Fixed Annuities Safety

You either misunderstood or were lied to.
Your annuity is guaranteed by the claims paying ability of the insurance company. By no one else. If the insurance company goes bankrupt, you could lose all your money. Most states have an annuity guarantee fund. In actuality, if the insurance company becomes insolvent, the state will attempt to get another insurance company to make good on their obligations. If not, the state (you need to check for your state) may have a gaurantee fund and if the guarantee fund is solvent, may guarantee your annuity to $100,000.
If you are sure that the agnet said the annuity was fully guaranteed, you need to report them to the state department of insurance.

Wrong! All 50 states have some guarantee program. None are LESS than $100,000. All companies pay in a premium, in order to have their clients' assets covered. For instance, the state of Wisconsin has a $300,000 limit per fixed customer. Agents are not, however, allowed to use this guarantee program in their solicitations.

As stated, ALL states have some protection against a failed insurance company. The State of Ohio has protection up to
$100,000. The name is The Ohio Life and Health Insurance Guarantee Association. This is for a fixed annuity. Variable
products are not covered.