How safe are annuities right now, especially since they are not FDIC insured? Annuities are not FDIC insured because they are not bank accounts. They are insurance contracts between an individual and an insurance company. Therefore, the safety of annuities depends on the financial strength and stability of the insurance company offering them. #shorts #annuities #annuity #bankfailure #retirementsavings... ( read more )
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An annuity is a popular investment option that provides guaranteed income to individuals during their retirement years. An annuity is usually bought from an insurance company, and the payments to the investor are made monthly or annually. However, many people worry about the safety of their annuity investments in the event of a bank failure. This is a valid concern, as annuity ...
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