Is a fixed annuity safe?

Yes it is safe, historically, industry regulators require annuity companies to save the majority of their assets in fixed income. An annuity company's financial security is \u003ca href='https://www.immediateannuities.com/insurance-company-ratings/' target='_blank'\u003erated by various ratings agencies such as A.M. Best, Standard and Poor’s, and Moody’s. These rating agencies look at the finances and obligations of insurance companies to determine their financial stability. That being said, historically, annuity companies have been risk averse entities that have performed well during times of economic hardship.","reminder":"\Reminder: It's very important to check your insurance company's ratings before you decide to purchase an annuity from them.