Terrence Cummings, first vice president and product development head of the American International Group (AIG) says that, "uncertainty is the only certain thing in the financial sector today".
In this light, he introduced their newest product, which provides investors a secure way to invest and a chance to participate among the world's top growing and emerging markets.
This newest innovation in insurance is a dollar investment that maximizes dollar returns while protecting investors' capital from losses.
The product with an eight-year maturity period lets the investor gain access and participate in the uprise of 500 leading US companies as well as with 40 top securities of currently developing markets of Brazil, Russia, India and China while protecting investment capital from possible market declines.
One hundred percent of the invested capital is assured at the time of maturity plus points earned during the upsurge of the partner US companies and top securities. Life, accident and health insurance is also guaranteed with the deal.
AIG Winning Edge has a limited subscription period of April 21 to May 23, 2008.
Cummings stressed that the product offer was subject to a limited duration since its structure is very dependent on market conditions. "Assets should be created at a specific period of time," he added.
The latest product was introduced in the forum with the Finding Growth and Stability during Market and Uncertainty held at the Mallberry Suites, Monday evening.
