"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 excellent discussion of the types of risks and ways to manage them is at http://en.wikipedia.org/wiki/Financial_risk_management
But to answer your question, I believe that during a depression annuities are the safest vehicle relative to all others, for a number of reasons. Annuity companies are required (by most states) to hold reserves nearly ten times that of banks. Most have a minimum rate, to protect against inflation risk, making them superior to cash under the mattress. Most have favorable liquidity option which, paired with the higher reserving requirements, helps reduce liquidity risk, that is, the risk that you won't be able to get at your money when you need it.
Annuities can provide a level of safety during a depression as they offer a guaranteed income stream over a specified period or for life. However, the safety of annuities can vary based on the financial stability of the insurance company issuing the annuity. It's essential to research and choose a reputable and financially secure company when considering purchasing an annuity during uncertain economic times.
The accumulation period for immediate annuities is typically very short or even nonexistent. Immediate annuities start making payments to the annuitant shortly after the initial lump-sum premium is paid, usually within a month.
Guaranteed annuities are typically protected from creditors in some states, known as "judgment-proof." This protection varies by state law and the type of annuity involved. It's important to consult with a legal professional familiar with your state's laws to understand how annuities are treated in the event of a judgment against you.
In the state of Georgia, annuities are generally protected from creditors and are considered to be judgment proof if they meet certain criteria set by state law. This protection applies to qualified annuities, which are typically purchased through retirement accounts such as IRAs or 401(k) plans. Non-qualified annuities may have limited protection under certain circumstances. It is advisable to consult with a legal professional for specific advice on protecting assets from creditors in Georgia.
It is possible to get a license to sell annuities in Ohio with a felony, but it will depend on the nature of the felony, how recent it was, and other factors. You would need to disclose your felony on your license application and undergo a review by the state insurance department. Each case is considered on an individual basis.
You can learn more about pension annuities by reaching out to your pension provider, consulting a financial advisor specializing in retirement planning, or researching reputable financial websites and publications. They can provide information on how pension annuities work, the types available, their pros and cons, and how to choose the right option for your retirement income needs.
areinsurance annunities safe and what are the charges on them
Yes
is my IRA annuity safe from creditors and mortgage foreclosure
Most insurance companies sell annuities which are usually associated with them. Fidelity.com is one site where you can learn about annuities. While these are safe investments they aren't really considered high yielding.
Three types of Insurance Annuities are variable annuities, fixed annuities and indexed annuities.
A variable annuity is not safe if you can't afford to lose money. A fixed annuity may not be safe if you can't afford not to make reasonable stock market type return.
Generally speaking, an annuity company's guarantees are as safe as the company. Every state's insurance department monitors the assets of those companies that are doing business in their state to make sure that they'll be able to meet their obligations. As far as I know, American Equity is a legit company but check with your state's department of insurance/annuities to make sure they are approved to sell annuities in your state.
Nationwide offers the following annuities: Variable annuities, immediate annuities, fixed annuities and fixed indexed. For more information one should contact Nationwide.
YES
Here are some sentences.Their annuities paid them dividends.Everyone contributed to their annuities.
Migration rose during the Great Depression.
Yes, there were bicycles during the great depression.