Are fixed annuties insured

Yes, fixed annuities are typically backed by the issuing insurance company, which means they are subject to state insurance regulations. In the event of an insurer's insolvency, state guaranty associations provide a level of protection, which can cover a portion of the annuity's value. However, the specific amount of coverage can vary by state, so it's important to check the limits in your jurisdiction. Always review the financial strength and ratings of the insurance company before purchasing an annuity.