Annuities

Yes, that’s the quick answer. At the state level, annuities are regulated and safeguarded from abuse. All insurance companies in a given state are required to join a nonprofit guarantee group. The other members of the guaranty association assist in the case that a member company fails. All 50 state organizations safeguard at least $250,000 […]

Many investors don’t give much thought to how they can keep their money safe. In spite of this, asset protection against present and future creditors is a big concern for many people in high-risk occupations. Creditor protection is possible with annuities, but you must check your state’s laws to see if and how much your

Those who live in California are protected by the state’s asset protection legislation. Unmatured life insurance plans, such as annuities, are exempt from federal taxes if the policyholder is a person or married couple. A money judgment can be enforced in excess of certain limits. “‘ To the degree necessary to support the debtor and

Among asset-protection products, annuities are the most widely used. Annuities and annuity proceeds are shielded from creditors under Florida Statute 222.14. Generally speaking, an annuity is a contract that stipulates that a beneficiary will receive payments over time in the form of a set amount of money. Annuity contracts come in a variety of shapes