Tips for Buying Annuities from Money Magazine

Walter Updegrave, editor of Money magazine, recently wrote about the conventional wisdom of annuities being a safer investment and wondered if that is still true today. He believes that an annuity continues to be a good option, but that you need to keep several guidelines in mind when you compare annuities.Number one on your checklist is to make sure that the insurer you buy your annuity from is healthy and solvent. If an insurance company fails, you will lose whatever money you put in it.... Read More

Kiplinger’s: Don’t Worry About AIG Annuities

In Kiplinger's Personal Finance magazine, Kimberly Lankford advised individuals with annuities or life insurance policies from AIG to sit tight. Despite the well-publicized struggles of its other divisions, the life insurance subsidiaries are mostly unaffected and currently have an A rating from A.M. Best (under review with negative implications).  State capital requirements mean that AIG has enough money in reserve to pay claims.Variable annuities from AIG (e.g. the Vanguard variable... Read More

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