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annuity insurance

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity, What To Watch Out For,

Credit Rating Agencies: Which One Should I Trust?

    When you’re looking through different annuity selections with your financial advisor or consultant, knowing which insurance offer to trust makes a big difference. Credit rating agencies rate insurance companies with a grade or percentage. This score assigned to each independent insurance agency indicates that company’s ability to pay policyholders’ claims.   The Big Four: A.M. Best, Comdex, Moody’s, and Standard & Poor’s   Financial rating services such as A.M. Best, Comdex, Moody’s, and Standard & Poor’s rank insurance companies based on their financial strength and stability. Before you invest in an annuity, check that annuity’s insurance provider’s ranking. These financial rating agencies are independent and they all have their own rating scale based on their own standards. Which rating service should you use?

Annuities For Growth, Fixed Annuity, Income Annuities, Index Annuity, What To Watch Out For,

Who Can You Trust With Your Money: FDIC Insured Banks Vs. Annuities

  FDIC Vs. Insurance Providers: Are You Protected? The federal government requires banks to keep 10% of your CD in reserves. 10 cents of every dollar you’ve deposited is in your banks reserves. This goes for money market accounts as well as any money that you put in your bank account. On the other hand, state insurance commissioners regulate annuities. This creates a major difference because insurance companies have to keep 100% of your annuity. That means 1 dollar for every dollar of your investment. According to Forbes, if you wanted to take your annuity out of the insurance company and liquidate that asset, you would walk away with the current value of the annuity plus the current value of future obligations on those contracts. Breaking It