life insurance

AIG's Nan Shan Unit Attracts Multiple Buyout Bids

AIG, which wants to spin off its Taiwan-based Nan Shan Life Insurance unit, has a few live ones nibbling on the line to snap it up, according to a Bloomberg report. The company has disclosed in an SEC filing that Nan Shan has attracted unsolicited offers ranging from $2.15 billion to $3 billion.

Put These 12 Financial Resolutions for 2011 on Your List

After the Great Recession and with volatile stock markets and unemployment keeping Americans jittery, more people are ready to commit to improving their personal financial situation in 2011. Here are a dozen steps that can help put you on the road to fiscal security.

Legal Briefing: Fraud Suit Against AIG Gets the Go-Ahead

AIG's successful run of getting lawsuits against it dismissed has ended. On Monday, U.S. District Judge Laura Taylor Swain gave the green light to a securities fraud class action case regarding AIGs credit default swap portfolio and its actions in the subprime mortgage market.

There's No Hiding: Nine Industries That Know Your Every Move

Don't kid yourself. Real privacy no longer exists in this country. From your hobbies to your income to your phone calls, pretty much everything about you is tracked by someone, somewhere. We've examined the most intrusive firms and industries -- some of them may surprise you.

Yes, Life Insurance Can Be a Smart Investment

One common mistake is that many investors follow this oft-repeated advice: Buy term life insurance and invest the difference. But most people who buy term insurance don't "invest the difference." They "spend the difference."

What's your plan for old age?

Yesterday, I heard gerontologist Ken Dychtwald talk about relying on family to take care of you when you're old. He was reporting on a survey for...

Health Care Reform's Hidden Tax on Annuities

The Obama administration is trying to encourage people to buy annuities for retirement. But a little-noticed provision of the new health care reform law slaps a 3.8% tax on payouts from certain annuities. And, not surprisingly, the life insurance industry isn't happy about that.