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annutities security

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armaman | 12:52 Wed 08th Oct 2008 | Business & Finance
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If one is receiving an annuity payment each month is this guranteed the way a bank deposit is or is it limited to a given percentage
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Avatar Image R1Geezer
it is guarenteed to pay according to the conditions when the annuity was bought. Generally companaies providing annuities tend to take various measures to ensure the funds, usually by buying government gilts so they are guarenteed by the government in effect.
13:32 Wed 08th Oct 2008

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