AIG-SUNAMERICA Life
AIG-SUNAMERICA LIFE
SunAmerica
21650 Oxnard St.
Woodland Hills, CA 91367
United States
Tel: 1 (800) 445-7862 (All States)
AIG-SunAmerica Life prides itself in providing retirement insurance and other financial services for retirees. People earn their security through years of hard work and toil. Therefore, they want to be assured that their hard-earned money is invested in a company that is trusted to provide quality service and will not run off on them especially during times when they need financial help the most.
AIG-SunAmerica Life is one such company. It provides annuity investments to retired individuals, assuring them of a steady flow of income despite their loss of employment. Life after retirement is definitely uncertain and there are a lot of inhibitions for individuals to invest. But AIG-SunAmerica is aware of this hesitation and has provided safeguards to ensure that their clients’ retirement funds are protected from financial adversities. For additional annual fees, customers can be assured that their investment is protected from financial or economic crises. It’s a small price to pay for the peace of mind that comes with knowing that no matter what happens, your bucket will never run out.
The company was founded in 1890 but was acquired as SunAmerica in 1971. They concentrated on retirement planning and investment and have been considered a pioneer and a leader in retirement investment. In 2001, SunAmerica joined the American General group of companies, but still focused on variable annuity.
When American General was acquired by AIG in 2001, SunAmerica was part of the acquisition and has been known as “The Retirement Specialist”. Today, AIG-SunAmerica’s portfolio involves providing financial and investment services to about half a million individuals. The company is now known as SunAmerica Financial Group (SAFG).
SAFG has become the domestic life insurance and retirement services arm of AIG, managing companies that include American General Life Companies, VALIC, SunAmerica The Retirement Specialist, FSC Securities Corporation, Sage Point Financial, American General Life and Accident Insurance Company, Western National Life, SunAmerica Asset Management, and Royal Alliance.
AIG-SunAmerica posted an operating income of $1.1 billion before net realized capital gains by the end of 2009, a stark improvement from its performance in 2008 where it recorded an operating loss of $835 million. Today, primary businesses and affiliates of AIG-SunAmerica are said to be stabilizing as investment results continue to improve as well.
Compared with others in the industry that have succumbed to the global financial crisis and have had to close shop, AIG-SunAmerica is considered to be doing better as it has reached a plateau in its performance rather than dropping like most others. The company’s performance is still expected to improve significantly by the end of this year as the global equity markets are starting to pick-up again.
The company employs 13,000 all over the United States and has over 300,000 financial professionals ready to serve AIG-SunAmerica’s 16 million valued clients through its various affiliate companies.
Uncertainties in the market are still looming but AIG-SunAmerica’s management is confident that there will be a rainbow after the rain as the financial markets continue to settle.
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