are annuities fdic insured 
no annuities are not insured by the federal deposit insurance corp fdic as they are not bank products however they are protected by state guaranty associations if the insurance company providing the product goes out of business 7the bottom linebefore buying a variable annuity investors should carefully read the prospectus to understand the expenses risks and formulas for calculating investment gains or losses annuities are complicated products so that can be easier said than done bear in mind that between the numerous fees such as investment management fees mortality fees and administrative fees and charges for any additional riders a variable annuity s expenses can quickly add up that can adversely affect your returns over the long term compared with other types of retirement investments 