A-ten-schun! 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. Serving some 13 million policyholders, American General Life offers clients a variety of products to build their nest eggs, including fixed and deferred annuities. Life insurance offerings include individual and group policies for families, businesses, and affiliation groups. Other products include accident and supplemental health insurance, income protection, and retirement planning programs.
American General Life Insurance is the main component of a group of AIG subsidiaries known as the American General Life Companies. Other entities in the group of life insurance providers include United States Life Insurance of New York, American General Life Insurance of Delaware, American General Assurance, American General Indemnity, and American General Life and Accident Insurance. The American General Life Companies are overseen by SunAmerica Financial Group, which operates as AIG Life and Retirement.
Sales and Marketing
American General Life distributes its products and services through branch offices, independent agents, and third parties (banks, accountants, financial planners). In New York, it operates through United States Life Insurance of New York.
As the economy improves, American General Life has set in its sights on the 30% of American households that have no life insurance or disability insurance. It will start by seeking to nudge up the sales of its voluntary employee benefits products.
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