Are Fixed Annuity Carriers Safe? - NAIFA-Nebraska

Are Fixed Annuity Carriers Safe?

Dr. Jack Marrion Advantage Compendium, Ltd.

211 In Rome Domitius Ulpianus becomes the first actuary by creating a mortality table

212 Pocket Protector invented

1709 England and Holland issue life annuities instead of interest bearing bonds

1812 The Pennsylvania Company for Insurance and Granting Annuities is founded

A Little Annuity History

30 B.C. Roman Soldiers get signiferi (booty as pension) 700 Catholic Church issues life annuities 1200 Germany landowners issue age-based payments 1300 Catholic Church offers societas sacri officii 1693 Edmund Halley publishes actuarial table 1725 Abraham de Moivre publishes better actuarial table 1756 Equitable Society in England, 1st modern insurance co.

A Little More Annuity History

1871 NAIC formed (National Convention of Insurance Commissioners ) 1920 Annuity sales over $10 million 1930 Annuity sales over $100 million 1941 New York forms 1st Guaranty Association 1980 Annuity sales over $22 billion 1980 Best's Review publishes first ever annuity article 1983 NOLHGA formed

Fixed Annuity Myth #1

"No one in a fixed annuity has ever lost money because the carrier failed"

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