I am wondering if your money is safe if this company goes bankrupt?
They’re not…
IF they filed for bankruptcy protection (which we now know won’t happen with the gov’t assistance) the life insurance holders should be fine. If anything they’d spin off the profitable insurance unit to a buyer in order to raise cash. AIG doesn’t sell insurance…American General does (as does their other subsidiaries)….keep that in mind. AIG just owns American General.
