by John Darer CLU ChFC CSSC
The above question was raised earlier this morning.
Answer:
American General Corporation, Houston, TX, is one of the many operating companies within American International Group, Inc. (AIG). On August 30, 2001 AIG finalized its acquisition of American General Corporation (American General).
In the structured settlement industry AIG Structured Settlements, based in Amarillo, TX, distributes annuities through licensed structured settlement brokers and settlement planners who are appointed with either or both American General Life Insurance Company and American International Life Assurance Company of New York.
Postscript
American International Life Assurance Company of New York merged with United States Life Insurance Company in the City of New York (US LIfe) on December 31, 2010. US Life was the surviving company brand name..
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