Yes, Annuity Issuers Can Fail
February 5, 2024 by Allison Bell
One of the most important jobs an annuity advisor can perform is to help clients assess the soundness of the annuities being considered.
Analysts at rating agencies like Fitch and S&P Global Ratings say that the annuity issuers they rate are some of the strongest, best-capitalized companies that their firms track. During recent quarterly review sessions, the analysts struggled to add some drama to their presentations.
Wink’s Moore on the Market: I am getting an education on the guaranty fund association!
“In California, for example, the guaranty association can cover up to $250,000 in individual annuity value, but only after subtracting 20% of the original value, Richter-Gordon said.”
What does this even mean Michelle Richter-Gordon?