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What do the ratings for annuity providers indicate?

April 26, 2017Annuity indicate ratings

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What do the ratings for annuity providers indicate?

1 Answer

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Ratings indicate the relative financial strength of insurance companies. The two largest rating agencies, A.M. Best and Standard & Poor’s, use their own individual criteria to grade insurance providers. Because the federal government does not guarantee annuity products, prospective buyers should use these ratings to gauge risk.