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Tag Archive: what happens to policy holders if their company fails

How Policy Owners Were Able to Survive The Fall of AIG

How Policy Owners Were Able to Survive The Fall of AIG

Written By: Cal Burgess, Retirement Servicing Group The financial correction of 2008 is undoubtedly one of the most memorable events in US history. Several companies fell at that time including financial giants AIG and Lehman Bros. We all know the story of how the credit lines of these companies were extended by the Federal stimulus, which came to over $800 billion up front. Most people think companies like AIG fell because of financial insolvency. This was not the case at all. AIG fell because of...

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