AIG offers a broad range of insurance products to meet the needs of consumers in more than 80 countries worldwide. The insurer boasts a comprehensive product portfolio with a range of solutions for clients seeking financial security today and peace of mind in retirement.
About AIG
American International Group, commonly referred to as AIG, is an insurance organization with a longstanding history in the financial services industry. AIG sells annuities, life insurance, general property insurance and casualty insurance.
AIG offers a broad range of insurance products to meet the needs of consumers in more than 70 countries worldwide. The insurer boasts a comprehensive product portfolio with a range of solutions for clients seeking financial security today and peace of mind in retirement.
The company was founded in 1919 as the American Asiatic Underwriters Agency in Shanghai. After founder Cornelius Vander Starr extended the organization’s services worldwide and established its U.S. base in New York City, he changed the company’s name to American International Underwriters (AIU).
In the decades that followed, AIU acquired several insurance groups and expanded its market presence, officially incorporating as AIG in 1967. AIG began trading on the New York Stock Exchange in 1984.
AIG announced it was rebranding its Life & Retirement business as Corebridge Financial, Inc. in March 2022 and spinning it off as its own company.
“As Corebridge, we will continue to proudly partner with financial and retirement professionals to help their clients feel confident and motivated today, and in control of their tomorrow,” Kevin Hogan, executive vice president and chief executive officer of Life & Retirement, stated.
Credit Ratings
Credit ratings, also called financial strength ratings, offer consumers insight into the financial stability of an annuity provider. These scores are issued by independent credit rating agencies.
If you’re interested in purchasing an annuity, it is important to note which insurance companies have a reputation for reliability and a track record of financial stability.
Credit rating agencies such as S&P, Moody’s, Fitch and AM Best rank insurers based on their financial strength and claims-paying abilities (CPAs). The higher the rating, the more you can trust that the insurance company can uphold its end of an annuity contract.
Credit Ratings for AIG’s Core Insurance Companies
| S&P | Moody’s | Fitch | A.M Best | |
|---|---|---|---|---|
| AIG Senior Debt | BBB+ | Baa2 | BBB+ | NR |
| AIG Non-Life Financial Stength | A+ | A2 | A+ | A |
| AIG Life Financial Strength | A+ | A2 | A+ | A |
| Corebridge Senior Debt | BBB+ | Baa2 | BBB+ | NR |
Annuity Products Offered by AIG
While AIG has traditionally offered many types of annuities directly, it now offers its annuities through Corebridge Financial.
Current annuity products through Corebridge include variable, fixed and indexed. Understand the details of each product before determining which one is right for you.
Variable Annuities
Deferred variable annuities allow clients and advisors to determine how assets are invested across a range of investment options, including stocks, bonds and money markets.
As the value of these investments is variable, the value of the contract will fluctuate over time. For this reason, variable annuities are best suited to investors who can withstand some market risk in exchange for potentially higher returns over the long term.
AIG Variable Annuity Products
- Polaris Variable Annuity
- Polaris Income Plus Daily Flex
- Advanced Outcomes Annuity
Fixed Annuities
Fixed annuities are not subject to market volatility, so they offer a potentially safer way to grow your money.
Fixed annuities let you save for retirement with a tax deferral on earnings, meaning you won’t get a yearly tax bill on your earnings until you begin drawing an income from them. A fixed annuity can also guarantee income for life no matter how long you live.
AIG’s fixed annuity product is called Assured Edge Income Builder.
Indexed Annuities
Indexed annuities provide a source of guaranteed income that balances growth potential and protection. Like a fixed annuity, indexed annuities offer long-term savings options, tax deferral on earnings and principal protection in a down market.
Your money can grow based on the performance of an underlying index, such as the S&P 500. And while the benchmark index follows the market, your principle is never directly exposed to the stock market. As a result, fixed indexed annuities may offer less potential return than a variable annuity.
AIG Indexed Annuity Products
- Power Series Index Annuity with Lifetime Income Max
- Power Series Index Annuity with Lifetime Income Plus Multiplier Flex
Interested in Buying an Annuity?
Client Resources
Customers of AIG can log in to their accounts online with their username and password to pay bills, manage policies, view company news, materials and more.
AIG customers with annuities through Corebridge Financial can access information on those investments through either the AIG login page or Corebridge Financial’s official website.
In addition to managing your accounts, AIG also offers a Newsroom where users can stay up to date on the latest happenings, as well as sign up for their digital newsletter.
About Annuity.org
Annuity.org has provided reliable, accurate and trustworthy financial information to readers since 2013. We partner with professionals like those from Senior Market Sales (SMS), a market leader with over 30 years of experience in the insurance industry, to offer personalized retirement solutions for consumers across the country.
Any information offered about the company above is provided free of charge and individual product offerings are verified and accurate as of publication.
Our partners work with the provider companies mentioned on our site. However, Annuity.org is not a service provider. Actual products, terms and rates offered through the above company are subject to in-state availability and a variety of other factors. Visit the Our Partners page for additional information.
