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Life or annuity insurance companies that have gone bankrupt in the last 10 years?
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∙ 13y ago
AIG
Wiki User
∙ 13y ago
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What is immediate annuity and what is it used for?
An immediate annuity is something that will give you a stream of income for life. You can purchase them from insurance companies. They are great because even if you live to be 120 years old you will still get payments.
Is a fixed annuity invested in only bonds?
A fixed annuity is invested with the insurance co who then invests in a variety of things. All you need to worry about is that with a fixed annuity it is all guaranteed and there is zero risk. Currently you can get a guarantee of 6% interest for 10 years at a period of time when banks and the FDIC are failing and the market is down. Insurance companies are your safest bet as they know how to manage risk.
Which insurance company can offer a good annuity?
Allianz Life Insurance of North America has been a leading company for many years.
Is there a list of commercial insurance companies and their financial rankings which at one time were a rated A by AM Best and have gone bankrupt in the last 20 years?
That information can be found at http://www.ambest.com/ratings/methodology/impairment.pdf Moodys and Standard and Poors publish similar information as well for the insurance sector.
Income from a 300000 annuity?
I think that you mean income from a 300,000 capital lump sum. Correct? An annuity is when your capital is used to buy an income for life. There are two forms of annuity, purchased and compulsary. Purchased means you take your savings and buy an income for the rest of your life. A compulsary annuity is when your savings have been accrued in a tax exempt pension sceme and therefore you have NO CHOICE about buy an annuity with them. Okay, whatever the type of annuity, you get the choice of what type of annuity you buy as follows:- (1) Straightforward annuity. No guarantee. When you die, the income ceases. (2) Guaranteed annuity. The income would be paid for 5 or 10 years whether you were alive or dead. If the latter, it would be paid to your estate for the residual period of the guarantee. (3) Joint life annuity. If you are married and were to die first, the income would be paid to your wife until she died. (4) Indexed linked annuity. The income would be increased at a maximum of 5% per year to offset increases to the cost of living. Note that each time you add sophistication to your choice of annuity, the start level of the annuity would be lower. Also note that annuity rates fluctuate in line with bank interest rates. You should shop around to find the highest annuity payer as rates differ between different insurance companies.
What Annuity is best if you are dying and you want to guarantee payments to spouse for 20 years?
annuity payments can be structured for 20 years certain or other term/period certain payouts. Other optional annuity forms of payouts are also available from insurance companies underwriting annuity contracts such as life and joint/survivor payout options.
What is immediate annuity and what is it used for?
An immediate annuity is something that will give you a stream of income for life. You can purchase them from insurance companies. They are great because even if you live to be 120 years old you will still get payments.
Is a fixed annuity invested in only bonds?
A fixed annuity is invested with the insurance co who then invests in a variety of things. All you need to worry about is that with a fixed annuity it is all guaranteed and there is zero risk. Currently you can get a guarantee of 6% interest for 10 years at a period of time when banks and the FDIC are failing and the market is down. Insurance companies are your safest bet as they know how to manage risk.
Which insurance company can offer a good annuity?
Allianz Life Insurance of North America has been a leading company for many years.
What is a insurance 770 plan?
A 770 insurance plan is a whole life insurance plan. The life insurance plan is set up as an annuity. When seven years of premiums are paid the plan will pay for itself.
What house furnishings companies went bankrupt in recent years?
Westpoint Stevens, Dan River Inc. and
Is there a list of commercial insurance companies and their financial rankings which at one time were a rated A by AM Best and have gone bankrupt in the last 20 years?
That information can be found at http://www.ambest.com/ratings/methodology/impairment.pdf Moodys and Standard and Poors publish similar information as well for the insurance sector.
After Bankruptcy discharge you were named as a beneficiary to a life insurance annuity but you deferred payment for 5 years Do you have to tell the trustee about this?
yes
How long does a ticket stay on your insurance?
3 years with many insurance companies.
What service does Protective Life provide?
Protective Life for over 100 years have been offering to companies, individuals and families many different kinds of life insurance policies, retirement and annuity polices and also asset protection policies.
What are the best Canadian insurance companies that deal in long term insurance?
There are a number of Canadian insurance companies that deal in long term insurance. Two of the better known companies include Senior Years and Manulife.
What companies provide travel insurance for people over 75 years of age?
Some companies that provide travel insurance for people over 75 years old are Good to Go Insurance, Columbus Travel Insurance and Insure for All Insurance. You can also contact your travel agent or health insurance company for other travel insurance companies
