Are annuity companies safe?

Highly rated annuity companies can be among the strongest financial institutions in the world. They operate under a dollar-for-dollar legal reserve system which ensures they have financial reserves backing more than 100% of their liabilities. Additionally, they are audited independently by every state in which they operate, providing oversight of their financial stability. Moreover, annuity companies must invest the majority of their assets in US Government Bonds, investment grade corporate debt, and mortgage backed securities. Only a small portion of their assets may be invested in the stock market.","reminder":"\Reminder:The insurance backing the annuity is generally safe no matter the market backdrop, as the insurance industry is highly regulated and required to hold a certain amount of reserves to meet liabilities.