No. of Recommendations: 3
This is kind of saying - "trust those other insurance companies rather than continuing to trust Berkshire"
Well, yeah, but the thing to remember is that a stock is a VERY different asset class from an annuity. If I recall correctly, Berkshire doesn't offer annuities any more, so that simply isn't an option.
So one's best bet for a large annuity would be to have a few more modest annuities from a few very highly rated insurers. Preferably ones who aren't investing their float in their own stocks, since I figure that is a blow-up just waiting to happen. Like the Enron employee pension fund, invested in Enron stock.
Jim
