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Are insurance company annuities safe?

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What is the use of annuities in insurance?

Answer . I can answer from a claims perspective. I have settled many claims with minor children using annuities. For example a 10 year old child is hurt in a car accident,

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I have insurance with State Farm and pay by monthly deduction since  that fits my cash flow best. Every month I get a call from Safe  Auto telling me that my coverage has la

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Annuities are purchased from insurance companies. The insurance company take the money and invests it to try to make more money for the investor. They pay the buyer back in i

Are annuities safe during depression?

  "Safe" is a relative term. No financial vehicle is entirely safe because there are a number of risks to your money, inflation risk, market risk, credit risk, etc. An exc

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Generally, when an insurance company goes bankrupt, the guarantees that are being offered on the contract are gone. For instance, if you have a death benefit, or a income guar

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"In the U.S. an annuity contract is created when an insured party, usually an individual, pays a life insurance company a single premium that will later be distributed back to

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  My experience with them has been a nightmare. I signed up for an annuity with a 5% guaranteed growth per year no matter what the market did. However if the market did be

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How is your Annuity insured?

Usually it is backed by the financial strength of the issuing insuance company. Answer 2 But more usually government bonds are bought to cover the payments to be made by th

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Life insurance protects one's beneficiaries against financial loss as a result of the purchaser's dying too soon, while annuities protect purchasers against financial loss as

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Before purchasing health insurance through a private provider online, be sure to check their credentialse with the Better Business Bureau. Even if all information is still saf

How do you get a claim form for Monumental Life Insurance Company for an annuity policy?

If you have an agent I would contact them for this information. If not you can contract the company directly and they can provide whatever you need. You may even be able to do