We have been updating our Annuity FYI In The News section with a flurry of recent articles related to the the economic crisis, from major financial sources such as Money, Fortune, Kiplinger’s, and The Wall Street Journal. Everywhere, we see this question raised: Are Annuities Safe Nowadays?
Below we’ve summarized some of the latest articles on the subject. If these are of interest, click here, and you will be sent an annuityfyi.com Article Request page, where you can request links to the full article texts.
“Is Your Annuity Safe?” — Walter Updegrave, Fortune, December 21, 2008
From the opening statement, “Despite the financial crisis, insurers are meeting their obligations”, this article details the safeguards of the annuity industry in clear reassuring language!
“Should I Dump My AIG Policy?” — Kimberly Lankford, Kiplinger.com, December 2008
Kiplinger.com Contributing Editor Kimberly Lankford discusses reasons not to dump your annuity from the troubled insurer, and what legal safeguards exist to reassure policyholders.
“Are Annuities at Risk Now?… Some Answers”–M.P. Queen, Wall Street Journal, October 28, 2008
M.P. Queen of The Wall Street Journal answers the most frequently asked questions about annuities, such as: What are they? What is the difference between fixed and variable annuities? How have annuities been affected by the financial crisis? What safety features does an annuity investment carry in case of insurer insolvency?
“Is Your AIG Insurance Policy Safe?” — Brett Arends, Wall Street Journal, September 17, 2008
In the wake of the 2008 financial crisis, Brent Arends of the Wall Street Journal offers assurances to insurance company policyholders regarding the safety of their investments, should their provider declare bankruptcy.