How do I contact American life insurance?

Call us anytime at 1-800-MYAMFAM (1-800-692-6326).

What happened to American life insurance company?

MetLife, Inc. (NYSE: MET) announced today that it has completed its acquisition of American Life Insurance Company (Alico) from American International Group, Inc. (AIG) for $16.2 billion.Nov 1, 2010

Is American General Life Insurance Company the same as AIG?

American General is part of the American International Group (AIG). They offer term life insurance, guaranteed issue whole life insurance, universal life, variable universal life, and accidental death and dismemberment insurance.

Is American General Life Insurance Company a legitimate company?

AIG is one of the biggest insurers in the world, serving millions of customers in more than 80 countries. AIG offers term, whole and universal life insurance to individuals. The company also offers a range of insurance and investment products to businesses.

How do I cash out my AIG life insurance policy?

You do have to pay back the money with interest, though, in order to maintain the full death benefit of your policy. Surrender the policy for its current value. You have the option, with cash value, to surrender your policy and withdraw the total cash value of your policy.

Is American life insurance a pyramid scheme?

To answer this question simply, no. A pyramid scheme is when the product is not actually a product, but a membership cost to join. This membership is what pays the early members.

Who took over American General Life Insurance Company?

After continuing its acquisition spree in the 1990s, AG was itself bought up in 2001 by American International Group, Inc. (AIG).

How long does AIG life insurance take to pay out?

How long does it take to get a life insurance payout? After all of the needed information is provided to your life insurance company, the payment process is typically pretty quick. On average, you can expect payment to be issued within 7 to 10 business days.

Who bought American General Life Insurance Company?

NEW YORK (CNNfn) – As expected, American International Group Inc. won its $23 billion takeover bid for American General Corp. Friday, scuttling an earlier deal inked by U.K. insurer Prudential PLC.

What happens when you cancel a life insurance policy?

What happens when you cancel a life insurance policy? Generally, there are no penalties to be paid. If you have a whole life policy, you may receive a check for the cash value of the policy, but a term policy will not provide any significant payout.

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