Confidence Is Breaking Down

The insurance stocks are crashing. I'm concerned that those with fixed annuities and cash value life insurance are at risk. It is time to consider if the right move is to pull out now. A run on annuities may result in insurance companies limiting withdrawals. If your insurance company goes under you can lose 100% of your annuity. Variable annuities are held in "separate accounts" of the insurance company and are less vulnarable to the company's default. By God, do not invest new money in annuities of any kind, if you can withdraw with little penalties please consider it carefully. We are living in unusual times, please protect yourselves.-Lou