Let me just be a jerk for a minute (as if that’s unusual 🙂 )
Please send me the list of Annuity companies that have gone out of business in the last 100 years and not paid their policy-holders every cent that is due to them.
Keep looking, I’m patient, I can’t wait. (Jeopardy Music Playing softly in the background)
Uh, what’s taking you so long….come on, with Google everything you need it one search away. Why can’t you find any companies….send me the list!
Oh yeah, that’s right……THERE AREN’T ANY.
How in the…..?
I can hear your thoughts folks, that’s what doing over 1,000 financial plans with do for a person.
Annuity companies are NOT ALLOWED to leverage their money
They can’t take $100,000 from you and lend out $900,000 like the banks can…..they have to be WAY more conservative.
Between having to have all of your money all the time, having to pay for reinsurance, state guarantee funds, hungry attorneys, needing to stay competitive, blah, blah, blah….insurance companies are the safest place to put money OF YOUR CHOICES. I’m not saying anything is 100% safe…..I’m just saying if you’re going to put your money somewhere (Banks, Brokerages or Insurance Companies) that this is your safest option.
- Banks DO go out of business
- Brokerage accounts lose money all the time
But Indexed Annuities with Reputable Insurance companies DO NOT lose money and HAVE NOT gone out of business.
Drop the keyboard, Charlie Jewett….OUT!
To your amazing retirement,
Author, Speaker, Podcast Host and Whistle-Blower
What you can look forward to next week!
Annuity Myth #6: Annuity Companies Will Keep All of My Money If/When I Die