- Net Advisor™Lv 71 decade agoFavorite Answer
I would be careful about annuities right now. ALL of the insurance companies except USAA are in worse financial condition than the banks.
The gov does not guarantee insurance products. Only the insurance companies back their own products. Insurance companies are trying to raise capital to stay afloat.
examples: AXA, AZ, HIG, ING, AIG, Fortis.
Also, you should ask and see it in writing that any cash position is FDIC guaranteed. If not, I would not be in it.Source(s): --- fmr insurance broker (life/ annuity) (see bio.)