Summerlin Benefits Consulting Q&AAnswer
Jan 23, 2024 - 06:51 AM
Fixed Index Annuities policies are not protected by FDIC. They are protected through both the in force contract between you and the insurance company and several layers of Federal and State Regulations so that consumers do not have to worry about their money being at risk of default. With the many regulations surrounding these companies and these policies, some consumers believe that annuities are even "safer" than money sitting in a bank account under FDIC protection.
