Daily Archives: Sat April 30

Are Annuities Safe?

Annuities Agent Pittsburgh SewickleyAnnuities have long been considered the safe investment alternative especially for people who are most concerned about securing their retirement income.  Life insurance companies have been issuing annuities since the 19th century. Since then, even during times of the most difficult economic conditions such as the Great Depression, no annuity owner or beneficiary has ever lost a cent of their investment.

Life insurance companies have always been considered to be the most rock solid of all our financial institutions, and, while there have been a few instances of insurers wavering on insolvency, the life insurance industry has always taken care of its own by propping up or buying up troubled companies.

But “times are different” you might say. After all, it took the federal government to bail out one of the largest insurers in the world (AIG), which has billions of annuity deposits. […]

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