AIG has worked hard to reassure worried consumers, reminding them that its insurance subsidiaries are “well capitalized.” The National Association of Insurance Commissioners even offers a resource page on its Web site to let consumers know that AIG annuities are safe, even if the company becomes insolvent.

Is AIG a good company for annuities?

Overall Rating: 4 / 5 (Very good) AIG is currently a financially stable company with good ratings for its customer service and variety of annuities. We recommend that consumers contact their local agent or advisor to learn of the specific annuity products available in their region.

Are annuities a safe retirement investment?

Annuities can provide a reliable income stream in retirement, but if you die too soon, you may not get your money’s worth. Annuities often have high fees compared to mutual funds and other investments. You can customize an annuity to fit your needs, but you’ll usually have to pay more or accept a lower monthly income.

Does AIG sell annuities?

Ask your financial professional Talk to your financial professional about how an annuity from AIG companies may be right for your retirement portfolio today.

How safe is an annuity?

Annuities are not insured by the FDIC because annuities are not bank products. However, insurance companies are required by state law to protect their outstanding annuity contracts with cash reserves on a dollar for dollar basis. Fixed annuities are very conservative, safe investments for retirement funds.

Is Polaris AIG?

Polaris Life® – Individual is issued by American General Life Insurance Company and distributed by AIG Capital Services, Inc., member FINRA.

Is it safe to invest in AIG annuities?

The National Association of Insurance Commissioners even offers a resource page on its Web site to let consumers know that AIG annuities are safe, even if the company becomes insolvent.

Who are the subsidiaries of AIG Retirement Services?

AIG Retirement Services represents The Variable Annuity Life Insurance Company (VALIC), Houston, TX and its subsidiaries, VALIC Financial Advisors, Inc. (VFA) and VALIC Retirement Services Company (VRSCO).

What was the surrender rate for AIG annuities?

AIG ended the year with a 2.7% surrender rate, up 42% from 2007 and more than double the 1.1% average for the market. AIG maintains its capital and surplus positions by collecting premiums. If the company loses more policyholders or fails to attract new investors, it could face problems.

When do you need a fixed annuity for retirement?

Add to your retirement scorecard with the guarantees of fixed annuities. It’s not if, but when you need income – That’s where a fixed annuity with a guaranteed interest rate and multiple payout options can help meet specific financial needs and goals.