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Originally Posted by chinaco
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.
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According to Moody's the 20-year cumulative default rate for a Aaa rated company is something like 1.5-2%. If you're hoping to beat the insurance company by living 30-40 years, that default probability will only go up.
If I were buying an annuity of any meaningful size, I'd split my money between a handful of insurance companies just to be safe.
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