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The document outlines the process for executing an absolute assignment of a life insurance policy or annuity contract under Section 1035 of the Internal Revenue Code. It details the responsibilities and understandings of the policy owner regarding the surrender of the existing policy, the application of its cash value to a new policy, and the waiver of rights under the original policy. The document also emphasizes that no coverage will remain after surrender and that tax implications are not guaranteed by the company.

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2019	4.8 Satisfied (100 Votes)
2015	4.8 Satisfied (281 Votes)

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What not to say when applying for life insurance?

American General Life Insurance Company is a wholly-owned subsidiary of AGC Life Insurance Company (AGC Life or the Parent), an indirect, wholly-owned subsidiary of American International Group, Inc. (AIG Parent). The Company is a stock life insurance company domiciled and licensed under the laws of the State of Texas.

Are American General and AIG the same thing?

Life insurers typically take 14 to 60 days to pay out the death benefit after the beneficiary files the claim. This is because they must verify the policy terms and policyholders death certificate and confirm who the beneficiaries are.

Did AIG change its name?

(NYSE: CRBG) today announced the name change of its long-standing direct-to-consumer life insurance business from AIG Direct to Corebridge Direct.

What is another name for AIG?

About AIG. We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services.

What is AIG Life insurance now called?

AIG Life Retirement is now Corebridge Financial. We are currently updating our websites and materials to reflect this change. Rest assuredwhether you see Corebridge or AIGyoure in the right place.

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