Yes, insurance companies are the only
financial institutions that may underwrite and issue annuity contracts. Fixed
Annuity values are backed by the general assets of the insurance company.
The
Department of Insurance in each state must issue licenses to the insurance
company and their agents who solicit business in that state.
Choose an
annuity that is issued by a highly rated insurance company, that has been in
business for a long time, and one that you are comfortable with.
