Posted on February 3, 2010.
Do insurance companies to publish evidence of provisions relating to annuities? Annuities supposedly for $ $. Documented?
Details Question: I heard that companies are aa guaranteed 100% or more by the AA insurance companies, not insurance companies failed to pay, even during the Great Depression. How can I get a written confirmation of the safety of annuities?
Security does not mean they are a wise "investment".
Since they typically pay a yield of 2-4%, mostly, they do not take account of inflation.
Companies are not required to publish a restraint. However, if they are allowed to do business in your state, your insurance agency the State Department has probably provided the information in the file. You can go to the office and watch it.
Or, you can go to AM Best, and obtain financial strength "rating for the company there."
Many times highly rated companies publish their assets and liabilities, of course, you can probably find their financial statements online
It is true that they are required to hold larger reserves than banks
