If you are an AIG policyholder, I understand that you may be concerned by recent news about American International Group, holding company for AIG Annuity and AIG SunAmerica.
As you may have seen, the holding company has experienced a significant drop in stock price and has been downgraded by the rating agencies.
In light of this news, I would like to remind you that your assets are actually invested through a subsidiary of the public company. This is important because insurance policies written by the underlying AIG companies are direct obligations of those regulated insurance companies. These companies are well capitalized and meet or exceed regulatory capital requirements. These companies continue to operate in the normal course to meet obligations to policyholders.
This is a very unusual situation, which I continue to monitor carefully as it evolves. If you have questions or concerns about your policy, please contact me at 863-686-6600.
Thank You and Have a Great Day,
Matthew J. Antos
Matthew J. Antos, CFP®
Wealth Management Advisor
204 East Pine Street
Lakeland, FL 33801