Friday, December 11, 2009


Shhh: AIG back on top in fixed annuities

American International Group has anonymously climbed back to the top spot in fixed annuity sales, a private U.S. research firm said... Research firm Kehrer-Limra said Western National Life, an AIG subsidiary, was the top seller of fixed annuities in the third quarter, while the previous leader, New York Life, dropped to third and Transamerica fell to fourth place.

But many customers are no longer aware the annuities they buy are backed by bailed out insurer AIG where sales slid until Western National and another subsidiary, First SunAmerica, dropped references to AIG on their contracts, The New York Times reported Thursday...


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