Juliette Fairley - What should you take into account when choosing an annuity provider?
In this video, Juliette Fairley advises that anyone considering an annuity should thoroughly research the issuing insurance company, ensuring it is solvent, financially stable, and highly rated—information that can be verified online or with a financial advisor.
Video Transcript
If a person is looking into purchasing an annuity, I would highly recommend that they investigate the insurer. The insurance company that's going to be issuing the annuity and that is going to be housing the annuity within its investment vehicle. So you want to make sure that the insurance company you're dealing with is solvent and financially stable. These are very, very important points to consider when you're choosing an insurer.
Because there's many, many insurers to choose from. And they're rated. They can also be rated. So you want to pick an insurance company that's highly rated.
And that's something that you can talk to a financial advisor about or you can talk to somebody who sells annuities or you can do your own research online. But you definitely wanna check out the insurance company, make sure it's highly rated, make sure that it's solvent, and that it is financially stable. And these are all records available to somebody who's potentially going to buy an annuity.
