Are fixed annuities safe?

Fixed annuities are financial products that are provided and and managed by a life insurance company. State life Insurance laws specify what kind of investments the insurance company can use to create a return which is used to pay the investor. They also set reserve requirements that all insurance companies must meet in order to do business in that state.

Safety of the investment depends on the financial strength of the insurance company. All life insurance companies are graded on their financial strength by entities like Standard and Poors, Moodys, A.M. Best and Weiss Ratings. Tyme Retirement Services only uses the insurances carriers with the highest grades in the industry.