Are Fixed Indexed Annuities safe and insured?
A- Yes. There are several safeguards to investing in life insurance companies. Please visit www.safemoneyplaces.com/annuity.htm for a detailed third-party discussion. Every life insurance product (Fixed Indexed Annuities are life insurance contracts) are federally regulated. This means that the U.S. Government requires that insurance companies maintain $1 in a policyholder reserve account for every $1 that the insurance company is at risk with an insured’s money. Also, the U.S. Government requires that life insurance companies “cross insure one another” making it unwise for any insurance company to willingly facilitate another insurance company to “go out of business”. Lastly, the U.S. Government requires that every State of the Union have an “Emergency Fund” that insures contracts up to $300,000 in some States. Each licensed insurance company within the State must contribute to this fund. No person has ever lost money in life insurance since its inception over 150 years ago. To add a
