Edward Stone is quoted in this article by Gail Liberman and Alan Lavine that appeared in the Wall Street Journal’s Market Watch on May 17, 2103.  ”  The article points out that benefit payouts on annuities are guaranteed by state insurance guaranty associations where the coverage limits vary by state from a low of $100,000 to a high of $500,000 and that settling a claim when an insurance company fails can take many years.  Edward Stone suggests choosing your annuity extra carefully and “cross out insurance companies that have significant exposure to wholly owned captive insurance companies”.