Who Guarantees Fixed Annuities?

  1. 63333 POINTS
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    Peggy Mace
    Most of the U.S.
    The guarantees for fixed annuities are made by the insurance company offering the annuity. When you purchase an annuity, you are purchasing a contract in which the obligations of each party (you and the insurance company) are spelled out. Their obligation is to set and honor the guarantees in the contract.
    Answered on September 19, 2013
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    An annuity is backed by the assets of a life insurance company. The life insurance company is supervised by the insurance commissioner in the state where they are domiciled. In most cases there are provisions to make sure that all promises are kept to policyholders that involve other insurance companies as well. Then the insurance commissioner in your state supervises the same annuity to make sure you receive what has been promised.
    Answered on September 8, 2014
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