When buying an annuity, it’s very important that the insurer providing the product is stable. Doing so minimizes the risk that you will lose part or all of your investment. Ratings are a good way to find out about a company’s strength. Here are TheStreet.com’s …
MarketWatch reports that Moody’s has lowered its ratings for Hartford Financial. The annuity provider’s life insurance business was downgraded to A1. This means Hartford no longer is high-credit-quality. Future downgrades could be forthcoming, since Moody’s also has a negative outlook for Hartford. A Hartford representative …
A recent press release by A.M. Best announces that they have revised their rating of Nationwide Financial Services to negative. Nationwide’s rating had been stable. A.M. Best says that the downgrade are is largely due to the fact that the firm’s financial performance is heavily …
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 …
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