Generally, when an insurance company goes bankrupt, the guarantees that are being offered on the contract are gone. For instance, if you have a death benefit, or a income guarantee, those will usually be lost. As for the money you've invested in the variable annuity, if your money is invested in the sub-accounts (the various investments that are usually managed by mutual fund management whose names you will usually recognize), that money is still being managed by those companies, and is separate from the now bankrupt insurance company. That is the long way of saying, your money in the sub accounts is safe. However, if you have money in the fixed interest account, that is usually held by the insurance company, and that money may be in jeopardy.
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
No, variable annuities for insurance do exist although they are rarer. The companies then invest the money in stocks so just be aware of that. Best of luck with your annuity search.
Yes
ING variable annuities are long-term investments typically used for planning for retirement. The insurance company pays the insured but the value of the fund fluctuates with the market and isn't guaranteed.
1
Transamerica variable annuities are some of the most common available from this company. Transamerica does offer fixed annuities as well, though they offer.The Transamerica family of companies is your resource for fixed and variable annuities, mutual funds, and life insurance
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
ING variable annuities are annuities offered by the company ING which have variable rates of return. This is in contrast to fixed annuities which offer some sort of guaranteed rate of return over the life of the contract.
Allianz is a life insurance company. They offer fixed life insurance, but not term life insurance. They also offer fixed, fixed indexed, and variable annuities.
No, variable annuities for insurance do exist although they are rarer. The companies then invest the money in stocks so just be aware of that. Best of luck with your annuity search.
Yes
Annuities are purchased from insurance companies. The insurance company take the money and invests it to try to make more money for the investor. They pay the buyer back in installments.
A Variable Annuity is an insurance contract in which at the end of the accumulation stage, the insurance company guarantees a minimum payment. The remaining income payments can vary depending on the performance of the managed portfolio.
ING variable annuities are long-term investments typically used for planning for retirement. The insurance company pays the insured but the value of the fund fluctuates with the market and isn't guaranteed.
No I did not.
One might find information regarding life insurance annuities online at various websites. One can find information about life insurance annuities at insurance company websites such as Nationwide and MetLife.
1