Description
The Variable Annuity Life Insurance Company (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 headquarters are in Houston, Texas. VALIC ranks in the top 10 of all U.S. and Canadian life insurance companies,[citation needed] 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).
Organization
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
VALIC offers a variety of products, 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
