Is a US Life annuity insured?

A U.S. life annuity is typically backed by the financial strength of the issuing insurance company, but it is not insured in the same way that bank deposits are insured by the FDIC. However, many states have guaranty associations that provide a level of protection for policyholders if the insurance company becomes insolvent. The amount of coverage can vary by state, so it's important to check the specific limits and protections available in your state. Always review the financial stability of the issuing insurer when considering a life annuity.