Investment company

Submitted by Stanley Lee on Mon, 2017-06-12 15:45

I live in California. What happens to my fixed annuity investments if the company goes bankrupt?



Submitted by Stanley Lee on Mon, 2017-06-12 16:06

Is it wise to invest a large sum of money (over 200k) in one company?

Submitted by Alan - IRA critic on Mon, 2017-06-12 17:09

  • The CA state guarantee fund provides coverage up to 80% of the annuity present value or 250k, whichever is less.
  • http://www.califega.org/faq.cfm
  • I would certainly not exceed the 250k limit for a single insurer.

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