Paramount Life Insurance News
Ponte Vedra Beach, Florida (32082) — Paramount Life Insurance company recently gave a an updated report on AIG after the bailout. They came with many questions and answers on the life insurance companies current situation. AIG is going to post a 60 billion dollar loss this quarter. This is the largest loss of any financial institution in the country. Is your AIG life insurance policy still safe? Did you know that the your state insurance regulator insures your life insurance policy to certain levels? If you do not know what they are be sure to check with an agent from Paramount Life Insurance.
It’s been five months since American International Group Inc. received its first massive cash bailout from the U.S. government, a move that put the New York-based insurer front and center in a financial crisis that was just starting to get ugly.
A lot of the early headlines about the financial meltdown contained the letters “AIG.” It was the among the first companies to be questioned last year about lavish spending by executives, to cut compensation packages and to face investigations by U.S. and foreign authorities.
The government maintains that it needed to step in, saying AIG’s failure would further disrupt markets and threaten the already fragile economy. Though critics of the move worried about taxpayers being on the hook for billions of dollars in bailout money if the government kept stepping in to help troubled financial companies.
How has AIG been doing since it started getting government help? Here are some questions and answers.
To get more details on the AIG bailout, before and after, please check out this news editorial from Paramount Life Insurance, http://www.paramountlifeinsurance.com/AIG-After-Bailout.html.
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