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No, because they are not issued by FDIC insured institutions but structures are extremely safe investments for the following reasons:
1. they are the only investment vehicle under which payments (benefits) are contractually obligated and thus guaranteed
2. The majority of issuers are fortune 500 companies with high financial ratings presenting a slim chance of insolvency
3. in the event of insolvency, a state guaranty fund pays out present value of the annuity up to $250,000 but this protection differs from state to state
4. thanks to a 1988 congressional vote and subsequent act, a holder of a structured settlement is given a position of better than a general creditor against the annuity provider
5. Finally, if you are still worried about the safety of a structure, request Secured Creditor Status, it's free and provides an additional layer of protection (highly recommended if you're placing more than 250k in a structure)
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∙ 13y ago
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Are your structured settlement annuities fdic insured?
No.
Are structured annuities FDIC insured?
Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.
Are mutual saving banks fdic insured?
are mutual saving banks be FDIC insured
Are all US banks FDIC insured?
All us banks are not FDIC insured, however most banks that are competing effectively for business are usually FDIC insured.
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
Are your structured settlement annuities fdic insured?
No.
Are structured annuities FDIC insured?
Money in a bank is FDIC insured. Money with an insurance company is actually safer than with a bank.
Is Preferred Community Bank FDIC insured?
They are FDIC insured up to $100,000.
Are CDs FDIC insured?
Yes, Iberiabanks' cd s are FDIC insured.
Are mutual saving banks fdic insured?
are mutual saving banks be FDIC insured
Are all US banks FDIC insured?
All us banks are not FDIC insured, however most banks that are competing effectively for business are usually FDIC insured.
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
Is Sovereign bank FDIC insured and for how much?
Yes, their bank is FDIC insured for up to 100,000.
Are iberiabank cd;s FDIC insured?
Yes, Iberiabanks' cd s are FDIC insured.
Is chase bank fdic insured?
Yes. Chase bank is FDIC Insured. All deposits upto $250,000 in chase deposit accounts are insured by the FDIC. Chase bank is one of the largest banks in USA and it wouldn't be so if it was FDIC un-insured
is sterling bank fdic insured?
Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.
Is GE Capital FDIC insured?
Not that I know. When you open an account they even tell you that your deposits are not FDIC insured. Not that I know. When you open an account with "GE Interest Plus" they even tell you that your deposits are not FDIC insured.
