How Are Annuities Protected?

1. 

   61667 POINTS

   view profile
   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   Tax deferred annuities have no government protection. A tax deferred annuity is only as protected as the contract states. And the contract is only as binding as the financial stability of the life insurance and/or annuity company to make good on the contract. It's important to understand the company's rating and financial strength before entering into the contract.

   Answered on July 27, 2013

   flag this answer
Did you find these answers helpful?
Yes
No
Go!

Add Your Answer To This Question

You must be logged in to add your answer.