October 8, 2008
How the Bailout Affects Structured Settlements
The Government is going to hopefully save the financial sector. One company stands out AIG.
This is the largest insurance company with over $1 trillion dollars in assets and nearly 80 million clients and customers worldwide. AIG is the leader in the structured settlements annuities market.
If you have an structured settlement, do you have to worry? No you don’t. Life insurance companies, which includes annuities and structured settlements are govern under State Law and have special reserve accounts which the parent company can not touch.
The bailout of AIG by the US Government has no effect on the annuity and/or structured settlements sector of their business.
The insurance laws of that individual state governs annuities and/or structured settlements. A special reserve fund is set aside to cover all the commitments of each annuity and/or structured settlement.
Any money or assets from the life insurance sector in these reserve accounts are protected and a parent company such as AIG may not touch it.
In the case of AIG’s life insurance department, the state of Texas supervises and monitors each of these reserve accounts that that guarantees these annuities and/or settlements.
Now you can sleep at night knowing that your money in your structured settlement is safe from all this financial turmoil.
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Product Description
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Technical Details
Brand Name: Motorola
Model: T9550RCAMO
Item Package Quantity: 1
radio_channels: 22-channel Unknown modifier
Talking Range Maximum: 132000 feet
call_alerts: 10 Unknown modifier
voice_operated_transmission: Internal (iVOX) Unknown modifier
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Filed under Other - Business & Finance by Frank D. ReCouper Sr.
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