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What is the new name for AIG annuity?

In 2022, they decided to spin off their individual life insurance and retirement division into a separate company, called Corebridge Financial. Corebridge Financial continues to offer the same products as AIG, including annuities.

Why is AIG spinning off Corebridge?

Why is AIG splitting up? AIG is separating its life and retirement business in an attempt to streamline the insurance firms sizeable portfolio.

Is American General Life insurance the same as AIG?

AIG Direct is a wholly owned subsidiary of American General Life Insurance Company and an affiliate of The United States Life Insurance Company in the City of New York, both member companies of American International Group, Inc.

Did AIG change its name?

We have a new name, but were not a new business. In September 2022, we became Corebridge Financial, Inc., a standalone, publicly traded company on the New York Stock Exchange and are no longer a division of AIG. We remain one of the largest providers of retirement and insurance solutions in the US.

What is the difference between a Myga and a SPDA?

The key difference between MYGAs and other types of fixed SPDAs is the period of time you receive the guaranteed fixed rate. MYGAs provide a locked-in, guaranteed rate of return for as long as the selected guaranteed period lasts. (Typically, a period between three and nine years.)

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