Monday, August 25, 2008
Protecting Insurance Co. Annuity Funds
Many people are worried about the security of their money on the heels of the recent bank failures.
But Carl of Perry Hall, Md., said he is worried about something else.
"What concerns me more are funds that I have tied up in insurance company annuities," he writes in an e-mail. "These funds represent about one-third of my capital assets." Most deposits at banks are insured by the Federal Deposit Insurance Corp., of course. What protection, he wonders, is there for insurance companies and their customers?
Protecting Insurance Co. Annuity Funds
Source: Courant.com
But Carl of Perry Hall, Md., said he is worried about something else.
"What concerns me more are funds that I have tied up in insurance company annuities," he writes in an e-mail. "These funds represent about one-third of my capital assets." Most deposits at banks are insured by the Federal Deposit Insurance Corp., of course. What protection, he wonders, is there for insurance companies and their customers?
Protecting Insurance Co. Annuity Funds
Source: Courant.com
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