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Annuity Client Profile (All states except - AIG

Annuity Client Profile (All states except - AIG 2025

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The document is a Client Profile form for American General Life Insurance Company, designed to gather essential personal and financial information from clients considering the purchase of an annuity. It outlines the requirements for completing the form, including details about the client's financial situation, sources of funds, and investment objectives. The form emphasizes the importance of full disclosure to ensure that the recommended annuity aligns with the client's financial needs and goals.

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What is the new name for AIG?

HOUSTON--(BUSINESS WIRE)-- Corebridge Financial, Inc. (NYSE: CRBG) today announced the name change of its long-standing direct-to-consumer life insurance business from AIG Direct to Corebridge Direct. Corebridge Direct offers a simple and convenient approach to help people find life insurance that works for them.

Does AIG still exist?

Corebridge Financial Company typePublic company Predecessors American General, AIG Life Insurance Founded March 8, 1926 (as American General Corp.) October 13, 2022 (as Corebridge Financial) Headquarters American General Center, Houston, Texas , U.S. Area served Worldwide12 more rows

What caused the downfall of AIG?

During the 2008 financial crisis, the Federal Reserve bailed the company out for $180 billion and assumed controlling ownership stake, with the Financial Crisis Inquiry Commission correlating AIGs failure with the mass sales of unhedged insurance.

What happened to AIG insurance?

The short answer is yes. Annuity regulations and protections are at the state level. Every state has a nonprofit guaranty organization that each insurance company operating in that state must join. In the event that a member company fails, the other companies in the guaranty association help pay the outstanding claims.

Can you buy annuity in a different state?

When buying an annuity, its crucial to think about the state youre purchasing it in. Even if the provider is licensed in several states, each state has different regulations and taxes for annuities. You can usually only buy annuities from insurance companies licensed in your home state.

Are annuities state insured?

Corebridge Financial is an American multinational financial services company. It provides annuities, life insurance, asset management, retirement planning, and other services. Corebridge was formed after AIG performed a spin-off of the company via an IPO in 2022; AIG retains a 65% stake.

Annuity Client Profile (All states except - AIG 2025

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