Comments on: Does it matter which state you buy an annuities home state or not? http://www.annuitypurchaseblog.com/buy-an-annuity/does-it-matter-which-state-you-buy-an-annuities-home-state-or-not Buy Annuities and Annuity Information Sat, 24 Jul 2010 03:06:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Annuity Expert http://www.annuitypurchaseblog.com/buy-an-annuity/does-it-matter-which-state-you-buy-an-annuities-home-state-or-not/comment-page-1#comment-1078 Annuity Expert Sun, 30 Aug 2009 22:40:59 +0000 http://www.annuitypurchaseblog.com/buy-an-annuity/does-it-matter-which-state-you-buy-an-annuities-home-state-or-not#comment-1078 You can usually only purchase an annuity from the state you reside in. The exception is if you were traveling, happened to run into an annuity salesperson and they sold you an annuity (not-premeditated). Insurance companies usually offer the same products in all states with a few exceptions. However, the biggest state-to-state difference is the guaranteed amount in the state insurance legal reserve pools. The reserve pool operates like this...if an insurance company goes out of business, every other insurance company doing business in that state must assume a part of the liabilities and obligations of the out of business company. The protection varies from $100,000-$500,000 depending on which state you live in. Some insightful other annuity information...www.arisplanning.com<br><b>References : </b><br>Financial Services / Annuity Expert You can usually only purchase an annuity from the state you reside in. The exception is if you were traveling, happened to run into an annuity salesperson and they sold you an annuity (not-premeditated).

Insurance companies usually offer the same products in all states with a few exceptions. However, the biggest state-to-state difference is the guaranteed amount in the state insurance legal reserve pools. The reserve pool operates like this…if an insurance company goes out of business, every other insurance company doing business in that state must assume a part of the liabilities and obligations of the out of business company. The protection varies from $100,000-$500,000 depending on which state you live in.

Some insightful other annuity information…www.arisplanning.com
References :
Financial Services / Annuity Expert

]]> By: Tim http://www.annuitypurchaseblog.com/buy-an-annuity/does-it-matter-which-state-you-buy-an-annuities-home-state-or-not/comment-page-1#comment-1077 Tim Sun, 30 Aug 2009 22:00:59 +0000 http://www.annuitypurchaseblog.com/buy-an-annuity/does-it-matter-which-state-you-buy-an-annuities-home-state-or-not#comment-1077 what do you mean? whose home state?<br><b>References : </b><br> what do you mean? whose home state?
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