Are Annuities Regulated At The State Or Federal Level?
Question: Who regulates and oversee annuities? Is it at the state level or at the federal level? Bart from Santa Barbara, California Answer: Great question Bart, but as usual with annuities, the answer is a little complex. Annuities are regulated at the state level, and each state has a guarantee fund that backs up policies to a certain dollar amount. To find out the specific levels for your state, go to www.nolhga.com. There’s no uniformity in coverage, and every state has different dollar protection limitations. ...
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