Indexed Annuities (For Dummies)
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If everyone else's "mutual funds and stocks" went down, so would the value of the insurer's general account. The health of ANY fixed annuity [indexed or not] is irreparably tied to the health of the insurers general account. You have maximal business risk, because your entire nest egg hinges on the health of one company: the insurer.
And, lest one be inclined to think a huge insurance company cannot face financial woes, never forget AIG.
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some good info here, thanks for the video. Will have to call you soon for some extra help
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AIG collapse had nothing to do with the health of it's insurance division.
Also, insurance companies are required to hold higher reserve accounts, unlike banks.
TheAnnuitycampus 2 months ago