Early Retirement & Financial Independence Community - View Single Post - What happens if lifetime annuity issuer goes bankrupt?

chinaco · 05-12-2007, 04:43 PM

Best defense is a good offense... Pick an insurer that is rate the equivalent of triple A by all major rating agencies. If they passed the inspection of all of them... they should be solid.

Northwestern Mutual would be a good choice. There are only a few!!! not sure of the exact amount... but probably about 10 insurers in this category.

I am considering NWM as the company if I purchase one. Of course, several things will need to line up for me to make that decision. The first is interest rates... The other is age. I doubt I would consider the purchase until sometime in mid 60's

05-12-2007, 04:43 PM	#4
chinaco Thinks s/he gets paid by the post Join Date: Feb 2007 Posts: 3,052	Best defense is a good offense... Pick an insurer that is rate the equivalent of triple A by all major rating agencies. If they passed the inspection of all of them... they should be solid. Northwestern Mutual would be a good choice. There are only a few!!! not sure of the exact amount... but probably about 10 insurers in this category. I am considering NWM as the company if I purchase one. Of course, several things will need to line up for me to make that decision. The first is interest rates... The other is age. I doubt I would consider the purchase until sometime in mid 60's __________________ Planned FIRE Summer 2011 Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.