Does Fdic Insure Annuities?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    No, the FDIC does not insure annuities. As a non-deposit investment that may be offered by banks, annuities are not insured by the Federal Deposit Insurance Corporation. However, annuities (including those offered for purchase through banks) are regulated by state insurance regulators. Historically, these regulations have been very strict and annuities have proven to be very safe.
    Answered on August 12, 2013
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