Are Structured Annuities FDIC Insured?

No, FDIC or the Federal Deposit Insurance Corporation covers deposits in banks, not in annuities. The FDIC can be an agency of the US government that works to protect banking institutions and their depositors. It will pay back again the depositor up to a specified amount in the event the insured bank or investment company goes belly up and can’t surrender the depositor’s money. Again, organized annuities do not fall under the protection of the FDIC.

The entity that “insures” or guarantees the payment of the structured annuity (or any type of annuity for example) is the annuity issuer. In most cases, the annuity issuer is the insurance company. However, most areas have what’s called the Guaranty Fund. All insurance firms in that state are required to contribute to this finance. In the rare event that an insurance company goes belly up (, and again, why don’t we stress that this rarely happens), the guaranty fund shall answer for the money owed for you. It is important to note, though, that the guaranteed payments are limited and could vary from one state to some other.

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That said, insurance companies are rather steady institutions because they pretty much invest in the “safer” investment options. Depending about how the state regulates the investments of the insurance companies, an almost all the money goes to solid investment vehicles such as bonds. Some state governments may also reduce what percent of the money may be invested in other investment vehicles such as stocks and shares, real estate and so on.

However, to be on the safe aspect really, you must do your homework to see which insurance provider is where for your cash. Look at the insurance company’s credit rating. A. These ratings are given by credit bureaus such as Standard & Poor’s or Moody’s and present a sign of the financial stability and health of the institution. Study the company’s reputation. Does it have the trustworthiness of paying statements or of denying them quickly? How are their investments made?

In fact, I’d say that it was President Clinton who screwed it up in the first place when he installed military bases in Saudi Arabia. The Bush administrations’ a reaction to 9-11 was a catastrophic failing and further radicalized thousands of Muslims throughout the center east and led to the revolts in Syria, Libya, and Egypt.

Obama was to get out of Iraq, and I think we should get out of the Middle East entirely and let them sort out their issues without our intervention. For your last “super power” question, I think we have enough veterans in our arsenal to back off a little and focus on home problems for awhile. Mybillypilgrim you are forgetting background either deliberately or re-writing it.

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