Quote Originally Posted by Averageman View Post
It sounds like to me, you would be good to go as long as they remain solvent.
What can you do if they don't? What can you expect if they go tit's up?
From the OP: "The State Guarantee Association in Tennessee insures you for up to $250K. It's kind of like an FDIC for annuities. That $250K amount is close to what I'd be investing anyway, so even if the insurance company went tits-up I'd be essentially covered."

As long as that particular insurance company is "approved" in your state then it is covered, in TN it's up to $250K (which would be just about all of it). Each state has a list of companies and amounts, so it varies.