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Originally Posted by 3 Yrs to Go
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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Not a bad idea... especially if one is investing a large amount of money.
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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.
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