Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Insurance agent proposes fixed indexed annuity for hospital‑sale funds; board asks for legal review and takes presentation under advisement
Summary
Colton Insurance presented fixed indexed annuities (FIAs) as a vehicle for the county’s hospital‑sale proceeds; the board voted to take the proposal under advisement and requested legal review and further study before any action.
A representative of Colton Insurance & Investments presented fixed indexed annuities (FIAs) to the Oktibbeha County Board of Supervisors as a possible investment vehicle for large, non‑operating county funds, including the $41 million the board holds from the sale of a hospital. The board took the presentation under advisement and asked staff to evaluate legal permissibility and implementation details.
Richie Colada, identified in the meeting as representing Colton Insurance & Investments, described FIAs as life‑insurance company accumulation products that credit…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
