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    David RacichPRO
    Fountain Hills, Arizona
    Annuities are offered by an insurance company. The annuity policies are not FDIC insured. The annuity contract is as good as the financial strength of the issuing annuity insurance company to pay annuitization benefits or cash surrender the contract. It’s important to review the ratings of the carrier and have your accountant review the carrier’s balance sheet.
     
    Answered on June 12, 2013
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