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