sun life insurance company of america history

Additional Information on AIG SunAmerica AIG Pays $1.64 Billion to Avoid Fraud ProsecutionĪfter a lengthy investigation involving misleading accounting practices, American International Group, Inc. The company claims it provides products and services to more than four million families across the United States.

In the 1980s, SunAmerica divested itself of some other insurance operations while expanding into financial advisory services, mutual funds, and retirement products, including annuities and guaranteed investment contracts.ĪIG acquired SunAmerica in 1999 and American General in 2001, combining these two companies with AIG Life to form AIG SunAmerica, now the retirement savings division of AIG. began its financial service operations in 1971 with the acquisition of Sun Life Insurance Company of America, which had been formed in 1890. AIG’s common stock is listed on the New York Stock Exchange and stock exchanges in London, Paris, Switzerland, and Tokyo. Ranking amongst the top 20 companies in the world with high market capitalization. American General acquired VALIC, a group retirement savings company, in 1977 and Western National Life, an issuer of fixed annuities in the United States, in 1998.Īmerican International Group (AIG) is now a significant competitor in insurance and financial services. In 1972, the company began to focus its expansion efforts on the rapidly increasing retirement savings market. American General Insurance Company (now AIG) has grown primarily through acquisitions. Schneider Law Firm PC takes no responsibility for utilizing the forms available on our website.Founded in Texas, in 1926. Please understand though that this is meant to be a guide for you to understand the paperwork involved, and the form that is available on our web site may not be the appropriate form that the insurance company requires. We have tried to put together the forms for you, for some of the LTD insurance providers. You are not required to have both a physical and psychological doctor fill out forms. There is no charge to call us to discuss what your options are. The lawyers at Schneider Law Firm have a history of working with the adjusters and lawyers at Sun Life, successfully ensuring entitlement to benefits from the start, and if they deny, successfully forcing them to re-instate benefits and/or settle claims. In World War II the gold reserves and securities of several European countries were secretly moved to a Sun Life building in Montreal for safekeeping.

Sun life insurance company of america history