Fixed Annuities

Fixed annuities pay no reservations if the company did not go bankrupt? Like Genworth?

Genworth is going in the direction of AIG? to the extent that annuities now?

Companies offering fixed annuities in the State of Washington are required to have in reserve $ 1 for every $ 1 in trust for policyholders. Many companies have more than the required $ 1 per $ 1 on reserves. All insurance companies doing business in Washington must belong a guaranty association that protects the insured to $ 500,000 per company for fixed annuities in Washington Sate. This is definitely not the same as the FDIC. You can www.insurance.wa.gov go and look at consumers and insurers and to clarify details. Good question!

Adrian Zangirolami on Fixed Annuities

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