Are annuities FDIC insured?

Annuities are not FDIC insured, however, state's guaranty associations provide some protection. In some states, the benefit level is $250,000 in present value of annuity benefits, including net cash surrender/withdrawal values. State life and health insurance guaranty associations, are state entities created to protect policyholders of an insolvent insurance company. All insurance companies (with limited exceptions) licensed to sell life or health insurance in a state must be members of that state's guaranty association. Annuities are insured at the state level, some states have set limits higher than $250,000.","reminder":"\Reminder:Annuity products fall under the 'life license' category. Long term care products fall under the 'health license' category.