is american general life insurance part of aig
American International Group The early 2000s saw a marked period of growth as AIG acquired American General Corporation, a leading domestic life insurance and annuities provider,[30] and AIG entered new markets including India.[31] In February 2000, AIG created a strategic advisory venture team with the Blackstone Group and Kissinger Associates "to provide financial advisory services to corporations seeking high level independent strategic advice."[32] AIG was an investor in Blackstone from 1998 to March 2012, when it sold all of its shares in the company. Blackstone acted as an adviser for AIG during the 2007-2008 financial crisis.[33]
G.I. Bill The act avoided the highly disputed postponed life insurance policy payout for World War I veterans that caused political turmoil for a decade and a half after that war.[1] Benefits included dedicated payments of tuition and living expenses to attend high school, college or vocational/technical school, low-cost mortgages, low-interest loans to start a business, as well as one year of unemployment compensation. It was available to all veterans who had been on active duty during the war years for at least 90 days and had not been dishonorably dischargedâ€”exposure to combat was not required.[2] The recipients did not pay any income tax on the GI benefits, since they were not considered earned income.[3]