American General Life Insurance: Is It Part Of Aig?

American General Life Insurance Company is a subsidiary of AIG, or American International Group Inc., a multinational insurance company offering life insurance, property-casualty insurance, retirement products, and other financial services in more than 80 countries. AIG operates under two primary divisions: General Insurance and Life and Retirement. American General Life Insurance Company is AIG's primary life insurance carrier in the United States and is one of the largest direct-to-consumer marketers of term life insurance in the country. The company distributes a wide range of term and permanent life insurance products through local agencies, insurance brokers, and AIG Direct.

AIG Direct Life Insurance

AIG Direct has been helping Americans secure life insurance at affordable prices since 1995. The company offers flexible coverage and customisable term lengths at affordable rates. AIG Direct's life insurance products include Whole Life Insurance, Guaranteed Issue Whole Life Insurance, Quality of Life Insurance, and Universal Life Insurance.

Whole Life Insurance provides lifetime protection and builds cash value over time at a locked-in rate. Guaranteed Issue Whole Life Insurance offers a simple and quick solution for seniors, with no medical exam required. Quality of Life Insurance provides innovative benefits that can be accessed without dying, including financial assistance at affordable rates and fixed premiums. Universal Life Insurance offers flexible coverage and cost-effective rates for a lifetime.

AIG Direct also offers the convenience of purchasing life insurance online, allowing customers to manage their policies at any time, day or night. The company's licensed professionals provide valuable, in-depth, and personalised information, helping customers define their life insurance needs and guiding them through the application process.

American General Life Insurance Company's history

American General Life Insurance Company is part of Corebridge Financial (formerly AIG Life & Retirement). AIG, or American International Group, is an American multinational finance and insurance corporation with operations in over 80 countries and jurisdictions. It serves 87% of the Fortune Global 500 and 83% of the Forbes 2000.

AIG was founded in 1919 by American Cornelius Vander Starr, who established a general insurance agency, American Asiatic Underwriters (AAU), in Shanghai, China. Two years later, Starr formed a life insurance operation. By the late 1920s, AAU had branches throughout China and Southeast Asia, including the Philippines, Indonesia, and Malaysia. In 1926, Starr opened his first office in the United States, the American International Underwriters Corporation (AIU). In 1939, Starr moved his headquarters from Shanghai to New York City.

After World War II, AIU entered Japan and Germany to provide insurance for American military personnel. Throughout the late 1940s and early 1950s, the company continued to expand in Europe, with offices opening in France, Italy, and the United Kingdom. In 1952, Starr began to focus on the American market by acquiring Globe & Rutgers Fire Insurance Company and its subsidiary, American Home Fire Assurance Company. By the end of the decade, C.V. Starr's general and life insurance organization included an extensive network of agents and offices in over 75 countries.

In 1967, American International Group, Inc. (AIG) was incorporated as a unifying umbrella organization for most of C.V. Starr's general and life insurance businesses. In 1969, the company went public. In the 1970s, AIG continued to expand its markets by introducing specialized energy, transportation, and shipping products to serve niche industries.

In the early 2000s, AIG acquired American General Corporation, a leading domestic life insurance and annuities provider, and entered new markets, including India. In 2003, American General merged with Old Line Life Insurance Company.

AIG's subsidiaries and affiliates

American International Group, Inc. (AIG) is a leading global insurance organization with a variety of subsidiaries and affiliates. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. AIG operates through three core businesses: general insurance, life and retirement, and a standalone technology-enabled subsidiary.

AIG American General Life Insurance Company

American General Life Insurance Company is AIG's primary life insurance carrier operating in the United States. It offers a wide range of term and permanent life insurance products through local agencies, insurance brokers, and AIG Direct. The company was incorporated in 1926 and was acquired by AIG in 2001.

The Variable Annuity Life Insurance Company (VALIC)

VALIC is a large life insurance company that offers a full spectrum of financial products, including life insurance, annuities, qualified retirement plans, mutual funds, and brokerage services. It was founded in 1955 in Texas and is now among the largest life insurance companies in the United States, serving over 2 million customers.

AIG Life and Retirement Company

The AIG Life and Retirement Company is the rebranded name for SunAmerica Life Assurance Company, which AIG acquired in 1998. SunAmerica was known for its fast growth in the deferred and variable annuities market. By rebranding, AIG aimed to capitalize on its superior name recognition and presence in foreign markets.

AIG Property Casualty

AIG Property Casualty Inc. is a multinational provider of property and casualty insurance products and services. It offers corporate risk management solutions, workers' compensation, commercial insurance, and travel insurance, among other services. American Home Assurance Company Inc. and National Union Fire Insurance Company are two of its larger subsidiary companies.

AIG Global Real Estate

AIG Global Real Estate is a non-insurance company owned by AIG. It invests in, develops, and manages real estate for AIG member companies worldwide. The company is involved in residential, commercial, hospitality, and retail projects in the United States and has a strong presence in commercial markets in Eastern Europe and mixed-use projects in Asia.

AIG's financial services

American General Life Insurance Company is part of Corebridge Financial (formerly AIG Life & Retirement). It is a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions.

AIG, or American International Group, is a leading global insurance organization that provides a wide range of property casualty insurance and other financial services. They offer world-class products and expertise to businesses and individuals in approximately 190 countries and jurisdictions through AIG operations and network partners.

AIG Direct, a division of AIG, offers life insurance solutions with a direct-to-consumer approach. They have been trusted by over a million families and have focused on helping Americans secure life insurance at affordable prices since 1995. AIG Direct provides valuable and in-depth life insurance information, allowing individuals to protect their loved ones. Their licensed agents offer a personalized, cost-effective, and reliable process for selecting a life insurance policy.

AIG's website services

AIG's website offers a wide range of services to its users. The website allows users to log in and pay bills, manage policies, view documents, access company news and materials, and more. One of the key features of the website is the Private Client Group, which enables policyholders in the US to make online payments.

The website also provides access to workers' compensation claims information through AIG Go WC. This includes FAQs, payments, prescription data, doctor information, and more. Users can also report various types of claims, including aerospace, commercial auto, general liability, property, and workers' compensation. Additionally, employers and employees can conveniently access claim forms, claim reports, and information on claim status for dental, group life, and AD&D claims.

The IntelliRisk Advanced feature on the website is designed for clients and brokers, enabling them to file claims, manage risks, and access claims data from over 100 countries worldwide. The myAIG Client Portal for Multinational is another useful tool that allows users to track the status of controlled master programs, view policy details, download policy documents, and access invoices.

Furthermore, AIG offers free and accredited online training in multinational risk assessment and program design through its AIG Multinational Insurance Fundamentals. The website also provides access to the myAIG Portal for North America, where users can generate loss runs, download policy documents, and access various applications and tools. The website also includes sections for discovering products and services, exploring risk management tools, and learning about AIG's performance and initiatives.

Overall, AIG's website provides a comprehensive suite of services that cater to the needs of individuals, businesses, clients, and brokers, making it a convenient and informative platform for its users.

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