Description

Silvergate Bank, Signature Bank and Silicon Valley Bank - they all went bankrupt within a few weeks of each other. Why did that happen? We answer in today's podcast, and we also cover the 4 reasons why your indexed and fixed #annuities are safe despite these recent bank failures: 

1. insurance companies have very high capital reserve requirements compared to banks
2. insurance companies are backed by the State Guarantee Fund of the state you're in
3. insurance companies insure other insurance companies' money (say that 3 times fast!) 
4. annuities have surrender charges (yes, that's actually a positive) 

Listen in to find out more. 

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LET'S CONNECT

Show website:

https://www.providencefinancialpodcast.com

Find us at:

https://www.providencefinancialinc.com

Get to know Anthony:

https://anthonysaccaro.com

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https://morelifethanmoneybook.com

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https://amazon/author/anthonysaccaro

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https://www.providencefinancialradio.com

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