Western National Life Insurance is a leading US provider of fixed annuity products sold through banks and other financial institutions. The company develops, markets, and issues fixed annuity products. It also is a provider of tax-deferred annuities used primarily in retirement planning. Western National Life Insurance is owned by American International Group (AIG) and is part of the giant's domestic life insurance operations. After first announcing it would sell off its US life insurance and retirement operations, AIG instead has collected them under its SunAmerica Financial Group.