Carrier
American General secondary market annuities
American General Life is among the largest writers of structured settlement annuities in the United States, serving tens of thousands of settlement annuitants. It is part of Corebridge Financial — the company formerly known as AIG Life & Retirement — and its issuing entities kept their names through every parent-level change.
American General Life Insurance Company · The United States Life Insurance Company in the City of New York
- Issuing HQ
- Houston, Texas
- Parent
- Corebridge Financial
- Parent IPO
- 2022 (NYSE: CRBG)
What it means
Backed by American General
When a payment stream is backed by American General, the scheduled payments are that carrier's obligation. You are buying the right to receive those payments — transferred through a court-approved process — at a discount, not a new insurance contract, and the difference between what you pay and what you collect is your yield. Read more about the asset itself on our secondary market annuities guide.
Because the income depends on American General continuing to pay, the carrier's financial strength is your protection. These payment rights are not FDIC-insured and generally are not covered by a state guaranty association, so we place only top-rated carriers and show the current rating on every listing. Where a American General-backed stream sits against CDs, Treasuries, and new annuities is laid out on our comparison page.
The company
A brief history
American General Life Insurance Company, domiciled in Houston, issues in every state except New York, where its sister company The United States Life Insurance Company in the City of New York — one of the oldest stock life insurers in the country — writes instead. Together they built one of the largest structured settlement books in the industry.
The parent-company story causes most of the confusion: AIG acquired American General in 2001, AIG's life and retirement division was rebranded Corebridge Financial in 2022 and listed on the NYSE, and AIG subsequently sold down its stake — with Nippon Life taking a significant holding in 2024 — leaving Corebridge an independent public company. None of those changes altered the issuing entities: paper that says American General or US Life is still owed by American General or US Life.
For an investor, an American General-backed stream means an obligation of one of the most experienced settlement-annuity operations in the market. The listing names the exact issuing entity and its current rating as of the listing date.
Name history
American General (acquired by AIG, 2001) → parent rebranded Corebridge Financial (2022, NYSE: CRBG) — the issuing entities kept their names throughout
Available now
Current American General-backed income options
American General
- Purchase price
- $333,468.84
- Total scheduled
- $780,825.44
- Payment window
- Aug 2026 – May 2055
American General
- Purchase price
- $38,449.53
- Total scheduled
- $55,000.00
- Payment window
- Jan 2033 – Jan 2033
American General
- Purchase price
- $85,687.52
- Total scheduled
- $104,715.79
- Payment window
- Sep 2026 – Sep 2033
American General payment stream questions
Is American General the same as AIG or Corebridge?
Are American General secondary market annuities safe?
How do I buy a American General payment stream?
What yield do American General-backed streams pay?
Pacific Structured Assets, Inc. is an independent company. We are not affiliated with, endorsed by, sponsored by, or otherwise connected to any insurance company, annuity issuer, state lottery, or other payment obligor named on this website. Issuer and carrier names are used solely to identify the entity obligated to make the scheduled payments on a particular payment stream. All company names, trademarks, and service marks are the property of their respective owners; their appearance here is for identification purposes only and does not imply any partnership, agency, sponsorship, endorsement, or other business relationship. No issuer named on this website has reviewed, approved, or endorsed any of its content.
Pacific Structured Assets, Inc. does not provide tax, legal, financial or accounting advice. The material on this website has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. You should consult your own tax, legal, financial or accounting advisors before engaging in any transaction, including the acquisition of factored structured settlement payments. Pacific Structured Assets is not registered with the Securities and Exchange Commission and is not licensed to sell insurance in any state.
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