Are Series EE savings bonds covered by FDIC?
Sam: No. Sue: Only bank accounts are covered by FDIC insurance. But don’t worry, all Savings Bonds and I Bonds are backed by the full faith and credit of the United States Treasury. Q: I live in South Carolina. If my state only insures annuity policies up to $100,000, but I have $145,000 to invest, would I be covered if I bought two of the same policy. It is a index deferred annuity with [a carrier]. Sam: Let’s split your question into two parts. If the state guaranty fund covers $100,000 of annuity cash value per carrier, and you put $145,000 into 1, 2 or 10 policies with the same company you are still only covered for up to $100,000 in total. The coverage limit normally is for each carrier, never each policy. Sue: But you live in South Carolina where up to $300,000 of annuity values are covered according to http://www.sclifega.org/faq.php . So even if the $145,000 was in a single policy it would fall within the guaranty limits. Q: Where can I find an insurance company’s rating? Sam:
