NEW YORK--(BUSINESS WIRE)--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:
- Lee Covington, Senior Vice President & General Counsel, Insured Retirement Institute
- Michele Kryger, Elder & Vulnerable Client Care Officer, AIG Life & Retirement
- Bob Jackson, State Director of Texas AARP
- Angela Gutchess, Associate Professor of Psychology, Brandeis University
- John Cronin, Vice President, Regulatory Strategy, LPL Financial
- Rep. Suzanne Bonamici (D-OR), Elder Justice Caucus Co-chair
- Rep. Peter King (R-NY), Elder Justice Caucus Co-chair
To learn more about AIG’s involvement in World Abuse Awareness Day, please click here.
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.
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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.