AIG and Baltimore Life both offer final expense whole life insurance. However, the policies they offer are going to be a lot different.
AIG focuses on guaranteed issue burial insurance policies, which are whole life policies that do not require a medical exam or any answers to health questions.
Baltimore Life offers a few different final expense policies, that ask medical questions. Your eligibility for their different burial insurance plans depends on how you answer the questions.
Now, either of these companies might be the best choice for you. Just know that there are more than a dozen companies that offer similar products.
Another thing to consider is company history and financial strength. You can compare both Baltimore Life vs AIG in the proceeding chart.
|
|
|
|---|---|---|
| Comparing ⟶ | American General (AIG) | Baltimore Life |
Year Founded |
1919 |
1882 |
Company Structure |
Stock |
Mutual |
Pricing |
$ $ $ | $ $ $ |
Types of Policies: |
||
Term Life |
✓ | ✓ |
Whole Life |
✓ | ✓ |
Universal Life |
✓ | ✗ |
Final Expense |
✓ | ✓ |
Ratings: |
||
A |
B++ |
|
A+ |
✗ | |
A2 |
✗ | |
A+ |
✗ | |
82 |
✗ | |
B- |
Not Accredited |
|
0.51 |
1.2 |
|
IBUSA’s Overall Score |
||
Company Review |
