What Does Warren Buffett Say About Annuities?

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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

   Warren Buffet's company Berkshire Hathaway Inc.entered into the annuity market in a deal with Cigna Corp earlier this year. The purchase drew significant speculation that Warren was high on annuities. But most analysts agree Warren's foray into annuities was an income play on a block of existing annuity contracts, not an endorsement of them.

   Answered on September 6, 2013

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