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American International Group (AIG) Life Insurance
About AIG
Founded in 1919, AIG is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.
Wiki Says
American International Group, Inc. (AIG) (NYSE: AIG), also known as AIU Holdings, Inc., is an American insurance corporation. According to the 2008 Forbes Global 2000 list, AIG was once the 18th-largest public company in the world. It was listed on the Dow Jones Industrial Average from April 8, 2004 to September 22, 2008.
AIG history dates back to 1919, when Cornelius Vander Starr established an insurance agency in Shanghai, China. Starr was the first Westerner in Shanghai to sell insurance to the Chinese, which he continued to do until AIG pulled out of China in early 1949 — when Mao Zedong led the advance of the Communist People's Liberation Army on Shanghai. Starr moved the company headquarters to its current home in New York City. The company went on to expand, often through subsidiaries, into other markets, including other parts of Asia, Latin America, Europe and the Middle East.
AIG Life Insurance Says
AIG offers four different kinds of life insurance and cancer care insurance. It offers term life, universal life, variable life and whole life. Term life offers financial protection for a set period of time -- usually for 10, 15, 20 or 30 years. Universal life insurance offers a flexible policy that has a death benefit with a cash value accumulation component. Variable life insurance combines a death benefit with cash value accumulation that can be placed into a wide variety of investment options. Whole life insurance remains in force for the insured’s entire lifetime and offers a guaranteed death benefit as well as a cash value. Cancer care insurance helps offset the cost of cancer treatment and recovery.
Contact AIG at:
American International Group, Inc.
70 Pine Street
New York, NY 10270
Telephone, Matrix Direct: 1-800-914-8376
Sources: "About AIG," AIG web site, 2009; "Life Insurance," AIG Web site, 2009; "American International Group,” Wikipedia, June 2009;“AIG National Insurance Company,” A.M. Best Web site, November 2008
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