1. 61667 POINTS
    Steve SavantPRO
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    An annuity contract is only as safe as the company who issued the policy. High ratings with a significant balance sheet can offer the financial stability and strength when it comes time to pay claims. There are six rating services that monitor life and annuity companies. it's prudent to review those ratings before making any purchase.
    Answered on September 5, 2013
  2. 440 POINTS
    Albert Rasmussen
    owner, retireright, sc
    Its based on the strength rating reserves of the insurance company. If all the proceeding steps are met than, yes! The hybrid annuties have several options such as. Using to pay for long term care insurance. In most cases probate on your estates can be eliminated on your money. Tax deferred income is an important bonus. Speaking of bonuses, some company pay nice bonus up front.
    Answered on September 2, 2014
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