AIG sets up plan to protect tax assets Instant Life Insurance QuoteState:AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDist.ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNY Non-BusNY BusinessNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyomingGuamPuerto RicoVirgin IslandsAmer. SamoaBirthdate:JanuaryFebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember 12345678910111213141516171819202122232425262728293031 191019111912191319141915191619171918191919201921192219231924192519261927192819291930193119321933193419351936193719381939194019411942194319441945194619471948194919501951195219531954195519561957195819591960196119621963196419651966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008Gender:MaleFemaleSmoker/Tobacco:NoYesHealth Class:Preferred PlusPreferredRegular PlusRegularType of Insurance:1 Year Level Term5 Year Level Term10 Year Level Term15 Year Level Term20 Year Level Term25 Year Level Term30 Year Level Term35 Year Level Term40 Year Level TermTo Age 65 LevelTo Age 70 LevelTo Age 75 LevelTo Age 80 LevelTo Age 85 LevelTo Age 90 LevelTo Age 95 LevelTo Age 100 LevelTo Age 105 LevelTo Age 110 LevelOther Term10, 20, 30 Year TermAll Level Term Product Categories10 Year Return of Premium15 Year Return of Premium20 Year Return of Premium25 Year Return of Premium30 Year Return of PremiumTo age 65 Return of PremiumTo age 70 Return of PremiumTo age 75 Return of PremiumOther Return of Premium15, 20, 30 Year with ROPReturn of Premium ProductsTo Age 121 Level (No Lapse U/L)To Age 121 Level - Pay to 100To Age 121 Level - Pay to 65To Age 121 Level - 20 PayTo Age 121 Level - 10 PayTo Age 121 Level - Single PayFace Amount:$10,000$25,000$50,000$75,000$100,000$125,000$150,000$175,000$200,000$225,000$250,000$300,000$350,000$400,000$450,000$500,000$550,000$600,000$650,000$700,000$750,000$800,000$900,000$1,000,000$1,100,000$1,250,000$1,500,000$1,750,000$2,000,000$2,500,000$3,000,000$4,000,000$5,000,000$6,000,000$7,000,000$8,000,000$9,000,000$10,000,000Your Name:Phone Number:E-mail Address:Bailed-out insurer American International Group Inc (AIG.N) set up a plan to protect tens of billions of dollars in valuable tax assets by discouraging investors from taking large new positions in the company.As of year-end, AIG had what is known as a “federal net operating loss carryforward” of $32.3 billion on its books. That asset, which investors consider extremely valuable, allows AIG to offset some taxes on future profits.But AIG would be limited in its use of those assets, the company said on Wednesday, if it experiences what is considered an “ownership change” under the tax code.AIG and the U.S. Treasury, which owns 92 percent of the company, are planning a share offering that is expected in late May. The number of shares on offer, and the changes in investors’ holdings that would result, could have put the company on the wrong side of the complicated rule.Shareholders as of March 18, and holders of any new shares issued after that date, will receive a dividend of one preferred share purchase right for each common share.“The plan is designed to reduce the likelihood that AIG will experience an ownership change by discouraging any person from becoming a 5 percent shareholder,” the board said in a statement.Under the plan, if any person or entity acquired 4.99 percent of AIG’s shares or more, their preferred share purchase rights would be voided, and all the other rights would be exercisable. That would create dilution, the prospect of which would presumably discourage any investor from buying up to that level in the first place.The rule has become an issue for companies with substantial government involvement, like Citigroup (C.N). In late 2009 the IRS issued a special ruling that the government’s sale of Citigroup shares would not put the company in violation of the ownership change rules.SOURCEBanner Life Insurance AIG Genworth Guardian Metlife Investors Midland National Protective Life Prudential Transamerica West Coast Life Insurance New York LifeNorthwestern Mutual MassMutual Mutual of OmahaBlue Cross Blue Shield of Texas Aetna Cigna Humana Celtic United Health Insurance Scott & White Health Insurance Texas Life insurance Austin Texas Health Insurance Houston Texas Health Insurance Dallas Texas Health Insurance Texas Health Insurance