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In 1953, American General hired life insurance veteran Benjamin N. Woodson as president. Woodson previously served at Mutual Trust Life Insurance Company, the National Association of Life Underwriters, and various other roles. Woodson would eventually succeed Wortham as CEO of the company in 1972 where he remained until retiring in 1978. [7]
State Farm: Shoppers looking for term life insurance coverage without a medical exam may find what they’re looking for with the carrier’s Instant Answer Term Insurance. Ladder: Ladder offers ...
In March 2003 American General merged with Old Line Life Insurance Company. [37] In the early 2000s, AIG made significant investments in Russia as the country recovered from the 1998 Russian financial crisis. In July 2003, Maurice Greenberg met with Putin to discuss AIG's investments and improving U.S.-Russia economic ties, in anticipation of ...
Beginning with its first annuities business written in 1928, the company grew to offer products for mortgage insurance, lifestyle protection, and long-term care insurance. [5] In 1986, Life of Virginia was acquired by Combined Insurance for $557 million. [5] It became Aon in 1987. [5] In 1996, Life of Virginia was acquired by GE Capital. [5] [6]
Term life insurance: Term life insurance is generally the cheapest kind of life insurance. It provides coverage over a specific term period, usually between 10 and 30 years.
Level term life insurance: Offers fixed premiums and a fixed death benefit for the policy duration, typically ranging from 10 to 30 years. This type provides stability, as both your premium and ...
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