AIG-SunAmerica Life
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Written by
Jeffrey Johnson
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UPDATED: Jun 24, 2021
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2006 Assets (parent): $979.4 billion2006 Revenues (\”) : $113.2 billion
- AIG Annuity Insurance Co.
- The Variable Annuity Life Insurance Co.
- AIG SunAmerica Life Assurance Co.
- First SunAmerica Life Insurance Co.
Company Overview:
Company History: Sun Life Insurance Company of America, founded in 1890, was acquired by SunAmerica Inc. in 1971. In 1999, SunAmerica was acquired by American International Group (AIG.)
Principle Sales Methods: Independent agents and insurance brokers, national and regional investment advisors, banks, and insurance agencies. Online quotes are available.
Life Annuity Business: AIG SunAmerica Life sells term, whole, universal, and variable universal life insurance to individuals.
Auto Business: AIG SunAmerica Life sells Auto and Travel insurance to individuals.
Special Business: AIG SunAmerica sells group property/casualty management, professional liability, and workers compensation insurance to companies.
AIG SunAmerica sells retirement products to qualified indviduals.
I bought a variable annutity policy. It has not preformed well at all.
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Very late with annuity payments, supposedly due on the 20th of the month. I never receive them on that date. Payments are frequently 3 and 4 days after the contractual due date. In the 21st century, with direct deposit, with sophisticated computers this is a travesty. They play the “float” to their advantage and to the detriment of their customers.
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Wants 500 per year for my insurance policy and charges me 110 per month for service fees without telling me they are robbing me. Found this out after a whole year had passed.
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