How Safe Is A Fixed Annuity?

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    Larry GilmorePRO
    Agent Owner, Gilmore Insurance Services, Marysville, Washington State
    How safe is a fixed annuity? It is as safe as the company you buy it from and the state you live in.  First the company you buy from, did you check to see if they are financially sound? What ratings do they have? How big are they?  Try not to make the only thing you look at the interest rate offered.  The state you live in matters because they regulate the quality of insurance products in your state and back them up to a certain extent. Check there as well for any problems they have dealt with.
    Answered on August 8, 2014
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