- How much should I contribute to my annuity?
- Should I sign up for an annuity?
- should i roll over 25,000 CAL PERS retirement annuity to an IRA.I am 36 and moving to STERS retirement annuity
- why should i convert my ira to an annuity?
should I sell my AIG annuity?
08
Mar
codynchelsie@ymail.com
March 8, 2010 at 2:44 pm
Why not, everyone else has already
Formerly known as Frank Castle
March 8, 2010 at 3:04 pm
Yes.
chitrabanu
March 8, 2010 at 4:01 pm
dont take any risk by keeping the same
Oldsurfer
March 8, 2010 at 4:53 pm
Probably not. If the worse case happens and AIG goes into bankruptcy you will be covered by the Life and Annuity Guarantee Association in your state. See http://www.fsdfinancial.com/State%20Guarantee%20Associations.htm for your state. Most likely you are covered (Like FDIC) for up to $100,000. $500,000 in New York.
If your annuities are over $100,000 you will get something back on the amount over that in the settlement. Probably not the whole amount but somewhere in between. If you have less than $100,000 don’t sweat it.
Most likely AIG will sell off its AIG Retirement subsidiary and you will not lose anything.