It would be interesting to know how AIG's insurance defines lost retirement funds under its protective policy; since, most retirement funds are invested in the stock market, which move up and down during normal economic cycles. This would make the definition of one's retirement funds a kind of moving target.
Perhaps the policy would guarantee a fixed monthly amount over a fixed number of years, and to the extent an individual's retirement fund did not provide this minimum amount, the insurance would kick in, but how would this differ form any normal annuity plan purchased from a insurance or investment company? Regards, LelandJ Nicholas Geti wrote: > Listening to the hearings this morning I found out that people who bought > insurance from AIG to protect their retirement have been made 100% whole by > the recent bailouts. While this is proper and legal function of insurance, I > am not sure what to think when I see that everyone else in this country has > taken a 50% hit on their retirement. > > > > --- StripMime Report -- processed MIME parts --- > multipart/alternative > text/plain (text body -- kept) > text/html > --- > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
