What happened to Republic National life insurance company?
What happened to Republic National life insurance company?
Republic National is complet ing a merger with the Pacific National Life Assurance Com pany of San Francisco. The mergers with Pacific National and Mercantile Security will provide Republic with $9‐billion worth of life insurance in force, and assets of about $370‐mil lion.
Does AIG own Sun America?
AIG acquired SunAmerica in 1999 and American General in 2001, combining these two companies with its own AIG Life to form AIG SunAmerica, now the retirement savings division of AIG. The company claims that it now provides its products and services to more than four million families across the United States.
How do I contact American General Annuity?
1 (800) 445-7862.
Who owns Sun America?
The SunAmerica Financial Group is owned by American International Group (AIG). AIG purchased SunAmerica in 1999 for $18.3 billion in stock.
Who is American General Annuity?
AIG family of deferred annuities is a comprehensive portfolio of fixed and indexed product designs with features and benefits that enable you to meet the needs of every annuity prospect. …
Are AIG annuities safe?
Regulators say AIG insurance policies and annuities are safe for now, and consumers have protection if AIG’s insurance subsidiaries became insolvent. AIG has many lines of business, but the insurance subsidiaries are subject to special rules. AIG’s life-insurance subsidiaries currently have an A rating from A.M. Best.
When did AIG buy SunAmerica?
August 20, 1998
On August 20, 1998, American International Group, Inc. (“AIG”) and SunAmerica Inc. (“SunAmerica”) announced that they have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding common stock of SunAmerica.
Is an annuity considered life insurance?
Both annuities and life insurance should be considered in your long-term financial plan. While both include death benefits, you buy life insurance in the event you die too soon and an annuity in case you live too long.
What are the guaranteed issue life insurance companies?
Guaranteed issue life insurance is a policy that provides cash benefits to a beneficiary upon the death of the person who is insured. The insurance company will offer this policy to any applicant regardless of his or her past or present health concerns.
Can you switch life insurance companies?
Yes, you can switch life insurance companies by the process of replacement, or by dropping your old policy and purchasing a new one. If you have permanent insurance with cash value, the replacement will involve a 1035 exchange to get the cash from one policy to another.
What is Sun Life Assurance?
Sun Life Assurance Company Of Canada, a diversified financial services company, provides savings, retirement and pension, and life and health insurance to individuals and groups in Canada, the United States, Asia, and the United Kingdom. The company operates in four segments: Sun Life Financial Canada, SLF U.S., SLF Asia, and Corporate.
