AIG Helps Launch the Alliance for Lifetime Income to Empower & Educate Consumers & Financial Advisors on the Importance of Ha...
June 14 2018 - 9:01AM
Business Wire
Alliance for Lifetime Income Represents
Unprecedented Collaboration Among 24 Industry Leaders
AIG (NYSE:AIG) today announced it is a founding member of the
Board of Directors for the Alliance for Lifetime Income (Alliance),
a new industry coalition of 24 leading financial services
organizations whose goal is to educate Americans about the
importance of protected lifetime income solutions and empower them
to take action. This initiative aligns with AIG’s longstanding
commitment to help people protect the future they envision by
further raising awareness of the critical role that protected
lifetime income from annuities can play within an individual’s
overall retirement portfolio.
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the full release here:
https://www.businesswire.com/news/home/20180614005549/en/
“As a nation, we have vastly expanded 401(k)s and other
retirement accumulation vehicles, but have not tackled the looming
issue of securing retirement income,” said Jana Greer, President
and CEO, Retirement.
“With a long history in the retirement industry, AIG is proud to
join this powerful coalition, helping to address what is one of the
most critical financial planning issues of our time—helping
Americans fund today’s longer retirements with protected income
that cannot be outlived,” Greer added. “Today’s longer lifespans
are a game-changer—they make running out of money in retirement a
serious concern for millions of Americans. That’s why raising
national awareness and changing the conversation from saving to
retirement income has never been more important.”
AIG and the other Alliance members are combining their energy
and resources to educate more Americans and help make protected
lifetime income solutions, such as annuities, an important part of
the retirement planning dialogue.
“The mission of the Alliance goes beyond that of traditional
trade organizations,” Greer said. “It is campaign-oriented and has
significant resources that will allow for broad consumer and
financial advisor messaging in a unified, educational approach that
has not been done before.”
Today the Alliance launches a first of its kind, multi-year
campaign centered on the theme “Protect Your Income. Retire Your
Risk,” which boldly underscores the importance of protected
lifetime income for at least a portion of one’s portfolio to help
mitigate the risk of running out of money in retirement.
As the campaign moves forward, the Alliance will offer new
thought leadership, research, third-party expert views and tools,
including a new educational website for consumers and financial
advisors, www.RetireYourRisk.org.
About AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. Founded in 1919, today AIG member companies
provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG common stock is listed on the
New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
About the Alliance for Lifetime Income
The Alliance for Lifetime Income, based in Washington, D.C., is
a nonprofit 501(c)(6) organization formed and supported by some of
the nation’s leading financial services organizations, to create
awareness and educate Americans about the importance of protected
lifetime income. The Alliance is focused on helping to educate
Americans on the risk of outliving their savings so they can enjoy
their retirement lives. The Alliance provides consumers and
financial advisors with the educational resources, tools and
insights they can use to build plans for protected retirement
income. For more information about the Alliance, visit
www.AllianceForLifetimeIncome.org.
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version on businesswire.com: https://www.businesswire.com/news/home/20180614005549/en/
American International Group, Inc.Kenny Juarez (Media),
212-458-8352; kenny.juarez@aig.comLinda Malamut (Media),
310-772-6533; linda.malamut@aig.comKnox Witcher (Media),
703-994-4943; witcher@pinkstongroup.com
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