Is my investment with Allmerica Financial insured?
Asked a year ago
Yes, your investment with Allmerica Financial is insured. Allmerica Financial is a member of the Securities Investor Protection Corporation (SIPC) which provides limited protection in case a brokerage firm fails. This protection covers up to $500,000 per customer, including a maximum of $250,000 for cash claims. However, it's important to note that SIPC protection does not cover losses due to market fluctuation or poor investment choices. Additionally, Allmerica Financial may also have additional insurance coverage beyond SIPC, depending on the specific investment products and services you use. We recommend reviewing the details of your specific investment with a financial advisor to ensure you understand the level of insurance coverage provided by Allmerica Financial.
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