- Are annuities still a safe investment? I have an annuity with Met Life and AXA, 6% guarantee for 9 more years?
- How safe are insurance fixed annuities during this turmois on Wall Street.?
- Can someone please give me advice on what is best: Life insurance, Annuities or Term if you’re 53 years old?
- are annuities covered by insurance?
are insurance annuities still safe in today’s market?
01
Mar
Susan C
March 1, 2010 at 6:41 am
Depends on what type of Annuity you are in. Variable are in the market, and unless they have some sort of guarantee (most don’t) you are 100% at risk of losing. If it is a Fixed Annuity (they pay an interest rate) you are safe. Even if the company goes under or has problems, typically another insurance co will buy them and all their policies. If not, and worse case happens, they are back by the National Guarantee Assoc. You couldn’t be in a safer vehicle. Fixed annuities have been around since 1913 and have made it through the Great Depression.
car253
March 1, 2010 at 7:06 am
Most are. They have insurance on them. Call your company to be sure. It may depend on what kind it is.