How Are Annuities Protected?

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    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
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