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    • She paid an insurance company $99,000 to generate retirement income for life. Then it collapsed.

    May 27, 2026 by Gretchen Morgenson

    Wink’s Moore on the Market: If you have read “These Are the Plunderers” by Gretchen Morgenson, you’ll find a familiar face behind this piece.

    In this article, Gretchen (of NBC News) breaks down the insolvency of PHL Variable Insurance Co.

    It is definitely worth a read. -sjm

    ………………………………………………………………..

    When Annie Benjamin invested $99,000 in an annuity 10 years ago, she trusted the insurance company to provide her with retirement income. She also relied on the company’s regulator to ensure the insurer could meet its obligations. Read at NBC News

    Originally Posted at NBC News on May 20, 2026 by Gretchen Morgenson.

    Categories: Industry Articles
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