0
I am looking for answers to this myself, AIG annuities is a subsidy of AIG and should be insulated from the credit concerns of the parent company, however NY state's actions of allowing AIG to use policy holder's account as collateral clouds the issue. Aig personnel are not able to answer this question either, this unpercedented situation is unfolding so quickly, they have not been briefed. They did advise however that the principal is guaranteed but with 20 years of interest in the account that is little comfort. What can you do? by the time you are able to transfer the funds out it will be a moot issue, they will either have been bailed out or in bankruptcy.
What else can I help you with?
How safe is aig annuity?
not safe at all. if AIG folds or goes under, you wake up one morning and the company is closed lie ENRON, and WorldCom. then you lose all your money.
How safe and secure is an AIG annuity that pays 4 percent fixed per year?
It is as safe as AIG is. No fixed annuity has ever lost any money, but bottom line, AIG backs the fixed annuity
What is the mailing address for AIG annuity claim?
Mailing Address for AIG Annuity Insurance Company Annuity Withdrawal Form is 205 East 10th Avenue Amarillo, Texas 79101-3546
As an annuity holder with aig I have recently asked for a portion of my annuity and am wondering when i may receive it in the mail?
My wife receives a monthly annuity from AIG and usually gets it on the same calendar day every month.
Who owns the variable annuity life insurance company?
AIG
How safe is your 403-B annuity with AIG?
How safe is TSA 403 (b) Fixed annuity? Is TSA 403 (b) Fixed annuity insured ?
Life or annuity insurance companies that have gone bankrupt in the last 10 years?
AIG
Are AIG annuities sound now and forever?
Depending on the state of issue, an AIG annuity contract is likely guaranteed by a Life & Health Insurance Guarantee Association. For more information, see http://www.nolhga.com/. If you have concerns about your personal annuity, contact your state's department of insurance.
Why was AIG Annuity co renamed Western National Life?
We've been dealing with WNL for nearly 30 years and cannot get an answer. Our only guess is Who would want to invest with AIG right now? We were never notified that AIG bought them out! Will update if we can get an answer out of them.
What do you have to do to get a withdrawal form from AIG All you want is to withdraw a small amount of interest from your annuity?
Go to the personnel office.
What happens to your 401k if AIG goes bankrupt?
I have a claim on a car insurance policy with AIG. What are the chances of this claim being met?
How is your Annuity insured?
Usually it is backed by the financial strength of the issuing insuance company. Answer 2 But more usually government bonds are bought to cover the payments to be made by the insurer. This guarantees (as far as one can guarantee anything) that the annuity payments are safe. The financial strength of the insurer is a very vague measurement - who'd have thought that an insurer like AIG (massive financial strength?) would go under.
