its a non insured fixed annuity.
thank you all for responding, i feel a little better 
Posts Tagged ‘lose’
if AIG goes under will I lose my annuity ?
11
Jul
Could I lose annuity payments?
14
May
Hello. I receive an annuity check every month from Genworth Financial, due to the loss of a parent when I was young. It’s supposedly guaranteed until 2019 – “or so long as the measuring life lives thereafter.” With an annual 3% COLA. Right now it’s a bit over $1900/month, and needless to say I’d be in some trouble if these payments were to stop.
I don’t invest in stocks, but with the financial crisis going on I’ve kept an eye on Genworth over the last few months. In September the company (GNW) was in the $15/share range. In October it dropped to around $5/share. Now I check today and GNW is trading around $1.
Is this anything for me to worry about? I’d think there would be laws in place that would force the company to stick to the contract, but I don’t know if they could go bankrupt and leave policy holders like myself without our payments. They have to pay one way or another, don’t they?
Thanks for any insights!
http://finance.yahoo.com/q?s=gnw
is it safe to invest in a fixed annuity that’s tied to the S&P Index for 10yrs. which i wont lose my princ.?
23
Mar
is this insured and if so by who.
If, on retirement, my ex uses his pension to buy a joint life annuity with my life too, do we lose the GAR?
09
Mar
We are about to divorce (he is committing adultery) and I am concerned that my husband does not want me to have any of ‘his’ pension. We have been married for 20 years, 4 children, I gave up my career to look after them, am now 51 , can’t easily get back on the career ladder and have no pension of my own. His pension could be very good, terminal bonuses and 10% GAR. He was considering a joint life annuity, including me as a financial dependent as he will be paying maintenance. But he has heard from Scottish Widows that if he does this he loses the good GAR and he is now unwilling to give me anything. Does anyone know whether Scottish Widows is still likely to pay out god terminal bonuses, despite Gordon Brown and having been demutualised and taken over by Lloyds TSB ? Would he lose his GAR if he were to include me in a joint annuity? How do divorce courts view pensions now ? anything else I should be thinking about? 3 of my children are still at home with me , 2 aged under 16.
Will I lose my fixed annuity from aig?
19
Feb
Since AIG is planning a major reconstruction, if the company goes bankrupt or is bought out by another company, will I still be able to receive my fixed annuity payments? They are supposed to be guaranteed for life. I guess I’m screwed? Help.