AIG American General Announces AIG Corporate Investor Variable Universal Life Insurance.New compensation solution provides benefits to top employees, protects employers' assets HOUSTON -- Please replace the release (dated Sept. 4, 2007) with the following corrected version due to multiple revisions. The corrected release reads: AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group AMERICAN GENERAL ANNOUNCES AIG CORPORATE INVESTOR Noun 1. corporate investor - a company that invests in (acquires control of) other companies company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" VARIABLE UNIVERSAL LIFE INSURANCE The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. New compensation solution provides benefits to top employees, protects employers' assets AIG American General announces the launch of AIG Corporate Investor, a variable universal life insurance product underwritten by American General Life Insurance Company (American General Life), a member company of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG). The new product, which can be sold by all financial professionals appropriately licensed and appointed with American General Life, is designed for use with nonqualified deferred compensation plans that use either salary reduction or salary continuation techniques to fund benefits. "Rolling out AIG Corporate Investor reaffirms our commitment to provide innovative solutions to our clients," said Gary Parker, executive vice president and chief product officer for AIG American General. "By tapping into the features of the product, top employees are rewarded with the opportunity to grow and protect their assets and earnings." Features of the new product include high cash values in early policy years, no surrender charges and an overloan protection rider. Policyholders may choose from among 44 variable investment options1 and one declared fixed-interest account. AIG Corporate Investor also offers unique benefits to employers. Among the most notable: * A tool to attract, retain and reward key employees * Greater benefits than permitted under qualified plan rules * No need for prior IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. approval * Control of details to accommodate individual employee needs * Cash values accumulate tax-deferred (based on current federal income tax laws) to the employee if the plan is not formally funded * An income tax deduction Tax deduction An expense that a taxpayer is allowed to deduct from taxable income. tax deduction See deduction. when the benefits are paid "Today's competitive business world can make it challenging for employers to attract and retain top talent," said Parker. "AIG Corporate Investor variable universal life is a creative compensation solution that employers can use to not only reward valuable employees but also provide immediate benefits for their companies." For more information about AIG Corporate Investor variable universal life insurance or AIG American General visit www.aigag.com. AIG Corporate Investor Policy Form Number 99301 issued by American General Life Insurance Company, a member company of American International Group, Inc., Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the The underwriting risks, financial obligations and support functions associated with the products issued by American General Life Insurance Company (American General Life) are its responsibility. American General Life is responsible for its own financial condition and contractual obligations. American General Life does not solicit business in the state of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Policies and riders not available in all states. Variable universal life insurance policies issued by American General Life are distributed by American General Equity Services Corporation, member FINRA FINRA Financial Industry Regulatory Authority (formerly Securities Industry Regulatory Authority) and a member company of American International Group, Inc. AIG American General, www.aigag.com, is the marketing name for the insurance companies and affiliates comprising the domestic life operations of American International Group, Inc. (AIG), including American General Life Insurance Company. American International Group, Inc. (AIG), world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in Paris, Switzerland and Tokyo. 1 Investment return and principal value of the variable options may fluctuate, so that an investor's units, when redeemed or borrowed against, may be worth more or less than their original cost. Consult fund prospectuses for information on currently available funds. |
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