, AIG does seem to have an edge (too big to fail?). The company has a strong credit rating from several independent rating agencies, indicating a high level of financial stability. Mutual of Omaha is also financially stable, but its credit ratings are slightly lower than AIG’s.
Customer satisfaction
Both companies perform well in terms of customer satisfaction. AIG has received high marks for its claims handling and customer service, while Mutual of Omaha is known for its personalized approach to insurance and its commitment to meeting each customer’s unique needs.
Policy types
AIG offers a more diverse selection of insurance products. In addition to life insurance and property and casualty insurance, they offer specialty insurance products such as cyber, marine, and aerospace insurance. On the other hand, Mutual of Omaha primarily focuses on health and life insurance products.
One area where…
Mutual of Omaha does shine is its commitment to community service. The company has a long history of supporting non-profit organizations and charitable causes, and its employees are encouraged to volunteer and give back to their communities.
So, as you can see, AIG and Mutual of Omaha are both strong insurance companies with unique strengths and weaknesses. AIG offers a wider range of insurance products and has a global presence, while Mutual of Omaha has a customer-focused approach and a long history of community service. However, which one is right for you is something that only you can answer for yourself.
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|---|---|---|
| Comparing ⟶ | American General (AIG) | Mutual of Omaha |
Year Founded |
1919 |
1909 |
Company Structure |
Stock |
Mutual |
Pricing |
$ $ $ | $ $ $ |
Types of Policies: |
||
Term Life |
✓ | ✓ |
Whole Life |
✓ | ✓ |
Universal Life |
✓ | ✓ |
Final Expense |
✓ | ✓ |
Ratings: |
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A |
A+ |
|
A+ |
A+ |
|
A2 |
A1 |
|
A+ |
✗ | |
82 |
90 |
|
B- |
A+ |
|
0.51 |
0.65 |
|
IBUSA’s Overall Score |
||
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