If your annuity provider goes out of business, your annuity is insured up to certain limits. The first $2,000 per month of your annuity income is insured at 100%. Amounts above this are insured at 85% if the firm is a member of Assuris.
The insurance that covers your annuity is automatic. You don’t have to do anything, and you don’t have to pay extra to get it. To learn more about the specific protections your annuity, you may contact your annuity provider or Assuris.