I have one big investment is an annuity way over the $100,000 state of michigan insurance guarantee in lincoln. with massive insider buys, and hopefully sound investments made by lincoln should i move all money over $100,000 into another company just in case lincoln goes out of business? keep hearing sun life is coming for little lincoln anyone hear same? thanks
i too had way over the 100,000 and although i doubt Lincoln would ever go out of business i did a tax free exchange for one of my annuities over to CINF...they seemed solid and have the P&C business to smooth out their exposures. Now have less than 100,000 with lincoln.
Certainly it is way more logical that another company would come in and buy the Lincoln book long before they got into trouble. Sun would be possible or a P&C company looking to add that to round out.
In the mean time selling calls today on some of my lnc as to me its like putting a limit sell on them...selling january over $20 and getting paid to place the order.