AIG Life & Retirement, a division of American International Group, Inc.
(NYSE:AIG) today announced its participation in World Elder Abuse
Awareness Day, an annual day to advocate for those whose vulnerable
voices are often left unheard. As part of its commitment to addressing
the needs of elderly consumers, AIG is partnering with the Insured
Retirement Institute and the Congressional Elder Justice Caucus to host
a panel discussion today on Capitol Hill. Together with some of the
leading advocates of elder protection in the U.S., AIG will examine how
to best protect older investors from financial exploitation and abuse.
In 2016, AIG launched its Elder & Vulnerable Client Care Unit to
investigate cases of suspected elder abuse, and the unit works with
state agencies to resolve these matters. Each year, an estimated 5
million older adults are neglected, exploited or abused. Financial
exploitation is a fast-growing form of abuse to seniors, with
approximately $37 billion a year stolen from America’s elderly.
“At AIG, helping our clients protect their retirement savings from
exploitation as they age is at the heart of our mission to improve
financial wellness and enhance retirement outcomes,” said Michele
Kryger, Elder & Vulnerable Client Care Officer, AIG Life & Retirement.
“On World Elder Abuse Awareness Day, we are bringing much needed
attention to these matters through a discussion on Capitol Hill about
how to best protect the financial interests of older investors.”
The panel, to be held today from noon to 1:30 p.m. in 2167 Rayburn House
Office Building, will be comprised of leaders from both the public and
private sectors, including:
To learn more about AIG’s involvement in World Abuse Awareness Day,
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
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These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
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