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The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. [7] [8] [9] General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.
In 1953, American General hired life insurance veteran Benjamin N. Woodson as president. Woodson previously served at Mutual Trust Life Insurance Company, the National Association of Life Underwriters, and various other roles. Woodson would eventually succeed Wortham as CEO of the company in 1972 where he remained until retiring in 1978. [7]
Twenty AIG subsidiaries are licensed to do business in Pennsylvania, including National Union Fire Insurance Co. in Pittsburgh, believed to be the second largest AIG underwriter in the nation. Other subsidiaries include New Hampshire Insurance, Insurance Company of the State of Pennsylvania, Granite State Insurance and New Hampshire Indemnity. [11]
When choosing a life insurance company, search the website and look at the policy options. The best life insurance company for you may offer a combination of coverage options that fit your ...
For many years, the firm sold a mixture of "industrial life insurance" policies, with small face amounts and costing low premiums, to working-class individuals and small farmers and "ordinary life" policies for middle class and affluent persons. Much of this business was sold on the "debit" or "home service" plan, where usually the agent who ...
Permanent life insurance policies, such as whole life or universal life, are designed to provide lifelong coverage, with maximum coverage ages ranging from 95 to 121, and typically include a cash ...
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