VALIC
The Variable Annuity Life Insurance Company, or VALIC, a subsidiary of American International Group, Inc., (AIG), is an insurance corporation that specializes in tax-qualified retirement plans, supplemental tax-deferred and after-tax investments. VALIC's CEO is Jana Greer.
VALIC's headquarters are in Houston, Texas. VALIC ranks in the top 10 of all U.S. and Canadian life insurance companies, based on more than $86 billion in total customer assets under management as of December 31, 2014. The company is a certified member of the Insurance Marketplace Standards Association (IMSA) and supports education and the leaders who inspire excellence by:
- Supporting the National Distinguished Principals Program (NAESP)
- Co-sponsoring the AASA National Superintendent of the Year Award
- Exclusively sponsoring the Strategic Partner ASBO Certificate of Excellence Award
Who is VALIC?
For more than half a century, VALIC has served as a leading retirement plan provider for healthcare, higher education, K-12 schools and school districts, government and other not-for-profit institutions. As of December 31, 2014, VALIC has more than $86 billion in total customer assets under management and manages plans for nearly 24,000 groups serving more than 2 million plan participants in 41,000 locations in the U.S. VALIC represents The Variable Annuity Life Insurance Company and its subsidiaries, VALIC Financial Advisors, Inc. and VALIC Retirement Services Company.
Products offered
VALIC offers a variety of products to help Americans save for retirement, including:
- Mutual fund programs
- Fixed, variable and income annuities
- Asset management programs
- Life insurance
- Brokerage accounts
- College savings plans
- Group and Individual retirement accounts -- Traditional IRA, Roth IRA, Spousal IRA, Money Market Consolidator
Competitors
- TIAA-CREF
- AXA Financial
- Voya Financial
- MetLife
- Fidelity
- Lincoln Financial
- Transamerica Corporation
- Empower Retirement
See also
- AIG Advisor Group
- American International Group