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Last updated July 17, 2009
United States Life Insurance in the City of New York is a member of American International Group. Founded in 1919, AIG is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies provide commercial, institutional and individual customers with the an extensive network of property-casualty and life insurance products. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world.
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 left China in early 1949. Starr then 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.
United States Life Insurance offers four different kinds of life insurance. These policies are term life, universal life, variable life and whole life. Term life offers financial protection for a period of time. This term gives the insured coverage for 10, 15, 20 or 30 years, or a specific age. 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 put 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 cash value.
Contact United States Life Insurance in the City of NY at:
United States Life Insurance in the City of NY 830 Third Avenue, 7th Floor New York , New York 10022-6565 Telephone: (212) 709-6000
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.