Is American General Life insurance a real company?

AIG is one of the biggest insurers in the world, serving millions of customers in more than 80 countries. AIG offers term, whole and universal life insurance to individuals. The company also offers a range of insurance and investment products to businesses.

Who took over American General Life Insurance Company?

American International Group Inc.
NEW YORK (CNNfn) – As expected, American International Group Inc. won its $23 billion takeover bid for American General Corp. Friday, scuttling an earlier deal inked by U.K. insurer Prudential PLC.

What kind of insurance is American general?

American General (AIG) Guaranteed Universal Life Insurance Guaranteed universal life policies offers the potential for flexible premiums and death benefit amounts, up to a certain limit. AIG life insurance is usually cheaper than other types of universal life policies, because there may be minimal gains.

Is American General still in business?

Company Description: American General Life Insurance is still among the top brass of US life insurance and financial services firms. It anchors the domestic life insurance operations of American International Group, under the AIG Life and Retirement umbrella.

How is AIG rated?

AIG insurance is not one of the best-rated life insurance companies with regard to its customer service and client reviews. The company received just a 2 out of 5 rating from J.D. Power for customer satisfaction and has a disproportionately high NAIC Complaint Index as compared to its size.

Who bought out American general?

Fortress Investment Group LLC
(NYSE: AIG) and Fortress Investment Group LLC (NYSE: FIG) announced today that certain Fortress managed funds acquired 80% of American General Finance Inc. (AGF), a leading provider of consumer credit, from AIG. AIG retained a 20% interest in the AGF business.

Is AIG financially stable?

The company’s balance sheet remains strong, as the company’s RBC ratio of 440%-450%% exceeds its target range. As such, Fitch expects AIG L&R’s Prism score to remain ‘Strong’ at YE 2021.