The American General Life Insurance Company
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Commonly know as AIG, the American General Life And Accident Insurance Company wasn’t named because they offer life insurance policies to American generals alone, but because they offer services to millions of Americans throughout the country. So, in this case, the word “general” refers to the meaning of the word being to common and the current majority and not some officers in the armed forces – pretty good for the average american who is wanting a term life insurance policy. In excess of 4 million Americans actually use the American General Life and Accident Insurance Company for an incurance poilicy or cheap insurance quote for both personal and business use – these policies cover a range of different types and for more information, you should visit Information on Cheap Term Life Insurance policy quotes.
Is AIG stable?
Although many different life insurance company can offer great rates and incentives to potential policy holders, not every company will be around over the next few years, and some companies will close up and cease to continue offering coverage and policies to new holders. Before any decision is made on the actual insurance company you choose, you should take a peek at its financial rating and status. You can find several independent financial rating watchdog companies who act as a Consumer Reports source of the financial world.
Some of these top rated companies include Standard & Poors, FitchRatings and Moody’s Investors Service, all of which do actually release their ratings of companies to the general public. The systems grade companies a lot like the American school grading system, with A being very, very good and F meaning very bad and “failed” to keep a good enough quality and financial score. The American General Life and Accident Insurance Company has received gold stars all around, and have consistently achieved A++ and higher in recent years – meaning stability of the companies and longevity that they will stay around for a good few years to come.
How where they made?
American General Life And Accident Insurance Company first opened its doors over 100 years ago starting tradining in Tennessee at the start of 1900. Back then, its original name was “The National Sick And Accident Association of Nashville,” and for a short period of time it was conveniently termed as the NLT Corporation. Later the company decided that it needed a partner to grow the venture and merged with Texas-based American General Corporation a little later in 1982. Since then the company has changed its name several times and bought out a few more insurance companies – building as it progressed through the years.
Although American General Life And Accident Insurance Company does offer employers services for their workers, the company is more focused on the insurance needs of the individual (often called “middle market” in insurance lingo). Choices offered include term insurance, universal coverage and their trademarked “Quality of Life Insurance“.
The latter is a new idea in life insurance – giving money when you and your family need it BEFORE you die. This insurance helps pay the bills in case you contract a critical illness or even a terminal illness. It helps if you suddenly become disabled and even with retirement, as well as cheap term life insurance quotes to help your family out in case you die. AIG is available in most states, so check and see if it is available where you live.
October 27th, 2008 at 8:35 pm
Good post.