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Author: aj485 Big gold star, 5000 posts Feste Award Nominee! Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75538  
Subject: Re: annuities 101 please Date: 2/2/2009 7:47 PM
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Can you cite even ONE case since WW II where a US annuity holder has lost money?

http://www.ins.state.pa.us/ins/cwp/view.asp?a=1285&q=539...

Life & Annuity Blocks
All active life and annuity policies have been assumed up to guaranty association's limits
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On October 13, 2004, the Commonwealth Court approved the Liquidator’s petition for a final distribution to affected policyowners and the discharge of the estate.

Through a series of distributions since 1996 the Liquidator made a 89.3% total distribution to policyowners via ACACIA.


So, annuity holders in excess of annuities valued at $100k lost 11.7% of their value.

AJ
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