3-Year Annuity
Hi Terry, I just applied for a 3-year annuity (New York Life). I chose it because the rate was higher than the 3-year treasury or CD rate. I’m hoping this was a safe choice. Your thoughts? Thanks!
Terry Says
New York Life is a highly rated insurance company. You’ll probably be fine there. But, in general, insurers do not have Federal deposit insurance as a backing for their products. They onky have state guarantee funds, which are not funded.
