AIG Seeks Offers for Life Insurance Unit

Ready to get started?

Your quotes are always free.

Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

Full Bio →

Written by

UPDATED: Feb 25, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.

Reuters is reporting today American International Group (AIG) is seeking bids to sell its American Life Insurance Company (ALICO) unit. MetLife has made a preliminary offer of approximately $11.2 billion. ALICO has life insurance operations in more than 50 countries.

A deal for the sale of the life insurance unit is expected to help AIG repay part of the multi-billion loan the company received from the federal government last year.

It’s important to note that American Life Insurance Company is an entirely different company from American General Life Insurance Company, a QuickQuote marketplace partner. American General Life is AIG’s domestic life insurance unit and remains a very highly rated life insurance company.

Credits:  Reuters

Ready to get started?

Your quotes are always free.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption