AIG Annuities
by admin on 13/01/09 at 7:24 am
By now, you are most probably familiar with the term “annuity”, but you are probably wondering about the practical use of such a financial instrument. This is actually a very normal state of mind to be in, especially in the finance industry. We hit you with lots of theory and definition, but when it comes down to it, the actual implementation of a particular theory is somewhat obscured.
So, where could we find a real life annuity? It’s a good thing I did my research and found AIG annuities. These are of course backed by the insurance giant AIG, and are therefore fairly solidly secured. In fact, AIG is one of the largest annuity providers, and AIG annuities are known for their range of financial products and the accompanying service. AIG annuities acts somewhat like an insurance policy - providing you with a stream of payments should an event occur. An example would be a life specific AIG annuity. In this case, should the person insured pass away, a regular payment will be credited to the account of the policy holder, instead of the lump sum payment as is normal with most life insurance policies.
If this sounds useful, check out the range of AIG annuities today.
