AIG or the American International Group is the fourth largest company in the world according to the Forbes Magazine’s Global 2006 list. The company is based out of New York City and is a global leader in financial services that extend far beyond insurance and also specialize in retirement planning and investment.
AIG was founded in 1919 by Edwin Cornelius Vander Starr in Shanghai, China. Starr was an entrepreneur and former auto insurance vendor who ventured to the east working with several insurance businesses. Within a year, Starr saw an opportunity for a flourishing business and founded the American Asiatic Underwriters.
The business expanded internationally throughout Asia, North America, Europe, Latin America and the Middle East as the American International Group. Success in the United States did not come until Starr gave the division to colleague Hank Greenberg who prioritized bulk corporate insurance policies instead of those sold individually.
Today – The US Life Insurance Division is known as AIG. AIG is a Top-Rated Life Insurance Company Who often can offer more Affordable Life Insurance Rates than smaller companies. Get an instant life insurance quote here and you might end up saving up to 70% on Term Life Insurance from AIG.
