What happened to Anchor National Life Insurance company?
In January 1986, Kaufman and Broad agreed to purchase the bankrupt Anchor National Life Insurance Company of Phoenix, with assets of $1.6 billion. With this move, Kaufman and Broad entered the variable annuity market for the first time.
Anchor Agency | Life Insurance
Is AIG and SunAmerica the same company?
SunAmerica, life-insurance and retirement-services division, was renamed AIG Life and Retirement; other existing brands continue to be used in certain geographies and market segments.
Why should you have life insurance?
Why is life insurance important? Buying life insurance protects your spouse and children from the potentially devastating financial losses that could result if something happened to you. It provides financial security, helps to pay off debts, helps to pay living expenses, and helps to pay any medical or final expenses.
Who took over Mutual Life Insurance?
Mutual Benefit's in-force policies were transferred to MBL Life Assurance Corporation ("MBL Life"), effective May 1, 1994. Mutual Benefit was ultimately liquidated and dissolved, effective June 14, 2001.
Is SunAmerica owned by AIG?
SunAmerica Annuity and First SunAmerica are indirect, wholly owned subsidiaries of American International Group, Inc. ("AIG"), a Delaware corporation.
Who bought Pierce National Life Insurance Company?
Fortis, the Dutch-Belgian financial company, said yesterday that its United States unit, Fortis Inc., had agreed to buy the Pierce National Life Insurance Company for $180 million.
Using Anchors To Sell BIGGER Life Insurance Policies!
When did AIG buy SunAmerica?
AIG acquiring SunAmerica – Aug. 20, 1998.
Is SunAmerica part of AIG?
SunAmerica Annuity and First SunAmerica are indirect, wholly owned subsidiaries of American International Group, Inc. ("AIG"), a Delaware corporation.
Which companies does AIG own?
- AIG American General Life Insurance Company. …
- The Variable Annuity Life Insurance Company. …
- AIG Life and Retirement Company. …
- AIG Property Casualty. …
- AIG Global Real Estate.
Does AIG have another name?
A.I.G. changed the name of the worldwide holding company for its property and casualty unit to American International Underwriters in early March. The renamed A.I.U. quickly began issuing new business cards to employees and printing promotional materials, particularly in Asia.
Retirement disaster may loom holders of universal life insurance policies
When did AIG buy SunAmerica?
AIG acquiring SunAmerica – Aug. 20, 1998.
Why is it important to have a life insurance?
Whether you're married with kids, or have a partner or other relatives who depend on you financially, having life insurance can be important. Life insurance provides money, or what's known as a death benefit, to your chosen beneficiary after you die. It can help give your loved ones access to money when they need it.
Do you really need life insurance?
Although life insurance does not need to be a part of every person's estate plan, it can be useful, especially for parents of young children and those who support a spouse or a disabled adult or child. In addition to helping to support dependents, life insurance can help provide immediate cash at death.
