Annuities have long been considered the safe investment alternative especially for people who are most concerned about securing their retirement income. Life insurance companies have been issuing annuities since the 19th century. Since then, even during times of the most difficult economic conditions such as the Great Depression, no annuity owner or beneficiary has ever lost a cent of their investment. Life insurance companies have always been considered to be the most rock solid of all our financial institutions, and, while there have been a few instances of insurers wavering on insolvency, the life insurance industry has always taken care of its own by propping up or buying up troubled companies.
While there is every reason to be cautious in these tumultuous economic times, when all factors are considered, and every aspect of the underlying safety of annuities are fully explored, the fact remains that annuities provide a great degree of safety of any investment.