What Happens To An Annuity If An Insurance Company Fails? Authored by Anne Johnson via The Epoch Times (emphasis ours), Most people see annuities as a haven for their money. The guarantee of a monthly income lends a feeling of security during retirement. But what if the insurance company holding your annuity fails? What happens to your nest egg? Although not a common occurrence among life insurance companies, insurance insolvency can happen. Is There a Federal Safety Net for Annuities? The federal government provides $250,000 insurance through the Federal Deposit Insurance Corporation (FDIC) for banks. But, unfortunately, if the company… — Continue at ZeroHedge News : Read More
