AIG Annuity Insurance Co.
There are a lot of insurance companies offering annuities in the United States and one company that has done well for the past few years is AIG.
Customers can choose from fixed or index annuities, which is not that different from packages also being offered by other insurance companies.
The payment options for these two types are done annually. Customers can choose to get the return of investment n five, ten, fifteen or twenty year periods in one lump sum or monthly after the term expires.
The fixed one offered by AIG follows a certain minimum interest rate. This will ensure that the customer gets something should the existing market conditions are not doing so will during that time.
The money that has been kept by the insurance provider will grow much faster compared to those being deposited at the bank because this is tax deferred. This means deductibles will only happen when this amount is withdrawn by the client. The only time this will not happen is when the individual has reached 60 years of age.
Customers who decide to sign up with AIG will not be able to get bonus annuities upon signing the contract. This is offered by other companies and is not required by law. However, it has fail safe system in place should the client die before the contract expires so the beneficiary will be able to get something much greater than the amount of contributions.
Studies have shown that there are 5 main reasons why people prefer to invest in an annuity compared to other programs available.
First, this is one way for people to recover from losses due to accidents or natural calamities.
Second, this is additional income aside from the 401k plan being offered by the employer.
Third, not enough money has been saved yet before retirement.
Fourth, annuities are tax deferred.
Lastly, customers will be able to have a stable income aside from the retirement benefits being given by the former employer and the government.
The second type of annuity being offered is called index because this is influenced by the events transpiring in the stock market. The only difference between the fixed and this is that the returns of this type of investment are much greater.
This means the potential for growth could double or triple the amount that was placed into the account. The downside is that there are risks involved which could make it unfavorable for the customer.
There is no minimum interest rate here so the customer may get a little out of it if the market conditions don’t look so good.
Customers can contact an agent through phone or get an annuity quote online by providing a little information. These includes the name, address, gender, age, occupation and contact number.
The person will just fill in some information and leave the contact number so that a representative will be able to answer any questions and explain the type of annuity package that is suitable.
AIG has been in the business of helping people for more than 10 years. It has over 130 offices worldwide and continues to provide Americans with great products and services, which are there to help prepare individuals for the future. Customers who want the best should only settle for the best and this is the commitment that each employee in this company promises.