Best Life Insurance Companies 2017
If the life insurance industry is a war, American General (AIG) has won quite a few battles. It did very well in this year's survey, with an overall ranking of 89.4. That translated into 88 percent of its respondents saying that they would recommend the insurer to others, and the company received 4.25 stars (out of 5) for value for price and a 4.5 for customer service.
Nearly one hundred years of progress
AIG’s roots began in 1919 when an American named Cornelius Vander Starr created an insurance agency in Shanghai, China. Nelle Vander Starr became the first female executive after joining the operations in Shanghai. The company opened its first U.S. office in 1926, and continued to grow its American operations. C.V. Starr and his company were actively committed to taking care of military families during WWII, helping to relay Red Cross correspondence and opening new offices abroad to provide for U.S. military.
AIG provides life insurance through its company, American General, which it acquired in 2001.
American General Insurance Company was launched on May 8, 1926 in Houston, Texas and was one of the first multi-line insurance companies in the nation. In 1945, American General completed the first of its own strategic acquisitions, Seaboard Life Insurance Company, making American General the only company in the southern United States to underwrite fire, life, automobile and casualty insurance.
The ability to keep pace with the rapid changes of today’s world is a point of pride for the insurer. Today, AIG is one of the first insurers to receive FAA approval to use drones to conduct inspections for risk assessment – also pioneering unmanned aircraft insurance.
Life insurance policies offered
- “Quality of Life” Insurance – combinations of life insurance, living benefits, and interest-crediting options.
- Term life
- Universal life
- Variable universal life
- Accident and Health
Consider AIG for alternative life insurance plans
AIG offers four versions of a unique product called “Quality of Life” Insurance. The goal of these arrangements is to provide more flexibility and access accumulated benefits or interest – dubbed “living benefits.” These benefits can help with chronic, critical and even terminal illnesses or conditions. Individuals or families that might benefit from the flexibility of these accounts might consider AIG.
80 Pine Street
New York, New York 10005
Customer service: 1-888 543-3371
Life insurance customers: 1-800-888-2452
American General Life Insurance Company
P.O. Box 4373
Houston, Texas 77210