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Re: A deleted message

Sunday, 01/10/2010 4:55:07 PM

Sunday, January 10, 2010 4:55:07 PM

Post# of 361557
I don't know about Allstate except that they issue their own fixed and variable annuities. I imagine it's conceivable that they could offer a fixed annuity with a lower rate and have them be backed by treasuries. Most annuities (by far) are backed by the credit of the insurance company, and secondarily by the state (subject to some maximums)

And I agree that legislators would prefer that our retirement savings not be subject to the whims of the stock market. But I definitely don't believe that there is any hidden agenda towards buying treasuries.