The collapse of PHL Variable Insurance Company should end the myth that annuities are somehow “safe” simply because they are wrapped in insurance company marketing language. What happened at PHL is not just an isolated insurance failure. It is a warning sign for the entire retirement system—especially for ERISA plans using annuities inside 401(k)s and … Continue reading Annuity Collapse Shows Why Insurers Are a Growing Danger in 401(k)s