What is the definition of Annuity Issuer?

The Annuity Issuer is the Insurance Company that sold and issued a specific annuity. The Annuity Issuer is bound by law and responsible in ensuring that whatever amount they have promised in the annuity contract is paid at the annuity payments should start. The stability, financial soundness and strength of the annuity issuer are important for you to ensure that you get the money you need, when you need it.

Also, when determining the annuity issuer, check that company's solvency (or its ability to pay off its claims) and reserve level. Check the present and maturing obligations to see whether it is at a surplus. It is also important for the company to show how it invests the money entrusted to them. The annuity issuer should also have a firm reputation for integrity and the commitment to put the needs of the customer (that is, you) first.

• Competitive State Fund
• Excess and Surplus Lines
• Commission
• Businessowners Policy / BOP
• Employer’s Liability