Read it all here.1. People who bought guaranteed income in the form of annuities from insurance companies have been saved. As far as I am aware, no insurers have failed to make the guaranteed payments they were contracted to make. People who bought variable annuities with value floors and guaranteed incomes and inflation riders have been able to laugh at the economic tornadoes. There are many people who hate insurers, but for those who put their trust in insurance companies to guarantee their old age comfort, there has been security.
Me? I own no insurance or variable annuities. 'Fraid I was reared as an economic illiterate or on oldish, otherworldly Biblical economics:
King James BibleHope that works out for me.
Behold the fowls of the air: for they sow not, neither do they reap, nor gather into barns; yet your heavenly Father feedeth them. Are ye not much better than they?
Bible in Basic English
See the birds of heaven; they do not put seeds in the earth, they do not get in grain, or put it in store-houses; and your Father in heaven gives them food. Are you not of much more value than they?
WordMonkey Bible
Mirad las aves del cielo: no siembran, ni siegan, ni recogen en graneros, y vuestro Padre celestial las alimenta. ¿No valéis vosotros mucho más que ellas?
Still, Stein, teaches:
And, always, any excuse to Bueller:
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