Are Annuities Safe?
How safe are insurance fixed annuities during this turmois on Wall Street.?
I have 3 fixed annuitys through a highly rated insurance company. Are they as affected by this wall street fallout as the banks are. I know the monies are not FDIC protected so I’m a little concerned about whether or not I will lose my monies. Do they have any kind of backup protection outside FDIC?
Find your paperwork. Some of these financial firms have way much more coverage than just the FDIC. For example, brokers can insure you up to one million, through extra insurance they purchase.
Time to read or give them a call.
Fix Annuities Safe Money Concepts
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